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Global Aerospace Adhesives and Sealants Market: Rapid Growth and Key Trends Forecast for 2024-2029
Potential Growth Attributed to Rising Air Travel and Advanced Aircraft Technological DevelopmentsWhat Is The Projected Market Size Of The Global Aerospace Adhesives And Sealants Market And Its Growth Rate?
The aerospace adhesives and sealants market holds robust potential for growth.
• The historic period saw it surge from $1.75 billion in 2024 to $1.9 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.6%. This growth was driven by an increase in air travel, advancements in aircraft design, a focus on fuel efficiency, increased defense spending, and growing maintenance, repair, and overhaul (MRO) activities.
• Even more growth is expected in the forecast period, with the market predicted to reach $2.69 billion in 2029, progressing at a 9.1% CAGR. This surge is largely due to increasing demand for electric aircraft, the rising use of lightweight materials, the global expansion of commercial aviation, growing defense, and space exploration initiatives, alongside the integration of smart materials.
What Is Driving The Growth In The Aerospace Adhesives And Sealants Market?
The surge in air travel is one of the main propellers of the aerospace adhesives and sealants market. The manufacturing of air and spacecraft requires adhesives for various applications such as the creation of conductive circuits, wings, door moldings, interior trims, seats, and more. Sealants are utilized in applications like fuel tank sealing, cabin pressurization, electrical encapsulation, windshield and access door sealing, and form-in-place gasketing. For instance, data from the International Civil Aviation Organization (ICAO) reported a 76.2% increase in total traffic in June 2022 compared to June 2021, largely due to a strong rebound in international travel. Therefore, the escalating interest in air travel is driving the growth of the aerospace adhesives and sealants market.
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Who Are the Key Players Driving Aerospace Adhesives And Sealants Market Growth?
Key market players include:
• H.B. Fuller Company
• Henkel Corporation
• Minnesota Mining and Manufacturing Company
• PPG Industries Inc.
• Huntsman International LLC
• Cytec Solvay Group
• Dowdupont Inc.
• Bostik Inc.
• Lord Corporation, Hexcel Corporation
• Beacon AdhesivesInc.
• Permabond LLC
• Illinois Tool Works Inc.
• Dow Corning Corporation
• Royal Adhesives & Sealants
• Click Bond Inc.
• Solvay SA
• Avery Dennison Corporation
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• Dymax Corporation
• Hernon Manufacturing Inc.
And many others.
What Are The Key Trends In The Aerospace Adhesives And Sealants Market?
Significant market trends are focusing on R&D investments in aerospace technologies, rapid technological advancements, advancements in nanotechnology, a growing focus on automation and efficiency, and the increasing adoption of composite materials.
What Are The Segments Of The Global Aerospace Adhesives And Sealants Market?
The global aerospace adhesives and sealants market can be segmented by:
1) By Type: Adhesives, Sealants
2) By Adhesive Resin: Epoxy, Polyurethane, Other Adhesive Resins
3) By Sealants Resin: Polysulfide, Silicone, Other Sealants Resins
4) By Technology: Solvent-Based, Water-Based, Other Technologies
5) By Aircraft: Commercial, Military, Other Aircrafts
Which Region Leads The Aerospace Adhesives And Sealants Market?
North America held the largest share of the aerospace adhesives and sealants market in 2024. However, the fastest-growing region during the forecast period is expected to be Asia-Pacific. Other key regions mentioned in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Aerospace Adhesives And Sealants Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Adhesives And Sealants Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Adhesives And Sealants Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Adhesives And Sealants Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Adhesives And Sealants Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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