Market Insights
The aerospace interior adhesives market was estimated at USD 1.25 billion in 2023 and is likely to grow at a CAGR of 5.94% during 2024-2030 to reach USD 1.86 billion in 2030.
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Market Dynamics
Introduction
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, among which some to be named are epoxy resin, cyanoacrylate, polyurethane, acrylic, and others. Seating, inflight entertainment, galley, stowage bins, lavatories, panels, and others are some of the applications where adhesives can be used.
Market Drivers
The major factors driving the growth of 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.
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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
Note: The above list does not necessarily include all the top players in the market.
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Segments Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Resin Type Analysis
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Epoxy Resin, Cyanoacrylate, Acrylic, Polyurethane, and Others
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Epoxy resin is estimated to register the highest growth during the forecast period.
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Aircraft Type Analysis
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Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, and Regional Jets
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Narrow-body aircraft commanded the market; however, wide-body aircraft are estimated to portray the highest growth during the forecast period.
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Application Type Analysis
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Seating, Inflight Entertainment, Galley, Stowage Bins, Lavatory, Panels, and Others
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Panel application holds the largest share of the global aerospace adhesives market and is expected to maintain its dominance during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America dominated the global market.
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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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Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aerospace interior adhesives 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 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, Service 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 the existing and new players.
- Key success factors.
The aerospace interior adhesives 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)
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 the 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.