The ‘Global Aerospace Adhesives and Sealants Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global aerospace adhesives and sealants market, assessing the market on the basis of its segments like types, technologies, user types, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Aerospace Adhesives and Sealants Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Around USD 1.15 Billion
• Forecast CAGR (2023-2028): 5.80%
• Forecast Market Size (2028): Nearly USD 1.6 Billion
A major factor driving the global aerospace adhesives and sealants market is the growing usage of epoxy resin in aircraft. Properties like low shrinkage and excellent sealing make epoxy resin suitable for bonding structural components of aircraft like cargo liners, composite fairings, landing gear doors, and control bases in wing flaps and tips. These adhesives are also used in ACs, displays, lights, cockpit doors, and electronic items, among others. Furthermore, epoxy resin provides increased resistance in extreme weather conditions like harsh temperatures, high moisture, and UV rays, boosting its usage in the manufacturing of aircraft components.
The growth of the aerospace sector is another factor that aids the global aerospace adhesives and sealants market. Adhesives and sealants are essential for the interior panelling of aircraft and enhancing its overall structural stability and performance. Moreover, technological advancements in the aerospace field are leading to the development of new adhesive materials that can support high-performance aircraft components. Manufacturers are also increasingly attempting to develop advanced sealants and adhesives that comply with strict safety regulations and protocols regarding smoke emission, and flame resistance, among others.
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The commercial sector occupies a significant share in the aerospace adhesives and sealants market amid the growing popularity of air travel and the increasing production of commercial aircraft. Furthermore, the growing affordability of air travel is expected to surge the number of air travellers, consequently driving the market demand.
The development of adhesives that can enhance the flexibility of aircraft while boosting its efficiency and performance is aiding the market. Such adhesives are increasingly preferred by manufacturers to improve their efficiency and develop fuel-efficient, lightweight, and safe aircraft.
Aerospace Adhesives and Sealants Industry Definition and Major Segments
Aerospace adhesives and sealants are specific types of adhesives used to reinforce and seal the interior, exterior, and engine compartment of an aircraft. Adhesives are used to connect different components whereas sealants provide optimal sealing to facilitate structural integrity. They play an important role in enhancing the safety of aircraft and ensuring its compliance with stringent safety regulations and standards.
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On the basis of type, the market is classified into:
o By Type
o By Type
Based on technology, the market is segmented into:
On the basis of user type, the market is categorised into:
Based on end use, the market is classified into:
• General Aviation
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Aerospace Adhesives and Sealants Market Trends
A key trend propelling the growth of the global aerospace adhesives and sealants market is the increasing affordability of airfares, which have increased the air traffic in the recent years. This, in turn, has surged the usage of adhesive and sealants in passenger aircraft. Additionally, airlines are seeking to reduce their operational and maintenance costs, which further surges the requirement for cost-effective sealants and adhesives.
Improvements in composite structures and properties are another aerospace adhesives and sealants market trends. This is pushing sealing and adhesive manufacturers to develop products with features like light protection technology, better durability, and increased reliability. Furthermore, the rising popularity of recyclable adhesives and sealants with reduced volatile organic compounds due to increased environmental awareness also contributes to the market expansion.
The increased composite usage in aircraft structures is expected to influence the global aerospace adhesives and sealants market. Composites are lightweight and have excellent corrosion resistance and strength, which makes them viable in improving the fuel efficiency and reducing the energy consumption of aircraft. Their effectiveness in reducing the carbon footprint is expected to bolster the demand for adhesives to facilitate effective bonds between sub-components of composites.
North America holds a substantial share in the global aerospace adhesives and sealants market owing to the growing export of aerospace components, along with an increase in the number of military aircraft. Advancements in aerospace technologies are expected to further enhance functionalities of aircraft components, driving the demand for high-performance sealants and adhesives in the forecast period.
Meanwhile, the Asia Pacific is expected to witness considerable growth in the forecast period due to an increase in air traffic. The economic growth of the region, coupled with increasing investments by governments in military aircraft, is also driving the market. Additionally, the development of low-cost carriers to boost the accessibility of air travel is likely to fuel the market in the coming years.
Key Market Players
The major players in the global aerospace adhesives and sealants market report are
• 3M Company
• Henkel AG & Co. KGaA
• Huntsman International LLC
• PPG Industries, Inc.
• Solvay S.A.
• H.B. Fuller Company
• Arkema Group (Bostik SA)
• Avery Dennison Corporation
• Beacon Adhesives, Inc
• Master Bond Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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