Description
Aerospace adhesives are applied to the surface of various materials to adhere and seal them together. They are mostly available in the liquid form. This means that they are viscous in nature. They have no or little flow characteristics. Adhesives are characterized based on their bonding and holding power. They exhibit properties such as high tensile strength and shear strength. Adhesives are of two varieties, namely, structural adhesives and non-structural adhesives. Structural adhesives have high strength. They are vital for the success of the assembly. Non-structural adhesives exhibit low strength. They are used to bond weak substrates. They are also used for temporary fastening.
It is expected that the global aerospace adhesive market will increase with a CAGR of 3.4% by 2020. The global market is expected to create incomes of USD 954.7million by 2020.
End-user/Technology
The end users comprises of automotive OEM and MRO.
Market Dynamics
The major driving factor for the growth of global aerospace adhesives market is increasing demand for aircraft and government investments on defense. Adhesives in aerospace industry are now replacing traditional fasteners such as bolts and rivets due to increased focus of OEMs and parts manufacturers on fuel efficient and lightweight aircrafts. This is going to further drive the adhesive market. Delivery for aircraft is increasing with the increasing air passenger traffic rate. This will further drive the adhesive market.
Market Segmentation
Based on technology, the global aerospace adhesives market is segmented into adhesives and sealants. Adhesives can be further sub-categorized into solvent-borne adhesives, water-borne adhesives, reactive adhesives and hot melts adhesives. Based on function, the global aerospace adhesives market is segmented into structural and non-structural. Based on resin type, the global aerospace adhesives market is segmented into silicone, epoxy and polyurethane. The global market is also segmented based on aircraft type as follows-regional aircraft, commercial aircraft, defense aircraft, general aviation and helicopters.
Regional/Geographic Analysis
The global aerospace adhesives market is widely spread in North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Opportunities
The newer adhesives application is expected to offer numerous opportunities for the growth of aerospace adhesives market. It is anticipated that aerospace adhesives and sealants marketplace will witness significant growth in the coming five years, building on developing demand amongst aerospace end-user industry. Rapid growth in most of the airway industry of calculation regarding excessive way of life over shoppers coupled with excessive disposable profits is also going to increase the market for commercial aircrafts. This in turn will enhance market for aerospace adhesives and sealants. Going further, civil aerospace industry is expected to develop at a sustained rate concerning 4.7% in the estimated period. In addition to this, huge R&D together with space research organizations and developing economies provide a great platform for the growth of global aerospace adhesives market.
Key Players
The major vendors in global aerospace adhesives market are 3M, Sika AG, Dow Chemicals Company and Henkel AG & Co.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage