Aerospace Adhesives & Sealants

Aerospace Adhesives & Sealants Market to Exceed $ 1.55 Billion by 2027 Aerospace Adhesives & Sealants Market (By Sealants Resin: Silicone, Polysulfide, and Others; By Adhesive Resin: Polyurethane, Epoxy, and Others; By Aircraft: Military, Commercial, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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The aerospace adhesives & sealants market is expected to exhibit a CAGR of 5.5% from 2021 to 2027 and is projected to reach US$ 1.55 Billion by 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global aerospace adhesives & sealants market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global aerospace adhesives & sealants market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the aerospace adhesives & sealants industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Adhesive is an important substance that binds together one or more surfaces of two different components to bind them together as well as resists their separation. Aerospace adhesives are used mostly in interior, exterior, and engine compartment of an aircraft. Physical properties of an aviation sealant and glue include high protection from heat along with the responses of substances.

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Growth Factors

Aerospace sector impart great significance on the economy of a country because of which the demand of aerospace adhesives and sealants are subsequently expected to grow. The industry contributes significantly towards the national growth and hence has attracted numerous investors and stakeholders over the past decades. Thus, the above mentioned factors notably drive the market for aerospace adhesives & sealants. Furthermore, growth in the air logistics sector because of rise in e-commerce industry is the other most prominent factor that contributes towards the market growth.

Report Highlights

  • North America led the global market with a volume share of over 37% in 2019 because of increased focus of the U.S. government to strengthen its military force
  • The Asia Pacific exhibits significant growth rate of around 6.5% during the upcoming period owing to rapid boost in the air passenger traffic coupled with the demand for new aircrafts
  • Based on adhesive resins, epoxy led the global market and accounted for a value share of over 46%in 2019 because of its properties and large number of applications in the industry
  • Polyurethane expected to be the most lucrative segment in adhesive resins and projected to grow at a CAGR of around 6% during the forecast timeframe, in terms of volume.
  • The commercial aircraft segment dominated the global market accounting for a share of more than half of the total market volume in 2019 due to rising indirect demand for new commercial aircraft
  • Surge in demand for new and advanced military aircraft that include patrol, transports, and fighters projected to impel the growth of military segment in the global market

Regional Snapshots

North America emerged as a global leader in the global aerospace adhesives & sealants market accounting for a volume share of more than 37% in 2019 mainly because of increased spending by the government of United States on their military technology. In 2019, total defense spending by the U.S. was around USD 718 Billion, yet the figure has decreased compared to previous years that amounted to USD 849 Billion in 2010. Additionally, defense sector witness consolidation with top ten players capturing more than 50% of the global share, out of which seven major players are based in the U.S. Hence, the above mentioned factors have contributed significantly for the market growth in the region.

On the other hand, the Asia Pacific seeks to be the most opportunistic market owing to the increasing demand for new commercial aircrafts in the region mainly because of increased passenger traffic in the region. As per a recent report of Boeing Pilot & Technician Outlook in 2019, the region expected to have a demand for 17,000 new commercial aircrafts by the year 2039. Among other Asian countries, China is the front-runner in terms of demand for new commercial aircrafts mainly because of its exponential growth in the tourism sector.

Related Reports

  • High Performance Adhesives Market – The global market was valued at USD 30.5 billion in 2019 and projected to hit over USD 40.5 billion by 2027 with registered a compound annual growth rate (CAGR) of around 6.32% during forecast period 2020 to 2027.
  • Adhesives and Sealants Market – The global market size was valued at US$ 44.1 billion and US$ 10.4 billion respectively in 2019 and expected to grow at a compound annual growth rate (CAGR) of 6.7% and 6.1% during the forecast period 2020 to 2027.
  • Hot Melt Adhesives Market – The global market was valued at USD 6.53 Billion in 2019 and expected to reach USD 9.95 billion by 2027, with at a compound annual growth rate (CAGR) of 5.4% during the forecast period 2020 to 2027.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global aerospace adhesives & sealants market are as follows:

  • B. Fuller
  • Henkel Corporation
  • 3M
  • PPG Industries Inc.
  • Huntsman International LLC
  • Cytec Solvay Group
  • Dowdupont
  • Bostik
  • Lord Corporation (Parker Hannifin Corp)
  • Hexcel Corporation

Market Segmentation

By Sealants Resin

  • Silicone
  • Polysulfide
  • Others

By Adhesive Resin

  • Polyurethane
  • Epoxy
  • Others

By Aircraft

  • Military
  • Commercial
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global aerospace adhesives & sealants market. It examines trends and factors influencing demand for aerospace adhesives & sealants globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for aerospace adhesives & sealants across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on aerospace adhesives & sealants. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global aerospace adhesives & sealants market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for aerospace adhesives & sealants are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Aerospace Adhesives & Sealants Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Aerospace Adhesives & Sealants Market

5.1. Covid-19: Aerospace Adhesives & Sealants Industry Impact
5.2. Aerospace Adhesives & Sealants Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Aerospace Adhesives & Sealants Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Aerospace Adhesives & Sealants Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Aerospace Adhesives & Sealants Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Passengers for Aircrafts
6.1.1.2. Rising Demand for Light Weight Aircrafts
6.1.2. Market Restraints
6.1.2.1. Reduced Spending on Defense Sector in Developed Countries
6.1.3. Market Opportunities
6.1.3.1. Increasing Demand for Commercial Aircraft
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Aerospace Adhesives & Sealants Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Aerospace Adhesives & Sealants Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Aerospace Adhesives & Sealants Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Aerospace Adhesives & Sealants MarketVolume by Manufacturer (2015-2020)
7.1.1.4. Aerospace Adhesives & Sealants MarketVolume Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Aerospace Adhesives & Sealants Market, By Sealants Resins

8.1. Aerospace Adhesives & Sealants Market, by Sealants Resins, 2016-2027
8.1.1. Silicone
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Volume and Forecast (2016-2027)
8.1.2. Polysulfide
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Volume and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Volume and Forecast (2016-2027)

Chapter 9. Global Aerospace Adhesives & Sealants Market, By Adhesive Resin

9.1. Aerospace Adhesives & Sealants Market, by Adhesive Resin, 2016-2027
9.1.1. Polyurethane
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Volume and Forecast (2016-2027)
9.1.2. Epoxy
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Volume and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Volume and Forecast (2016-2027)

Chapter 10. Global Aerospace Adhesives & Sealants Market, By Aircraft

10.1. Aerospace Adhesives & Sealants Market, by Aircraft, 2016-2027
10.1.1. Military
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.1.2. Market Volume and Forecast (2016-2027)
10.1.2. Commercial
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.2.2. Market Volume and Forecast (2016-2027)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.3.2. Market Volume and Forecast (2016-2027)

Chapter 11. Global Aerospace Adhesives & Sealants Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Volume Forecast by Sealant Resins (2016-2027)
11.1.2. Market Revenue and Volume Forecast by Adhesive Resins (2016-2027)
11.1.3. Market Revenue and Volume Forecast by Aircraft (2016-2027)
11.1.4. U.S
11.1.4.1. Market Revenue and Volume Forecast (2016-2027)
11.1.5. Canada
11.1.5.1. Market Revenue and Volume Forecast (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast by Sealant Resins (2016-2027)
11.2.2. Market Revenue and Volume Forecast by Adhesive Resins (2016-2027)
11.2.3. Market Revenue and Volume Forecast by Aircraft (2016-2027)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast (2016-2027)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast (2016-2027)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast (2016-2027)
11.2.7. Rest of EU
11.2.7.1. Market Revenue and Volume Forecast (2016-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue and Volume Forecast by Sealant Resins (2016-2027)
11.3.2. Market Revenue and Volume Forecast by Adhesive Resins (2016-2027)
11.3.3. Market Revenue and Volume Forecast by Aircraft (2016-2027)
11.3.4. China
11.3.4.1. Market Revenue and Volume Forecast (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Volume Forecast (2016-2027)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast (2016-2027)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast (2016-2027)
11.4. LATAM
11.4.1. Market Revenue and Volume Forecast by Sealant Resins (2016-2027)
11.4.2. Market Revenue and Volume Forecast by Adhesive Resins (2016-2027)
11.4.3. Market Revenue and Volume Forecast by Aircraft (2016-2027)
11.4.4. Brazil
11.4.4.1. Market Revenue and Volume Forecast (2016-2027)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue and Volume Forecast (2016-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue and Volume Forecast by Sealant Resins (2016-2027)
11.5.2. Market Revenue and Volume Forecast by Adhesive Resins (2016-2027)
11.5.3. Market Revenue and Volume Forecast by Aircraft (2016-2027)
11.5.4. GCC
11.5.4.1. Market Revenue and Volume Forecast (2016-2027)
11.5.5. North Africa
11.5.5.1. Market Revenue and Volume Forecast (2016-2027)
11.5.6. South Africa
11.5.6.1. Market Revenue and Volume Forecast (2016-2027)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue and Volume Forecast (2016-2027)

Chapter 12. Company Profiles

12.1. H.B. Fuller
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.1.4. Recent Developments and Strategies
12.2. Henkel Corporation
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.2.4. Recent Developments and Strategies
12.3. 3M
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.3.4. Recent Developments and Strategies
12.4. PPG Industries Inc.
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.4.4. Recent Developments and Strategies
12.5. Huntsman International LLC
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.5.4. Recent Developments and Strategies
12.6. Cytec Solvay Group
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.6.4. Recent Developments and Strategies
12.7. Dowdupont
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.7.4. Recent Developments and Strategies
12.8. Bostik
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.8.4. Recent Developments and Strategies
12.9. Lord Corporation (Parker Hannifin Corp)
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.9.4. Recent Developments and Strategies
12.10. Hexcel Corporation
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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