Aerospace Adhesives & Sealants Market Growth, Industry Analysis | Global and Regional Market Forecast to 2020-2026
The global aerospace adhesives & sealants market is forecast to reach USD 1.14 Billion by 2026, according to a new report by Reports and Data. The increased demand for commercial and military aircraft coupled with the rising population and their increasing disposable incomes will fuel the growth of the market.
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Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Adhesive
- Reactive
- Non-reactive
- Sealant
- Reactive
- Non-reactive
Aircraft Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Single Aisle
- Regional Jets
- Small Wide Body
- Medium Wide Body
- Large Wide Body
Resin Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Epoxy
- Silicon
- Polyurethane (PU)
- Others
Technology Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Solvent-based
- Water-based
- Others
End-user Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Original Equipment Manufacturer (OEM)
- Maintenance Repair and Operations (MRO)
Aviation Industry Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- General
- Commercial
- Military
The key players in the market are highly investing in research of development of these technologies to innovate their adhesive formulations to meet the stringent specifications of the aerospace industry. Technologically advanced paste, liquid, or film adhesive and sealant systems facilitate improved durability, performance, weight savings, and fuel efficiency for aircraft, rotorcraft, satellite, and UAVs. The wide range of resins used in the adhesives and sealants consists of epoxies, polyurethanes, silicones, and polysulfide, among others.
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Further key findings from the report suggest
- Among the product types, sealants account for a larger market share of ~56% in the year 2018. The adhesives segment is anticipated to witness a higher CAGR of 5.6% during the forecast period. The products are further classified into reactive and non-reactive adhesives & sealants, which indicates the reaction of the adhesive to certain chemicals.
- Key participants include Beacon Adhesives, 3M, Cytec-Solvay Group, Bostik (Arkema), Dowdupont, Delo Industrial Adhesives, General Sealants, Dymax Corporation, Henkel, H.B. Fuller, Hexcel Corporation, Hernon Manufacturing, Hylomar Limited, Huntsman Corporation, L&L Products, Illinois Tool Works Inc., Master Bond, Lord Corporation, Permabond, Parson Adhesives, Scigrip Adhesives, PPG, The Reynolds Company, Sika, and Uniseal, among others.
- The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
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Regional Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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