What Factors Propelled The Growth Of The Aerospace Adhesives And Sealants Market In The Past?
The aerospace adhesives and sealants market has seen considerable growth due to a variety of factors.
•The market for aerospace adhesives and sealants has witnessed a significant expansion in the past few years. The market size is projected to increase from $1.75 billion in 2024 to $1.9 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%.
The growth during the historic period is due to various factors such as increased air travel, developments in aircraft design, emphasis on fuel efficiency, growth in defense expenditure, and a surge in maintenance, repair, and overhaul (MRO) tasks.
What Is The Projected Growth And Market Size For The Aerospace Adhesives And Sealants Sector?
The aerospace adhesives and sealants market is expected to maintain its strong growth trajectory in upcoming years.
• The market for aerospace adhesives and sealants is projected to experience robust expansion over the coming years, with an estimated value of $2.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.1%.
Factors contributing to this projected growth in the forecast period include an escalating demand for electric aircraft, an increasing uptake of lightweight materials, global growth in commercial aviation, heightened defense and space exploration drives, and the incorporation of innovative materials. The forecast period is set to see key trends including an upsurge in R&D expenditure in aerospace technologies, rapid technological progress, developments in nanotechnology, a greater emphasis on automation and efficiency, and a rising selection of composite materials.
What Factors Are Driving Growth In The Aerospace Adhesives And Sealants Market?
A surge in the interest for air travel is predicted to bolster the aerospace adhesives and sealants market. The term, air travel denotes the movement of people and goods via the sky using aircraft such as planes and drones. Adhesives play a crucial role in the production of air and spaceships, finding use in the development of conductive circuits, wings, door moldings, interior trims, seats and more. Sealants, on the other hand, are utilized in processes like fuel tank sealing, cabin pressurization, electrical encapsulation, windshield and access door sealing, and form-in-place gasketing. For example, a report issued in May 2022 by the International Civil Aviation Organization (ICAO), a Canada-based specialized body of the United Nations, indicated a significant increase in total traffic by 76.2% according to revenue passenger kilometers in June 2022 compared with June 2021. The primary reason for this increase was a steady and strong upswing in overseas travel. Therefore, the escalating interest in air travel is fueling the expansion of the aerospace adhesives and sealants market.
What Are The Main Segments Of The Global Aerospace Adhesives And Sealants Market?
The aerospace adhesives and sealants market covered in this report is segmented –
1) By Type: Adhesives, Sealants
2) By Adhesive Resin: Epoxy, Polyurethane, Other Adhesive Resins
3) By Sealants Resin: Polysulfide, Silicone, Other Sealants Resins
4) By Technology: Solvent-Based, Water-Based, Other Technologies
5) By Aircraft: Commercial, Military, Other Aircrafts
Subsegments:
1) By Adhesives: Epoxy Adhesives, Polyurethane Adhesives, Acrylic Adhesives, Silicone Adhesives, Other Adhesives
2) By Sealants: Acrylic Sealants, Silicone Sealants, Polyurethane Sealants, Butyl Sealants, Other Sealants
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What Emerging Trends Are Influencing The Growth Of The Aerospace Adhesives And Sealants Market?
Leading corporations in the aerospace adhesives and sealants market are progressing with novel technologies like automated fiber placement (AFP) to enhance fuel efficiency. AFP is an industrial technology that employs automated processes to precisely place continuous fiber materials, enabling the efficient production of composite structures with complex forms. For example, Park Aerospace Corp., a US-based manufacturing firm had in July 2023, introduced the Aeroadhere FAE-350-1, an adhesive film designed for initial and secondary structure fusion in aerospace. Functions such as bonding composite-to-composite, composite-to-honeycomb, composite-to-metal, metal-to-metal, and metal-to-honeycomb can all take advantage of this 350°F cure epoxy formulation. It's extremely suited for original aircraft equipment and maintenance, repair, and overhaul (MRO) applications owing to its excellent durability and superior high-temperature properties.
Who Are the Key Players in the Aerospace Adhesives And Sealants Market?
Major companies operating in the aerospace adhesives and sealants market include:
• H.B. Fuller Company
• Henkel Corporation
• Minnesota Mining and Manufacturing Company
• PPG Industries Inc.
• Huntsman International LLC
• Cytec Solvay Group
• Dowdupont Inc.
• Bostik Inc.
• Lord Corporation
• Hexcel Corporation
• Beacon AdhesivesInc.
• Permabond LLC
• Illinois Tool Works Inc.
• Dow Corning Corporation
• Royal Adhesives & Sealants
• Click Bond Inc.
• Solvay SA
• Avery Dennison Corporation
• DELO Industrie Klebstoffe GmbH & Co. KGaA
• Dymax Corporation
• Hernon Manufacturing Inc.
• Hybond Inc.
• Hylomar Group
• L&L Products Inc.
• Master Bond Inc.
• Parson Adhesives Inc.
• Specialty Polymers and Services Inc.
• Ellsworth Adhesives
• UNISEAL ADHESIVES AND SEALANTS PRIVATE LIMITED
• General Sealants Inc.
• Mactac North America LLC
What Is The Most Dominant Region In The Aerospace Adhesives And Sealants Market?
North America was the largest region in the aerospace adhesives and sealants market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global aerospace adhesives and sealants market report during the forecast period. The regions covered in the aerospace adhesives and sealants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
