by Precedence Research a new report on aerospace adhesives & sealants market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global aerospace adhesives & sealants market size was valued at US$ 1.1 billion in 2020. The global aerospace adhesives & sealants market is projected to reach US$ 1.55 billion by 2027, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2020 to 2027.
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Table of Contents
Aerospace Adhesives & Sealants market Growth Factors:
Aerospace sector impart great significance on the economy of a country because of which the demand of aerospace adhesives and sealants are subsequently expected to grow. The industry contributes significantly towards the national growth and hence has attracted numerous investors and stakeholders over the past decades. Thus, the above mentioned factors notably drive the market for aerospace adhesives & sealants. Furthermore, growth in the air logistics sector because of rise in e-commerce industry is the other most prominent factor that contributes towards the market growth.
Aerospace Adhesives & Sealants Market Report Scope
| Report Highlights | Details |
| Market Size | USD 1.55 Billion by 2027 |
| Growth Rate | CAGR of 5.5% From 2021 to 2027 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Sealants Resin, Adhesive Resin, Aircraft |
| Regional Scope | North America, Europe, Asia Pacific, Rest of the World |
The global aerospace adhesives & sealants market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per aerospace adhesives & sealants, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Aerospace Adhesives & Sealants Market Report Highlights
- North America led the global market with a volume share of over 37% in 2019 because of increased focus of the U.S. government to strengthen its military force
- The Asia Pacific exhibits significant growth rate of around 6.5% during the upcoming period owing to rapid boost in the air passenger traffic coupled with the demand for new aircrafts
- Based on adhesive resins, epoxy led the global market and accounted for a value share of over 46%in 2019 because of its properties and large number of applications in the industry
- Polyurethane expected to be the most lucrative segment in adhesive resins and projected to grow at a CAGR of around 6% during the forecast timeframe, in terms of volume.
- The commercial aircraft segment dominated the global market accounting for a share of more than half of the total market volume in 2019 due to rising indirect demand for new commercial aircraft
- Surge in demand for new and advanced military aircraft that include patrol, transports, and fighters projected to impel the growth of military segment in the global market
Regional Snapshots
North America emerged as a global leader in the global aerospace adhesives & sealants market accounting for a volume share of more than 37% in 2019 mainly because of increased spending by the government of United States on their military technology.
In 2019, total defense spending by the U.S. was around USD 718 Billion, yet the figure has decreased compared to previous years that amounted to USD 849 Billion in 2010. Additionally, defense sector witness consolidation with top ten players capturing more than 50% of the global share, out of which seven major players are based in the U.S. Hence, the above mentioned factors have contributed significantly for the market growth in the region.
On the other hand, the Asia Pacific seeks to be the most opportunistic market owing to the increasing demand for new commercial aircrafts in the region mainly because of increased passenger traffic in the region. As per a recent report of Boeing Pilot & Technician Outlook in 2019, the region expected to have a demand for 17,000 new commercial aircrafts by the year 2039. Among other Asian countries, China is the front-runner in terms of demand for new commercial aircrafts mainly because of its exponential growth in the tourism sector.
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Some of the prominent players in the aerospace adhesives & sealants market include:
- B. Fuller
- Henkel Corporation
- 3M
- PPG Industries Inc.
- Huntsman International LLC
- Cytec Solvay Group
- Dowdupont
- Bostik
- Lord Corporation (Parker Hannifin Corp)
- Hexcel Corporation
Aerospace Adhesives & Sealants market Segmentation
By Sealants Resin
- Silicone
- Polysulfide
- Others
By Adhesive Resin
- Polyurethane
- Epoxy
- Others
By Aircraft
- Military
- Commercial
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the aerospace adhesives & sealants market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global aerospace adhesives & sealants market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global aerospace adhesives & sealants market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global aerospace adhesives & sealants market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global aerospace adhesives & sealants market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for aerospace adhesives & sealants are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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