Global Aerospace Interior Adhesive Market Research Key Players, Industry Overview And Forecasts To 2026

Market Definition: Global Aerospace Interior Adhesive Market 

Adhesives are the materials which can join the two surfaces using linkage and consistent  mechanisms. It plays a vital role in manufacturing the aircraft interiors. Aerospace interior adhesives are available in resin type such as epoxy resin, cyanoacrylate, polyurethane, acrylic and others. The trend which is evolving in this market is high demand for light weight aircraft so that there is increase in the fuel efficiency.

It helps to maintain the quality of interior aircraft without adding the additional weight. The demand is growing for aerospace interior adhesive in different aircraft’s such as single aisle, small wide body, medium wide body, large wide body, regional jets. These factors plays the major role in growth of this market till the forecasted year 2026.

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Market Analysis: Global Aerospace Interior Adhesive Market 

Global aerospace interior adhesive market has estimated growth of USD 4.8 billion by 2026 and is projected to grow at a substantial CAGR of 5.7% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2026. High demand for low cost carrier (LCC), Decline in fuel prices strong and fire and chemical resistant are some market drivers of aerospace interior adhesive market.

Market Drivers:

Growing use of composites in commercial aircraft
High demand for low cost carrier (LCC)
Decline in fuel prices
Increasing demand for light weight construction of aircrafts to increase fuel efficiency
Strong and fire and chemical resistant
Helps to maintain the interior quality without adding weight
Decrease in manufacturing and assembling cost of aircraft
Merger, acquisition, expansion and new product launch are the key strategy

Market Restraints:

High safety standards
Stringent government regulations
Ecological regulations

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Competitive Analysis: Global Aerospace Interior Adhesive Market 

Global aerospace interior adhesive market is highly consolidated with the presence of a few players across different countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market. The report includes market shares of aerospace interior adhesive market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors: Global Aerospace Interior Adhesive Market 

Some of the major players in aerospace interior adhesive market include Henkel AG & Co. KGaA, Arkema S.A., 3M, Hintsman International LLC, Solvay, Avery Dennison Corporation, Hexcel Corporation, Dow, Best Klebstoffe GmbH & Co. KG, Master Bond Inc., Permabond LLC, 2Ton, CHEMSEALS, bostik, versum materials and others

Key Developments in the Market:

In September 2017, “Airbus and Boeing are the two leaders in aircraft manufacturing, constituting more than 60% of the market share,” said Shakeel Iqbal, a lead coatings, and pigments research analyst at Technavio

In October 2010, Satair aerospace for fastener distribution business acquires B/E Aerospace to cater customer base in the European and Asia Pacific regions and also expand product offerings. This business has an excellent OEM-oriented customer base and is highly complementary to our consumables management segment

In October 2017, H.B. Fuller’s company today announces it has finalized its acquisition of Royal Adhesives & Sealants for $1.575 billion. They are everywhere, making virtually any durable or consumer product better. Adhesives have the potential to make the world a better place, and H.B. Fuller is tapping adhesives in unique ways to improve a range of global issues.

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