Various Trends & Technology innovation in Aerospace Adhesives And Sealants Market

Aerospace adhesives and sealants are specialized materials that are used in manufacture and maintenance of aircrafts. These materials are essential components of an aircraft manufacturing process as they are often exposed to high-temperatures and high-pressure gradients during flights. Aerospace adhesives and sealants are primarily used in the aerospace industry for applications such as waterproofing, filling, bonding, and sealing.

Increasing investment by governments and private organizations in the aerospace and defense industry, especially for development of newer and advanced aircrafts is boosting demand for advanced aerospace adhesives and sealants which is a major factor driving growth of the global aerospace adhesives and sealants market

However, health hazards to workers caused due to presence of high amounts of volatile organic compounds (VOC) in aerospace adhesives and sealants is a major factor restraining growth of the global market.

Among the technology segments, the solvent borne segment accounted for highest revenue share in the global aerospace adhesives and sealants market, and is expected to register a CAGR of around 5% during the forecast period 2017 & 2026.

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The non-commercial aerospace adhesives and sealants segment is anticipated to expand with a CAGR of around 5%, as compared to that of the commercial segment in the global aerospace adhesives and sealants market.

The market in North America dominated the global aerospace adhesives and sealants market in revenue terms, and is estimated to account for largest market revenue share in 2017, as compared to that of markets in other regions. It is further expected to maintain its dominant revenue contribution in the global aerospace adhesives and sealants market over the forecast period.

The European market for aerospace adhesives and sealants is expected to account for second-highest revenue share in the global market. This is attributed to high presence of prominent aircraft manufacturers such as Airbus and Dassault Aviation in countries in the region.

Increasing preference for air travel and increasing number of low-cost airlines in emerging economies such as China, Japan, and India are key factors expected to propel growth of the Asia Pacific market over the forecast period.

An adhesive is a substance used to stick or bond objects, parts, materials etc. Aerospace adhesives are interchangeably used for glue, fixative, cement, binder, etc., and are used to assemble dissimilar materials of heavy weights, without screws, bolts, nuts, etc.

Companies profiled in the report are PPG Industries Inc., 3M Company, Royal Adhesives and Sealants, Cytec Industries Inc., Huntsman Corporation, United Resin Corporation, Hexcel Corporation.

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