Aerospace Adhesives Market 2024 is Expected to Experience Significant Growth By 2032

𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 by Technology (Solvent borne, Waterborne, and Reactive), Resin Type (Epoxy, Silicone, Polyurethane, and Others), Function (Structural and Non-structural), and End User (Original Equipment Manufacturer & Maintenance, Repair, and Operations): Global Opportunity Analysis and Industry Forecast, 2023-2032." The global aerospace adhesives market size was valued at $0.9 billion in 2022, and is projected to reach $1.5 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/6109

The aerospace industry is being transformed with the aid of the adoption of superior production techniques such as additive manufacturing (3-D printing) and automated assembly tactics. In response to this shift, aerospace adhesives can adapt by means of formulating adhesives which might be ideal for bonding additives manufactured with additive strategies.

Although the move of aerospace sector toward electrification as well as development of electric propulsion systems and hybrid-electric aircraft pose challenges related to materials compatibility and weight considerations, aerospace adhesives serve as efficient bonding solutions and are lightweight, thus aligning with the growing trend of electrification. Furthermore, as the aerospace industry embraces sustainability goals, adhesives play an important role in improving the weight, efficiency and configuration of airframe components, contributing to the broader goals of environmentally friendly air travel.

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Key players operating in the global aerospace adhesives market include 3M, Huntsman Corporation, H.B. Fuller, Henkel, Illinois Tool Works Inc., PPG, Cytec Solvay Group, Hexcel Corporation, Bostik (Arkema), Dupont, Permabond, Lord Corporation, Master Bond, Scigrip Adhesives, General Sealants, and Beacon Adhesives. The companies are adopting strategies such as contract, partnership, acquisition, product launch, agreement, and others to improve their market positioning.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/aerospace-adhesives-market/purchase-options

The growth of the global aerospace adhesives market is driven by factors such as increase in number of aircraft and air passengers, surge in penetration of composites in aircraft manufacturing, and rise in demand for lightweight and fuel-efficient aircraft. However, increase in need for high-quality adhesives to bond lightweight material and delay in aircraft deliveries hamper the growth of the market. On the contrary, surge in demand for commercial aircraft and advancements in aircraft are expected to offer remunerative opportunities for the expansion of the aerospace adhesives market during the forecast period.

The North America aerospace adhesives market is analyzed across the U.S., Canada, and Mexico. For instance, North American passenger traffic in July 2023 grew 17.7% compared to the same period in 2022, according to IATA. In addition, capacity rose by 17.2%, and the load factor showed improvement, increasing by 0.3 percentage points to reach 90.3%. Increased air traffic and capacity in North American carriers means increased operational consolidation in the airline industry. The need for maintenance and repair work increases with the expansion of airlines. This increases the demand for aerospace adhesives for a variety of applications.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Region wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting more than one-fourth of the aerospace adhesives market revenue, and is likely to dominate the market during the forecast period, as there is increase in demand for new commercial and cargo aircraft in various countries of the region. Moreover, Asia-Pacific is expected to witness the fastest CAGR of 6.0% from 2023 to 2032, owing to rise in the demand for aviation and maintenance services is likely to indirectly contribute to an increased requirement for adhesives utilized in these service activities.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/6109

As per end user, the original equipment manufacturer segment accounted for the largest share in 2022, accounting for more than two-thirds of the global aerospace adhesives market revenue, and is estimated to maintain its leadership status throughout the forecast period as OEMs continue to manufacture and assemble new airplanes to meet the growing demand for air travel. However, the maintenance, repair and operations segment are projected to garner the highest CAGR of 5.8% from 2023 to 2032, owing to ongoing requirement for MRO activities to uphold the airworthiness of aging fleets.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By technology, the reactive segment is anticipated to exhibit significant growth in the near future.

By resin type, the epoxy segment is anticipated to exhibit significant growth in the near future.

By function, the non-structural segment is anticipated to exhibit significant growth in the near future.

By end-user, the maintenance, repair, and operations segment is anticipated to exhibit significant growth in the near future.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/en/news-release/2022/05/31/2453540/0/en/Aviation-Analytics-Market-to-Garner-8-21-Billion-by-2030-Allied-Market-Research.html

𝐈𝐨𝐓 𝐢𝐧 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/en/news-release/2023/03/03/2620000/0/en/IoT-in-Aviation-Market-Is-Expected-to-Reach-8-55-Billion-by-2031-Allied-Market-Research.html

𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚 𝐀𝐢𝐫 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐌𝐑𝐎 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/en/news-release/2023/11/07/2774639/0/en/Southeast-Asia-Air-Transport-MRO-Market-to-Reach-13-481-3-Million-by-2032-at-7-8-CAGR-Allied-Market-Research.html

𝐀𝐞𝐫𝐢𝐚𝐥 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/aerial-imaging-market-to-reach-8-52-bn-globally-by-2030-at-14-2-cagr-allied-market-research-301467316.html

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