Aircraft Seals Market To Reach USD 1.4 Billion By 2027

Global Aircraft Seals Market: Key Highlights

According to the new market research report “Aircraft Seals Market by Type (Stationary, Running), by Material (Elastomer, Metal, Composite, Others), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation, Others), by Sales Channel (OEM, Aftermarket), by Application (Airframe, Engine, Flight Control, Actuation, Landing Gear, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2019 to 2027)”, the global aircraft seals market is estimated to reach USD 1.4 Billion by 2027 at a CAGR of 4.7% during forecast period 2019-2027.
Increasing number of aircrafts and replacement of existing seals are few factors among others, which are expected to drive the aircraft seals market during the forecast period
However, recycling of composite materials is expected to restrain the growth of the market during the forecast period.

Aircraft Seals Market

Global Aircraft Seals Market: Key Market Dynamics

Increasing number of aircrafts is expected to drive the market of aircraft seals, as the seals are vital component of any aircraft increasing number of aircrafts may fuel the demand of seals.
Advancement in additive manufacturing technologies is expected to rise the market in near future, as the current manufacturing process is expensive and have long delivery time that may hamper modifications in the material.
Recycling of composite materials can restrain the growth of the market, as there is no proper procedure to economically recycle composite materials.

Global Aircraft Seals Market : Regional Overview

Europe

Aircraft seals market is predicted to expand remarkably in the European region. The expansion in this region can be observed because there are five giant aircraft manufacturers in France that includes Airbus and its subsidiaries, Dassault Aviation, and Daher. This generates demand of various seals in the European region.

North America

North America is one of the promising market in the aircraft seals market. The growth is expected to be continuous in the coming decades, because the leading aircraft manufacturers such as Boeing, Lockheed Martin, and others are functioning in this region. Hence, existence of key aircraft manufacturers in this region may boost the market.

Global Aircraft Seals Market: Key Players Overview

Trelleborg Group:

Trelleborg Group is a Sweden-based multinational aerospace company that provides engineered polymer solutions to various industries. For aerospace industry, the company provides various solutions such as sealing solutions, fire resistant coatings, and thermal insulation among others. The company through its subsidiary Trelleborg Sealing Solutions supplies sealing solutions under various brand names. In November 2019, it acquired Tritec Seal that supplies polytetrafluoroethylene (PTFE) sealing solutions, which helped the organization to expand in the US market.

SKF:

SKF is a Sweden-based company that manufactures bearings, industrial seals, lubrication, condition monitoring systems, and other products. It supplies various sealing solutions such as power transmission seals, hydraulic seals, and fluid handling seals among others. For aerospace sector, it supplies radial lip shaft seals, gaskets and boots for rotor systems, carbon seals, and sealing rings among others.

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