According to the latest report by IMARC Group, “Global Aerospace Adhesives Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global aerospace adhesives market reached a value of US$ 617.39 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 859.06 Million by 2027, exhibiting a CAGR of 5.22% during 2022-2027.
Aerospace adhesives represent the substances that are used for structural sealant purposes in the interior, exterior, engine compartment, and other components of aircraft, including transducer seals, fuel assemblies, electronic assemblies, metal and fiber composites, antennas, optical sensors, etc. They provide several benefits, such as resistance to cyclic fatigue, superior durability and toughness, exceptional compressive strength, high glass transition temperature, etc. In addition to this, these adhesives protect against corrosion, enhance aerodynamics, deliver smooth contours, save time, lower weight, minimize costs, etc. Presently, some of the commonly utilized substrates for aerospace adhesive bonding are aluminum, wood, titanium, stainless steel, and composite materials, including fiber-reinforced plastic (FRP) laminates, bonded sandwich structures, fiber metal laminates (FML), etc.
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Market Trends:
The inflating need for improving the performance of aircraft structures to ensure safe and reliable air travel is primarily driving the aerospace adhesives market. Additionally, the growing investments by government bodies across the countries in the modernization of military aircraft are propelling the demand for customized aerospace adhesives with exceptional characteristics.
This, in turn, is catalyzing the market growth. Moreover, the shifting consumer preferences from mechanical fasteners, including bolts and screws, towards aerospace adhesives to maintain structural integrity and achieve specific aesthetic design or functional benefits are also acting as significant growth-inducing factors.
Apart from this, numerous leading manufacturers are introducing innovative grades of product variants that offer excellent flexibility as well as strength to advanced composites and coatings, which is anticipated to fuel the aerospace adhesives market over the forecasted period.
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List of Key Companies Covered in this Market Report:
3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman Corporation, Adhetec, Arkema S.A., Hybond Technology Group Limited, Hylomar Ltd., Illinois Tool Works Inc, L&L Products, Permabond LLC and PPG Industries Inc.
Key Market Segmentation:
The report has segmented the market on the basis of resin type, technology, function type, end use and region.
Breakup by Resin Type:
- Epoxy
- Polyurethane
- Silicone
- Others
Breakup by Technology:
- Waterborne
- Solvent-Borne
- Reactive
Breakup by Function Type:
- Structural
- Non-Structural
Breakup by End Use:
- Original Equipment Manufacturer (OEM)
- Maintenance Repair and Operations (MRO)
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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