Aerospace Structural Adhesives Market estimated to reach US$ 1.07 billion in the forecast period (2019-2024)

The report on the Aerospace Structural Adhesives Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aerospace Structural Adhesives Market is expected to reach US$ 1.07 billion by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
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.
Interiors segment is subjected to grow at the highest rate in the coming five years, driven by large commercial aircraft fleet size across regions.
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.
Commercial aircraft is likely to remain the largest segment of the market during the forecast period.

Table Of Contents: https://www.stratviewresearch.com/toc/506/aerospace-structural-adhesives-market.html

Highlights of the Report:
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.

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.

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.

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.

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Key Players of the Market
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, and Scott Bader Inc.

Features of the Report
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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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