Aerospace Adhesives Market Outlook 2031
The global aerospace adhesives market size was USD 943.2 Million in 2022 and is expected to reach USD 1.43 Billion by 2031 register a significant CAGR 4.8% during the forecast period, 2023–2031. The growth of the market is attributed to the growing penetration of composites in aircraft manufacturing and increasing government expenditure on defense.
Adhesives are substances applied to at least one surfaces of two separate parts to adhere them together and oppose their partition. Aerospace adhesives is used in interior, exterior, and engine cabinet of the aircraft, which includes the overhead lockers to the handy seat trays and even the interior floor lighting. Physical properties such as high protection from warmth and its broad use in the aeronautic work line is increasing the demand for aerospace adhesives.
Adhesives manufacturers are investing in research and development to create better adhesives with advance technology. Aerospace parts, materials, and engines require high quality adhesives to provide reliable and safe fleet to aerospace line.
Aerospace Adhesives Market Trends, Drivers, Restraints, and Opportunities
- The growth in demand for innovative military aircraft including patrol, transports, and fighters is anticipated to spur the growth of the market.
- Increasing demand for lightweight and fuel-efficient aerial vehicles is estimated to contribute to the market growth.
- Rising demand for low-cost carriers and fire resistance adhesives is anticipated to propel the market growth.
- Stringent environmental guidelines forced by the government on aerospace adhesives can hinder the growth of the market.
- Low compatibility of aerospace adhesives in low temperature environment can create challenges for the market growth.
- Usage of combined carbon nanotubes and nano additives with epoxy adhesives can create lucrative opportunities during the forecast period.
Scope of The Aerospace Adhesives Market Report
The report on the global aerospace adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Aerospace Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Resin Types (Polyurethane, Epoxy, Silicone, and Others), Technology (Solvent-borne, Waterborne, and Reactive), Function types (Structural and Non-Structural), and End-Users (Original Equipment Manufacturers (OEMs) and Maintenance Repair & Operations (MRO))
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Cytec Solvay Group; Hexcel Corporation; Henkel Adhesives Technologies; 3M; and Huntsman International LLC
|
Aerospace Adhesives Market Segment Insights
Epoxy segment to expand at a robust CAGR
On the basis of resin types, the aerospace adhesives market is segregated into polyurethane, epoxy, silicone, and others. The epoxy segment is projected to expand at a considerable CAGR during the forecast period. Epoxy exhibits properties such as chemical resistance and high adhesion.
It provides protection against corrosive environments and it has liquid reactive polymer. Such characteristics are anticipated to increase the demand for epoxy adhesives in military, aviation, and commercial sectors.
Waterborne segment to grow at a rapid pace
Based on technology, the market is segregated into solvent-borne, waterborne, and reactive. The waterborne segment is estimated to grow at a rapid pace due its environmentally friendly nature. Additionally, it contains high-water content and retains low toxicity that marks its increased acceptance as a less combustible technology.
This type of adhesive suffices the expanding interest for lightweight, environmentally friendly, and proficient airplane, which drives the development of water-solvent cement in the aviation glues market.
Structural segment is projected to account for a significant market share
In terms of functional types, the market is bifurcated as structural and non-structural. The structural segment is projected to account for a significant market share during the forecast period. Structural adhesives are essential for aerospace bonding applications in both interior and airframes for both composite-to-metal and composites bonds only. Adhesives likewise work extraordinarily in specific applications as shims and surfacing films are utilized for lightning strike protection.
Original equipment manufacturers (OEMs) segment is anticipated to constitute a key market share
Based on end-users, the market is classified as original equipment manufacturers (OEMs) and maintenance repair & operations (MRO). The original equipment manufacturers (OEMs) is expected to constitute a key share of the market during the forecast period. Rising aerospace business worldwide is projected to drive the growth for aerospace adhesive manufacturers. Adhesives are used in various places such as displays, seats, cockpit doors, lights, AC, fasteners, and electronics.
The market of North America is anticipated to exhibit a high CAGR
On the basis of regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period. Expanded spotlight on reinforcing the military by the US government is driving the development of the aerospace adhesives market.
The thriving manufacturing of commercial and passenger aircrafts along with the rising exports of aircraft parts are anticipated to increase the demand for aerospace adhesives in the region.
Segments
The global aerospace adhesives market is segmented on the basis of:
Resin Types
- Polyurethane
- Epoxy
- Silicone
- Others
Technology
- Solvent-borne
- Waterborne
- Reactive
Function Types
- Structural
- Non-Structural
End-Users
- Original Equipment Manufacturers (OEMs)
- Maintenance Repair & Operations (MRO)
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The key players competing in the aerospace adhesives market are Cytec Solvay Group; Hexcel Corporation; Henkel Adhesives Technologies; 3M; and Huntsman International LLC.
Request For Customization
Enquiry Before Buying
Speak With Analyst
