Aerospace adhesives and sealants differ from normal adhesives and sealants in that they are subjected to extreme pressure gradients and temperatures throughout their service life. Epoxy, polyurethane, silicone, and hybrid polymers are some of the high-performance resins utilized in the aerospace sector for waterproofing, bonding, filling, and sealing purposes. They are also used in aircraft components like fittings, pipelines, and panels, where they are mixed with volatile organic compounds.
MARKET SCOPE
The "Global Aerospace Adhesives & Sealants Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aerospace adhesives & sealants market with detailed market segmentation by type, resin type, end use, and geography. The report provides key statistics on the market status of the leading aerospace adhesives & sealants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into adhesives and sealants.
- On the basis of resin type, the market is segmented into epoxy, polyurethane, and others.
- On the basis of end use, the market is segmented into commercial, military, and general aviation.
MARKET DYNAMICS
Drivers:
- Growing requirement for lightweight and fuel-efficient aircraft is propelling the growth of aerospace adhesives and sealants market.
- In addition, a rise in air travel due to low-cost carriers in emerging nations also contributes to market expansion.
- In the near future, the increase in demand for commercial aircraft is likely to promote the growth of the aerospace adhesives and sealants industry.
Restraints:
- The market's expansion, however, is hampered by a fall in defense expenditures.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aerospace adhesives & sealants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aerospace adhesives & sealants market in these regions.
IMPACT OF COVID-19ON AEROSPACE ADHESIVES & SEALANTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the aerospace adhesives & sealants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aerospace adhesives & sealants market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace adhesives & sealants in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace adhesives & sealants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bostik
- DuPont
- H.B. Fuller
- Henkel AG and Company, KGaA
- Hexcel Corporation
- Huntsman Corporation
- Illinois Tool Works Inc.
- Parson Adhesives India Pvt. Ltd.
- Permabond LLC
- 3M
- PPG Industries
- Master Bond
- Cytec Solvay Group
- Sika AG
- Lord Corporation
- Eastman Chemical Company
- Hysol
- Contec
- Sil-Mid
- Lanxess AG