Aerospace Adhesives & Sealants Market to Gain Significant Growth owing to Rising Demand for Fuel-efficient and Lightweight Aircraft

Market Scope & Overview 2023

The aerospace adhesives & sealants market reached a valuation of USD 2.21 Billion in 2022, and it is anticipated to attain USD 3.42 Billion by 2030 with a compound annual growth rate (CAGR) of 5.6% during the period from 2023 to 2030, as per the SNS Insider report.

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The Major Key Company Profiles included in Aerospace Adhesive And Sealants market study are:

PPG Industries Inc.
Royal Adhesives and Sealants
Huntsman Corporation
Beacon Adhesives Inc
Henkel AG and Company
Solvay Group
Hexcel Corporation
3M
Cytec Industries Inc.
United Resin Corporation

Aerospace adhesives and sealants are indispensable materials that enable the design, construction, and maintenance of modern aircraft and spacecraft. Their exceptional bonding, sealing, and durability properties contribute significantly to the safety, performance, and efficiency of aerospace systems, propelling the industry forward into new frontiers of exploration and travel.

Market Analysis

The increasing focus on extending aircraft lifespans through effective MRO practices has resulted in a higher demand for aerospace adhesives & sealants market. These materials are essential for repairs and modifications, enabling MRO teams to efficiently address structural issues and maintain airworthiness. Ongoing research and development in adhesive and sealant technologies have led to the emergence of innovative products with enhanced properties.

Impact of Recession

The aerospace industry, including the aerospace adhesives & sealants market, faces distinct challenges during a recession. Lower demand, supply chain disruptions, and reduced R&D spending can impact the industry's growth and innovation. However, companies that adapt to the changing landscape by focusing on cost-effectiveness, aftermarket opportunities, and government support stand a better chance of weathering the storm and emerging stronger post-recession.

Segmentation Analysis

The aerospace adhesives & sealants market is poised for significant growth, with the adhesives segment and the MRO segment playing pivotal roles. Adhesives offer lightweight, versatile, and reliable solutions that cater to the industry's increasing demands for efficiency and safety. Simultaneously, the MRO segment's reliance on adhesives ensures the longevity and continued airworthiness of the aging aircraft fleet.

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The Aerospace Adhesive And Sealants Market Segments and Sub-Segments are Listed Below:

By Type

Adhesives
Sealants

By Resin Type

Epoxy
Silicone
Polyurethane
Others

By Technology Type

Solvent-based
Water-based
Others

By User Type

Original equipment manufacturer (OEM)
Maintenance repair and operations (MRO)
By End-Use Industry

Commercial
Military
General Aviation

By Aircraft Type

Single Aisle
Regional Jets
Small Wide Body
Medium Wide Body
Large Wide Body

Regional Status & Analysis

As the aerospace industry continues to soar to new heights, Asia Pacific has cemented its position as the dominant force in the aerospace adhesives & sealants market. The region's booming aerospace industry, strong governmental support, technological advancements, collaborations, and increasing demand for air travel and defense equipment have all played pivotal roles in this achievement. As Asia Pacific's influence expands, it is poised to reshape the global aerospace adhesives and sealants market, setting new standards for performance, safety, and sustainability.

Conclusion

The market is on an upward trajectory, driven by the aerospace industry's continuous pursuit of enhanced safety, performance, and efficiency. As demand for fuel-efficient and lightweight aircraft grows, so does the need for innovative bonding solutions. The evolution of composites and the increasing focus on MRO practices also contribute to the market's expansion. Furthermore, ongoing technological advancements in adhesive and sealant formulations ensure that the industry remains dynamic and adaptable to future aerospace challenges.

Frequently Asked Questions/ Key Reasons to Purchase this Report

>What is the projected outlook for aerospace adhesives & sealants market growth?
Ans- The market is projected to surpass USD 3.42 billion by the year 2030.

>What are the major factors influencing the aerospace adhesives & sealants market?
Ans- The future of the market looks promising, with opportunities for manufacturers, suppliers, and stakeholders to play a significant role in shaping the industry's trajectory.

>Who are the leading players in the aerospace adhesives & sealants market?
Ans- PPG Industries Inc., Beacon Adhesives Inc., Henkel AG and Company, Royal Adhesives and Sealants, Huntsman Corporation, Solvay Group, Hexcel Corporation, United Resin Corporation.

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Table of Contents - Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Global Aerospace Adhesives & Sealants Market, By Type
9. Global Aerospace Adhesives & Sealants Market, By resin type
10. Global Aerospace Adhesives & Sealants Market, By Technology Type
11. Global Aerospace Adhesives & Sealants Market, By user type
12. Global Aerospace Adhesives & Sealants Market, By end-user industry
13. Global Aerospace Adhesives & Sealants Market, By Aircraft Type
14. Regional Analysis
15. Company Profiles
16. Competitive Landscape
17. Conclusion

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This release was published on openPR.