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Pulished Date April, 2021
ID: 8485
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Aerospace Adhesive and Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-use Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2021–2026)

Pulished: April, 2021
ID: 8485
Pages: 170

Aerospace Adhesive and Sealants Market Value and Growth Analysis (2021-2026):

The worldwide aerospace adhesives and sealants market is predicted to reach USD 1,007.9 million by 2026, with a compound annual rate of 5.3% between 2021 and 2026. 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.

Aerospace Adhesive and Sealants Market Trends:

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.

Recent Developments in the Aerospace Adhesive and Sealants Market:

  • Ciba has just introduced a latest Internet channel dedicated to the field of adhesives and sealants. The Adhesives and Sealants website provides direct access to Ciba's entire industry offering, including product information, product recommendations, and key technology information.
  • NEW DELHI: Henkel Anand, a joint venture between the Indian Anand Group and Germany-based Henkel, is about to double its production capacity by establishing India's largest sealants and adhesives factory at Kurkumbh in Pune. a senior company official told ETAuto in an exclusive interview.

Aerospace Adhesive and Sealants Market Drivers:

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, the 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 escalatingexpansion of air traffic in emerging countries and escalating urbanization in emerging countries such as China and India.

Aerospace Adhesive and Sealants Market Restraints:

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 green components. Escalated government regulation like this is predicted to slow market expansion during the foreseen period.

Opportunities in the Aerospace Adhesive and Sealants Market:

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 call for commercial aircraft may drive market expansion. The strong adoptability 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 focemployed 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.

Challenges in the Aerospace Adhesive and Sealants Market:

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.

Aerospace Adhesive and Sealants Market Segmentation:

By resin type:

  • Epoxy
  • Silicone
  • PU

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:

  • Solvent-based
  • Water-based

By end use industry:

  • 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 growing call for air travel in countries such as China and India.

Aerospace Adhesive and Sealants Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

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 call in the region. North America and Western Europe are considered a relatively mature market. 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.

Aerospace Adhesive and Sealants Market Key Players:

The major players covered in the aerospace adhesive - sealants market report are 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, L&L Products. among other domestic and global players.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Resin Type                  

                                5.1.1 Introduction           

                                5.1.2 Epoxy        

                                5.1.3 Silicone     

                                5.1.4 PU              

                                5.1.5 Y-o-Y Growth Analysis, By Resin Type         

                                5.1.6 Market Attractiveness Analysis, By Resin Type       

                                5.1.7 Market Share Analysis, By Resin Type         

                5.2 Technology                 

                                5.2.1 Introduction           

                                5.2.2 Solvent-based       

                                5.2.3 Water-based          

                                5.2.4 Y-o-Y Growth Analysis, By Technology        

                                5.2.5 Market Attractiveness Analysis, By Technology      

                                5.2.6 Market Share Analysis, By Technology        

                5.3 End-use Industry                     

                                5.3.1 Introduction           

                                5.3.2 Commercial            

                                5.3.3 Military     

                                5.3.4 General Aviation  

                                5.3.5 Y-o-Y Growth Analysis, By End-use Industry             

                                5.3.6 Market Attractiveness Analysis, By End-use Industry           

                                5.3.7 Market Share Analysis, By End-use Industry            

                5.4 User Type                   

                                5.4.1 Introduction           

                                5.4.2 OEM          

                                5.4.3 MRO          

                                5.3.4 Y-o-Y Growth Analysis, By User Type           

                                5.3.5 Market Attractiveness Analysis, By User Type         

                                5.3.6 Market Share Analysis, By User Type          

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Resin Type

                                                6.1.3.3 By Technology

                                                6.1.3.4 By End-use Industry

                                                6.1.3.5 By User Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Resin Type

                                                6.1.4.3 By Technology

                                                6.1.4.4 By End-use Industry

                                                6.1.4.5 By User Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Resin Type

                                                6.1.5.3 By Technology

                                                6.1.5.4 By End-use Industry

                                                6.1.5.5 By User Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 3M                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 The Dow Chemical Company                              

                8.3 Henkel AG & Co. KGaA                          

                8.4 Huntsman International LLC.                               

                8.5 H.B. Fuller                   

                8.6 PPG Industries Inc.                  

                8.7 Beacon Adhesives                   

                8.8 Solvay Group                             

                8.9 BASF SE                        

                8.10 Cytec Industries Inc.                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by resin type,by end user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aerospace Adhesive & Sealants  Market By Region, From 2021-2026 ( USD Million )
  2. Global Aerospace Adhesive & Sealants  Market By Resin Type, From 2021-2026 ( USD Million )
  3. Global Epoxy Market By Region, From 2021-2026 ( USD Million )
  4. Global Silicone Market By Region, From 2021-2026 ( USD Million )
  5. Global PU Market By Region, From 2021-2026 ( USD Million )
  6. Global Aerospace Adhesive & Sealants  Market By Technology, From 2021-2026 ( USD Million )
  7. Global Solvent-based Market By Region, From 2021-2026 ( USD Million )
  8. Global Water-based Market By Region, From 2021-2026 ( USD Million )
  9. Global Aerospace Adhesive & Sealants  Market By End-use Industry, From 2021-2026 ( USD Million )
  10. Global Commercial Market By Region, From 2021-2026 ( USD Million )
  11. Global Military Market By Region, From 2021-2026 ( USD Million )
  12. Global General Aviation Market By Region, From 2021-2026 ( USD Million )
  13. Global Aerospace Adhesive & Sealants  Market By User Type, From 2021-2026 ( USD Million )
  14. Global OEM Market By Region, From 2021-2026 ( USD Million )
  15. Global MRO Market By Region, From 2021-2026 ( USD Million )

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