Press Release

Oct, 15 2024

Growing Aerospace Industry is driving the growth of the Global Aerospace Adhesive- Sealants Market

The integration of AI and ML, server virtualization, 5G networks, and sophisticated cooling systems are not just trends but are substantial drivers for the global aerospace adhesive- sealants market. They are setting new standards for efficiency, reliability, and sustainability in aerospace adhesives-sealants operations, ensuring that the infrastructure is in place to support the digital demands of the present and the future. By embracing these innovations, aerospace adhesive- sealants providers can offer robust, scalable solutions that cater to the ever-growing needs of businesses in today's data-driven world. Hence growing technological advancement in aerospace adhesives-sealants is expected to drive the market growth.

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Data Bridge Market Research analyses that the Global Aerospace Adhesive - Sealants Market is expected to reach USD 2.17 billion by 2031 from USD 1.53 billion in 2023, growing with a substantial CAGR of 4.7% in the forecast period of 2024 to 2031 . The aging air fleet worldwide is spurring demand for Maintenance, Repair, and Overhaul (MRO) services, and further boosting market growth. Rising demand for military aviation spending, enhancing their adoption. As a result, organizations across different sectors are increasingly investing in aerospace adhesive- sealants service solutions to modernize their manufacturing facilities and gain a competitive edge in the market.

Key Findings of the Study

Aerospace Adhesive- Sealants Market

Increase in R&D Activity and New Product Development

The market for aerospace adhesive- sealants is largely driven by the increasing demand for commercial aircraft, defense aviation, and the burgeoning space exploration sector. This expansion has propelled the aerospace adhesive and sealants market into a period of significant transformation and opportunity. Adhesives and sealants are critical components in the aerospace industry, ensuring the structural integrity, durability, and safety of aircraft. The surge in Research and Development (R&D) activities, coupled with new product development, is set to further elevate the market, presenting lucrative opportunities for stakeholders.

New product development in the aerospace adhesive and sealants market is intrinsically linked to the advancements achieved through R&D. Companies are launching innovative products that offer improved performance characteristics, addressing the evolving needs of the aerospace industry.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Product (Adhesives and Sealants), Resins (Epoxy, Polyurethane, Silicone, and Others), Technology (Solvent-Borne, Water-Borne, Hot-Melt, and Radiation Cured), Aircraft (Small Wide, Large Wide, Medium Wide, and Others), Aisle Type (Single Aisle and Multiple Aisle), User (OEM and Aftermarket), End Use (Commercial, Military, General Aviation, Space, and Others)

Countries Covered

U.S., Canada, and Mexico, U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Luxembourg, and rest of Europe, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific, Brazil, Argentina, and rest of South America, U.A.E, Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

3M (U.S.), Beacon Adhesives, Inc. (U.S.), Bostik (France), Chemetall (Germany), Delo (Germany), DuPont (U.S.), Dow (U.S.), Flamemaster Corp. (U.S.), Dymax (U.S.), General Sealants (U.S.), H.B Fuller Company (U.S.), Henkel AG & Co. KGaA (Germany), Hernon Manufacturing (U.S.), Permabond (U.K.), Permatex (Subsidiary of ITW) (U.S.), PPG Industries Inc. (U.S.), SIKA (Switzerland), Solvay (Belgium), Alchemie Ltd. (U.K.), Hylomar Products (U.K.), L&L Products (U.S.), Parson Adhesives, Inc. (U.S.), Hexcel Corporation (U.S.), Huntsman International LLC (U.S.), and Master Bond Inc. (U.S.), among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The global aerospace adhesive - sealants market is segmented into seven notable segments, which are based on the product, resins, technology, aircraft, aisle type, user, and end use.

  • On the basis of product, the market is segmented into adhesives, and sealants

In 2024, adhesives segment is expected to dominate the global aerospace adhesive - sealants market

In 2024, adhesives segment is expected to dominate the market with 68.54% market share due to increasing partnership & collaboration for aerospace adhesive – sealants.

  • On the basis of resins, the market is segmented into epoxy, polyurethane, silicone, and others

In 2024, epoxy segment is expected to dominate the global aerospace adhesive - sealants market

In 2024, epoxy segment is expected to dominate the market with 53.98% market share due to increase in R&D activity and new product development.

  • On the basis of technology, the market is segmented into solvent-borne, water-borne, hot-melt, and radiation cured. In 2024, solvent-borne segment is expected to dominate the market with 39.56% market share
  • On the basis of aircraft, the market is segmented into small wide, large wide, medium wide, and others. In 2024, the small wide segment is expected to dominate the market with 52.26% market share
  • On the basis of aisle type, the market is segmented into single aisle and multiple aisle. In 2024, the single aisle segment is expected to dominate the market with 62.02% market share
  • On the basis of user, the market is segmented into OEM, and aftermarket. In 2024, OEM is expected to dominate the market with 68.04% market share
  • On the basis of end use, the market is segmented into commercial, military, general aviation, space, and others. In 2024, commercial segment is expected to dominate the market with 39.20% market share

Major Players

Data Bridge Market Research analyses Henkel AG & Co. KGaA (Germany), Dow (U.S.), 3M (U.S.), H.B Fuller Company (U.S.), and DuPont (U.S.) as the major players operating in the market.

Aerospace Adhesive- Sealants Market

Market Development

  • In June 2023, Henkel AG & Co. KGaA expanded its Kunpeng adhesive manufacturing facility in Yantai, China, with a USD 129.6 million investment. The Kunpeng facility enhances Henkel’s production and supply chain capabilities in China, supporting growth in the Asia-Pacific region and reinforcing their commitment to sustainability and technological advancement.
  • In May 2024, Dow collaborated with Glass Wall Systems to use Dow’s carbon-neutral façade sealants. This collaboration demonstrated an unwavering dedication from organizations in the building and infrastructure industry to reduce embodied carbon in building materials. This enhanced sustainability in building materials and positioning both companies as leaders in green construction.
  • In July 2024, 3M has partnered with Composites One to offer a comprehensive range of 3M’s film adhesives, primers, and surface protection products for the aerospace industry. This collaboration aims to enhance service with high-performance solutions and optimize cost-efficiency in aerospace applications. The partnership benefits Composites One by expanding their product portfolio and leveraging 3M’s industry-leading technology, strengthening their position in the aerospace market.
  • In September 2023, DuPont opened a new adhesives manufacturing facility in Zhangjiagang, China. The site, equipped with advanced technology, produced adhesives for light weighting and vehicle electrification. This expansion enhanced DuPont’s regional capabilities, improved access to transportation, and strengthened its position in the auto electrification market.
  • In November 2020, Alchemie Ltd. introduced a new UV-stable clear vacuum casting system that improved durability and transparency for casting applications. This system offered enhanced resistance to UV degradation, resulting in longer-lasting clarity and performance. Benefits included extended longevity of cast parts, reduced maintenance costs, and improved visual appeal for prototypes and end-use components.

Regional Analysis

Geographically, the countries covered in the global aerospace adhesive- sealants market report are U.S., Canada, and Mexico, U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Luxembourg, and rest of Europe, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, and rest of Asia-Pacific, Brazil, Argentina, and rest of South America, U.A.E, Saudi Arabia, South Africa, Egypt, Israel, and rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America segment is expected to dominate the market in global aerospace adhesive- sealants market

North America is expected to be the dominant the market global aerospace adhesive- sealants market due a large and diverse economy, extensive technological infrastructure, high demand for maintenance and repair services, and significant investments by major tech companies in aerospace adhesives-sealants facilities across the country.

Asia-Pacific segment is expected to be the fastest growing region in the global aerospace adhesive- sealants market

Asia-Pacific segment is expected to be the fastest growing region due to aging air fleet across the globe increases demand for MRO (maintenance, repair, and overhaul).

For more detailed information about global aerospace adhesive- sealants market report, click here – https://www.databridgemarketresearch.com/reports/global-aerospace-adhesive-sealants-market


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