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  • Aerospace Interior Adhesives Market Growth Analysis | 2022-2028

    Aerospace Interior Adhesives Market Growth Analysis | 2022-2028

    Aerospace Interior Adhesives Market Growth Analysis | 2022-2028
    Report code - SRAD187 Delivery - 2 Weeks
    Aerospace Interior Adhesives Market Size, Share, Trends, Dynamics, Forecast, Growth A See more...

    Market Insights

    The aerospace interior adhesives market was estimated at USD 1.1 billion in 2021 and is likely to grow at a CAGR of 5.54% during 2022-2028 to reach USD 1.6 billion in 2028.

    Aerospace-Interior-Adhesives-Market-Insights

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    Aerospace interior adhesives play a major role in aircraft interior manufacturing. They are used in a number of applications such as acoustic insulation, decorative laminates, and others to make them safer for passengers and fuel-efficient for aircraft.

    Aircraft interior adhesives can be of different resin types and among which some to be named are epoxy resin, cyanoacrylate, polyurethane, acrylic, and others. Seating, inflight entertainment, galley, stowage bins, lavatory, panels, and others are some of the applications where adhesives can be used.

    Aerospace Interior Adhesives Market Highlights

    Market Size in 2021

    USD 1.1 billion

    Market Size in 2028

    USD 1.6 billion

    Market Growth (2022-2028)

    5.54% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Resin Type (Epoxy Resin, Cyanoacrylate, Acrylic, Polyurethane, and Others),

    By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, and Regional Jets),

    By Application Type (Seating, Inflight Entertainment, Galley, Stowage Bins, Lavatory, Panels, and Others),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

    Key Players

    Some of the major players in the market are-

    • Henkel AG & Co. KGaA
    • Arkema S.A.
    • The 3M Company
    • Huntsman Corporation
    • Solvay S.A.
    • Avery Dennison Corporation
    • Hexcel Corporation
    • Delo Industrie Klebstoffe GmbH & Co KGaA
    • Master Bond Inc.
    • Perma Bond LLC

    Market Drivers

    The major driving factor for the aerospace interior adhesives market are-

    • The incessant increase in air passenger traffic all around the world has led to the increasing production rates of key aircraft programs, such as the A320 family, B737, B787, and A350XWB.
    • Market entry of new players, such as COMAC and Irkut.
    • Introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x.
    • Increasing aircraft fleet size.

    Aerospace-Interior-Adhesives-Market-Snapshot

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    Segments' Analysis

    By Resin Type

    Based on the resin type, the aerospace interior adhesives market is segmented as epoxy resin, cyanoacrylate, polyurethane, acrylic, and others. Epoxy resin is estimated to register the highest growth during the forecast period, owing to its exceptional mechanical properties.

    By Aircraft Type

    Based on the aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, very large aircraft, general aviation, and regional jets. Narrow-body aircraft commanded the market; however, wide-body aircraft are estimated to portray the highest growth during the forecast period. Boeing estimated, that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037, in which narrow- and wide-body aircraft would govern the market during the period.

    By Application Type

    Based on the application type, the market is segmented as seating, inflight entertainment, galley, stowage bin, lavatory, panel, and others. Panel application holds the largest share of the global aerospace adhesives market and is expected to maintain its dominance during the forecast period. Panels are integral parts of an aircraft design and are extensively used in an aircraft to install various components and parts.

    Regional Insights

    In terms of regions, North America dominated the global market as the region is the world’s manufacturing capital of the aircraft industry with the regional presence of several large-to small-sized aircraft manufacturers, tier players, adhesive manufacturers, distributors, and raw material suppliers. Asia-Pacific is estimated to register the highest growth in the coming five years, driven by upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size. 

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    Market Scope & Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories. 

    By Resin Type

    • Epoxy Resin
    • Cyanoacrylate
    • Polyurethane
    • Acrylic
    • Others   

    By Aircraft Type

    • Narrow-Body Aircraft
    • Wide-Body Aircraft
    • Very Large Aircraft
    • General Aviation
    • Regional Jets

    By Application Type

    • Seating
    • Inflight Entertainment
    • Galley
    • Stowage Bins
    • Lavatory
    • Panels
    • Others

    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: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aerospace-Interior-Adhesives-Market-Segmentation

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    Research Methodology

    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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain 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 the market dynamics and will enable strategic decision making for the 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, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factor

    Report Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Report Customization Options

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of aircraft types by application type. 

    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.

    Frequently Asked Questions (FAQs)

    The market was estimated at USD 1.1 billion in 2021.

    The market is likely to reach USD 1.6 Billion in 2028.

    The market is expected to witness an impressive growth of 5.54% CAGR in the coming years.

    Henkel AG & Co. KGaA, Arkema S.A., The 3M Company, Huntsman Corporation, Solvay S.A., Avery Dennison Corporation, Hexcel Corporation, Delo Industrie Klebstoffe GmbH & Co KGaA, Master Bond Inc., and Perma Bond LLC are among the key players in the market.

    Wide-body aircraft are expected to portray the highest growth in the market in the coming years.

    Epoxy resin is expected to register the highest growth in the market during the next five years.

    Panel application is expected to remain dominant in the market during the foreseeable years.

    Asia-pacific is expected to register the highest growth in the market during the forecast period.

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