Aerospace & Defense Elastomers Market Size, Share Global Analysis Report, , 2020 – 2026

Industry Insights

[195+ Pages Report] The global aerospace & defense elastomers market is set for rapid growth over the forecast period. In terms of revenue, the global aerospace & defense elastomers market accounted for USD 60 Million in 2019 and is anticipated to reach around USD 90 Million by 2026, growing at a CAGR of 6.1%.

Global Aerospace & Defense Elastomers Market: Overview

Elastomers are low-elastic-modulus materials that have superior extensibility and durability when stressed but revert to their original dimensions when the deforming stress is withdrawn. Elastomers have very high elasticity, with elongation rates ranging from hundreds to thousands of percent. This makes elastomers ideal for applications requiring low stiffness and high elasticity. As a result, they're used in airplane seals, gaskets, and tires.

Global Aerospace & Defense Elastomers Market: Growth Factors

The global aerospace and defense elastomers market is expected to grow in the upcoming years due to increasing aircraft demand from developing countries such as China and India. Due to properties such as high elasticity and elongation values, elastomers are widely used in aircraft tires, gaskets, and seals. Additionally, the replacement of existing aircraft with new aircraft is set to propel the aerospace and defense elastomers industry globally. For the first time, the world's commercial aircraft fleet increased by 4% in 2017, reaching greater than 31,000. The number of aircraft on order was almost half it, with an order backlog of almost ten years. Both major aircraft manufactures shipped a record number of aircraft in 2017, and the air fleet is estimated to double in size by 2038 relative to existing conditions, reaching 50,660 aircraft from 25,830 in 2018. As a result, a significant increase in the manufacturing of aircraft is expected to fuel demand for aerospace elastomers. The increase in defense budgets of various developed and developing economies has also boosted demand growth. Business development has been hampered by a lack of expertise as a result of technological advances. Another factor contributing to the sector's slowing growth is the fact that the aerospace industry is cyclic in nature, triggering market swings.

Global Aerospace & Defense Elastomers Market: Segmentation

The global aerospace and defense elastomers market is bifurcated into its unsaturated elastomer, saturated elastomer, application, sales channel, and regions. Based on the unsaturated elastomer, the global market is divided into silicone rubber, ethylene-vinyl acetate, polyacrylic rubber, polyether block amides, ethylene propylene diene monomer (EPDM), and others. Silicone elastomers are used in a variety of industries for sealing applications because they can survive harsh working environments. Silicon elastomers' dominance can be attributed to their widespread adoption in the market, as they have outstanding consistency and general characteristics. Based on the saturated elastomer, the market is bifurcated into chloroprene rubber, nitrile rubber, polybutadiene, butyl rubber, synthetic polyisoprene, and others. Based on the application category, the global market is divided into seals, hoses, o-rings & gaskets, profiles, and others. Static sealing is provided by O-rings and gaskets in several parts of aero engines, such as the fuel systems and gearbox. Landing gear assembly, which includes actuators, wheels & brakes, and hydraulics, and flight control sealing, which includes fuel lines, lubrication, hydraulics, cables, and fuel system seals, are examples of sealing applications. Based on the sales channel, the global market is divided into direct distribution and indirect distribution. Geographically, the global aerospace and defense elastomers market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.

Global Aerospace & Defense Elastomers Market: Regional Analysis

North America region dominated the global aerospace and defense elastomers market in 2019 and is anticipated to continue its dominance in the upcoming years. This is due to the region's rising business and commercial aviation sector, which has the world's highest demand for aerospace and defense aircraft. In addition, industry growth is anticipated to be fueled by the rapid introduction of new manufacturing technology and substantial investment in research and development activities. The participation of many major industry players such as Chemours, Dow Corning, and Greene, Tweed among others, will help the market expand even further. Furthermore, over the last few years, North America has seen an increase in aircraft deliveries in both commercial and defense applications, which is anticipated to fuel the region's aerospace & defense elastomers industry.

The Asia Pacific aerospace and defense elastomers market is anticipated to grow at a significant rate in the forecast period. The growth of the Asia Pacific region can be attributed to the region's increased emphasis on the construction of aircraft manufacturing facilities. The market's growth is being fueled by encouraging government policies and a growing defense budget. The region's increased commercial and military aircraft production and procurement programs are expected to fuel the market's growth. For example, in December 2018, the Boeing Company and the Commercial Aircraft Corporation of China formed a joint venture to build the first 737 aircraft in China. The Boeing Company spent about USD 33 million in the joint venture and now owns a significant portion of it.

Europe aerospace and defense elastomers market followed North America market in 2019 and is expected to grow at a healthy growth rate in the upcoming years. This is due to increased demand for aerospace & defense elastomers from main Airbus SE and ATR aircraft manufacturing facilities in Germany, U.K., France, and Italy. Furthermore, leading manufacturers such as Wacker Chemie, Trelleborg, Solvay, and Saint-Gobain among others, are present in the field, fueling the market growth over the projected period. Furthermore, the UK authorities' assurances that the UK will remain a member of the European Aviation Safety Agency will not affect the BREXIT agreement also brought relief to UK-based manufacturers. The aerospace and defense elastomers industry in Latin America is dominated by Brazil and Mexico, with Brazil being the largest consumer. Despite its limited scale, the Middle East and Africa aerospace market is anticipated to expand rapidly due to the optimistic outlook of airplane manufacturers to open new bases in the area and its strategic location.

Report Scope

Global Aerospace & Defense Elastomers Market: Competitive Players

Some of the key players in the aerospace and defense elastomers market are :

• Chemours
• Momentive Performance Materials Inc.
• Solvay
• 3M
• Esterline
• Technetics
• Trelleborg
• Specialty Silicone Products
• Zeon Chemicals
• Jonal Laboratories Inc.
• Quantum Silicones
• TRP Polymer Solutions Limited
• Greene Tweed
• Wacker Chemie AG
• Saint-Gobain
• DOW Corning
• Chenguang Fluoro & Silicone Elastomers Co. Ltd.
• Holland Shielding
• Lanxess
• Specialised Polymer Engineering
• Unimatec
• Shin-Etsu Chemical
• Polymod Technologies
• Rogers Corporation
• Seal Science Inc

Global Aerospace & Defense Elastomers Market: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa