Market Highlights
Aerospace adhesives and sealants are specialized materials used in the aerospace industry to bond and seal various components of aircraft and spacecraft. These materials are crucial for ensuring the structural integrity, safety, and performance of aerospace vehicles. Aerospace adhesives and sealants are designed to meet stringent requirements and standards, as the aerospace industry demands high-performance solutions that can withstand extreme conditions. The growing demand for lightweight and fuel-efficient aircraft and spacecraft is a significant driver in the aerospace adhesives and sealants market. As the aerospace industry continues to focus on improving fuel efficiency and reducing emissions, there is a greater emphasis on using lightweight materials and designs. Aerospace adhesives play a crucial role in bonding lightweight composite materials, which are increasingly used in aircraft and spacecraft construction. This shift towards composites, along with the need for advanced sealing solutions to maintain the integrity of modern aerospace structures, has led to an increased demand for high-performance adhesives and sealants. Additionally, the aerospace sector's ongoing innovation and technological advancements, including the development of new materials and manufacturing processes, further drive the market for aerospace adhesives and sealants as they adapt to meet the industry's evolving needs for safety, reliability, and efficiency. These factors are expected to continue fueling growth in the aerospace adhesives and sealants market in the coming years. Overall, the aerospace adhesives & sealants market is likely to rebound at a promising CAGR of 4.7% in the long run to reach US$ 1.2 Billion in 2028.
Segment's Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Resin-Type Analysis
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Epoxy, Silicone, Polyurethane, and Others
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Epoxy is anticipated to remain the biggest demand generator in the years to come.
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Technology Analysis
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Solvent-Based, Water-Based, and Others
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Water-Based technology will be the largest segment in the forecasted period.
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User Type Analysis
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OEM and MRO
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OEM user type is expected to dominate the market.
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End-Use Industry Analysis
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Commercial, Military and General Aviation
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Commercial end-use industry is likely to hold the largest market share.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Based on the resin type, the aerospace adhesives & sealants market is segmented into epoxy, silicone, polyurethane, and others. Epoxy is expected to remain the dominant resin in the market during the forecast period due to their exceptional performance characteristics. Epoxy resins exhibit high strength, excellent adhesion properties, and outstanding resistance to temperature extremes, making them ideal for the demanding conditions experienced in aerospace environments. These materials provide robust bonding and sealing capabilities, ensuring structural integrity and preventing the ingress of moisture or other contaminants that could compromise the safety and reliability of aircraft and spacecraft. Epoxy adhesives are also known for their versatility, as they can be tailored to specific aerospace requirements through formulations that offer varying levels of flexibility, toughness, and curing times.
Based on the technology, the market is segmented into Solvent-Based, Water-Based and others. Water-Based is expected to remain the dominant technology in the market due to environmental concerns and regulatory requirements, which have spurred a shift towards more sustainable and eco-friendly solutions in aerospace manufacturing. Water-Based adhesives and sealants are inherently less harmful to the environment compared to Solvent-Based counterparts, as they emit fewer volatile organic compounds (VOCs) and have a lower environmental impact. This aligns with the aerospace industry's commitment to reducing its carbon footprint and adhering to stringent environmental regulations. Additionally, Water-Based adhesives and sealants exhibit excellent performance characteristics that meet the demanding requirements of the aerospace sector. They offer strong bonding and sealing capabilities, good adhesion to various substrates, and resistance to temperature extremes, ensuring the structural integrity and safety of aircraft and spacecraft.
Based on the end-use industry, the market is segmented into commercial, military, and general aviation. Commercial is expected to remain the largest end-use industry in the market due to the sheer scale and diversity of commercial aviation compared to other segments of the aerospace industry. Commercial aviation encompasses passenger and cargo aircraft, including a wide range of commercial airliners, regional jets, and even emerging markets like urban air mobility.
In terms of regions, North America is expected to remain the largest market for aerospace adhesives & sealants during the forecast period. Firstly, North America boasts a robust aerospace industry with a high concentration of major aerospace manufacturers, including Boeing and Airbus facilities, as well as numerous suppliers and aerospace research institutions. This concentration of industry players results in a significant demand for high-quality adhesives and sealants. Secondly, North America places a strong emphasis on research and development in aerospace technology. This commitment to innovation drives the need for cutting-edge adhesive and sealant solutions that meet the stringent requirements of modern aircraft and spacecraft.
Key Players
The following are the key players in the aerospace adhesives & sealants market:
- 3M
- Henkel AG & Co., KGaA
- Huntsman Corporation
- PPG Industries, Inc.
- Cytec Solvay Group
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aerospace adhesives & sealants market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
The aerospace adhesives & sealants market is segmented into the following categories.
Aerospace Adhesives & Sealants Market, by Type
- Adhesive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sealants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Adhesives & Sealants Market, by Resin Type
- Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Adhesives & Sealants Market, by Technology
- Solvent-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Adhesives & Sealants Market, by User Type
- OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- MRO (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Adhesives & Sealants Market, by End-Use Industry
- Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Adhesives & Sealants Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
