The report on the Aerospace Fluoropolymers Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offers insights into different market segments and other factors affecting the market.
Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aerospace Fluoropolymers Market is expected to reach US$ 333.9 million by the forecast period (2019 – 2024).
As per the report, the market is segmented by:
- Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV),
- By Resin Type (PTFE, ETFE, PFA, FKM, and others),
- By Application Type (Powder, Pellets, and Dispersions),
- By Component Type (Seals, Wires & Cables, Hose & Tubes, Films, Coatings, and Others),
- and By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Highlights of the Report:
The global aerospace fluoropolymer market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key programs, such as B737 and A320 family; the market entry of new players, such as COMAC and Irkut; and the introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for fluoropolymers in the commercial aircraft segment in years to come.
Based on resin type, the aerospace fluoropolymers market is segmented as polytetrafluoroethylene (PTFE), ethylene tetrafluoroethylene (ETFE), fluorinated ethylene propylene (FEP), fluoroelastomer (FKM), and others. In terms of value, FKM is likely to remain the most dominant segment and it is likely to witness higher growth over the next five years, whereas, in terms of volume polytetrafluoroethylene (PTFE) is likely to remain the largest resin type in the market over the same period. FKM is gaining traction in the aerospace industry because of its non-flammability, low gas permeability and excellent resistance to ozone, weathering, and aging. It also has the excellent abrasion resistance and the ability to seal against hard vacuum, as low as 133 nano pascal (NPA).
Based on the component type, the aerospace fluoropolymers market is classified as hoses & tubes, wires & cables, seals, films, coatings, and others. Wire & cable is likely to remain the most dominant and the second-fastest-growing component type in the market during the forecast period. In order to save weight, cost, and fuel, aircraft designers replaced mechanical and hydraulic systems with electrical systems (fly-by-wire technology), causing the amount of electrical power carried by the aircraft Electrical Wire & Interconnect System (EWIS) to almost double, which is likely to generate a good demand for fluoropolymers in segment during the forecast period. Seals application is projected to grow at the highest rate during the same period.
In terms of regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace fluoropolymers market. The country is the home of several major tier players, aeroengine OEMs, aircraft OEMs, airlines, MRO companies, and aircraft leasing companies. Mexico, a relatively petite market, is subject to attract some global as well as the North American players’ attention in years to come.
Asia-Pacific is likely to depict the highest growth during the forecast period. The region is likely to remain the most eye-catching market in the foreseeable future, mainly driven by upcoming commercial and regional aircraft, such as C919 and MRJ. Establishment of aircraft assembly facilities by Boeing and Airbus in China is likely to create further demand for fluoropolymers in the region.
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Key Players of the Market
The key aerospace fluoropolymer manufacturing companies are The Chemours Company, Daikin Industries, Ltd., Honeywell International Inc., AGC Inc., Solvay S.A, The 3M Company, and Dongyue Group.
Features of the Report
The Report discusses about the working of the airbags, the various types, and the growth of the airbags in the global market. Here are the key features of the report:
- Strategic Segmentation
- Competitive Analysis
- Strategic Growth Opportunities
- Swot Analysis
- Key Players
- Forecast Analysis & Future Growth
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