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The aerospace adhesive and sealants market is estimated to grow at a CAGR of 5.34% between 2024 and 2028. The market size is forecast to increase by USD 320.65 million. The growth of the market depends on several factors including the rise in the number of air passengers globally, growing emphasis on the use of lightweight materials in the aviation industry and Increasing emphasis on Maintenance, Repair, and Overhaul (MRO) activities in the aviation industry.
The report includes a comprehensive outlook on the aerospace adhesive and sealants market offering forecasts for the industry segmented by Technology, which comprises water-based, solvent-based, and others. Additionally, it categorizes End-user into commercial, military, and general aviation and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Aerospace adhesives and sealants are specialized materials used in the aviation and aerospace industry to bond and seal aircraft components. These advanced compounds provide durable and reliable adhesion, ensuring structural integrity and preventing leaks in extreme conditions.
Growing emphasis on the use of lightweight materials in the aviation industry is notably driving the market growth. The emphasis on lightweight materials is a key driver shaping the landscape of the aerospace adhesive market. In response to the aviation industry's pursuit of enhanced fuel efficiency and overall performance, there has been a concerted effort to adopt materials that minimize the weight of aircraft. Lightweight materials, such as advanced composites and alloys, play an important role in achieving these objectives. Aerospace adhesive and sealant manufacturers have strategically positioned themselves as integral contributors to this trend, offering specialized products that enable the effective bonding and sealing of lightweight materials.
Additionally, manufacturers like Henkel, 3M, and PPG Industries have developed and introduced advanced adhesive and sealant solutions designed to cater specifically to the demands of bonding lightweight materials. These products are engineered to withstand the unique challenges posed by materials that are not only lighter but also require specialized bonding techniques to ensure durability under the stringent conditions of aerospace operations. Thus, the growing emphasis on the use of lightweight materials in the aviation industry is expected to drive market growth during the forecast period.
The increasing popularity of bio-based adhesives is an emerging trend shaping the market growth. Bio-adhesives are a natural polymeric material that is used as adhesives to bond or join two materials. It is free from formaldehyde and is made from 100% renewable plant or animal resources. The low VOC content, when compared to other petrochemical-based adhesives, is also expected to augment the aerospace adhesive market growth. The rise of bio-based adhesives signifies a significant trend in the global aerospace industry, driven by a growing emphasis on sustainability and eco-friendly practices. Several manufacturers are actively contributing to this trend by introducing bio-based adhesive solutions designed to reduce the environmental impact of aerospace applications.
Further, the adoption of such adhesives contributes to a reduced carbon footprint, aligning with global initiatives to create a more environmentally sustainable aerospace industry. As environmental regulations and corporate sustainability goals gain prominence, the aerospace sector is likely to witness increased integration of bio-based adhesives as a preferred choice for bonding applications, further highlighting the industry's commitment to greener and more sustainable practices. Thus, the increasing emphasis on the adoption of bio-based adhesives is expected to drive the growth of the market during the forecast period.
Environmental and health concerns associated with the use of adhesives and sealants are a significant challenge hindering the market growth. Aerospace adhesives and sealants, while critical for ensuring the structural integrity and safety of aircraft, raise environmental and health concerns due to their chemical compositions and potential exposure during manufacturing and use. One primary environmental concern is the emission of volatile organic compounds (VOCs) during the application and curing process. VOCs contribute to air pollution and can have adverse effects on air quality and human health.
Furthermore, the disposal of unused or waste adhesive materials can contribute to environmental pollution. If not managed properly, the chemicals in adhesives and sealants can leach into soil and water, posing risks to ecosystems and aquatic life which can limit the aerospace adhesive market growth. Thus, such factors are expected to restrict the market growth during the forecast period.
The market share growth by the water-based segment will be significant during the forecast period. Water-based technology in aerospace adhesives and sealants represents an environmentally conscious approach to addressing bonding and sealing requirements in the aviation industry. This technology employs water as the primary solvent or carrier for the adhesive or sealant formulation, in contrast to traditional solvent-based alternatives.
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The water-based segment was the largest and was valued at USD 508.46 million in 2018. The advantage of water-based adhesives lies in their non-detrimental effect on rollers and other equipment during the drying process. Additionally, their ease of removal from equipment reduces the likelihood of blockages, enhancing operational efficiency. As a pioneering force in adhesive solutions across diverse industries, Henkel stands out as a highly reliable manufacturer of water-based adhesives. Within the company AQUENCE line, water-based adhesives are prepped for coating, offering customers a combination of readiness and superior finishes that contribute to maintaining product quality and optimizing the overall cost of ownership. Thus, the increasing focus on the adoption of sustainable solutions is expected to drive the growth of the water-based segment of the market during the forecast period.
Based on end-user, the market has been segmented into commercial, military and general aviation. The commercial segment will account for the largest share of this segment. The commercial segment includes both narrow-body and widebody commercial aircraft. In the manufacturing phase, adhesives and sealants play a crucial role in bonding structural components, enhancing the overall strength and integrity of commercial aircraft. Key aircraft manufacturers such as Airbus are focusing on expanding their commercial aircraft manufacturing capabilities in developing countries. Thus, the increasing production of commercial aircraft is expected to drive the growth of the commercial segment during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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North America stands as a major region in the aerospace sealants market playing a pivotal role in driving innovation, production, and demand for advanced materials within the aerospace industry. The region, particularly the United States, is home to some of the world's leading aerospace manufacturers, Boeing Co. (Boeing) and Lockheed Martin Corp (Lockheed Martin), contributing significantly to the regional aerospace sealants market growth. Major aerospace hubs, such as Seattle, Washington, and southern California, host renowned companies involved in aircraft manufacturing and research and development activities.
In addition, the presence of influential players, including Boeing Co. (Boeing) and Lockheed Martin Corp (Lockheed Martin), coupled with a robust defense sector, ensures a continuous demand for high-performance adhesives and sealants. These materials are crucial in the construction, assembly, and maintenance of both civilian and military aircraft, supporting the region's status as a global aerospace leader. Therefore such factors are expected to drive the regional market growth during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
3M Co - The company offers aerospace adhesive and sealants such as 3M Aerospace Sealant AC 770, 3M Aerospace Sealant AC 730, and 3M Multi Purpose Spray Adhesive 27.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 3M Co., Akzo Nobel NV, Antala S.L., Beacon Adhesives Inc., Bostik Ltd., Dow Chemical Co., Dymax Corp., Henkel AG and Co. KGaA, Hernon Manufacturing Inc., Hexcel Corp., Holcim Ltd., Huntsman International LLC, L and L Products Inc., Lanxess AG, Master Bond Inc., Permabond LLC, PPG Industries Inc., Sika AG, Solvay SA, and Vitrochem Technology
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The aerospace adhesive and sealants market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Aerospace Adhesive and Sealants Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.34% |
Market Growth 2024-2028 |
USD 320.65 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.79 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Akzo Nobel NV, Antala S.L., Beacon Adhesives Inc., Bostik Ltd., Dow Chemical Co., Dymax Corp., Henkel AG and Co. KGaA, Hernon Manufacturing Inc., Hexcel Corp., Holcim Ltd., Huntsman International LLC, L and L Products Inc., Lanxess AG, Master Bond Inc., Permabond LLC, PPG Industries Inc., Sika AG, Solvay SA, and Vitrochem Technology |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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