Global Aerospace And Defense Elastomers Market is expected to reach US$ 79.52 Mn by 2024 from US$ 54.31 Mn in 2016 at a CAGR of 5.6 %. Extending demand for new aircraft in emerging economies of Asia Pacific such as India and China, among others and increased rate of replacement of the existing aircraft with new ones is vital factor driving the growth of the aerospace & defense elastomers market. Furthermore, lighgweight aircraft trend will impel the demand at significant growth rate. Global Aerospace & Defense Elastomers Market Aerospace & defense elastomers market based on type, fluoroelastomers are widely used in aircraft engines and fuel handling systems. Growth of this segment is attributed to the excellent resistance to heat, their excellent sealing and mechanical properties. Global Aerospace And Defense Elastomers Market based on application are segmented into O-rings & gaskets, seals, hoses and profiles. O-rings & gaskets segment grabs major chunk of the market. Growth of this segment is attributed to the increasing use of O-rings & gaskets in the static sealing applications, where leak-proof performance is required. Geographically, the Aerospace & defense elastomers market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be largest markets for aerospace & defense elastomers market during the forecast period. Large aerospace market and upgradation and expansion of the aviation infrastructure in this region is driving North Americas Growth.
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