Product Code: CH 3167
"The aerospace adhesives & sealants market is projected to register a CAGR of 5.4%, in terms of value, between 2018 and 2023."
The aerospace adhesives & sealants market size is projected to grow from USD 775 million in 2018 to USD 1,008 billion by 2023, at a CAGR of 5.4%. The growth of the aerospace adhesives & sealants market is attributed to reasonable costs, increased acceptance from various application segments, high growth of end-use industries, and increasing demand from developing countries. Aerospace adhesives & sealants find major applications in the commercial end-use industry. However, the inconsistent global defense spending is restraining this market. The increasing penetration of composites in aircraft and the rising number of aircraft are expected to fuel the growth of the aerospace adhesives & sealants market in the next five years.
"Solvent-based technology is the major segment of the aerospace adhesives & sealants market."
Solvent-based and water-based are two major technologies. Achieving excellence in providing a great experience to passengers is vital to the modern aerospace industry. Using the right aerospace adhesive can fulfill the 'look-and-feel' expectation in modern airplane interiors. Hence, solvent-based technology is selected by several major global aircraft manufacturers for use in aircraft interiors, as this technology enables immediate bonding of decorative laminates to all common aerospace background substrates.
"APAC market is projected to register the highest CAGR during the forecast period "
Most of the aircraft manufacturers are based in North America, thus making it the dominant region for the aerospace adhesives & sealants market in 2018. However, APAC is projected to be the fastest-growing market for aerospace adhesives & sealants between 2018 and 2023. The emerging middle-class population and rising disposable income levels are expected to add to the demand in this region as more people prefer traveling by air, leading to a rise in demand for newer aircraft and associated services. This will, in turn, drive the market for aerospace adhesives & sealants in APAC.
Break-up of primary participants for the report:
- By Company Type - Tier 1 - 46%, Tier 2 - 36%, and Others - 18%
- By Designation - C level - 36%, D level - 36%, and Others - 28%
- By Region - North America - 36%, Europe - 28%, Asia Pacific - 18%, South America - 9%, and Middle East & Africa - 9%
As a part of qualitative analysis, the research study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players such as are 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).
Research Coverage:
The aerospace adhesives & sealants market is segmented on the basis of resin type (epoxy, silicone, polyurethane), technology (solvent-based, water-based), end-use industry (commercial, military, general aviation), user type (OEM , MRO), aircraft type (single-aisle, small wide-body, medium wide-body, large wide-body, regional jets), and region (North America, Europe, APAC, Middle East & Africa, and South America).
Reasons to Buy the Report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue numbers of the overall aerospace adhesives & sealants market and its subsegments. This report will help stakeholders better understand the competitive landscape and gain insights to position their businesses better and make suitable go-to-market strategies. It will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, opportunities, and challenges.
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. MARKET SCOPE
- 1.3.1. REGIONS COVERED
- 1.3.2. YEARS CONSIDERED FOR THE STUDY
- 1.4. CURRENCY
- 1.5. UNIT CONSIDERED
- 1.6. LIMITATIONS
- 1.7. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. SECONDARY DATA
- 2.1.1.1. Key data from secondary sources
- 2.1.2. PRIMARY DATA
- 2.1.2.1. Key data from primary sources
- 2.1.2.2. Key industry insights
- 2.1.2.3. Breakdown of primary interviews
- 2.2. MARKET SIZE ESTIMATION
- 2.2.1. BOTTOM-UP APPROACH
- 2.2.2. TOP-DOWN APPROACH
- 2.3. DATA TRIANGULATION
- 2.4. ASSUMPTIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. ATTRACTIVE OPPORTUNITIES IN THE AEROSPACE ADHESIVES & SEALANTS MARKET
- 4.2. AEROSPACE ADHESIVES & SEALANTS MARKET, BY RESIN TYPE
- 4.3. AEROSPACE ADHESIVES & SEALANTS MARKET, BY RESIN TYPE AND END-USE INDUSTRY
- 4.4. AEROSPACE ADHESIVES & SEALANTS MARKET ATTRACTIVENESS
5. MARKET OVERVIEW
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. DRIVERS
- 5.2.1.1. Increasing demand for lightweight and fuel-efficient aircraft
- 5.2.1.2. Increasing air travel due to affordable carriers in the emerging regions
- 5.2.2. RESTRAINTS
- 5.2.2.1. Reduced defense spending in developed economies
- 5.2.3. OPPORTUNITIES
- 5.2.3.1. Growing demand for commercial aircraft
- 5.2.4. CHALLENGES
- 5.2.4.1. Increasing need for high-quality adhesives and sealants to bond lightweight materials
- 5.3. PORTER'S FIVE FORCES ANALYSIS
- 5.3.1. THREAT OF NEW ENTRANTS
- 5.3.2. BARGAINING POWER OF SUPPLIERS
- 5.3.3. THREAT OF SUBSTITUTES
- 5.3.4. BARGAINING POWER OF BUYERS
- 5.3.5. INTENSITY OF COMPETITIVE RIVALRY
6. AEROSPACE ADHESIVES & SEALANTS MARKET, BY TYPE
- 6.1. INTRODUCTION
- 6.2. ADHESIVES
- 6.2.1. USE OF ADHESIVES RESULTS IN WEIGHT REDUCTION AND INCREASED EFFICIENCY OF AN AIRCRAFT
- 6.3. SEALANTS
- 6.3.1. EXCELLENT PHYSICAL PROPERTIES AND ADHESION TO SUBSTRATES MAKE SEALANTS SUITABLE FOR USE IN THE AVIATION INDUSTRY
7. AEROSPACE ADHESIVES & SEALANTS MARKET, BY RESIN TYPE
- 7.1. INTRODUCTION
- 7.2. EPOXY
- 7.2.1. EPOXY HAS THE ABILITY TO WITHSTAND HIGH TEMPERATURE AND OFFERS EXCELLENT CORROSION RESISTANCE
- 7.3. SILICONE
- 7.3.1. SILICONE IS WIDELY USED TO BOND ELECTRONIC COMPONENTS IN AIRCRAFT TO PROTECT AND INSULATE
- 7.4. POLYURETHANE
- 7.4.1. POLYURETHANE IS PREFERRED FOR STRUCTURAL BONDING AND SEALING OF WINDSHIELD IN AIRCRAFT
- 7.5. OTHERS
8. AEROSPACE ADHESIVES & SEALANTS MARKET, BY TECHNOLOGY
- 8.1. INTRODUCTION
- 8.2. SOLVENT-BASED
- 8.2.1. SOLVENT-BASED TECHNOLOGY IS PREFERRED IN THE AVIATION INDUSTRY DUE TO ITS HIGH INITIAL STRENGTH, EXCELLENT ADHESION TO VARIOUS SUBSTRATES, AND LESS CURING TIME
- 8.3. WATER-BASED
- 8.3.1. WATER-BASED TECHNOLOGY IS SLOWING MARKING ITS FOOTPRINT WITH THE INCREASING ENVIRONMENTAL REGULATIONS AND INCREASING USABILITY
- 8.4. OTHERS
9. AEROSPACE ADHESIVES & SEALANTS MARKET, BY USER TYPE
- 9.1. INTRODUCTION
- 9.2. MAINTENANCE, REPAIR & OVERHAUL
- 9.2.1. APAC EXPERIENCES HIGH GROWTH OPPORTUNITIES DUE TO DEMAND FOR MAINTENANCE SERVICES IN THE COMMERCIAL AEROSPACE MRO INDUSTRY
- 9.3. ORIGINAL EQUIPMENT MANUFACTURER
- 9.3.1. ADVANCED MANUFACTURING TECHNOLOGIES AND IMPLEMENTATION OF NEW ELECTRICAL SYSTEMS IN AIRCRAFT ARE DRIVING THE DEMAND FROM OEMS
10. AEROSPACE ADHESIVES & SEALANTS MARKET, BY END-USE INDUSTRY
- 10.1. INTRODUCTION
- 10.2. COMMERCIAL
- 10.2.1. GLOBAL ECONOMIC RECOVERY AND INCREASE IN PASSENGER AIR TRAVEL ARE AUGMENTING THE GROWTH OF THE COMMERCIAL AIRCRAFT SEGMENT
- 10.3. MILITARY
- 10.3.1. INCREASED SPENDING IN THE DEFENSE SECTOR OF THE US TO FUEL GROWTH OF THE MARKET IN THE MILITARY END-USE INDUSTRY
- 10.4. GENERAL AVIATION
- 10.4.1. INCREASE IN PRODUCTION OF BUSINESS JETS IN EMERGING ECONOMIES SUCH AS CHINA, INDIA, AND SOUTH KOREA TO BOOST THE GENERAL AVIATION END-USE INDUSTRY
11. AEROSPACE ADHESIVES & SEALANTS MARKET, BY AIRCRAFT TYPE
- 11.1. INTRODUCTION
- 11.2. SINGLE-AISLE
- 11.3. REGIONAL JETS
- 11.4. SMALL WIDE-BODY
- 11.5. MEDIUM WIDE-BODY
- 11.6. LARGE WIDE-BODY
12. AEROSPACE ADHESIVES & SEALANTS MARKET, BY REGION
- 12.1. INTRODUCTION
- 12.2. NORTH AMERICA
- 12.2.1. US
- 12.2.1.1. The country has the largest aerospace manufacturing base, mainly relying on international market to increase sales
- 12.2.2. CANADA
- 12.2.2.1. Commercial end-use industry creates high growth opportunities for aerospace adhesives & sealants manufacturers
- 12.2.3. MEXICO
- 12.2.3.1. Low cost manufacturing and strategic location are expected to increase the export of aerospace adhesives & sealants to neighboring countries
- 12.3. EUROPE
- 12.3.1. RUSSIA
- 12.3.1.1. Strategic development in the aviation industry makes the country the largest aerospace adhesives & sealants market
- 12.3.2. GERMANY
- 12.3.2.1. The country is a major aerospace hub for several countries in Europe
- 12.3.3. FRANCE
- 12.3.3.1. Focus on R&D helps the country to remain at the forefront of the development of sustainable aircraft and aviation technologies
- 12.3.4. UK
- 12.3.4.1. Emphasis on maximization of aerospace projects by implementing partnership with aerospace OEMs
- 12.3.5. ITALY
- 12.3.5.1. Moderate growth is expected in the market due to high public debt and economic challenges
- 12.3.6. TURKEY
- 12.3.6.1. High targets to develop the defense & aerospace industry and focus on innovation to manufacture sustainable aircraft are fueling market growth
- 12.3.7. REST OF EUROPE
- 12.4. APAC
- 12.4.1. CHINA
- 12.4.1.1. Y-o-Y growth of air travel by passengers in China is expected to drive the aerospace adhesives & sealants market
- 12.4.2. JAPAN
- 12.4.2.1. The country experiences a decline in growth due to the maturity of the adhesives & sealants market
- 12.4.3. INDIA
- 12.4.3.1. Demand for new aircraft, dominated by business jets, drives the aerospace industry
- 12.4.4. SOUTH KOREA
- 12.4.4.1. Increasing spending in the aerospace military & defense sector to drive the aerospace adhesives & sealants market
- 12.4.5. SINGAPORE
- 12.4.5.1. Singapore experiences steady growth due to various investments in the aerospace industry
- 12.4.6. THAILAND
- 12.4.6.1. High air traffic due to rise in tourism activities to boost the aviation industry
- 12.4.7. AUSTRALIA & NEW ZEALAND
- 12.4.7.1. Increase in domestic air travel has created demand for new aircraft, thereby augment market growth
- 12.4.8. REST OF APAC
- 12.5. SOUTH AMERICA
- 12.5.1. BRAZIL
- 12.5.1.1. Focus to acquire general aviation capabilities through FDI for the MRO industry to drive the market
- 12.5.2. ARGENTINA
- 12.5.2.1. The market is expected to register moderate growth due to less investor-friendly regulator
- 12.5.3. CHILE
- 12.5.3.1. Collaboration with neighboring countries to enhance the manufacturing facilities for the aerospace industry
- 12.5.4. REST OF SOUTH AMERICA
- 12.6. MIDDLE EAST & AFRICA
- 12.6.1. IRAN
- 12.6.1.1. Increase in aircraft production and sanctions of international funds has increased the demand for aerospace adhesives & sealants
- 12.6.2. ISRAEL
- 12.6.2.1. Implementation of several programs to upgrade and modernize military aircraft and helicopters have increased the demand for aerospace adhesives & sealants
- 12.6.3. SOUTH AFRICA
- 12.6.3.1. Rising need to replace aging fleet has resulted in high demand for new aircraft
- 12.6.4. REST OF MIDDLE EAST & AFRICA
13. COMPETITIVE LANDSCAPE
- 13.1. INTRODUCTION
- 13.2. COMPETITIVE LEADERSHIP MAPPING
- 13.2.1. VISIONARY LEADERS
- 13.2.2. INNOVATORS
- 13.2.3. DYNAMIC DIFFERENTIATORS
- 13.2.4. EMERGING COMPANIES
- 13.3. MARKET RANKING
- 13.4. COMPETITIVE SCENARIO
- 13.4.1. INVESTMENT & EXPANSION
- 13.4.2. NEW PRODUCT LAUNCH
- 13.4.3. MERGER & ACQUISITION
14. COMPANY PROFILES (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
- 14.1. 3M
- 14.2. HUNTSMAN CORPORATION
- 14.3. H.B. FULLER
- 14.4. HENKEL
- 14.5. ILLINOIS TOOL WORKS INC.
- 14.6. PPG
- 14.7. CYTEC SOLVAY GROUP
- 14.8. HEXCEL CORPORATION
- 14.9. BOSTIK (ARKEMA)
- 14.10. DOWDUPONT
- 14.11. OTHER KEY COMPANIES
- 14.11.1. PERMABOND
- 14.11.2. LORD CORPORATION
- 14.11.3. MASTER BOND
- 14.11.4. SCIGRIP ADHESIVES
- 14.11.5. GENERAL SEALANTS
- 14.11.6. BEACON ADHESIVES
- 14.11.7. SIKA
- 14.11.8. PARSON ADHESIVES
- 14.11.9. DELO INDUSTRIAL ADHESIVES
- 14.11.10. HERNON MANUFACTURING
- 14.11.11. DYMAX CORPORATION
- 14.11.12. THE REYNOLDS COMPANY
- 14.11.13. HYLOMAR LIMITED
- 14.11.14. L&L PRODUCTS
- 14.11.15. UNISEAL
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15. APPENDIX
- 15.1. DISCUSSION GUIDE
- 15.2. KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
- 15.3. AVAILABLE CUSTOMIZATIONS
- 15.4. RELATED REPORTS
- 15.5. AUTHOR DETAILS
ホットメルト粘着テープの世界市場 - 2024年までの予測：汎用テープ、特殊テープ
バイオベース接着剤およびシーラントの世界市場 - 成長、動向、予測
自動車用接着剤・シーラントの世界市場 (樹脂の種類別・エンドユーザー産業別・技術別・機能別・地域別)：成長率・市場動向・将来予測
接着・封止剤の世界市場 (技術、最終利用業種、製品タイプ、最終利用業種、製品および地域別) - 動向と予測
自動ラベリング装置の世界市場 〜2024年：粘着性/圧着性ラベラー・シュリンクスリーブ・糊付けラベラー
感圧接着剤 (PSA) の世界市場：技術・化学構造・用途
フェノール樹脂の世界市場の分析：製品（ノボラック、レゾール）、用途（木工用接着剤、成形材料、絶縁体、ラミネート、樹脂含浸紙、コーティング）、地域別
脂肪族ポリエステルポリオール ： 市場機会分析および将来予測
アルファメチルスチレンの世界市場予測 〜2024年：ABS樹脂・パラクミルフェノール・接着剤 & コーティング剤・ワックス
スチレンブロックコポリマーの世界市場 - 製品 (スチレンブタジエンスチレン、スチレンイソプレンスチレン、水素化スチレン系ブロックコポリマー)、用途別分析および各セグメントの予測
