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  • 19 July 2019 22:21

Aerospace Adhesives And Sealants Market By Resin Type, Technology, End Use Application, And Region To 2028

Aerospace Adhesives And Sealants Market By Resin Type (Epoxy, Silicone, Polyurethane), By Technology (Waterborne, Solvent Borne) By End Use Application (Commercial, Non–Commercial) And Region - Global Forecast To 2026

Introduction:

Aerospace adhesives and sealants are specialized materials that are used in manufacture and maintenance of aircrafts. These materials are essential components of an aircraft manufacturing process as they are often exposed to high-temperatures and high-pressure gradients during flights. Aerospace adhesives and sealants are primarily used in the aerospace industry for applications such as waterproofing, filling, bonding, and sealing. Common types of adhesives extensively used in aircraft manufacturing and maintenance processes include Epoxy and polyurethane adhesives.

The global Aerospace Adhesives And Sealants Market report has been segmented on the basis of type, technology, application, and region. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 10,898.9 Mn, compared to a moderately higher cumulative revenue total of US$ 14,190.3 Mn for the latter five years of the forecast period (2022–2026).

Global Aerospace Adhesives and Sealants Market Dynamics:

Increasing investment by governments and private organizations in the aerospace and defense industry, especially for development of newer and advanced aircrafts is boosting demand for advanced aerospace adhesives and sealants which is a major factor driving growth of the global aerospace adhesives and sealants market. In addition, rising demand for commercial and private aircrafts in developed economies is another major factor anticipated to fuel growth of the global aerospace adhesives and sealants market over the forecast period.

However, health hazards to workers caused due to presence of high amounts of volatile organic compounds (VOC) in aerospace adhesives and sealants is a major factor restraining growth of the global market. Also, stringent government and environmental regulations limiting use of aerospace adhesives and sealants that contain high VOC content is another factor anticipated to hamper growth of the global aerospace adhesives and sealants market to a significant extent. Additionally, high costs associated with research and development (R&D) of advanced aerospace adhesives and sealants is also a major factor limiting growth of the global market over the forecast period.

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Analysis By Segmentation:

The epoxy segment in the global aerospace adhesives and sealants market is estimated to account for a majority revenue share of 35.5% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 3,889.1 Mn, compared to a moderately higher cumulative revenue total of US$ 5,139.5 Mn for the latter five years of the forecast period (2022–2026)

An adhesive is a substance used to stick or bond objects, parts, materials etc. Aerospace adhesives are interchangeably used for glue, fixative, cement, binder, etc., and are used to assemble dissimilar materials of heavy weights, without screws, bolts, nuts, etc. Aerospace adhesives and sealants helps to improve uniform distribution of stresses and strains across bonded joints in aircrafts.

Aerospace adhesives and sealants are different from regular adhesives and sealants, as they can be exposed to high temperature and high pressure gradients. They also help in strengthening, and integrating parts of aircrafts by leaving null holes, rivets, or fastening elements to weaken the structure.

Increasing use of aerospace adhesives & sealants in various end-user industries such as commercial, general aviation, and military are expected to drive growth of the global aerospace adhesives & sealants market in the near future.

However, high costs associated with research & development for product innovation, and stringent regulations for patent certification are expected to hamper growth of the global aerospace adhesives & sealants market to a certain extent over the forecast period.

Companies profiled in the report are PPG Industries Inc., 3M Company, Royal Adhesives and Sealants, Cytec Industries Inc., Huntsman Corporation, United Resin Corporation, Hexcel Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay S.A.

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