The Aerospace Adhesive and Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The aerospace adhesive and sealant market is witnessing increased investment in research and development of advanced products to meet the rising demand from the expanding aircraft and aerospace component manufacturing industry. Aerospace adhesive and sealant are extensively used across manufacturing of aircraft component, primarily the structural components. The manufacturing of internal components of an aircraft such as thread-lockers, hydraulic thread systems, and retaining compounds requires high quality of adhesives and sealants to incorporate desired strength. The aerospace adhesives and sealants are also used in the manufacturing of door panels, door moldings, wing spars, and so on, and thus are witnessing increased demand across the globe. With increased adoption of composite materials in manufacturing of aircrafts and components, the demand for aerospace adhesives and sealants is anticipated to grow significantly during the forecast period.
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High compression strength and high coefficient of thermal expansion delivered by epoxy based adhesives and sealants to drive the growth of market
The global aerospace adhesive and sealant market is segmented on the basis of product type, resin type, technology, application, end user, and geography. Based on resin type, the global aerospace adhesive and sealant market is segmented into epoxy, silicone, polyurethane, polysulfide, and others. The epoxy resin contributed the largest share to the global aerospace adhesive and sealant market in 2019 owing to increased demand for multiple applications such as composite ribs, wing skins, sandwich panels, and other carbon composite substrates. The epoxy resin based adhesives and sealants offer low elongation to fracture, high compressive strength, and high coefficient of thermal expansion, thus finds applications across aerospace applications.
Growth in commercial aircraft deliveries to drive the growth of the global aerospace adhesives and sealant market
Based on application, the global aerospace adhesive and sealant market is segmented into commercial aviation, military aviation, general aviation, and others. The commercial aviation segment contributed a dominating share to the global market in 2019 and is anticipated to be a dominating segment throughout the forecast period owing to rapid growth of air traffic and increased demand for commercial aircrafts across the globe. Declining air fare and increased per capita income has resulted in increased air passenger movement across developing countries, thereby contributing towards the rise in commercial aircraft deliveries. The military aviation held a prominent share of the global aerospace adhesive and sealant market in 2019 owing to increased investment in development of advanced aircrafts and strong demand from MRO applications across the globe.
Based on geography, the global aerospace adhesive and sealant market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed a dominating share to the global market in 2019 owing to increased demand form military aviation and increased spending on space exploration activities across the United States. Asia Pacific is expected to be the fastest growing segment during the forecast period owing to increased deliveries for commercial aircrafts and increased spending on strengthening military strength across the major countries such as China, India, and Japan.
Major players active in the global aerospace adhesive and sealant market include 3M, Beacon Adhesives, Inc., Bostik (an Arkema Company), DELO Industrie Klebstoffe GmbH & Co. KGaA, DuPont de Nemours, Inc., Dymax Corporation, General Sealants Inc, H.B. Fuller Company, Henkel AG & Company, KGaA, HERNON MANUFACTURING INC., Hexcel Corporation, Huntsman Corporation, Hylomar, Illinois Tool Works Inc., IPS Corporation, L&L Products, Inc., Lord Corporation, Master Bond Inc., Permabond LLC, PPG Industries, Inc., Reynolds Co., Sika AG, Solvay (Cytec Industries Incorporated), and Uniseal, Inc.
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