LONDON, Nov. 21, 2022 /PRNewswire/ -- The growing demand for small aircraft is expected to propel the growth of the aircraft seals market going forward. Aircraft seals are used to prevent the spread of fire or flames in the engine system of the aircraft, water or dust intrusion, prevent corrosion, and avoid air leakage. For instance, in November 2021, according to an article published by Airbus, a Netherlands-based provider of aeronautics, space, and defense-related services, around 29,700 small aircraft and approximately 5,300 medium aircraft were high in demand. Therefore, the growing demand for small aircraft is driving the growth of the aircraft seals market.
Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies.
The global aircraft seals market size is expected to grow from $1.71 billion in 2021 to $1.80 billion in 2022 at a compound annual growth rate (CAGR) of 5.19%. The global aircraft seals market size is expected to reach $2.35 billion in 2026 at a compound annual growth rate (CAGR) of 6.81%.
Request a free sample of the Aircraft Seals Market Report
Advanced Sealing Solution - A Key Trend In The Aircraft Seals Market
As per the aircraft seals market analysis, the use of advanced sealing solution products is a key trend gaining popularity in the aircraft seals market. Major players in the market are focusing on the advanced sealing products to improve their product portfolio. For instance, in March 2021, Trelleborg, a Sweden-based engineering group focused on polymer technology, launched Turcon VL Seal II. It provides high-performance sealing in flight control actuators and landing gear shock absorbers. This new generation seal provides improved sealing efficiency, simplified installation, and increased reliability.
Major Players In The Aircraft Seals Market
Major players in the aircraft seals market are Trelleborg Sealing Solutions, Saint-Gobain S.A., Du Pont, Parker Hannifin Corporation, Regal Rexnord Corporation, DP Seals Ltd, PPG Industries Inc, STACEM, Hutchinson SA, Technetics Group, Meggitt PLC, SKF Group, Eaton Corporation PLC, Performance Sealing Inc, Precision Polymer Engineering Limited, Rexnord Corporation, Brown Aircraft Supply Inc, Freudenberg Group, W. L. Gore & Associates Inc, Greene & Compay Inc.
North America Held The Largest Aircraft Seals Market Share In 2021
North America was the largest region in the aircraft seals market and was worth $573.7 million in 2021. The aircraft seals market in North America is supported by investments in the market. For example, in March 2022, Ducommun Inc, a US-based technology-driven manufacturing company acquired Magnetic Seal Corporation for an undisclosed amount. With this acquisition, Ducommun would keep up a plan of expanding their portfolio with high-value-added aerospace and defense engineering goods. Magnetic Seal Corporation is a US-based developer of engineered magnetic seals for aerospace and defense applications.
See more on the Aircraft Seals Market Report
Check out similar market reports:
Aircraft Maintenance, Repair And Overhauling Services Global Market Report 2022 - By Type (Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders And Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services), By Aircraft Division (Engine, Cabin Interior, Airframe, Avionics), By Size (Wide-Body, Narrow-Body, Regional), By Service Type (Annual Maintainance Contract, Individual Works) - Market Size, Trends, And Global Forecast 2022-2026
Aircraft Cables Global Market Report 2022 - By Type (Stainless Steel Material, Galvanized Steel Material), By Aircraft Type (Military Aircraft, Civil Aircraft), By Sales Channel (Aftermarket, Original Equipment Manufacturer (OEM)), By Application (General Aviation, Airliner, Business Aircraft, Other Applications) - Market Size, Trends, And Global Forecast 2022-2026
Aerospace Insulation Global Market Report 2022 - By Product (Thermal Insulation, Acoustic Insulation, Vibration Insulation, Electric Insulation), By Material (Foamed Plastics, Ceramic Material, Fiber Glass, Mineral Wool), By Application (Engine, Airframe), By Aircraft (Commercial Aircraft, Military Aircraft, Helicopters) - Market Size, Trends, And Global Forecast 2022-2026
Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-aircraft-seals-market-is-expected-to-reach-over-2-billion-by-2026-driven-by-the-rising-demand-for-small-aircrafts--by-the-business-research-company-301682474.html
