Aerospace Structural Adhesives Marketby Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), Adhesive Type (Film Adhesives, Paste Adhesives, Primers, Mold Release, and Syntactic, Core Fill, and Abradable), Resin Type (Epoxy, BMI, and Others), Application Type (Composite & Metal Bonding and Repair, Surface Preparation, Protection, and LSP, Potting and Edge Fill, and Others), Structure Type (Interiors, Airframe, Engine, and Others) and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Aerospace Structural Adhesives Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), Adhesive Type (Film Adhesives, Paste Adhesives, Primers, Mold Release, and Syntactic, Core Fill, and Abradable), Resin Type...
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 travel demand, increasing automation in processes 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 a higher focus on lightweight, comfort, and noise reduction. Structural adhesives could not escape from such trends and are witnessing 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.
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 composite content, and a gradual shift from mechanical fasteners to structural adhesives.
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.
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
Segments' Analysis
Aircraft Trends
"Commercial aircraft segment accounted for the largest market share."
The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. 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, A320 Neo, and COMAC C919, are likely to create a strong demand for structural adhesives in the commercial aircraft segment.
Resin Trends
"Epoxy segment accounted for the largest market share."
Based on resin type, the market is segmented as epoxy, BMI, and Others. Epoxy is likely to remain the most dominant resin system in 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.
Structure Trends
"Airframesegment accounted for the largest market share."
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 newer aircraft programs, such as B787, A350XWB, F35, and A220.
The interior segment is subjected to growth at the highest rate in the coming five years, driven by large commercial aircraft fleet sizes across regions. Most of the major interior systems, such as seats, floor panels, lavatories, and galleys, need to be replaced within the stipulated life of the aircraft. Furthermore, airlines are increasingly changing the interiors of their existing aircraft fleet to provide a 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
"North America accounted for the largest market share."
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. The establishment of aircraft assembly facilities by Boeing and Airbus in China creates further demand for aerospace structural composites in the region.
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:
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 joint development are some of the strategies adopted by the major players to gain the competitive edge in the market.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
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.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Aerospace Structural Adhesives Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace structural 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.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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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.
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.
The aerospace industry is witnessing several trends shaping the market dynamics. Some of the major trends are high travel demand, increasing automation in processes 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 a higher focus on lightweight, comfort, and noise reduction.
