Quick Summary:
In this rapidly evolving era of aviation, the global aerospace adhesives market showcases a significant advancement. These highly specialized adhesives are widely employed within aircraft for an array of structural applications including transducer seals, fuel assemblies, electronic assemblies, metal and fiber composites, antennas, optical fibers and sensors, among others. By offering a series of benefits such as high bond strength, exceptional compressive strength, superior durability, corrosion resistance, and aerodynamics enhancement, aerospace adhesives become an indispensable part for the aerospace industry. Furthermore, this versatile adhesive is compatible with a broad spectrum of substrates including wood, aluminum, titanium, stainless steel, and various composite materials.
The surge in air passenger traffic globally, combined with the increased focus on improving the performance and safety aspects of aircraft structures, is driving the demand for aerospace adhesives. The contemporary market exhibits a growing trend of using aerospace adhesives in place of mechanical fasteners such as bolts or screws, owing to their ability to maintain structural integrity and weight, and to achieve aesthetic or functional benefits. In light of this trend, manufacturers are introducing innovative grades of aerospace adhesives that feature impact and micro-crack resistance, chemical resistance, flexibility and strength, and sustainability under extreme operating conditions. These innovative elements pave the way for exciting growth prospects within the market.
Aerospace adhesives are used for structural sealant purposes in the interior, exterior, engine compartment, and other components of aircraft, such as transducer seals, fuel assemblies, electronic assemblies, metal and fiber composites, antennas, optical fibers, and sensors. These adhesives provide high bond strength, resistance to cyclic fatigue, excellent peel strength, superior durability and toughness, exceptional compressive strength, and high glass transition temperatures. They also improve the distribution of stresses over bonded joints, protect against corrosion, enhance aerodynamics, deliver smooth contours, save time, lower weight, and decrease costs. Presently, the most common substrates for aerospace adhesive bonding are wood, aluminum, titanium, stainless steel, and composite materials, such as bonded sandwich structures, fiber-reinforced plastic (FRP) laminates, and fiber metal laminates (FML).
Aerospace Adhesives Market Trends:
The increasing air passenger traffic worldwide, along with the rising focus on improving the performance of aircraft structures to ensure safe and reliable air travel, represents one of the key factors bolstering the market growth. Apart from this, increasing government spending on the modernization of military aircraft is driving the need for customized aerospace adhesives with exceptional characteristics. Besides this, aerospace adhesives are widely preferred over mechanical fasteners like bolts or screws to maintain structural integrity and weight factors and achieve certain aesthetic design or functional benefits. Moreover, manufacturers are offering innovative grades of aerospace adhesives that exhibit impact and micro-crack resistance, withstand numerous chemicals, and help sustain performance in extreme operating environments. These adhesives also have outstanding resistance to aviation gasoline, jet fuel, and petroleum products and offer excellent flexibility and strength to advanced composites and coatings. Such innovations are anticipated to provide a positive thrust to the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global aerospace adhesives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, technology, function type and end use.Breakup by Resin Type:
- Epoxy
- Polyurethane
- Silicone
- Others
Breakup by Technology:
- Waterborne
- Solvent-Borne
- Reactive
Breakup by Function Type:
- Structural
- Non-Structural
Breakup by End Use:
- Original Equipment Manufacturer (OEM)
- Maintenance Repair and Operations (MRO)
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Adhetec, Arkema S.A., H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman Corporation, Hybond Technology Group Limited, Hylomar Ltd., Illinois Tool Works Inc, L&L Products, Permabond LLC and PPG Industries Inc.Key Questions Answered in This Report:
- How has the global aerospace adhesives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aerospace adhesives market?
- What are the key regional markets?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the function type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aerospace adhesives market and who are the key players?
- What is the degree of competition in the industry?
What is the estimated value of the Global Aerospace Adhesives Market?
What is the growth rate of the Global Aerospace Adhesives Market?
What is the forecasted size of the Global Aerospace Adhesives Market?
Who are the key companies in the Global Aerospace Adhesives Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 656.9 Million |
| Forecasted Market Value ( USD | $ 903.2 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
Companies Mentioned
- 3M Company
- Adhetec
- Arkema S.A.
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman Corporation
- Hybond Technology Group Limited
- Hylomar Ltd.
- Illinois Tool Works Inc
- L&L Products
- Permabond LLC
- PPG Industries Inc.
Methodology
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