The global Aerospace Adhesives & Sealants Market Size is expected to reach US$ 1.55 billion by 2027 and is expected to grow at an impressive double-digit rate of 5.5% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Aerospace Adhesives & Sealants Market for the period 2017-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Adhesive is an important substance that binds together one or more surfaces of two different components to bind them together as well as resists their separation. Aerospace adhesives are used mostly in interior, exterior, and engine compartment of an aircraft. Physical properties of an aviation sealant and glue include high protection from heat along with the responses of substances.
Why should you invest in this report?
If you are aiming to enter the global Aerospace Adhesives & Sealants Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Aerospace Adhesives & Sealants are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Download the Sample Pages for More Understanding@ https://www.precedenceresearch.com/sample/1121
Growth Factors
Aerospace sector impart great significance on the economy of a country because of which the demand of aerospace adhesives and sealants are subsequently expected to grow. The industry contributes significantly towards the national growth and hence has attracted numerous investors and stakeholders over the past decades. Thus, the above mentioned factors notably drive the market for aerospace adhesives & sealants. Furthermore, growth in the air logistics sector because of rise in e-commerce industry is the other most prominent factor that contributes towards the market growth.
Report Highlights
- North America led the global market with a volume share of over 37% in 2019 because of increased focus of the U.S. government to strengthen its military force
- The Asia Pacific exhibits significant growth rate of around 6.5% during the upcoming period owing to rapid boost in the air passenger traffic coupled with the demand for new aircrafts
- Based on adhesive resins, epoxy led the global market and accounted for a value share of over 46%in 2019 because of its properties and large number of applications in the industry
- Polyurethane expected to be the most lucrative segment in adhesive resins and projected to grow at a CAGR of around 6% during the forecast timeframe, in terms of volume.
- The commercial aircraft segment dominated the global market accounting for a share of more than half of the total market volume in 2019 due to rising indirect demand for new commercial aircraft
- Surge in demand for new and advanced military aircraft that include patrol, transports, and fighters projected to impel the growth of military segment in the global market
Get Customization on this Research Report@ https://www.precedenceresearch.com/customization/1121
Key Market Players and Strategies
The aerospace adhesives & sealants industry is highly competitive in nature because of various organic strategies adopted by the market participants to retain their market position. Top market players focus prominently on strengthening their distribution capabilities and product portfolio to maintain a competitive edge. For instance, in May 2017, 3M invested around USD 40 Million for the expansion of its manufacturing operations in Missouri, United States. With this expansion, the company aimed to produce industrial adhesives &tapes especially for the aerospace industry along with other heavy industries globally. The company also focuses on the technological advancements to offer custom solutions as well as to develop new products.
Similarly, other industry players are also investing significantly in the production facilities coupled with new product development that are likely to be their key growth strategies over the forecast timeframe. For instance, in February 2018, Henkel Corporation announced its dedicated manufacturing facility for aerospace applications located at Montornès, Spain. Hence, these activities by market players are likely to increase the competition within the market.
Some of the prominent players in the aerospace adhesives & sealants market include:
- B. Fuller
- Henkel Corporation
- 3M
- PPG Industries Inc.
- Huntsman International LLC
- Cytec Solvay Group
- Dowdupont
- Bostik
- Lord Corporation (Parker Hannifin Corp)
- Hexcel Corporation
Major Market Segments Covered:
By Sealants Resin
- Silicone
- Polysulfide
- Others
By Adhesive Resin
- Polyurethane
- Epoxy
- Others
By Aircraft
- Military
- Commercial
- Others
Regional Analysis:
The geographical analysis of the global Aerospace Adhesives & Sealants Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Aerospace Adhesives & Sealants Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Aerospace Adhesives & Sealants Market in 2027?
- What is the expected CAGR for the Aerospace Adhesives & Sealants Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Aerospace Adhesives & Sealants Market?
Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1121
About Us:
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and among different ventures present globally.
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Blog: https://precedenceresearchnews.wordpress.com
0 comments :
Post a Comment