The Future of Aerospace Fluoropolymers Market in the forecast period (2019-2024) as predicted by Stratview Researc
March 02, 2020
The report on Aerospace Fluoropolymers to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2019 – 2024
Click here to get a Free Sample of the report (additional insights inside): https://www.stratviewresearch.com/Request-Sample/540/aerospace-fluoropolymers-market.html
This report, from Stratview Research, studies the Aerospace Fluoropolymers Market over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aircraft Type Segment
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.
Resin Type Segment
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).
Get a description of the report here: https://www.stratviewresearch.com/540/aerospace-fluoropolymers-market.html
Component Type Segment
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.
Region Wise Segment
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.
Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/540/aerospace-fluoropolymers-market.html
Highlights of the Report:
The market is projected to grow at a healthy rate over the next five years to reach US$ 333.9 million by 2024. Surging commercial and regional aircraft deliveries well supported by the increasing production rates of the next-generation aircraft (B787 and A350XWB) programs and growing demand for durable materials in order to reduce the maintenance cost are the major factors to the growth of the aerospace fluoropolymers market. Another trend that is the significantly impacting the growth of the aerospace fluoropolymers market is that aerospace engineers are looking out for materials that offer the combination of heat resistance and excellent dielectric stability for a broad range of fuels, solvents, corrosive chemicals.
The supply chain of this market comprises raw material suppliers, aerospace fluoropolymer manufacturers, intermediate product manufacturers, aerospace component manufacturers, and aerospace OEMs. 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. Development in the materials to overcome poor weldability, low creep resistance, low radiation resistance, and high microvoid content; execution of mergers & acquisitions, and collaborations with OEMs for the joint development of fluoropolymers are some of the strategies adopted by the major players in order to gain competitive edge in the market.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research is known to offer its insightful reports and custom researches in some of important industry sectors such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Whether it is collection of data or analysis of the trends, the expert team makes sure to put in its best efforts to come up with the best results for the interested clients.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176