Aerospace Adhesives Market Analysis 2023-2032 : Technology, Resin Type, Function, End-user, and Competitive Landscape Insights

According to a new report published by Allied Market Research, titled, "Aerospace Adhesives Market," The aerospace adhesives industry was valued at $0.9 billion in 2022, and is estimated to reach $1.5 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.

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.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6109

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.

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.

The U.S. is one of the leading markets for aircraft adhesives. Major players like 3M, Huntsman Corporation, H.B. Fuller and PPG Industries are contributing to further increases in market demand. In addition, domestic manufacturers are developing adhesives to improve efficiency and effectiveness in aircraft maintenance and repair For example, in April 2023, PPG, a global supplier of paints, coatings and specialty products for it launched a new product called SEMCO Sealant Removal, Mixing & Application Kit. Such developments to produce cost-efficient adhesive solutions are expected to encourage increased use of aerospace adhesives in the aerospace industry. Furthermore, the focus on sustainable development is expected to contribute significantly to the high growth of the market.

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

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐰𝐚𝐫

On February 24, 2022, Russia launched an invasion of Ukraine, causing an ongoing conflict that began in 2014. The Russian invasion and subsequent sanctions created many challenges for the airline industry e.g. Thirty-six countries, including members of the European Union, the UK and the US, have closed their airports to Russian airlines. In response, Russia has reciprocated by restricting airlines from most of these countries from entering or flying over its airspace.

Moreover, the conflict has had a substantial impact on the aerospace adhesives market, primarily due to disruptions in the supply chain of critical raw materials. Russia, a key producer of titanium-a material widely utilized in the aerospace industry for its durability and lightweight characteristics, particularly in widebody aircraft-has faced interruptions in its supply chain. Leading aircraft manufacturers such as Boeing and Airbus are grappling with difficulties in ensuring a consistent supply of titanium. This supply chain disruption poses obstacles for aerospace adhesives manufacturers, given that titanium is a crucial component in various aircraft structures.

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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/6109

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

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,
Beacon Adhesives.

The companies are adopting strategies such as contract, partnership, acquisition, product launch, agreement, and others to improve their market positioning.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Aircraft Sensors Market :
https://www.alliedmarketresearch.com/aircraft-sensors-market-A06225

Aircraft Window Frame Market :
https://www.alliedmarketresearch.com/aircraft-window-frame-market-A31492

Aircraft Cabin Lighting Market :
https://www.alliedmarketresearch.com/aircraft-cabin-lighting-market

Ultralight Aircraft Market :
https://www.alliedmarketresearch.com/ultralight-aircraft-market

Aircraft Lighting Market :
https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.