Aerospace Adhesives & Sealants Market Globally Expected to Drive Growth with High CAGR Through 2030
The global aerospace adhesives & sealants market size is expected to reach USD 1.36 billion by 2028 according to a new study by Polaris Market Research. The report “Aerospace Adhesives & Sealants Market Share, Size, Trends, Industry Analysis Report, By Resin (Epoxy, Polyurethane, Silicone, Others); By Aircraft; By Technology; By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The gradual push towards lightweight airframes has expanded the usage of carbon-fiber composites in large aerospace structural applications such as fuselage, wings, and control surfaces. This intends to push the industry for adhesives and composite parts that cannot be riveted with metal fastening systems and are preferably being assembled and bonded using adhesive.
The epoxy resin segment remains the workhorse of the market driven by its high load-bearing capability, excellent chemical resistance, and extreme glass transition temperature resistance. It is also highly compatible with carbon-epoxy composite parts, which dominate aerospace composite applications. These extensive characteristics of epoxy resins are attributed to driving the market demand for epoxy resin-based adhesive & sealants during the forecast period.
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North America to retain its gigantic share in the global demand driven by its ever-increasing push in escalating usage of high-end composite materials and adhesives and sealants in new and upcoming aircraft platforms. Boeing’s B777x, an upcoming wide-body aircraft, has incorporated carbon-epoxy prepreg composite materials into its primary structures such as empennage, floor beams, and in its wings, which is believed to be the world’s largest composite wing so far.
This is likely to substantiate penetration of the bonding solutions which are the prime bonding solutions for composite-based parts and structures. The region’s leadership is also backed by its dominance in military aircraft and business jet production. Industry participants such as 3M, Huntsman International LLC., PPG Industries Inc., Henkel AG & Co., Cytec Solvay Group, Bostic, Hexcel Corporation, DowDuPont, H.B. Fuller, Lord Corporation are some of the key players competing in the global demand.
Major adhesive suppliers have been launching technologically advanced products to serve the market with a unique set of offerings. In June 2021, Solvay SA announced the launch of new AeroPaste 1000, 1009, 1100 adhesive pastes to increase part assembly efficiency, process flexibility thereby enabling rapid assembly and automation.
Polaris Market Research has segmented the aerospace adhesives & sealants market report on the basis of resin, aircraft, technology, application, and region:
Aerospace Adhesives & Sealants, Resin Outlook (Revenue – USD Million, 2016 – 2028)
Epoxy
Polyurethane
Silicone
Others
Aerospace Adhesives & Sealants, Aircraft Outlook (Revenue – USD Million, 2016 – 2028)
Commercial Aircraft
Regional Transportation Aircraft
General Aviation
Military Aircraft
Spacecraft
Aerospace Adhesives & Sealants, Technology Outlook (Revenue – USD Million, 2016 – 2028)
Solvent-borne
Water-borne
Hot-Melt
Aerospace Adhesives & Sealants, Application Outlook (Revenue – USD Million, 2016 – 2028)
Structural
Non-Structural
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