Overview and Scope
Adhesive and sealant used in aeronautical applications is called aerospace adhesive. These protect an airplane’s cabin, exterior, and engine area. Adhesives facilitate better stress distribution and improve aerodynamics and aesthetics while offering corrosion protection.
Sizing and Forecast
The aerospace adhesives and sealants market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rise in air travel, advancements in aircraft design, focus on fuel efficiency, increased defense spending, growing maintenance, repair, and overhaul (mro) activities.
The aerospace adhesives and sealants market size is expected to see strong growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing demand for electric aircraft, growing use of lightweight materials, global expansion of commercial aviation, rising defense and space exploration initiatives, integration of smart materials. Major trends in the forecast period include r&d investments in aerospace technologies, rapid technological advancements, advancements in nanotechnology, growing focus on automation and efficiency, increasing adoption of composite materials.
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Segmentation & Regional Insights
The aerospace adhesives and sealants market covered in this report is segmented –
1) By Type: Adhesives, Sealants
2) By Adhesive Resin: Epoxy, Polyurethane, Other Adhesive Resins
3) By Sealants Resin: Polysulfide, Silicone, Other Sealants Resins
4) By Technology: Solvent-Based, Water-Based, Other Technologies
5) By Aircraft: Commercial, Military, Other Aircrafts
North America was the largest region in the aerospace adhesives and sealants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace adhesives and sealants market report during the forecast period. The regions covered in the aerospace adhesives and sealants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising interest in air travel is expected to propel the aerospace adhesives and sealants market going forward. Air travel refers to the transportation in the sky by which people and things can be moved in the air by things like airplanes and drones. Adhesives are used in the manufacturing of air and spacecraft, including the creation of conductive circuits, wings, door moldings, interior trims, seats, and others. Sealants are used in applications such as fuel tank sealing, cabin pressurization, electrical encapsulation, windshield, and access door sealing, and form-in-place gasketing. For instance, in May 2022, according to a report released by the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations, in terms of revenue passenger kilometers total traffic in June 2022 increased by 76.2% over June 2021, principally due to a persistently strong rebound in foreign travel. Therefore, the rising interest in air travel is driving the growth of the aerospace adhesives and sealants market.
Key Industry Players
Major companies operating in the aerospace adhesives and sealants market report are H.B. Fuller Company, Henkel Corporation, Minnesota Mining and Manufacturing Company, PPG Industries Inc., Huntsman International LLC, Cytec Solvay Group, Dowdupont Inc., Bostik Inc., Lord Corporation, Hexcel Corporation, Beacon AdhesivesInc., Permabond LLC, Illinois Tool Works Inc., Dow Corning Corporation, Royal Adhesives & Sealants, Click Bond Inc., Solvay SA, Avery Dennison Corporation, DELO Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corporation, Hernon Manufacturing Inc., Hybond Inc., Hylomar Group, L&L Products Inc., Master Bond Inc., Parson Adhesives Inc., Specialty Polymers and Services Inc., Ellsworth Adhesives, UNISEAL ADHESIVES AND SEALANTS PRIVATE LIMITED, General Sealants Inc., Mactac North America LLC
The aerospace adhesives and sealants market report table of contents includes:
1. Executive Summary
- Aerospace Adhesives And Sealants Market Characteristics
- Aerospace Adhesives And Sealants Market Trends And Strategies
- Aerospace Adhesives And Sealants Market – Macro Economic Scenario
- Global Aerospace Adhesives And Sealants Market Size and Growth
.
31. Global Aerospace Adhesives And Sealants Market Competitive Benchmarking
- Global Aerospace Adhesives And Sealants Market Competitive Dashboard
- Key Mergers And Acquisitions In The Aerospace Adhesives And Sealants Market
- Aerospace Adhesives And Sealants Market Future Outlook and Potential Analysis
- Appendix
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