Market Overview:
The global aircraft fuel tank sealant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aircrafts across the globe and rising number of air passengers. In addition, increase in air travel and rise in disposable income are also some of the factors that are expected to drive the growth of this market during the forecast period. The global aircraft fuel tank sealant market is segmented on basis of type, application and region. On basis of type, polysulfide sealants account for a major share in terms of revenue followed by polythioether sealants and silicone sealants respectively. Polysulfide Sealants are used extensively as an adhesive or coating material because it has good resistance against solvents, oils & fuels making it ideal for use as a fuel tank liner or adhesive seals between metal parts where corrosion may occur due to contact with aviation gasoline (AVGAS). Silicone Sealants have high thermal stability which makes them resistant against extreme temperatures encountered within an aircraft’s engine bay; they also form strong bonds with substrates such as metals & plastics making them suitable for use as fuel tank seals. On basis on application, OEM accounts for majority share in terms revenue followed by MRO applications respectively .
Product Definition:
Aircraft fuel tank sealant is a viscous, rubbery material that is used to seal the seams and joints of an aircraft's fuel tanks. This sealant helps to prevent the escape of fuel from the tanks, and also helps to protect against corrosion.
Polysulfide Sealants:
Polysulfide sealants are synthetic compounds that are widely used in the aerospace industry for various applications such as primary and secondary fuel seals. They offer superior sealing properties, high resistance to oxidation and have a low coefficient of friction.
The global polysulfide sealants market is expected to witness significant growth over the forecast period owing to its increasing demand from key end-use industries including aerospace & defense, automotive, construction chemicals among others.
Polythioether Sealants:
Polythioether sealants are a group of synthetic rubber-like compounds that are manufactured for application in high-temperature applications. Polythioethers have low compression set and good adhesion properties to various substrates. They also have good resistance to fuel, oil, and chemicals. These factors make them suitable for use in aircraft fuel tank sealant market as well as other industrial applications such as heat transfer fluids, chemical processing industry etc.
Application Insights:
OEM application dominated the global aircraft fuel tank sealant market, accounting for over 60% of the overall revenue in 2017. The high share is attributable to factors such as extensive use of OEM components and a large number of replacement & refurbishment activities carried out on account of growing age profile fleet across the globe. In addition, stringent government regulations that mandate usage of original equipment manufacturers (OEM) parts are also expected to drive demand over the forecast period.
MRO segment is projected to register significant growth rate owing to rising demand for repair & maintenance services on account of increasing reliability expectations from operators across various regions including Asia Pacific and Middle East & Africa. MROs have been focusing on offering customized products based on specific requirements from operators which has resulted in increased product adoption by MROs globally over recent years.
Regional Analysis:
Asia Pacific is expected to register the highest CAGR of XX% over the forecast period, owing to rapid growth in commercial aviation across emerging economies such as China and India. The presence of a large number of aircraft manufacturers in these countries coupled with growing passenger traffic are likely to drive demand for new aircraft, thereby driving sealant consumption over the forecast period.
Europe was estimated to be the second-largest market for aircraft fuel tank sealants in 2016 and is anticipated to witness moderate growth over the next eight years due its well-established aerospace industry base.
North America accounted for more than 25% share of global revenue in 2016 owing to high usage rates on account of extensive R&D activities related towards improving fuel efficiency associated with aviation sector across U.S.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers travelling for both business and leisure purposes. This is expected to drive the demand for aircraft fuel tank sealant in the coming years.
- Technological advancements in aircraft manufacturing: Aircraft manufacturers are constantly investing in new technologies to improve the performance and efficiency of their planes. This is likely to result in an increase in the demand for aircraft fuel tank sealant over the next few years.
- Stringent safety regulations: Airlines are increasingly becoming aware of the importance of adhering to stringent safety regulations, as this can help them avoid any major accidents or incidents that could tarnish their reputation. As a result, they are increasingly opting for aircraft fuel tank sealants that meet all regulatory requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Fuel Tank Sealant Market Research Report
By Type
Polysulfide Sealants, Polythioether Sealants, Silicone Sealants, Others
By Application
OEM, MRO
By Companies
PPG Industries, 3M, Flamemaster, Chemetall, HB Fuller, Dow, Henkel, Permatex, Master Bond, Solvay, AVIC
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Fuel Tank Sealant Market Report Segments:
The global Aircraft Fuel Tank Sealant market is segmented on the basis of:
Types
Polysulfide Sealants, Polythioether Sealants, Silicone Sealants, 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
OEM, MRO
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
- 3M
- Flamemaster
- Chemetall
- HB Fuller
- Dow
- Henkel
- Permatex
- Master Bond
- Solvay
- AVIC
Highlights of The Aircraft Fuel Tank Sealant 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:
- Polysulfide Sealants
- Polythioether Sealants
- Silicone Sealants
- Others
- By Application:
- OEM
- MRO
- 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 Aircraft Fuel Tank Sealant 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.
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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?
Aircraft fuel tank sealant is a type of sealant used to protect aircraft fuel tanks from water, air and other contaminants. It is typically a thick, black or brown liquid that is applied to the top and sides of an aircraft fuel tank. Aircraft fuel tank sealant helps keep the tank sealed against leaks, which can lead to contamination and possible fire.
Some of the major companies in the aircraft fuel tank sealant market are PPG Industries, 3M, Flamemaster, Chemetall, HB Fuller, Dow, Henkel, Permatex, Master Bond, Solvay, AVIC.
The aircraft fuel tank sealant 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 Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size & Forecast, 2018-2028
4.5.1 Aircraft Fuel Tank Sealant Market Size and Y-o-Y Growth
4.5.2 Aircraft Fuel Tank Sealant Market Absolute $ Opportunity
Chapter 5 Global Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Type
5.2.1 Polysulfide Sealants
5.2.2 Polythioether Sealants
5.2.3 Silicone Sealants
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Applications
6.2.1 OEM
6.2.2 MRO
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Type
9.6.1 Polysulfide Sealants
9.6.2 Polythioether Sealants
9.6.3 Silicone Sealants
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 Aircraft Fuel Tank Sealant Market Size Forecast by Applications
9.10.1 OEM
9.10.2 MRO
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 Aircraft Fuel Tank Sealant Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Type
10.6.1 Polysulfide Sealants
10.6.2 Polythioether Sealants
10.6.3 Silicone Sealants
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 Aircraft Fuel Tank Sealant Market Size Forecast by Applications
10.10.1 OEM
10.10.2 MRO
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 Aircraft Fuel Tank Sealant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Type
11.6.1 Polysulfide Sealants
11.6.2 Polythioether Sealants
11.6.3 Silicone Sealants
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 Aircraft Fuel Tank Sealant Market Size Forecast by Applications
11.10.1 OEM
11.10.2 MRO
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 Aircraft Fuel Tank Sealant Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Fuel Tank Sealant 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 Aircraft Fuel Tank Sealant Market Size Forecast by Type
12.6.1 Polysulfide Sealants
12.6.2 Polythioether Sealants
12.6.3 Silicone Sealants
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 Aircraft Fuel Tank Sealant Market Size Forecast by Applications
12.10.1 OEM
12.10.2 MRO
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) Aircraft Fuel Tank Sealant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Fuel Tank Sealant 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) Aircraft Fuel Tank Sealant Market Size Forecast by Type
13.6.1 Polysulfide Sealants
13.6.2 Polythioether Sealants
13.6.3 Silicone Sealants
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) Aircraft Fuel Tank Sealant Market Size Forecast by Applications
13.10.1 OEM
13.10.2 MRO
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 Aircraft Fuel Tank Sealant Market: Competitive Dashboard
14.2 Global Aircraft Fuel Tank Sealant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 3M
14.3.3 Flamemaster
14.3.4 Chemetall
14.3.5 HB Fuller
14.3.6 Dow
14.3.7 Henkel
14.3.8 Permatex
14.3.9 Master Bond
14.3.10 Solvay
14.3.11 AVIC
