Aerospace Adhesive & Sealants Market to Reach CAGR of 5.4% – Forecast 2023
The 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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Browse 91 market data Tables and 39 Figures spread through 154 Pages and in-depth TOC on "Aerospace Adhesives & Sealants Market “
Aerospace adhesives & sealants are used in the interior, exterior, and engine compartment of an aircraft. The market is driven by the rising demand for aerospace adhesives and sealants from OEMs and MROs in the commercial, military, and general aviation end-use industries.
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
Aerospace adhesives & sealants are used in various end-use industries such as commercial, military, and general aviation. The commercial segment is the largest end-use industry of aerospace adhesives & sealants. The current surge in demand for commercial aircraft globally bodes well for leading OEMs and their suppliers. Boeing and Airbus presently have combined orders of over 9,000 commercial aircraft. This demand drives the market of aerospace adhesives & sealants in the commercial end-use industry.
North America is estimated to account for the largest share, in terms of volume and value, of the overall Aerospace Adhesives & Sealants Market in 2018. However, the market in APAC is projected to witness the highest growth during the forecast period. The emerging middle-class population and rising disposable income levels are expected to further add to the demand in this region as people prefer traveling by air, leading to the rise in demand for newer aircraft and associated services. This will, in turn, drive the Aerospace Adhesives & Sealants Market in APAC.
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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