Aerospace Interior Adhesives Market to Grow at 5.5% CAGR During 2019 – 2024

Stratview Research has published a new research report on Aerospace Interior Adhesives Market. This extensive report by Stratview Research analyses the growth of Aerospace Interior Adhesives Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
● by Resin Type (Epoxy Resins, Cyanoacrylate Resins, and Others)
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● by Application Type (Seats, In-flight Entertainment, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing penetration of composite materials in aircraft interiors

The aerospace interior adhesives market is likely to witness a healthy CAGR of 5.5% during the forecast period. The major driving factors are an increasing penetration of composite materials in aircraft interiors; increasing production rates of key aircraft programs, such as B737, A320 family, B787, and A350XWB to support rising passenger traffic; 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; and increasing aircraft fleet size. Advancements in the adhesives technology further substantiate the demand for adhesives in aircraft interiors in the coming years. All these factors are likely to provide a sustainable growth platform for adhesives in the aerospace interior applications.

Epoxy resin to witness the highest growth

Based on the resin type, the market is segmented as epoxy resin, cyanoacrylate resin, polyurethane resin, acrylic resin, and others. Epoxy resin is expected to witness the highest growth during the forecast period, owing to its exceptional mechanical properties. The resin type is also likely to maintain its dominance in the market over the next five years, driven by an increasing preference for epoxy resins for making composite parts.

Narrow-body aircraft dominate the aerospace interior adhesives market

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, general aviation, and regional jet. Narrow-body aircraft dominated the aerospace interior adhesives market; however, wide-body aircraft is expected to witness the highest growth during the forecast period. Boeing anticipated that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037 in which narrow- and wide-body aircraft would remain dominant during the period.

Highest demand for adhesives in the aerospace interiors segment

Based on the application type, the market is segmented as seats, in-flight entertainment, galleys, stowage bins, lavatories, interior panels, and others. Interior panels generate the highest demand for adhesives in the aerospace interiors segment. Interior panels include floor panels, ceiling panels, etc., and are an integral part of an aircraft design. Interior panels are generally made of composite materials and require adhesives for bonding. Other interior applications are also likely to generate a healthy demand for adhesives in years to come.

North America to remain the largest market

In terms of regions, North America dominated the market and is the world’s manufacturing capital of the aircraft industry with the presence of many large-to small-sized aircraft manufacturers, tier players, adhesive manufacturers, distributors, and raw material suppliers. Asia-Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft, a shift of assembly plants of Boeing and Airbus in China, and the world’s largest commercial aircraft fleet size.

Top market players

Some of the major players in the global aerospace interior adhesives 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., and Perma Bond LLC.

Why Stratview Research

Our 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 on 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:
● Aerospace Interior Adhesives Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2013 – 2018) and forecast analysis (2019-2024) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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