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Aerospace Interior Adhesive Market: Industry Research Update, Size, Share, Future Scope And Forecast To 2033
Aerospace Interior Adhesive Market
As per the report, the aerospace interior adhesive market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The aerospace interior adhesive market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Increasing Number Of Flyers Driving Growth In The Aerospace Interior Adhesive Market
The rise in the number of flyers is expected to propel the growth of the aerospace interior adhesive market going forward. Major airline companies are boosting their flight schedules after experiencing an increase in customer demand. Additionally, these companies are investing in the purchase of new aircraft to meet the increased air travel demand across the globe. The increase in number of flyers is expected to boost demand for interior adhesive, as they are vital component in new aircraft construction and repair of existing aircraft. For instance, in March 2022, according to an article published by International Air Transport Association, a Cuba-based world's airline trade association, international traveler numbers in 2021 will be 27% higher than in previous years. This figure is expected to rise to 69% by 2022, 82% by 2023, 92% by 2024, and 101% by 2025. The International Air Transport Association (IATA) predicts that total traveller numbers will exceed 4.0 billion in 2024 (counting multi-sector connecting trips as one passenger), surpassing pre-COVID-19 levels. Therefore, the growth in the number of flyers is expected to boost demand for aerospace interior adhesives market during the forecast period.
Advancements In Aerospace Interior Adhesives
Technological advancements are the key trend gaining popularity in the aerospace interior adhesive market. Major companies operating in the market are introducing new innovative products such as the Acrylate Structural Adhesives that can be applied efficiently at customer sites. For instance, in June 2021, Solvay S.A., a Belgium-based manufacturer of plastics and chemicals, launched AeroPaste 1006, 1009, and 1100 adhesive pastes, as well as BR 179 non-chromate primer. These groundbreaking aerospace adhesive and surfacing technology advancements not only improve part assembly efficiency but also provide unrivalled processing flexibility, making them ideal for ever-increasing production rates. AeroPaste is Solvay's new generation of epoxy-based structural paste adhesives that provide film-like properties and performance that are comparable or superior to the market's leading film adhesives. This new portfolio of paste adhesives, designed specifically for rapid assembly and automation, will support industrialization requirements in the aerospace industry.
The aerospace interior adhesive market covered in this report is segmented -
1) By Resin Type: Epoxy, Polyurethane, Acrylic, Cyanoacrylate, Other Types
2) By Aircraft Type: Single Aisle, Small Wide Body, Medium Wide Body, Large Wide Body, Regional Jets
3) By Application Type: Seats, Inflight entertainment, Lavatory, Interior panels, Galley, Stowage bins, Other Applications
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Major companies operating in the aerospace interior adhesive market include Henkel AG & Co.KGaA, Huntsman Corporation, Arkema S.A., Solvay S.A., Minnesota Mining and Manufacturing Company, PPG Industries Inc., Cytec Industries Inc., Hexcel Corporation, Beacon Adhesives Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corporation, Hernon Manufacturing Inc., Hylomar Ltd., L&L Products, LORD Corporation, Master Bond Inc., Parson Adhesives Inc., Permabond LLC, Royal Adhesives & Sealants, Specialty Polymers and Services Inc., Ellsworth Adhesives India Pvt Ltd., Chemence Inc., Creative Materials Inc., Dow Corning Corporation, Franklin International Group Ltd., General Sealants Inc., H.B. Fuller India Adhesives Pvt Ltd., Illinois Tool Works Performance Polymers
Contents of the report:
1. Executive Summary
2. Aerospace Interior Adhesive Market Report Structure
3. Aerospace Interior Adhesive Market Trends And Strategies
4. Aerospace Interior Adhesive Market - Macro Economic Scenario
5. Aerospace Interior Adhesive Market Size And Growth
…..
27. Aerospace Interior Adhesive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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