The worldwide aerospace adhesives and sealants market is predicted to reach USD 1,007.9 million by 2028, with a compound annual rate of 5.3% between 2023-2028 The escalating penetration of compounds in aircraft and the increase in shipments of Airplanes are escalating the call for aerospace adhesives and sealants. One of the main trends in the worldwide aerospace adhesives and sealants market is the increase in R&D activities. The market is experiencing rapid development of bioadhesives, a natural polymeric material made from 100% renewable plant or animal resources.
It is also true that the aerospace industry is characterized by the presence of several sub-industries that collectively contribute to the advancement of a healthy aerospace sector. Due to the aforementioned factors, the worldwide market call for aerospace adhesives and sealants is predicted to reach new highs in the coming years. Furthermore, the governments of various countries have aligned themselves with the aerospace sector in their respective regions, as expansion within this industry is a key parameter in determining national expansion. It is extremely important for the aerospace industry to use high-quality, strong, durable adhesives to ensure aerospace equipment operates at maximum efficiency without spillage or incident.
The call in the world market for aerospace adhesives and sealants has escalated due to the importance of the aerospace sector for the national economy of the countries. The aerospace industry has been at the forefront of national expansion and has attracted the interest of many stakeholders and investors over the past decades. Even the smallest operations in the aerospace industry must be performed with incredible precision and thoroughness to build safe and reliable aerospace equipment.
The aerospace industry in various regions has captured the attention of major nationally recognized players and investors over the past decades. This is due to the fact that the aerospace industry offers the most lucrative expansion prospects among all other industries and sectors. This factor has driven the expansion of the worldwide aerospace adhesives and sealants market in recent times. In addition, various aerospace equipment is manufactured with specialized materials, so it is necessary to have high-quality adhesives during assembly. This factor has also affected the expansion of the worldwide aerospace adhesives and sealants market. To increase vehicle fuel efficiency by emphasizing lightness, aircraft manufacturers are adopting more composite components in the assembly. In addition, the increase in worldwide aircraft production is another important factor for the expansion of the aerospace adhesives and sealants market. The production of aeronautical vehicles is mainly driven by the escalating expansion of air traffic in emerging countries and escalating urbanization in emerging countries such as China and India.
Strict government regulations regarding VOC emissions from adhesives can hamper market expansion. High-performance aerospace adhesives and sealants contain a high VOC content. Due to escalating environmental regulations in the transportation industry by governments around the world, OEMs are calling for green components. Escalated government regulation like this is predicted to slow market expansion during the foreseen period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
5.3% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Huntsman International LLC., Bostik (Arkema S.A.), Dow, H.B. Fuller Company, Hexcel Corporation, Royal Adhesives & Sealants, Master Bond Inc, AVERY DENNISON CORPORATION, Delo, Permabond LLC, Hernon Manufacturing Inc, United Resin Corporation, Dymax Corporation, Lord Corporation, Hybond, Parson Adhesives Inc, Hylomar Limited, Quin Global. |
National governments in various regions are responsible for ensuring the safety of flights and other air operations. For this reason, governments have set specific standards for the development of a strong aerospace industry around the world. This factor has also driven the expansion of the worldwide aerospace adhesives and sealants market. Strong consumer calls for commercial aircraft may drive market expansion. The strong adaptability of aerospace adhesives to increase the fuel efficiency of vehicles with an emphasis on lightness may present an opportunity for manufacturers. Adhesives for high-temperature applications are predicted to offer many opportunities to market suppliers. Some epoxy-based adhesives can be employed in high-temperature applications. Manufacturers are employed on developing new products capable of preserving their properties at high temperatures. In the development of these products, properties such as resistance to shocks and vibrations, as well as thermal contraction and expansion, are taken into account.
Escalated investment in aerospace adhesives and sealants research and development can be a major challenge for many manufacturers. Additionally, the higher cost of research and development of aerospace adhesives and sealants that meet OEM specifications is another major limitation in the market.
By Resin Type:
By resin type, the epoxy segment dominates the aerospace adhesive and sealant market and is also predicted to experience the highest CAGR between 2021 and 2026. It contains liquid reactive polymers and provides outstanding protection against severe corrosive environments.
By Technology:
Commercial
Military
General aviation
In 2017, the commercial aircraft segment accounted for the largest market share, in value, followed by the military and general aviation segments. In the APAC region, the aerospace sealants and adhesives market is driven by a growing call for air travel in countries such as China and India.
Asia Pacific (APAC) offers a market opportunity for the aerospace adhesives-sealants market due to the high availability of raw materials and the high manufacturing units of adhesive manufacturers, especially in China, Japan, and India. Asia-Pacific is estimated to be one of the largest and fastest-growing markets in the worldwide aerospace adhesives and sealants market. Escalating urbanization and rising incomes are driving market calls in the region. North America and Western Europe are considered relatively mature markets. The Middle East and Africa market is estimated to represent a smaller share of the world market due to its low share of total aircraft production in the region. Europe is considered one of the largest automobile manufacturers in the world and a key employer for the population. The implementation of the support policies of the European Commission for the regional automotive sector aims to establish the internal market, the protection and safety of the environment, stable conditions of competition, and strengthen competition.
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