The latest research study by IMARC Group, “Aerospace Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global aerospace adhesives market size. The global aerospace adhesives market reached a value of US$ 617.39 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 859.06 Million by 2027, exhibiting a CAGR of 5.22% during 2022-2027.
Aerospace Adhesives Industry Outlook:
Aerospace adhesives represent the substances that are used for structural sealant purposes in the interior, exterior, engine compartment, and other components of aircraft, including transducer seals, fuel assemblies, electronic assemblies, metal and fiber composites, antennas, optical sensors, etc. They provide several benefits, such as resistance to cyclic fatigue, superior durability and toughness, exceptional compressive strength, high glass transition temperature, etc. In addition to this, these adhesives protect against corrosion, enhance aerodynamics, deliver smooth contours, save time, lower weight, minimize costs, etc. Presently, some of the commonly utilized substrates for aerospace adhesive bonding are aluminum, wood, titanium, stainless steel, and composite materials, including fiber-reinforced plastic (FRP) laminates, bonded sandwich structures, fiber metal laminates (FML), etc.
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Market Trends:
The inflating need for improving the performance of aircraft structures to ensure safe and reliable air travel is primarily driving the aerospace adhesives market. Additionally, the growing investments by government bodies across the countries in the modernization of military aircraft are propelling the demand for customized aerospace adhesives with exceptional characteristics. This, in turn, is catalyzing the market growth.
Moreover, the shifting consumer preferences from mechanical fasteners, including bolts and screws, towards aerospace adhesives to maintain structural integrity and achieve specific aesthetic design or functional benefits are also acting as significant growth-inducing factors. Apart from this, numerous leading manufacturers are introducing innovative grades of product variants that offer excellent flexibility as well as strength to advanced composites and coatings, which is anticipated to fuel the aerospace adhesives market over the forecasted period.
| Aerospace Adhesives Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 617.39 Billion |
| Market forecast in 2027 | US$ 859.06 Billion |
| Growth Rate | CAGR of 5.22% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Resin Type, Technology, Function Type, End Use and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Resin Type:
- Epoxy
- Polyurethane
- Silicone
- Others
Breakup by Technology:
- Waterborne
- Solvent-Borne
- Reactive
Breakup by Function Type:
- Structural
- Non-Structural
Breakup by End Use:
- Original Equipment Manufacturer (OEM)
- Maintenance Repair and Operations (MRO)
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 3M Company, Adhetec, Arkema S.A., H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman Corporation, Hybond Technology Group Limited, Hylomar Ltd., Illinois Tool Works Inc, L&L Products, Permabond LLC and PPG Industries Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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