iCrowdNewswire Nov 2, 202011:45 AM ET
Aerospace & Defense Elastomers Market size is forecast to reach $85 million by 2025, after growing at a CAGR of 6.1% during 2020-2025. With rise of use in elastomers-based products in aerospace & defense elastomers Market is witnessing an increase in demand. Growing governments’ interest towards their defenses will further enhance the overall market demand for Aerospace & Defense Elastomers during the forecast period.
Type – Segment Analysis
Unsaturated segment held the largest share in the Aerospace & Defense Elastomers Market. Unsaturated elastomers can be cured by sulfur vulcanization process, also can be cured by non-sulfur vulcanization if desired. Unsaturated elastomers such as styrene-butadiene rubber, cis l,4-polybutadiene, synthetic cis 1,4-polyisoprene and natural rubber used to improve the ozone aging or oxidation resistance, then higher unsaturation levels produce better results. In preparing the blends, usually the unsaturation level of the oil extended EPDM elastomer should be about 5-25 C=C/1000 C and preferably about 5-15 C=C/ 1000 C based on the total weight of oil and EPDM elastomer. When the amount of the extender oil that is added to the high Mooney EPDM elastomer and the initial unsaturation level of the elastomer are correlated so as to provide in each unit weight of oil extended elastomeric material the same unsaturation level which would normally be present in a suitable unextended elastomer, surprisingly the vulcanizates produced therefrom have good physical properties.
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Application – Segment Analysis
O-rings are the most commonly used and widely available rubber sealing rings in the market. An O-ring, also known as a packing or a toric joint, is a mechanical gasket in the shape of a torus; it is a loop of elastomer with a round cross-section, designed to be seated in a groove and compressed during assembly between two or more parts, creating a seal at the interface. The O-ring may be used in static applications or in dynamic applications where there is relative motion between the parts and the O-ring. Dynamic examples include rotating pump shafts and hydraulic cylinder pistons. Static applications of O-rings may include fluid or gas sealing applications such as the O-ring is compressed resulting in zero clearance, the O-ring material is vulcanized solid such that it is impermeable to the fluid or gas, and the O-ring material is resistant to degradation by the fluid or gas.
Geography – Segment Analysis
North America dominated the Aerospace & Defense Elastomers Market. Countries such as U.S, Canada, Mexico and others are the major market in this region, owing to the upgradation and expansion of the aviation industry and rising production of oil & gas. As this region consist of the world’s top economy such as US, who invests so much on their defenses towards continuously improving their intelligence and defense priorities. The total size of the global aerospace industry including regional jet, commercial aerospace, defense, space, and general aviation is a several hundred-billion-dollar market. Given the size of the market and its prospects for long-term development, the aerospace industry represents a highly attractive opportunity for OEMs, material suppliers, engine suppliers and part suppliers.
Drivers – Aerospace & Defense Elastomers Market
Growing demand in APAC region
With growing spending and countries such as China, India and others, APAC is expected to grow in this market, as they have very high potential countries, who spends too much in their defenses. Whereas territorial disputes, between countries such as India & Pakistan, India & China, China & Japan and many others in the APAC region is favoring market growth of Aerospace & defense elastomers as, these disputes arises tension at their border and the best way to protect at this moment is to give them whatever they want to fight against them.
Offers various advantages
Elastomers are widely used due to few their most important qualities such as these are recyclable, they can be easily colored by most types of dyes, They offer better durability, this is one of the most important reason, for why the defense industries prefer elastomers and another advantage it gives is they are resistant to emulsification in damp conditions also, owing to this the market demand for Aerospace & defense elastomers is growing. Elastomers have found myriad uses in our everyday life and, as technology improves, their applications have encountered ever more extreme conditions in which elastomer nanocomposites have already proved their value.
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Challenges – Aerospace & Defense Elastomers Market
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of international transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for aerospace & defense elastomers.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Aerospace & Defense Elastomers Market. Major players in the Aerospace & Defense Elastomers Market are Trelleborg, Shin-Etsu Chemical, Dow Corning, Greene, Tweed, Chemours, Wacker Chemie, among others.
In June 2016, The Dow Chemical Company has completed the transaction to restructure the ownership of Dow Corning. Dow is now 100 percent owner of Dow Corning’s silicones business, which had 2015 revenues of greater than $4.5 billion and is expected to generate more than $1 billion of annual EBITDA for Dow at full run-rate synergies.
Asia-Pacific dominates the Aerospace & Defense Elastomers Market owing to increasing demand from defense industries.
The growing governments’ interest towards their defenses will further enhance the overall market demand for Aerospace & Defense Elastomers during the forecast period, is likely to aid in the market growth of fuel additives
These elastomers are generally used for sealing applications in various industries as they can withstand difficult operating conditions. In addition, they offer good resistance to oils and chemicals. Owing to market demand for Aerospace & Defense Elastomers will grow in the near future.
Elastomers are very expensive which will create small hurdles for the Aerospace & Defense Elastomers Market.
Related Reports :
A. Elastomers Market
B. Silicone Elastomers Market
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