LONDON, Dec. 19, 2016 /PRNewswire/ -- "Increasing penetration of composites in aircrafts and emerging middle class population in developing countries drives the aerospace adhesive & sealants market"
The global aerospace adhesive & sealants market size is estimated to reach USD 2.41 billion by 2021, registering a CAGR of 5.50% between 2016 and 2021. Increasing penetration of composites in aircrafts and increasing aircraft are expected to drive the aerospace adhesive & sealants market in the next five years.
"Solvent borne is the major technology segment driving the aerospace adhesive & sealants market"
Solvent borne and waterborne are two major technologies used in the aerospace adhesive & sealants market. Achieving excellence in providing great experience to passengers is vital to the modern aerospace industry. The use of right aerospace adhesives can fulfill the 'look-and-feel' expectation in modern airplane interior. Solvent-borne pressure sensitive adhesives are selected by many major global aircraft manufacturers for use in the interiors of their planes. These adhesives provide immediate bonding of decorative laminates to all common aerospace background substrates.
"Rising demand in Asia-Pacific is the major driver of the aerospace adhesive & sealants market "
The Asia-Pacific region is the fastest-growing market for aerospace adhesive & sealants. The emerging middle class and rising disposable income levels are expected to add to the demand as more people prefer to travel by air, which in-turn leads to the rise in demand for newer aircrafts and associated services. This is driving the aerospace adhesive & sealants market in the region.
Breakup of primary interviews:
- By Company Type - Tier 1 – 56%, Tier 2 – 33%, and Others – 11%
- By Designation - C level – 44%, D level – 33%, and Others – 22%
- By Region - North America – 28%, Europe – 22%, Asia-Pacific – 20%, South America - 13% and Middle East & Africa – 17%
The key companies profiled in this market research report are 3M (U.S.), Cytec Industries Inc. (U.S.), PPG Industries Inc. (U.S.), Henkel AG & Company (Germany), Huntsman Corporation (U.S.), Beacon Adhesives Inc. (U.S.), Hexcel Corporation (U.S.), Master Bond (U.S.), Royal Adhesives & Sealants (U.S.), and United Resin Corporation (U.S.).
- Manufacturers of aerospace adhesive & sealants
- Manufacturers in end-use industries, such as, commercial, military and general aviation
- Traders, distributors, and suppliers of aerospace adhesive & sealants
- Regional manufacturers' associations
- Government and regional agencies and research organizations
Scope of the Report:
The aerospace adhesive & sealants market has been covered in detail in this report. To provide a complete picture, the current market demand and forecasts have also been included. The aerospace adhesive & sealants market is segmented as follows:
On the basis of type:
On the basis of resin type:
On the basis of technology:
- Solvent borne
On the basis of end-use application:
- General Aviation
On the basis of user type:
On the basis of region:
- North America
- Middle East & Africa
- South America
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