Aerospace Adhesive and Sealants Market

Aerospace Adhesive and Sealants Market Growth 2023-2028

The worldwide aerospace adhesives and sealants market is predicted to reach USD 39.84 million by 2029, 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

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, 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.

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

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.

OPPORTUNITIES

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.

CHALLENGES

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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Aerospace Adhesive and Sealants Market Analysis 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 2024 and 2029. It contains liquid reactive polymers and provides outstanding protection against severe corrosive environments.

Aerospace Adhesive and Sealants Market Analysis By End-Use Industry

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.

REGIONAL ANLAYSIS

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.

KEY PLAYERS IN THE GLOBAL AEROSPACE ADHESIVE AND SEALANTS MARKET

The global aerospace adhesive and sealants market is concentrated with well-established players. Key players in the market include 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 and L&L Products

RECENT HAPPENINGS IN THE MARKET

• Ciba has just introduced the 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 technical 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.

DETAILED SEGMENTATION OF THE GLOBAL AEROSPACE ADHESIVE AND SEALANTS MARKET INCLUDED IN THIS REPORT

This research report on the global aerospace adhesive and sealants market has been segmented and sub-segmented based on resin type, technology, end-user industry and region

By Resin Type

• Epoxy
• Silicone
• PU

By Technology

• Solvent-based
• Water-based​​​​​​​

By End-Use Industry

• Commercial

• Military

• General aviation

​​​​​​​By Region

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