Aviation Adhesives And Sealants Market - Forecast(2024 - 2030)
Aviation Adhesives & Sealants Market Overview
Aviation Adhesives & Sealants market is projected to grow
at a CAGR of 5.9% during the forecast period 2022-2027 and is estimated to be
valued at USD $1.25 billion by 2027. Aviation adhesives and sealants
are used in a variety of aerospace applications like manufacturing wing spars,
panels, and cockpit doors
to interior applications like hydraulic thread systems and thread-lockers. The
most common types of adhesives & sealants are anaerobic adhesives, structural acrylics and cyanoacrylates which are
commonly used in attaching and sealing metals and glass. Aviation adhesives and
sealants are commonly made of epoxy, polyurethane, polysulfide, and silicone resins among others. The report coverage includes various segments and analyse the market
landscape, drivers, and challenges for the Aviation Adhesives & Sealants
Market.
COVID-19 Impact
The COVID-19 Pandemic caused many nations and governments to
implement lockdown procedures due to which the supply chain was heavily
disrupted for many industries. The Aviation Adhesives & Sealants Market
also saw a decline during this period owing to the above reasons. The primary
application of aviation adhesives and sealants are in aircrafts and the Aerospace
Industry saw a decrease in demand during the COVID-19 pandemic as well.
According to the International Air Transport Association, the demand for
passenger air travel fell by 65% from 2019 to 2020 with international travel
decreasing by 75.6% since 2019. However, the economy is now recovering as many
people are getting vaccinated and lockdown procedures are being lifted
globally. Due, to this the Aerospace Industry is projected to recover. According
to the International Air Transport Association (IATA), there was a 13.1% growth
in capacity tonne kilometre (CTK) for global cargo transport in airlines in
2021. As such, the Aviation Adhesives & Sealants Market is also recovering
and is projected to grow within the forecast period.
Report Coverage
The report: “Aviation
Adhesives & Sealants Market – Forecast (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Aviation Adhesives
& Sealants Industry.
By Type: Adhesives (Anaerobic Adhesives, Structural Acrylics, Cyanoacrylates,
Others), Sealants (Metal Sealants, Glass Sealants, Fuel Tank Sealants, Others).
By Resin Type: Epoxy, Polyurethane (PU), Polysulfide, Silicones, Others.
By Technology: Solvent-based, Water-based, UV-cured, Others
By Application: Commercial (General Aviation, Others), Military
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany,
France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe),
Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand,
Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil,
Argentina, Colombia, Chile, and Rest of South America), Rest of the World
(Middle East, and Africa).
Key Takeaways
- Aviation adhesives & sealants are used in the bonding and sealing of metals and glass to substrates and is used in the manufacture of exterior and interior structures of aircrafts.
- Asia-Pacific holds the largest share in the Aviation Adhesives & Sealants Market by region.
- The Aerospace Industry is expected to grow substantially during the forecast period which is going to drive the demand for the Aviation Adhesives & Sealants Market.
- The COVID-19 Pandemic proved to be a challenge for the growth of the market as the Aerospace Industry saw a decline in demand during this period.
Figure: North America Aviation Adhesives & Sealants Market
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Aviation Adhesives & Sealants Market Analysis – By Type
Adhesives held the largest share of 55% in the aviation adhesives & sealants market in 2021
Aviation Adhesives & Sealants Market Analysis – By Resin Type
Epoxy resins held the largest share by 38% in the Aviation
Adhesives and Sealants Market in 2021. One of the key components used in the
manufacture of aircrafts are carbon fibers and epoxy resins that are excellent in
bonding carbon fiber with other substrates. The low density of the lightweight
honeycomb edge fillers makes them ideal for maintaining the weight of the
aircraft. According to the European Chemical Industry Council (CEFIC), an
average of 259,000 tons of Epoxy resins are produced every year in Europe.
Another common resin used in Aviation adhesives and sealants is Polyurethane. Polyurethane
adhesives and sealants provide excellent stress recovery to retain better shape
and provides strong bonding the tight seals. Some other resins used in aviation
adhesives and sealants are polysulfide and silicones.
Aviation Adhesives & Sealants Market Analysis – By Technology
The solvent-based technology held the largest share of 40%
in the Aviation Adhesives & Sealants Market in 2021. Solvent-based
adhesives use a solvent as a carrier for the resin and is designed for more
demanding and long-term applications where there is a greater need for speed of
application and faster production. Solvent-based adhesives are very durable in
nature and are heat and chemical resistant providing strong and rigid bonds.
Another type of aviation adhesives & sealants are water-based adhesives
which are non-hazardous, environment-friendly and contains very less Volatile
Organic Compounds (VOC). They provide a consistent bond and is also
non-flammable. There are also UV-cured adhesives which are less common as well
as other adhesives that use different technologies.
Aviation Adhesives & Sealants Market Analysis – By Application
Commercial aviation held the largest share of 56% in the
Aviation Adhesives and Sealants market in 2021
Aviation Adhesives & Sealants Market Analysis – By Geography
The Asia-Pacific region held the largest share of 40% in the
Aviation Adhesives & Sealants market in 2021. Asia-Pacific has seen a
significant increase in air traffic in recent years, especially in China and
India. According to Boeing Commercial Market Outlook
Aviation Adhesives & Sealants Market Drivers
The increase demand for aircraft deliveries globally:
The global fleet off aircrafts is
expected to grow substantially in the future which is also driving the demand
for aircraft adhesives and sealants. According to the Boeing Commercial Market
Outlook
Aviation Adhesives & Sealants Market Challenges
Stringent regulations for adhesives and sealants:
One of the key challenges for the
Aviation Adhesives & Sealants Market is the various global regulations that
affect the production & trade of adhesives and sealants. One such example
is the Regulation of Environmental Protection by the State of Connecticut,
Section 22a-174-44. Under this section, all adhesives and sealants must go
through the necessary compliance procedures and test methods along with
limitations on Volatile Organic Compounds (VOCs). Such regulations can prove to
be a challenge for the market as it strictly limits the production and trade of
aviation adhesives and sealants.
Aviation Adhesives & Sealants Industry Outlook
Technology launches, acquisitions, and R&D activities are
key strategies adopted by players in the Aviation Adhesives & Sealants
Market. The key companies in the Aviation Adhesives & Sealants Market are:
1. 3M Company
2. Henkel AG & Co. KGaA
3. Huntsman Corporation
4. PPG Industries Inc.
5. Solvay Group (Cytec)
6. Arkema S.A. (Bostik)
7. Hexcel Corporation
8. Royal Adhesives and Sealants
9. United Resin Corporation
10. Beacon Adhesives
Recent Developments
- On 19 September 2019, the Huntsman Corporation opened a new polyurethane systems house in Dubai which will increase their capacity to produce polyurethane systems and better supply them in Middle East and Africa.
- On 12 March 2019, the Hexcel Corporation and Arkema S.A. announced a partnership and opened a joint research and development laboratory in Les Avenières (Isère), France. This collaboration helps them develop new thermoplastic composite solutions for the aerospace sector.
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