Report Id: SNS/C&M/1452 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Aerospace Adhesive And Sealants Market size was valued at USD 2.21 Billion in 2022 and is projected to reach USD 3.42 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. The need for aerospace adhesives and sealants is increasing as composites become more prevalent in aircraft and as aircraft deliveries increase. The Aerospace Adhesive and Sealants Market have also benefited from the growing middle-class population in developing countries such as China, India, and Brazil.
Global Aerospace Adhesive and Sealants Market provide a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables. Aircraft adhesives and sealants are different from normal adhesives and sealants because they are exposed to pressure gradients and higher temperatures throughout their lifetime in the aerospace industry. High-performance resins such as polyurethane, epoxy, silicone, and hybrid polymers are used in the aerospace sector to provide bonding, waterproofing, filling, and sealing. Sealants are polymers that have a molecular structure that prevents penetration. They have epoxies in them that dry quickly and provide a smooth surface.
MARKET DYNAMICS:
KEY DRIVERS:
The rising use of composites in the aircraft industry is expected to drive the global aerospace adhesives and sealants market. In order to improve the vehicle's fuel efficiency by focusing on lightweight, aircraft manufacturers are using more composite components in the assembly.
The need for aerospace adhesives and sealants is increasing as composite components become more prevalent in airplanes. Furthermore, rising worldwide aircraft manufacturing is a major driver of the aerospace adhesives and sealants market's expansion. Increased aviation traffic development in emerging countries and increased urbanisation in emerging countries such as China and India are driving aircraft vehicle production.
RESTRAINTS:
The VOC level of high-performance aerospace adhesives and sealants is considerable. OEM manufacturers are seeking eco-friendly components as governments around the world tighten environmental laws on the transportation industry. Increasing government regulations, such as these, are expected to stifle market expansion in the next years.
Furthermore, the increased costs associated with research & development of aerospace adhesives and sealants that meet OEM criteria is a major restriction for the industry.
Key Players:
PPG Industries Inc., Royal Adhesives and Sealants, Huntsman Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay Group, Hexcel Corporation, 3M, Cytec Industries Inc., United Resin Corporation, and other players.
Market Segmentation:
By Type
Adhesives
Sealants
By Rresin Type
Epoxy
Silicone
Polyurethane
Others
By Technology Type
Solvent-based
Water-based
Others
By User Type
Original equipment manufacturer (OEM)
Maintenance repair and operations (MRO)
By End-Use Industry
Commercial
Military
General Aviation
By Aircraft Type
Single Aisle
Regional Jets
Small Wide Body
Medium Wide Body
Large Wide Body
Regional Analysis:
North America, Western Europe, Latin America, Eastern Europe, Asia Pacific (excluding Japan), Japan, and the Middle East and Africa make up the global aircraft adhesives and sealants market. In the worldwide aircraft adhesives and sealants market, Asia Pacific is expected to be one of the largest and fastest expanding regions.
The region's market demand is being driven by expanding urbanisation and rising income. The markets in North America and Western Europe are thought to be quite mature. Due to the region's tiny share of overall aircraft production, the Middle East and Africa market is expected to have a lesser share of the global market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 2.21 Billion |
Market Size by 2030 | US$ 3.42 Billion |
CAGR | CAGR of 5.6% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Type (Adhesives, Sealants) • By Resin Type (Epoxy, Silicone, Polyurethane, Others) • By Technology Type (Solvent-based, Water-based, Others ) • By User Type (OEM, MRO) • By End-Use Industry (Commercial, Military, General Aviation) • By Aircraft Type (Single Aisle, Regional Jets, Small Wide Body, Medium Wide Body, Large Wide Body) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | PPG Industries Inc., Royal Adhesives and Sealants, Huntsman Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay Group, Hexcel Corporation, 3M, Cytec Industries Inc., United Resin Corporation, and other players. |
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key Stakeholders Considered in the study:
Raw material vendors
Distributors/traders/wholesalers/suppliers
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade/Industrial associations
End-use industries are the stake holder of this report
Ans: Solvent-based, Water-based And Others are the sub-segments of by technology Type segment.
Ans: PPG Industries Inc., Royal Adhesives and Sealants, Huntsman Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay Group, Hexcel Corporation, 3M, Cytec Industries Inc. and United Resin Corporation are the key players in the US antimicrobial plastics market.
Ans: Aerospace Adhesive And Sealants Market size was valued at USD 1.10 Billion in 2020 and is projected to reach USD 1.50 Billion by 2028, growing at a CAGR of 5.2% from 2022 to 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Aerospace Adhesives & Sealants Market, By Type:
8.1 Adhesives
8.2 Sealants
9. Global Aerospace Adhesives & Sealants Market, By resin type
9.1 Epoxy
9.2 Silicone
9.3 Polyurethane
9.4 Others
10. Global Aerospace Adhesives & Sealants Market, By Technology Type
10.1 Solvent-based
10.2 Water-based
10.3 Others
11. Global Aerospace Adhesives & Sealants Market, By user type
11.1 Original equipment manufacturer (OEM)
11.2 Maintenance repair and operations (MRO)
12. Global Aerospace Adhesives & Sealants Market, By end-use industry,
12.1 Commercial
12.2 Military
12.3 General Aviation
13. Global Aerospace Adhesives & Sealants Market, By Aircraft Type
13.1 Single Aisle
13.2 Regional Jets
13.3 Small Wide Body
13.4 Medium Wide Body
13.5 Large Wide Body
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 France
14.3.4 Italy
14.3.5 Spain
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4 Asia-Pacific
14.4.1 Japan
14.4.2 South Korea
14.4.3 China
14.4.4 India
14.4.5 Australia
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1 Israel
14.5.2 UAE
14.5.3 South Africa
14.5.4 Rest
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of Latin America
15. Company Profiles
15.1 PPG Industries Inc.
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 3M
15.3 Royal Adhesives and Sealants
15.4 Cytec Industries Inc.
15.5 Huntsman Corporation
15.6 United Resin Corporation
15.7 Hexcel Corporation
15.8 Beacon Adhesives Inc.
15.9 Henkel AG and Company
15.10 Solvay Group
16. Competitive Landscape
16.1 Competitive Benchmark
16.2 Market Share analysis
16.3 Recent Developments
17. Conclusion
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