Aerospace Adhesive & Sealants Market by Resin Type, Technology, End-user Industry, User Type, Aircraft Type And Region - Global Forecast to 2022
LONDON, Sept. 14, 2017 /PRNewswire/ -- "Increasing penetration of composites in aircraft and emerging middle-class population in developing countries drive the aerospace adhesive & sealants market"
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The global aerospace adhesive & sealants market is projected to reach USD 954.7 million by 2022, at a CAGR of 5.46% between 2017 and 2022. Inconsistent global defense spending could restrain this market, but increasing penetration of composites in aircraft and increasing number of aircraft are expected to drive the aerospace adhesive & sealants market in the next five years.
"Solvent-based is the major technology segment of the aerospace adhesive & sealants market"
Solvent-based and water-based are two major technology segments of the aerospace adhesive & sealants market. Achieving excellence in providing a great experience to passengers is vital to the modern aerospace industry. Using the right aerospace adhesive can fulfill the 'look-and-feel' expectation in modern airplane interiors. Hence, solvent-based pressure sensitive adhesives are selected by many major global aircraft manufacturers for use in aircraft interiors as these adhesives provide immediate bonding of decorative laminates to all common aerospace background substrates.
"North America was the largest market in 2016, while Asia Pacific market is projected to register the highest CAGR during the forecast period "
Most of the aircraft manufacturers are based in North America, thus making it the dominant region for aerospace adhesive & sealants market in 2016. However, Asia Pacific is projected to be the fastest-growing market for aerospace adhesive & sealants between 2017 and 2022. The emerging middle-class population and rising disposable income levels are expected to add to the demand in this region as more and more people prefer traveling by air, leading to a rise in demand for newer aircraft and associated services. This will, in turn, drive the market for aerospace adhesive & sealants in the Asia Pacific region.
Breakup of primary interviews:
-- By Company Type - Tier 1 - 56%, Tier 2 - 33%, and Others - 11%
-- By Designation - C level - 44%, D level - 33%, and Others - 22%
-- By Region - North America - 28%, Europe - 22%, Asia Pacific - 20%, South America - 13% and Middle East & Africa - 17%
Key companies profiled in this market research report include 3M (US), Henkel AG & Co. KGaA (Germany), PPG Industries, Inc. (US), Illinois Tool Works, Inc. (US), Cytec Solvay Group (Belgium), Huntsman International LLC (US), Bostik (Arkema S.A.)(France), Dow Corning Corporation (US), H.B. Fuller (US), Hexcel Corporation (US), Royal Adhesives & Sealants (US), Master Bond Inc. (US), and Beacon Adhesives, Inc. (US).
Research Coverage:
The aerospace adhesive & sealants market is segmented on the basis of Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-User Industry (Commercial, Military, General Aviation), User Type (OEM & MRO), Aircraft Type (Single Aisle, Small Wide Body, Medium Wide Body, Large Wide Body, Regional Jets), and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The end-user industry segment is further analyzed for each country in the respective regions.
Reasons to buy the Report
From an insight perspective, this research report has focused on various levels of analyses--industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the aerospace adhesive & sealants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
-- Market Penetration: Comprehensive information on aerospace adhesive & sealants offered by top players in the aerospace adhesive & sealants market.
-- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the aerospace adhesive & sealants market.
-- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the market for aerospace adhesive & sealants across varied regions.
-- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aerospace adhesive & sealants market.
-- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the aerospace adhesive & sealants market.
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