Aerospace Adhesives & Sealants Market worth $1 billion by 2023
The global Aerospace Adhesives & Sealants Market size is projected to reach USD 1 billion by 2023, at a CAGR of 5.4%. The aerospace adhesives & sealants market size is estimated to be USD 775 million in 2018. The high demand for lightweight and fuel-efficient next-generation aircraft is fueling the consumption of these adhesives and sealants. These products are used in the interior, exterior, and engine compartments of an aircraft.
Browse 212 market data Tables and 40 Figures spread through 141 Pages and in-depth TOC on “Aerospace Adhesives & Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-use Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), Aircraft Type, and Region – Global Forecast to 2023 “
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/aerospace-adhesive-sealant-market-218715849.html
The commercial aerospace segment is estimated to be the largest consumer of adhesives and sealants.
The commercial segment accounts for the dominant share of the overall aerospace adhesives & sealants market. The high demand for commercial aircraft is driving the consumption of such adhesives and sealants in this end-use industry. Boeing and Airbus presently have orders for delivery of over 9,000 commercial aircraft. These factors are anticipated driving the growth of the market during the forecast period.
The demand for epoxy-based aerospace adhesives & sealants is the highest in the market.
Epoxy resins are projected to witness the highest demand resulting in the fastest growth of this segment in the global aerospace adhesives & sealants market. It also accounts for the largest share of the market. Epoxy resin is used widely in aerospace applications due to its properties such as high tensile and shear strength and chemical resistance. It also offers protection against corrosion and can sustain high temperature and pressure environment.
North America is expected to continue its leading position in the aerospace adhesives & sealants market.
North America is likely to account for the largest share within the global aerospace adhesives & sealants market by 2023. The presence of a firmly established aerospace industry and the increasing demand for commercial aircraft. The demand for commercial aircraft is growing significantly with the growth of the airline sector in Asia Pacific and other emerging regions. The key aircraft manufacturers, such as Boeing and Bombardier, are headquartered in North America, catering to a large share of the demand for aircraft.
The major players in the aerospace adhesives & sealants market are 3M (US), H.B. Fuller (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), Hexcel Corporation (US), DowDuPont (US), PPG Industries Inc. (US), Illinois Tool Works Inc. (US), Arkema (France), and Cytec Solvay Group (Belgium).
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=218715849
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/aerospace-adhesive-sealant-market-218715849.html
