Global Aerospace Adhesives Market Size By Product, By Application, By Geographic Scope And Forecast
Report ID: 14129|No. of Pages: 202
Global Aerospace Adhesives Market Size By Product, By Application, By Geographic Scope And Forecast
Aerospace Adhesives Market Size And Forecast
Aerospace Adhesives Market size was valued at USD 1.1 Billion in 2024 and is projected to reach USD 1.64 Billion by 2031, growing at a CAGR of 5.1% during the forecast period 2024-2031.
Global Aerospace Adhesives Market Drivers
The market drivers for the Aerospace Adhesives Market can be influenced by various factors. These may include:
- Growth In The Aerospace Industry: The market for aerospace adhesives is greatly boosted by the growing demand for commercial aircraft, which is fueled by an increase in passenger traffic and the growth of airline fleets. This expansion is also facilitated by the defense industry, which purchases UAVs and military planes.
- Technological Developments: High-performance, lightweight, and long-lasting adhesives have been developed, which has improved their suitability for use in aerospace components. This covers developments in adhesives such as acrylic, silicone, epoxy, and polyurethane.
- Transition To Lightweight Materials: The aerospace sector is using lighter materials, such as composites, more frequently. These materials call for specific adhesives. These materials contribute to aircraft weight reduction, which improves fuel efficiency and lowers operating expenses.
- Strict Safety And Performance Criteria: The demand for premium aircraft adhesives is driven by the necessity for adhesives that satisfy the strict safety and performance criteria established by aviation regulatory authorities. The dependability and security of adhesives used in vital applications are guaranteed by these rules.
- Emphasis On Emissions Reduction And Fuel Efficiency: The aerospace industry’s focus on lowering emissions and increasing fuel efficiency encourages the use of adhesives that help create lighter, more aerodynamic aircraft structures.
- Enhanced Activities Related To Maintenance, Repair, And Overhaul (MRO): The need for aerospace adhesives used in maintenance, repair, and overhaul (MRO) operations is driven by the expanding fleet of aircraft and their requirement for routine maintenance and repairs.
- Expansion In Emerging Markets: The Aerospace Adhesives Market has a lot of prospects due to the rapidly expanding aerospace sector in emerging economies, especially in the Asia-Pacific area. Nations such as China and India are making significant investments in new aircraft and aviation infrastructure.
- Collaborations And Strategic Partnerships: Businesses in the aircraft adhesives sector frequently work together to broaden their product offers and customer base. These calculated actions improve market penetration while meeting the unique requirements of various aircraft businesses.
- Environmental Rules And Sustainability Initiatives: The need for sustainable and eco-friendly products is resulting in the creation of eco-friendly adhesives that abide by environmental laws without sacrificing functionality.
- Enhanced Performance Requirements: Adhesives used in modern aircraft applications must be able to endure high pressure, extreme temperatures, and other difficult circumstances. Market expansion is fueled by consumer demand for adhesives with improved performance attributes.
Global Aerospace Adhesives Market Restraints
Several factors can act as restraints or challenges for the Aerospace Adhesives Market. These may include:
- Tight Regulating Guidelines: To guarantee performance and safety requirements, the aerospace industry is subject to strict regulations. The Federal Aviation Administration (FAA) and European Aviation Safety Agency (ESA) rules, which have strict requirements, might cause delays in product approvals and market entrance for aerospace adhesives.
- Elevated Cost Of Raw Materials: High-performance polymers and resins are examples of the specialty raw materials utilized in aircraft adhesives, and they are frequently pricey. High production costs may result from this, and end customers may pay more as a result, lowering the adhesives’ pricing competitiveness.
- Complex Production Procedures: To fulfill the exacting performance and safety standards needed in aircraft applications, the manufacturing of aerospace adhesives is a complex and precise process. This intricacy may make it more difficult to scale up manufacturing fast and raise production costs.
- Price Volatility For Raw Materials: The pricing of petrochemicals and specialty chemicals, two raw ingredients that fluctuate in price, can have an effect on the cost structure of aerospace adhesives. Price fluctuation can have an impact on producers’ profit margins and breed doubt in the marketplace.
- Technology Difficulties: It is a technological challenge to develop adhesives that can survive high pressures, intense temperatures, and other adverse environmental conditions that are encountered in aircraft applications. It is necessary to innovate continuously, which necessitates large research and development expenditures.
- Restricted Source Base: Few suppliers are able to meet the industry’s strict specifications, which limits the market for aircraft adhesives. Reliance on a small number of important actors and supply chain limitations may result from this small pool of suppliers.
- Economic Recessions And Financial Restraints: Budget cuts and economic downturns in the aerospace sector may result in lower spending on new aircraft and maintenance, repair, and overhaul (MRO) operations. The market for aerospace adhesives may be directly impacted by this.
- Environmental Issues: Challenges may arise from the requirement to adhere to environmental standards and the growing emphasis on environmental sustainability. There is a growing need for environmentally friendly adhesive alternatives, which may necessitate a large investment in new technology, and the usage of certain chemicals in adhesives may be limited.
- Alternative Technologies’ Competition: The aerospace sector is always looking into new bonding and joining technologies that can rival sticky solutions, such mechanical fasteners and sophisticated welding procedures. The adhesives market’s potential for expansion may be constrained if these alternatives are adopted.
- High R&D Investing: Extensive research and development is needed to provide cutting-edge aerospace adhesives that satisfy changing industry standards. Smaller businesses may find it difficult to commit the required resources, which could impede market competitiveness and innovation.
Global Aerospace Adhesives Market Segmentation Analysis
The Global Aerospace Adhesives Market is segmented based on Product, Application, and Geography.
Aerospace Adhesives Market, By Product
• Water-based
• Solvent-based
Based on Product, Global Aerospace Adhesives Market is segmented into, Water-based and Solvent-based. Water-based products are expected to grow at a higher CAGR during the forecast period due to stringent regulation on volatile organic compounds and eco-friendly characteristics of the water-based products.
Aerospace Adhesives Market, By Application
• Commercial Aviation
• Military Aviation
• General Aviation
Based on Application, Global Aerospace Adhesives Market is segmented into, Commercial Aviation, Military Aviation and General Aviation. Commercial Aviation is expected to hold the largest share during the forecast period due to, the rising demand for air travel in various countries which can be attributed to the increase in disposable income of people.
Aerospace Adhesives Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Aerospace Adhesives Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America due to affordable fares offered by various low-cost airlines and the rise in demand for new aircraft and associated services in this region.
Key Players
The major players in the Aerospace Adhesives Market are:
- 3M
- Henkel
- Huntsman
- PPG
- Cytec Solvay
- Solvay
- Flamemaster
- Chemetall
- Royal Adhesives & Sealants
- Dow Corning
- Permatex
- Master Bond
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | PPG Industries, 3M, Henkel, Solvay, Flamemaster, Chemetall, Royal Adhesives & Sealants, Dow Corning, Permatex, and Master Bond. |
| SEGMENTS COVERED | • By Product |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL AEROSPACE ADHESIVES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL AEROSPACE ADHESIVES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL AEROSPACE ADHESIVES MARKET, BY PRODUCT
5.1 Overview
5.2 Water-based
5.3 Solvent-based
6 GLOBAL AEROSPACE ADHESIVES MARKET, BY APPLICATION
6.1 Overview
6.2 Commercial Aviation
6.3 Military Aviation
6.4 General Aviation
7 GLOBAL AEROSPACE ADHESIVES MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL AEROSPACE ADHESIVES MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 PPG Industries
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 3M
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Henkel
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Solvay
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Flamemaster
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Chemetall
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development
9.7 Royal Adhesives & Sealants
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Dow Corning
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Permatex
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Development
9.10 Master Bond
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Development
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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- Market drivers and restraints, along with their current and expected impact
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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