This report estimates the market size of aerospace interior adhesives on the basis of resin type, product type, aircraft type, and region, in terms of value and volume. The global aerospace interior adhesives market is projected to grow at a CAGR of 5.35%, from 2016 to 2021, in terms of value. The growing use of composites in commercial aircrafts, replacement of older aircrafts with new one for achieving fuel efficiency, increasing demand of low cost airlines, and decreasing aviation fuel prices are the major factors expected to drive the growth of the aerospace interior adhesives market.
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The aerospace interior adhesives market is mainly segmented on the basis of resin type, product type, aircraft type, and region. The resin type segment has been further classified into epoxy, polyurethane, cyanoacrylate, acrylics, and others. The others segment includes silicone, polyester, and polysulfide.
Epoxy resin is projected to be the fastest-growing segment of the market from 2016 to 2021. Epoxy resin are the most preferred resin type in the aerospace interior adhesives market, as they exhibit superior properties, such as low cure shrinkage, good dimensional stability, high peel strength, high glass transition temperature, excellent electrical conductivity, superior durability, and toughness. Epoxy-based adhesives find extensive applications in the interior parts of aircraft, such as lavatory, storage bins, seating, galley, and panels.
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Asia-Pacific is projected to witness the highest growth, in terms of both, volume and value, during the forecast period, followed by the Middle East & Africa. A large number of manufacturers are establishing their manufacturing facilities in the region. The region’s strong economic development and increasing accessibility of air transport services is anticipated drive the aerospace interior adhesives market. The growth in Asia-Pacific is also boosted by the growing population, rising standard of living, and increasing demand for low-cost carriers. India is the fastest-growing market in Asia-Pacific region, as it has huge potential for establishing aircraft manufacturing and maintenance facilities and provides robust engineering and design services.
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