According to a recent report by Reports and Data, the global aerospace adhesives and sealants market is projected to reach USD 1,237.6 million by 2028. The market growth is expected to be driven by the rising demand for commercial and military aircraft, coupled with increasing disposable incomes and population growth.
In the aerospace industry, aircraft must perform at high levels in extreme temperatures and pressures, which requires the use of high-performance aerospace technologies, materials, and tools. Aerospace adhesives are used in the construction and maintenance of various aerospace parts, including panels, pipes, tools, and fixtures.
The key players in the market are investing heavily in the research and development of adhesive technologies to innovate their adhesive formulations to meet the stringent specifications of the aerospace industry. Advanced paste, liquid, or film adhesive and sealant systems facilitate improved durability, performance, weight savings, and fuel efficiency for aircraft, rotorcraft, satellite, and UAVs. The adhesives and sealants use a range of resins such as epoxies, polyurethanes, silicones, and polysulfides, among others.
The report also identifies that sealants accounted for a larger market share of ~56% in 2018, while the adhesives segment is expected to witness a higher CAGR of 5.6% during the forecast period. The market for epoxy resins held the largest share of ~35% in 2018, while the silicone resins are expected to witness a higher CAGR of 7.4% during the forecast period.
North America dominated the market with the largest share of ~30% in 2018, driven by the aerospace and defense industry's growth and the rising investments in adhesive technology research and development. Key market players include 3M, Bostik (Arkema), Dowdupont, Henkel, Huntsman Corporation, and Lord Corporation, among others.
The market is segmented based on product type, aircraft type, resin type, technology, end-user, aviation industry, and region. The report provides a detailed analysis of each segment and its sub-segments.
Get a sample copy of the aerospace adhesives and sealants market report: https://www.reportsanddata.com/download-free-sample/1706
Aerospace Adhesives Sealants Market: Drive factors
According to a new report by Reports and Data, the global aerospace adhesives sealants market is expected to reach USD 1,237.6 Million by 2028. The growth of the market is primarily driven by the increased demand for commercial and military aircraft, coupled with the rising population and their increasing disposable incomes. The aerospace industry requires aircraft that can function at peak performance levels in extreme environments, which has led to the adoption of aerospace adhesives and sealants that can perform at high levels. The market is characterized by significant investments in research and development by key players to innovate adhesive formulations and meet the stringent specifications of the aerospace industry. Technologically advanced paste, liquid, or film adhesive and sealant systems are facilitating improved durability, performance, weight savings, and fuel efficiency for aircraft, rotorcraft, satellite, and UAVs. The wide range of resins used in adhesives and sealants, including epoxies, polyurethanes, silicones, and polysulfides, among others, is also contributing to the growth of the market.
Explore Trending Reports:
Residential Energy Management (REM) Market: https://www.reportsanddata.com/report-detail/residential-energy-management-rem-market
Hydrogen Fluoride Market: https://www.reportsanddata.com/report-detail/hydrogen-fluoride-market
Plastic Recycling Market: https://www.reportsanddata.com/report-detail/plastic-recycling-market
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1706
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W,Head of Business Development
Reports And Data | Web:www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail:sales@reportsanddata.com
LinkedIn|Twitter|Blogs
