Global Aerospace Seals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerospace Seals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aerospace seals are used in aircraft to prevent fluid leakage, prevent air and dust from entering aircraft structures, and provide protection in harsh environmental conditions. Aviation seals have a variety of functions, including aerodynamics, fire resistance, conductivity, insulation, and air and fluid handling, and can perform sealing, vibration and noise reduction, physical protection, Media isolation, fluid transmission, etc. Aviation seals are used in multiple parts of the aircraft to achieve functions such as sealing, storage and transmission of media, damping and shock absorption, heat insulation, electromagnetic shielding, flexible support, and corrosion protection. They are important materials necessary for the realization and protection of various systems of the aircraft , its performance directly affects the life and reliability of the aircraft.

Market Overview:

The latest research study on the global Aerospace Seals market finds that the global Aerospace Seals market reached a value of USD 2050.28 million in 2022. It’s expected that the market will achieve USD 3293.32 million by 2028, exhibiting a CAGR of 8.22% during the forecast period.

Since the beginning of 2020, the novel coronavirus pneumonia epidemic has occurred around the world, and various industries have been affected to varying degrees. Due to the impact of quarantine measures, traffic control and other epidemic prevention and control measures, the global civil aviation industry has suffered unprecedented, all-round and deep-seated operational pressure, causing immeasurable losses. As one of the most important means of transportation to promote economic globalization, the aviation industry suffered an almost unprecedented blow when the epidemic brought global passenger traffic to a standstill and the international air travel market almost stagnated. In the face of the strong impact of the new crown pneumonia epidemic, the main manufacturer emergency brakes, stopped production, adjusted production capacity, and responded to the sharp shrinkage of demand. At the same time, it gave customers more choices to retain their original orders; suppliers also took the same measures to suspend production Suspend production while looking for alternative needs and shift business focus; airlines and aircraft leasing companies adjust their fleet size, and convert passengers to cargo to ease economic pressure and ensure cash flow; the government provides various guarantees and subsidies to overcome difficulties and avoid more risks in the industry chain. The link has been drawn to a halt, and the demand for aviation seals has also been impacted.

In recent years, the average price of China's seal market has generally maintained a fluctuating upward trend, mainly due to the impact of economic prosperity, raw material prices, policies, and downstream industry prosperity. From a macro point of view, China's economy will still maintain a relatively stable growth. With the continuous and stable demand for downstream applications in the sealing industry, the seal industry will still maintain a steady growth trend. As far as the aviation field is concerned, under the current background of a prosperous country and a strong army, the craftsmanship and technical level of China's aviation parts manufacturers have been continuously improved, with stable quality and high timely delivery rate. More and more customers are shifting component production to Chinese suppliers. On the one hand, under the background of building a strategic air force, the upgrade of military aircraft has driven the rapid development of the aviation materials market for military aircraft. On the other hand, the country launched the

Two Machines Project, listing aero-engines and gas turbines as one of the key development directions of strategic emerging industries, and aero-engine related industries have entered a period of rapid development. Aerospace manufacturers need high-quality seals to ensure the normal operation of aircraft, rockets, etc., which puts forward higher requirements for the quality and technical level of seals. China has many aerospace manufacturing enterprises, such as China Aviation Industry Corporation, China Aerospace Science and Technology Corporation, etc. These enterprises need a large number of high-quality seals to ensure the quality and performance of their products.

Region Overview:

North America is projected to account for a considerable share of the Aerospace Seals market and is expected to become the largest region by 2028.

Company Overview:

Parker Hannifin
Parker Hannifin Corporation, formerly Parker Appliance Company, is usually referred to as Parker. Parker is a global leader in motion and control technologies, providing precision engineered solutions for a variety of mobile, industrial and aerospace markets. Its products include aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding.

Trelleborg

Founded in 1905, Trelleborg is headquartered in Trelleborg, Skåne, Sweden. It is a multinational company specializing in the production of polymers and rubber. Its business units are divided into coating systems, industrial systems, marine engineering and construction, sealing systems, and tire systems. five parts.

Parker Hannifin is one of the major players operating in the Aerospace Seals market, holding a share of 14.3% in 2023.

Segmentation Overview:

By type, Dynamic Seals segment accounted for the largest share of market in 2022.

Application Overview:

By application, the engine segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aerospace Seals market covered in Chapter 3:

SKF
Parker Hannifin
James Walker
Trelleborg
Guizhou Hongyang Machinery Co., Ltd.
SEALTECH
GreenTweed
Freudenberg
Eagle Industry Co., Ltd.
Saint-Gobain
Eaton
Technetics
Ailate
Hutchinson
Kirkhill
Beijing Institute of Aeronautical Materials Co., Ltd.
Bal Seal
Haohua Chemical Technology Group Co., Ltd.
Guangdong Dongsheng Sealing Technology Co., Ltd.
Chengdu Shengbang Seals Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerospace Seals market from 2018 to 2029 is primarily split into:

Dynamic Seals
Static Seals

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerospace Seals market from 2018 to 2029 covers:

Flight Control System
Landing Gear System
Wheels and Brakes
Engine
Airframe
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)