The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace Fluoropolymers Market.

It was estimated prior to this unanticipated outbreak that the Aerospace Fluoropolymers Market will reach US$ 333.9 million by 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. 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. 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.

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Aerospace Fluoropolymers Market Segment Insights:

By Aircraft Type:

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.

By Resin Type:

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).

By Component Type:

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.

By Region:

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.

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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
• COVID-19 Impact Assessment
• 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

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