Global Aerospace & Defence Elastomers Market is estimated to be 86.7 Million by 2029
Growing demand for new aircraft in developing economies such as India and China.
Sustained Technological Advancement
Growth in the consumption of aerospace & defense elastomers in the aviation industry of developing countries such as India and China leads to dive the growth of the aerospace & defense elastomers market across the globe. Additionally, the replacement of the existing aircraft by new aircraft is also projected to boost the growth of the aerospace & defense elastomers market worldwide. In 2017, the world's fleet of commercial aircraft increased its numbers by 4%, hence, the robust growth in the aircraft manufacturing industry is set to propel the aerospace elastomers demand.
Key Market Insights from the report:
The global aerospace & defence elastomers market accounted for US$ 57.3 million in 2018 and is estimated to be 86.7 million by 2026 and is anticipated to register a CAGR of 5.3%. The market report has been segmented on the basis of type, application, and region.
The prominent player operating in the global aerospace & defence elastomers market includes Trelleborg, Shin-Etsu Chemical, Greene, Tweed, Chemours, DOW Corning, Wacker Chemie AG, Saint-Gobain, Momentive Performance Materials Inc., Solvay, and Lanxess
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