The global aerospace adhesives and sealants market size is expected to reach USD 1.8 billion by 2027, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Investments in new production facilities by aerospace Original Equipment Manufacturers (OEMs) is likely to propel market growth over the long term.
Recently, Airbus announced the completion of commercial aircraft assembly line in Alabama, U.S. This production line is expected to deliver A220-300 and A220-100 models of Airbus aircraft. The expansion of this production facility is further projected to strengthen the company’s footprint in the U.S. market. This is likely to assist in demand for adhesive and sealant products, as these products have a key role in bonding various substrates during assembly.
Global outbreak of COVID-19 is projected to create a critical impact on the market for the short term. Governments in various countries have temporarily closed various non-essential businesses including aerospace and other manufacturing companies. Airbus and Boing, leading aerospace manufacturers also observed temporary closure at their manufacturing facilities.
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Adhesives for high-temperature applications are projected to provide numerous opportunities for market vendors. Some epoxy-based adhesives can be used at high-temperature applications. Manufacturers are focussed on the development of new products which can sustain their properties at high temperature. Properties such as impact and vibration resistance, and thermal contraction and expansion are considered for the development of such products.
Aerospace Adhesives & Sealants Market Report Highlights
l In terms of volume, epoxy resin in the market for adhesives accounted for volume of 155.5 kilotons in 2019. The key driving factor for the growth of this segment is rising penetration of product and expansion of manufacturing facilities and new assembly lines
l The commercial aircraft segment accounted for revenue share of 51.1% in 2019 in the market for adhesives and is likely to observe lucrative growth on account of rising travel demand and growth of low cost carriers in emerging countries
l In terms of volume, the military aircraft segment in the market for sealants is projected to witness growth rate of 3.9% from 2020 to 2027. The key attributing factor for growth of the segment is increasing defense spending in U.S., China, and India
l North America was the largest region in 2019 and held volume share of 37.9% in 2019. The primary driving factors for the market are investments in production facilities for aerospace OEMs and component manufacturers in U.S.
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Aerospace Adhesives & Sealants Market Segmentation
Grand View Research has segmented the global aerospace adhesives and sealants market on the basis of resin, aircraft, and region:
Aerospace Adhesives Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Aerospace Sealants Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Aerospace Adhesives & Sealants Aircraft Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Aerospace Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
Central and South America
Middle East & Africa
Key Topics Covered
Table of Content
Chapter 1. Methodology and scope
1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing
Chapter 2. Executive summary
2.1. Market snapshot
2.2. Segmental outlook
Chapter 3. Aerospace adhesives & sealants market variables, trends & scope
3.1. Market outlook – Global adhesives & sealants industry outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
3.3.1. Raw material trends
3.3.2. Manufacturing & technology trends
3.3.3. Sales channel analysis
3.4. Regularity framework
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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