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    Aerospace Structural Adhesives Market Report

    Aerospace Structural Adhesives Market Report
    Report code - SRAD204 Published On : Jul,2019 No. of Pages: 285
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    Aerospace Structural Adhesives Market Size, Share, Trend, Forecast, & Competitive Anal See more...

    Impact of COVID-19 on Aerospace Structural Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerospace Structural Adhesives Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Structural adhesives have extensively been used for bonding structural as well as non-structural applications in the aerospace industry. Structural adhesive assembles dissimilar materials, carries higher weight loads, and improves the uniform distribution of the stresses and strains across bonded joints. A wide variety of structural adhesives, such as film adhesives, paste adhesives, mold release agents, primers, syntactic core, core fill, and abradable, are used in different aerospace applications to meet the various industry requirements. These adhesives aid the airframers in maintaining the integrity and strength of parts without making any holes for fixing rivets or any other type of fasteners. The prominence of structural adhesives has significantly been growing in the aerospace industry with the incessant increase in the usage of composites in the latest aircraft programs.  To preserve the structural integrity of critical composite components, manufacturers need the adhesive that ensures strong bonds between composite sub-components with excellent chemical resistance and extraordinary mechanical performance.

    The aerospace industry is witnessing several trends shaping the market dynamics. Some of the major trends are high demand for travel, increasing automation in process to have scalable production, a higher focus of airlines in mitigating their operational costs, development of new engine designs with optimized fuel efficiency, supply chain excellence, incorporation of new materials, and higher focus on lightweight, comfort, and noise reduction. Structural adhesives could not get escaped themselves from such trends and are witnessing the advancements in the materials to cope with these trends. The development of multi-functionalities, such as multi-substrate bonding and high-temperature performance, the development of sustainable materials, Cr(VI) free, phenolic free, and REACH compliant products, and materials for faster processing, such as fast curing and out-of-autoclave (OoA) are some of the focus areas of the market.

    The aerospace structural adhesives market is projected to grow at a healthy rate over the next five years to reach US$ 1.07 billion in 2024. Adhesives are gradually becoming the choice of materials in the aerospace industry, propelled by several factors including rising commercial and regional aircraft deliveries, increasing next-generation aircraft programs (B787 and A350XWB), increasing composites content, and a gradual shift from the mechanical fasteners to structural adhesives.

    Aerospace-Structural-Adhesives-Market-Forecast

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    Composite materials are marking increased penetration in the latest aircraft programs, such as A350XWB and B787. Adhesives are preferably used with composite parts than their counterparts: mechanical fasteners, owing to their excellent performance with composite parts. Adhesives are used when sandwich composite panels are constructed as well as secondary bonding of composite-to-composite or composite-to-metal parts.

    Segments' Analysis

    Aerospace Structural Adhesives Market Share by Aircraft Type

    The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs, such as B737 and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for structural adhesives in the commercial aircraft segment.

    Aerospace Structural Adhesives Market Share by Resin Type

    Based on resin type, the market is segmented as epoxy, BMI, and Others. Epoxy is likely to remain the most dominant resin system of the market over the next five years, whereas BMI is likely to witness the highest growth over the next five years. Epoxy adhesives are widely used in the aerospace industry, owing to their excellent adhesion to metals as well as substrates such as thermoset plastics or composites. They provide excellent durability, excellent temperature resistance with low shrinkage, and do not produce volatiles during the curing process.

    Aerospace Structural Adhesives Market Share by Structure Type

    Based on the structure type, the market is segmented as airframe, interiors, engine, and others. Airframe is projected to remain the largest segment of the market during the forecast period. It is one segment that registered the highest increase in the penetration of composite materials. Carbon composites are preferably used over aluminum in the newer aircraft programs, such as B787, A350XWB, F35, and A220.

    Interiors segment is subjected to grow at the highest rate in the coming five years, driven by large commercial aircraft fleet size across regions. Most of the major interior systems, such as seats, floor panels, lavatory, and galley, need be replaced within the stipulated life of aircraft. Furthermore, airlines are increasingly changing the interiors of their existing aircraft fleet in order to provide the uniform feel across the fleet. Also, composite materials are playing a greater role in aircraft interiors with adhesives perennial choice of material for adhering the components/systems.

    Regional Insights

    Based on regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace structural adhesives market. The country is the hub for the aerospace manufacturing industry with the presence of several tier players, aircraft OEMs and MRO companies.

    Asia-Pacific is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the assembly of upcoming commercial and regional aircraft, such as C919 and MRJ. Establishment of aircraft assembly facilities by Boeing and Airbus in China to create further demand for aerospace structural composites in the region.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 1.07 billion

    Forecast

     5.8% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Spain, Russia, Japan, China, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

                                                                              

    The market is segmented in the following ways:

    Aerospace Structural Adhesives Market Size, Share & Forecast by Aircraft Type:

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Structural Adhesives Market Size, Share & Forecast by Adhesive Type:

    • Film Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paste Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Primers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Syntactic, Core Fill, and Abradable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mold Release (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Structural Adhesives Market Size, Share & Forecast by Resin Type:

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • BMI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Structural Adhesives Market Size, Share & Forecast by Application Type:

    • Composite & Metal Bonding and Repair (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surface Preparation, Protection, and LSP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Potting and Edge Fill (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Structural Adhesives Market Size, Share & Forecast by Structure Type:

    • Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Structural Adhesives Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Regional Analysis: Latin America, the Middle East, and Others)

    Key Players

    The supply chain of this market comprises raw material suppliers, aerospace structural adhesive manufacturers, tier players, aircraft OEMs, and MRO companies.

    The key aerospace structural adhesive manufacturing companies are-

    • Henkel AG & Company KGaA
    • Solvay S.A.
    • The 3M Company
    • Hexcel Corporation
    • Huntsman Corporation
    • Toray Advanced Composites
    • Magnolia Advanced Materials Inc.
    • Lord Corporation
    • Delo Industrial Adhesives
    • Sika Advanced Resins
    • Scott Bader Inc.

    Advancements in adhesives, such as improvement in cure time  and temperature, fracture toughness; speeding up of production time, execution of mergers & acquisitions, and collaborations with OEMs for the joint development are some of the strategies adopted by the major players in order to gain the competitive edge in the market.