Global Aircraft Seals Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Aircraft Seals Market by type, by formulation, and by Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the aircraft seals market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe dominates the aircraft seals market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
There is rise in production value of major aircraft programs like B737, B787, A320, and A350XWB which leads to the increase in growth rate of the market. Today customers are adopting lightweight aircraft seals for the good service which gives rise to the market growth.
The market comprises major restraining factors which is responsible to restrain the growth of the
market such as recyclability issues related to composite materials and occurrence of backlogs in aircraft deliveries.
There should be proper developments done in addictive manufacturing technology which is the important opportunity of the market. The market has to face several challenges like some issues associated with quality accreditations.
The engine system application is considered to be the leading application in the market.
Polymers material type is considered to be the largest segment in the market.
Major manufacturers of aircraft seals are boeing and airbus which is present in North America. There this region is estimated to be the largest market.
Asia Pacific is predicted to be the fastest growing region as there are various aviation industries in this region.
The major companies profiled in the report include Brown Aircraft Supply, Eaton Corporation, Esterline Technologies, Meggitt, Parker Hannifin, Saint-Gobain Performance Plastics, SKF, Trelleborg, Hutchinson SA, and Technetics Group
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