- Increasing investment by governments and private organizations is boosting demand.
- High costs associated with research & development are expected to hamper growth.
- Increasing use of aerospace adhesives & sealants in various end-user industries is further driving growth.
The Global Aerospace Adhesives & Sealants Market was assessed at The First Five-Year Cumulative Revenue (2017-2021) Of This Segment Is Projected To Be $10.9 billion, and growing at a CAGR of 5.40% during the forecast period 2017-2026 according to the market research report, Global Aerospace Adhesives & Sealants Market: Size, Opportunity, Share, Trends, Growth, Risks & Forecast 2017-2026.
The study provides an in-depth analysis of the Aerospace Adhesives & Sealants Market for the past years, and the forecast period, 2017-2026. It comprises the market dynamics, market size, Aerospace Adhesives & Sealants market share, Porters study, latest trends, key segments, and Aerospace Adhesives & Sealants company profiles. The information included in the Aerospace Adhesives & Sealants report is a result of comprehensive market research and important opinions from Aerospace Adhesives & Sealants industry professionals. Research methodology is served in the Aerospace Adhesives & Sealants analysis to focus on the methodologies used to gather and validate Aerospace Adhesives & Sealants information.
Aerospace adhesives and sealants are specialized materials that are used in manufacture and maintenance of aircraft. These materials are essential components of an aircraft manufacturing process as they are often exposed to high-temperatures and high-pressure gradients during flights. Aerospace adhesives and sealants are primarily used in the aerospace industry for applications such as waterproofing, filling, bonding, and sealing. Common types of adhesives extensively used in aircraft manufacturing and maintenance processes include Epoxy and polyurethane adhesives.
Global Aerospace Adhesives and Sealants Market Dynamics:
Increasing investment by governments and private organizations in the aerospace and defense industry, especially for development of newer and advanced aircraft is boosting demand for advanced aerospace adhesives and sealants which is a major factor driving growth of the global aerospace adhesives and sealants market. In addition, rising demand for commercial and private aircraft in developed economies is another major factor anticipated to fuel growth of the global aerospace adhesives and sealants market over the forecast period.
Moreover, increasing preference for air-travel by individuals, especially in developing economies due to emergence of low-cost airlines and increasing disposable income are other factors expected to boost growth of the global aerospace adhesives and sealants market to a significant extent.
Analysis By Segmentation:
The epoxy segment in the global aerospace adhesives and sealants market is estimated to account for a majority revenue share of 35.5% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be $3.9 billion, compared to a moderately higher cumulative revenue total of $5.1 billion for the latter five years of the forecast period (2022–2026)
An adhesive is a substance used to stick or bond objects, parts, materials etc. Aerospace adhesives are interchangeably used for glue, fixative, cement, binder, etc., and are used to assemble dissimilar materials of heavy weights, without screws, bolts, nuts, etc. Aerospace adhesives and sealants helps to improve uniform distribution of stresses and strains across bonded joints in aircraft.
Aerospace adhesives and sealants are different from regular adhesives and sealants, as they can be exposed to high temperature and high pressure gradients. They also help in strengthening, and integrating parts of aircraft by leaving null holes, rivets, or fastening elements to weaken the structure.
Increasing use of aerospace adhesives & sealants in various end-user industries such as commercial, general aviation, and military are expected to drive growth of the global aerospace adhesives & sealants market in the near future.
However, high costs associated with research & development for product innovation, and stringent regulations for patent certification are expected to hamper growth of the global aerospace adhesives & sealants market to a certain extent over the forecast period.
Companies profiled in the report are PPG Industries Inc., 3M Company, Royal Adhesives and Sealants, Cytec Industries Inc., Huntsman Corporation, United Resin Corporation, Hexcel Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay S.A.