Aerospace Adhesive & Sealants Market is expected to witness a CAGR of more than 5.4% between 2018 and 2023
The [154 Pages Report] "Aerospace Adhesives & Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-use Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), Aircraft Type, and Region - Global Forecast to 2023" The global aerospace adhesives & sealants market size is projected to reach USD 1 billion by 2023, at a CAGR of 5.4%. The aerospace adhesives & sealants market size is estimated to be USD 775 million in 2018. The high demand for lightweight and fuel-efficient next-generation aircraft is fueling the consumption of these adhesives and sealants. These products are used in the interior, exterior, and engine compartments of an aircraft.
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In 2017, the commercial aircraft segment accounted for the largest market share, in terms of value, followed by the military and general aviation segments. In APAC, the aerospace adhesives and sealants market is driven by the growing demand for air travel in countries such as China and India. This growth in demand for air travel can be attributed to the increasing disposable income of the middle-class population in these countries.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Aerospace Adhesive & Sealants Market, By Type
7 Aerospace Adhesive & Sealants Market, By Resin/Chemistry Type
8 Aerospace Adhesive & Sealants Market, By Technology Type
9 Aerospace Adhesive & Sealants Market, By User Type
10 Aerospace Adhesive & Sealants Market, By End-Use Industry
11 Aerospace Adhesive & Sealants Market, By Aircraft Type
12 Aerospace Adhesive & Sealants Market, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
The APAC aerospace adhesives and sealants market is segmented into China, Japan, India, South Korea, Thailand, Indonesia, and Rest of APAC. Over the past years, there has been an enormous increase in air traffic in APAC due to affordable fares offered by low-cost airlines. This increase in air traffic leads to a rise in demand for newer aircraft and associated services, which, in turn, drive the aerospace adhesives and sealants market in this region.
Major players operating in the aerospace adhesives and sealants market include 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).
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