DUBLIN, September 15, 2016 /PRNewswire/ --
Dublin - Research and Markets has announced the addition of the "Aerospace Adhesives & Sealants Market - Global Forecast to 2021" report to their offering.
The global aerospace adhesive & sealants market is projected 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 deliveries is increasing the demand for aerospace adhesive & sealants. The emerging middle class population in developing countries such as China, India, and Brazil has also triggered the growth of the aerospace adhesive & sealants market.
In 2015, the commercial end-use application segment accounted for the largest market share, in terms of value, followed by military and general aviation applications. The demand for air travel is increasing in China and India because of increasing disposable income with the middle class population in these countries, which is one of the driver for the aerospace adhesive & sealants market in Asia-Pacific.
Epoxy is currently the dominant segment in the overall aerospace adhesive & sealants market and is also projected to witness the highest CAGR between 2016 and 2021. Epoxy resins have a unique combination of adhesion, chemical resistance, and physical properties. Epoxy has reactive liquid polymers and provides outstanding protection against severe corrosive environments. Because of these properties, epoxy resins have more demand in end-use applications such as commercial, military, and general aviation.
The Asia-Pacific market is expected to witness the highest growth rate, in terms of value and volume, between 2016 and 2021. Over the past years, there has been an enormous increase in the amount of air traffic around the world due to economic fares provided by low-cost airlines. This leads to rise in demand for newer aircrafts and associated services. This is driving the aerospace adhesive & sealants market in the region.
Though the aerospace adhesive & sealants market is growing, few factors act as bottleneck toward the growth of aerospace adhesive & sealants in the global market. The decline in global defense spending is the major restraint to the growth of the market.
- Beacon Adhesives Inc.
- Henkel AG & Company
- Hexcel Corporation
- Huntsman Corporation
- Master Bond
- PPG Industries Inc.
- Royal Adhesives & Sealants
- Solvay Group
- United Resin Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aerospace Adhesives & Sealants Market, By Type
8 Aerospace Adhesives & Sealants Market, By Resin Type
9 Aerospace Adhesives & Sealants Market, By Technology
10 Aerospace Adhesives & Sealants Market, By User Type
11 Aerospace Adhesives & Sealants Market, By End-User Industry
12 Aerospace Adhesives Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/jsdwxh/aerospace
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SOURCE Research and Markets