Press release
Explore the Aerospace Adhesives and Sealants Market: Key Drivers & Forecast
According to the report by Expert Market Research (EMR), the global aerospace adhesives and sealants market size reached a value of USD 1.22 billion in 2023. Aided by burgeoning demand for lightweight materials, fuel-efficient aircraft, and advanced composite structures, the market is projected to further grow at a CAGR of 5.70% between 2024 and 2032 to reach a value of USD 2.00 billion by 2032.In aviation sector, where precision, durability, and safety are paramount, aerospace adhesives and sealants play a pivotal role in ensuring the integrity and performance of aircraft components. The aerospace sector's expansion is significantly influenced by the demand for aerospace adhesives and sealants. The continuous backing for commercial air transport, particularly in emerging markets, is driving the need for these products as they play a vital role in the maintenance, repair, and production of aircraft. Another important trend fuelling the aerospace adhesives and sealants market growth is the increasing focus on reliability and safety. These products are crucial for ensuring the structural integrity of aircraft through proper maintenance and repair. The rising demand for durable adhesives and sealants that provide long-lasting sealing and bonding functions is also contributing to market growth.
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Moreover, the escalating demand for commercial air travel, driven by rising disposable incomes, urbanisation, and globalisation, further fuels market growth. As airlines seek to expand their fleets and modernise their aircraft to meet growing passenger demand, the demand for aerospace adhesives and sealants continues to rise, underpinning the production of next-generation aircraft with enhanced efficiency and safety features, consequently driving up the aerospace adhesives and sealants market share.
Central to the evolution of the aerospace adhesives and sealants market is a continuum of technological advancements aimed at enhancing performance, reliability, and sustainability. From high-temperature-resistant adhesives capable of withstanding extreme operating conditions to low-VOC (volatile organic compound) sealants that minimise environmental impact, aerospace manufacturers are at the forefront of innovation in materials science and engineering, leading to aerospace adhesives and sealants market expansion.
Furthermore, the advent of advanced manufacturing techniques, such as automated application systems and robotic assembly processes, has streamlined production workflows and enhanced efficiency, driving down costs and accelerating time-to-market for aerospace components. By harnessing the power of automation and digitisation, aerospace manufacturers can achieve unparalleled precision and consistency in adhesive and sealant application, ensuring optimal performance and safety in the final product.
The market is expected to experience substantial growth in the near future, driven by the increasing use of commercial aircraft and a growing focus on safety measures to prevent accidents. Moreover, there is a rising demand for durable components to enhance the efficiency and maintenance of aircraft, leading to a higher demand for top-notch aerospace adhesives and sealants, leading to aerospace adhesives and sealants market development.
While the demand for aerospace adhesives and sealants is global in scope, regional variations and market dynamics shape consumption patterns and market preferences. Established aerospace manufacturing hubs in North America and Europe, home to leading aircraft OEMs (original equipment manufacturers) and suppliers, command a significant share of the global market, driven by robust investments in research and development, technological innovation, and regulatory compliance.
As per the aerospace adhesives and sealants market analysis, emerging aerospace markets in Asia-Pacific and the Middle East present lucrative opportunities for market expansion, fuelled by rapid urbanisation, infrastructure development, and increasing defence spending. China, in particular, has emerged as a key player in the global aerospace sector, leveraging its manufacturing capabilities and technological prowess to become a formidable force in aircraft production and innovation.
Market Segmentation
The market can be divided based on the type, technology, user type, end use, and region
Market Breakup by Type
Adhesives
Epoxy
Polyurethane
Others
Sealants
Polysulfide
Silicone
Others
Market Breakup by Technology
Solvent-Based
Water-Based
Others
Market Breakup by User Type
MRO
OEM
Market Breakup by End Use
Commercial
Military
General Aviation
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global aerospace adhesives and sealants market. Some of the major players explored in the report by Expert Market Research are as follows:
3M Company
Henkel AG & Co. KGaA
Huntsman International LLC
PPG Industries, Inc.
Solvay S.A.
B. Fuller Company
Arkema Group (Bostik SA)
Avery Dennison Corporation
Beacon Adhesives, Inc
Master Bond Inc.
Others
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Media Contact:
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Contact Person: Anna Poliatova, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
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