Market Overview:
The global aerospace adhesive and sealants market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military aircraft, rising air passenger traffic, and growing adoption of composites in aircraft manufacturing. In terms of type, epoxy adhesive is expected to lead the market during the forecast period owing to its high bonding strength and resistance against heat and chemicals. In terms of application, commercial aviation is projected to be the fastest-growing segment during the forecast period owing to increasing demand for new aircrafts across different regions.
Product Definition:
Aerospace adhesive and sealants are products that are used to join or seal two or more surfaces together in an aerospace application. They can be used to bond metal, plastic, and composites together, as well as to seal joints and seams against the intrusion of air, water, or other fluids. Aerospace adhesive and sealants play an important role in the construction of aircraft and spacecraft by ensuring that components are securely joined and sealed against the environment.
Epoxy:
Epoxy is a thermosetting polymer, which contains carbon-carbon double bonds in the main chain. These polymers are highly cross-linking and heat resistant. Epoxy resins are used as adhesives for composites and metals, as sealants for aerospace applications due to their high strength along with excellent resistance to extreme temperature & UV light.
The global epoxy adhesive & sealant market size was valued at USD 6,700 million in 2016.
Silicone:
Silicone is a widely used material in aerospace adhesive and sealants industry. It is a versatile, durable, lightweight polymer that offers exceptional resistance to chemicals and high temperatures. It also has the ability to withstand extreme pressure along with being easily sterilized. These properties have made silicone an ideal material for use in industries such as aviation, automotive & transportation, medical equipment and electronics among others.
Application Insights:
The general aviation application segment led the market and accounted for more than 35.0% share of the overall revenue in 2017. The growth can be attributed to increasing demand for general aviation aircraft from emerging economies such as India, Brazil, and China owing to low ownership rate and high disposable income. General aviation includes small business aircraft (SBA) as well as commercial aircraft used by lessors or leasing companies on a short-term basis for business travel or tourism purposes.
Commercial airliners are expected to witness significant growth over the forecast period due to rising passenger traffic coupled with an increase in order bookings from major airlines including American Airlines Group Inc., British Airways PLC, Air France KLM Group), Delta Air Lines Inc., Finnair Corporation, Alitalia SpA), etc. Furthermore, rapid expansion of airports across emerging countries is anticipated to boost product demand in near future.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the presence of a large number of aircraft manufacturing companies, such as Boeing and Lockheed Martin. The region is expected to maintain its lead throughout the forecast period due to increasing demand from general aviation and military applications.
Asia Pacific is anticipated to witness significant growth over the coming years owing to rapid development in commercial aerospace activities across emerging economies, such as India, China, Indonesia & Malaysia. In addition, rising disposable income levels are likely boost product demand across all application sectors including military & defense industry.
Europe was estimated at USD X million in 2017 and is projecteded grow at a CAGR of XX% during the forecast period on account of growing investments by manufacturers for production facilities with advanced machinery & equipment suitable for high-quality products with reduced prices thus attracting new market players into this regional space will drive growth further through 2030 .- Arup Group Plc.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient aircrafts is expected to drive the growth of aerospace adhesive and sealants market.
- Rising air passenger traffic across the globe is also anticipated to boost the demand for aerospace adhesive and sealants in the coming years.
- Proliferation of new aircraft models by leading airplane manufacturers is also projected to propel the growth of this market in near future.
- Stringent environmental regulations pertaining to emissions from aircraft are likely to create opportunities for advanced aerospace adhesive and sealants products in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Adhesive & Sealants Market Research Report
By Type
Epoxy, Silicone, PU, Others
By Application
Commercial Aviation, Military Aviation, General Aviation
By Companies
PPG Industries, M, Flamemaster, Chemetall, Royal Adhesives & Sealants, Dow Corning, Henkel, Permatex, Master Bond, Cytec Solvay Group, PPG Industries, Beacon Adhesives Inc., Hexcel Corporation, Huntsman Corporation, United Resin Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Adhesive & Sealants Market Report Segments:
The global Aerospace Adhesive & Sealants market is segmented on the basis of:
Types
Epoxy, Silicone, PU, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aviation, Military Aviation, General Aviation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- M
- Flamemaster
- Chemetall
- Royal Adhesives & Sealants
- Dow Corning
- Henkel
- Permatex
- Master Bond
- Cytec Solvay Group
- PPG Industries
- Beacon Adhesives Inc.
- Hexcel Corporation
- Huntsman Corporation
- United Resin Corporation
Highlights of The Aerospace Adhesive & Sealants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy
- Silicone
- PU
- Others
- By Application:
- Commercial Aviation
- Military Aviation
- General Aviation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Adhesive & Sealants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace adhesive & sealants are a type of adhesives and sealants used in the aerospace industry. They are designed to resist high temperatures and humidity, as well as chemicals and water. Aerospace adhesive & sealants can be used to attach parts together, protect surfaces from moisture damage, or create a barrier against air leakage.
Some of the major players in the aerospace adhesive & sealants market are PPG Industries, M, Flamemaster, Chemetall, Royal Adhesives & Sealants, Dow Corning, Henkel, Permatex, Master Bond, Cytec Solvay Group, PPG Industries, Beacon Adhesives Inc., Hexcel Corporation, Huntsman Corporation, United Resin Corporation.
The aerospace adhesive & sealants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Adhesive & Sealants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Adhesive & Sealants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Adhesive & Sealants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Adhesive & Sealants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Adhesive & Sealants Market Size & Forecast, 2020-2028
4.5.1 Aerospace Adhesive & Sealants Market Size and Y-o-Y Growth
4.5.2 Aerospace Adhesive & Sealants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Epoxy
5.2.2 Silicone
5.2.3 PU
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Aviation
6.2.2 Military Aviation
6.2.3 General Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Adhesive & Sealants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Adhesive & Sealants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Epoxy
9.6.2 Silicone
9.6.3 PU
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Aviation
9.10.2 Military Aviation
9.10.3 General Aviation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Epoxy
10.6.2 Silicone
10.6.3 PU
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Aviation
10.10.2 Military Aviation
10.10.3 General Aviation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Epoxy
11.6.2 Silicone
11.6.3 PU
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Aviation
11.10.2 Military Aviation
11.10.3 General Aviation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Epoxy
12.6.2 Silicone
12.6.3 PU
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Aviation
12.10.2 Military Aviation
12.10.3 General Aviation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Epoxy
13.6.2 Silicone
13.6.3 PU
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Aviation
13.10.2 Military Aviation
13.10.3 General Aviation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Adhesive & Sealants Market: Competitive Dashboard
14.2 Global Aerospace Adhesive & Sealants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 M
14.3.3 Flamemaster
14.3.4 Chemetall
14.3.5 Royal Adhesives & Sealants
14.3.6 Dow Corning
14.3.7 Henkel
14.3.8 Permatex
14.3.9 Master Bond
14.3.10 Cytec Solvay Group
14.3.11 PPG Industries
14.3.12 Beacon Adhesives Inc.
14.3.13 Hexcel Corporation
14.3.14 Huntsman Corporation
14.3.15 United Resin Corporation
