NEW YORK, May 26, 2015 /PRNewswire/ -- Background:
The adhesive in global aerospace industry is expected to increase with a CAGR of 3.4% by 2020. The major drivers of adhesive in global aerospace industry is increasing penetration of composites in aircrafts and increasing aircraft deliveries. Many new aircraft programs have high composites penetration for reduction in aircraft weight and fuel efficiency, resulting in increasing demand for adhesives. With the increasing air passenger traffic rate, delivery for aircraft is increasing which will drive the adhesive market.
Lucintel, a leading global management consulting and market research firm, has analyzed the adhesive in global aerospace industry by aircraft type, product type and by region and has come up with comprehensive research report "Growth Opportunities for Adhesive in Global Aerospace Industry 2014-2020: Trend, Forecast, and Opportunity Analysis." This report provides an analysis of the adhesive in global aerospace industry including analysis of the market trends, competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes adhesive in global aerospace industry trends and forecasts through 2020, segmented by regions, by aircraft type, and by product type as follows:
Adhesive in global aerospace industry by regions:
- North America
- Asia Pacific
- Rest of World
Adhesive in global aerospace industry by product type:
- Epoxy Adhesive
- Other Adhesive
Adhesive in global aerospace industry by aircraft type:
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Defense Aircraft
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for adhesive in global aerospace industry will grow moderately during 2014-2020. Commercial aircraft segment is expected to grow at faster pace than general aviation and regional jets. Adhesive manufacturers are continuously adopting new strategies to gain market share in this industry. Adhesive in aerospace industry is now replacing traditional fasteners such as rivets, bolts due to increased focus of OEMs and parts manufacturers on lightweight and fuel efficient aircrafts. This will further drive the adhesive market. Henkel, Cytec, Hexcel Corporation are among the major suppliers of adhesive in global aerospace industry.
The biggest challenge the industry faces is government regulations for VOC (Volatile Organic Compound) control. Therefore, customers are demanding eco-friendly products. Another challenge in this industry is the modification or development of products according to specification which involve high R&D expenses and strict certifications by aerospace OEMs and component manufacturers. Regular innovation of products is very important for companies to sustain their successful position in the market.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities for Adhesive in Global Aerospace Industry 2014-2020: Trends, Forecast, and Opportunity Analysis" include:
- Analysis of competitive intensity of the industry based on Porter's Five Forces model which helps to understand the competitive position of industry players.
- Adhesive in Global Aerospace Industry with segment breakdown by product type such as epoxy adhesive and other adhesive, by aircraft type such as commercial aircraft, regional aircraft, general aviation, defense aircraft and helicopters.
- Market size in terms of value and volume, market size trend (2008-2013) and forecast (2014-2020), that are useful to make major investment decisions
- Regional Analysis provides adhesive in global aerospace industry breakdown of key regions of North America, Europe, Asia Pacific, and Rest of the World in terms of value and volume.
- Competitive landscape, emerging trends, unmet needs, drivers and growth opportunity analysis helps to make a sound investment decision
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