Aircraft Fuel Containment Market Set for Rebound from 2019 till 2024

July 27, 2022/IndustryNewsGlobal/ 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 Aircraft Fuel Containment Market.

It was estimated prior to this unanticipated outbreak that the Aircraft Fuel Containment Market is extrapolated to continue in the coming five years to reach a value of US$ 294.6 million in 2024. Increasing aircraft deliveries to support rising air passenger traffic, rising military expenditure and increasing demand for self-sealing fuel bladders are the major factors that are escalating the demand for fuel containments in the aircraft industry.

The market is marked by a handful of players, who are currently enjoying their healthy shares. These players own extraordinary capabilities in the market, securing their vanguard in the market. The market is registering further consolidation because of a fair number of mergers & acquisitions over a period of time. All the major players that hold a large chunk of the market, gained expertise in the market by acquiring core fuel containment manufacturer. For instance, Meggitt gained expertise by acquiring Engineered Fabrics Corporation, which originally gained the expertise from Goodyear. Similarly, Amfuel gained expertise from Uniroyal, which originally gained it from US Rubber. In past few years, there has been a series of acquisition including the acquisition of the advanced composite business of Cobham plc by Meggitt PLC, acquisition of GKN Aerospace by Melrose Industries, and acquisition of Zodiac Aerospace by Safran SA.

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Segment Analysis

Based on the aircraft type, the market is segmented as military aircraft and civil aircraft. Military aircraft is likely to remain the dominant segment of the market during the forecast period. Both military fixed-wing and rotorcraft are likely to generate sizeable opportunities for the market participants in the coming five years. There is a growing interest among defense communities for the development of efficient fuel containment that substantially mitigates aircraft vulnerability.

Based on the component type, the market is segmented as composite containment and flexible fuel bladder. Composite containment is projected to remain the most dominant component type in the aircraft fuel containment market over the next five years. Rubber-coated fabric is the major type of material used in such containments. The demand for flexible fuel bladders is largely driven by the military aircraft segment, which generally has such types of fuel containment. Meggitt, Safran SA, and GKN Aerospace are leading players, supplying fuel bladders.

Based on the material type, the market is segmented as rubber-coated fabric, polyurethane-coated fabrics, and others. Excellent resistance to petroleum fluids and chemicals, superior heat resistance, and high strength-to-weight ratio are some key factors that have led to the mass adoption of rubber-coated fabrics in the aircraft fuel containment market. ContiTech and Colmant Coated Fabrics are leading suppliers of rubber-coated fabrics for aircraft fuel containments.

In terms of regions, North America is projected to remain the largest market for aircraft fuel containment during the forecast period, largely driven by massive demand from defense organizations such as U.S. Department of Defense (DoD) and Defense Logistics Agency (DLA). Asia-Pacific currently represents a relatively small market opportunity; however, is subjected to grow at a handsome rate in the coming years, largely driven by China. China is projected to add an additional growth propulsion engine to the global demand for fuel containments.

Key Players:

Key players operating in the global Aircraft Fuel Containment market are-

  • Meggitt PLC
  • Safran SA
  • GKN Aerospace
  • Marshall Aerospace
  • Amfuel
  • Floats & Fuel Cell Inc.

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.

The Aircraft Fuel Containment analysis report discusses the following heads in great detail:

  • 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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