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Aircraft Seals Market in Polymer Material Segment is Projected to Acquire Largest Business Share by 2024

Author : Ronak Bora | Published Date : 2019-04-24 

The latest Aircraft Seals Market Research Report 2024 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, key success factors and supply chain analysis.

Based on material, aircraft seals market is categorized in to composites, metal and polymers. Polymers will acquire largest business share during the forecast period. Composite will witness highest growth rate owing to increasing demand of composite components from manufacturers. Composites have high strength to weight ratio at relatively low weight which is prompting manufacturers to replace metals with composites. 

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Expanding aviation industry is driven by rise in passenger traffic across the globe. Increment of international & domestic fleet gives rise to demand of new airplanes. Growing demand for new deliveries from Airbus & Boeing and increasing backlog creates the growth opportunity for component suppliers across aerospace sector from 2017 to 2024.

Based on aircraft, aircraft seals market is categorized in to commercial, regional, general aviation, helicopter and military airplanes. Demand from commercial airplanes will acquire significant share owing to increasing usage of product in modern airplanes. Demand from military aircrafts is attributed to increasing number of light combat helicopters. For instance, in 2016, Defense Ministry of India purchased 16 light combat helicopters. China purchased more than 200 helicopters including Bell 407GXP & Bell 505 in the same year.

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North America aircraft seals market size is expected to witness significant growth owing to strong presence of manufacturers in the region. Boeing has established manufacturing plant in the U.S. and Airbus is in process of starting production from its U.S. facility. American Airline Group has the largest fleet size and carries the highest number of passengers globally. Expanding aviation industry and technological developments in region will support the aircraft seals market revenue during the forecast period.

Some of aircraft seals market manufacturing companies are Hutchinson SA, Trelleborg, Esterline Technologies Corporation, Thomasnet, Advance Aircraft Seal, Brown Aircraft, Ace Seal, Robco, Dupont, Kopco Global and Jaco Airspace & Industrial among others. Manufacturers focus on development of optimized products and establishing long term contracts with OEMs for business sustainability.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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