Adhesives in the Aerospace Market Trends and Forecast
The future of adhesives in the global aerospace market looks promising with opportunities in the original equipment manufacturer and maintenance, repair & operation markets. Adhesives in the global aerospace market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising production of commercial & military aircraft, growing focus on lightweight materials, and increasing demand for high-performance aerospace adhesives.
The majority of adhesives in aerospace are typically made from advanced polymers like epoxy, polyurethane, silicone and phenolic resins. Curing agents, tougheners, and fillers are also included as raw materials to improve mechanical properties, such as thermal resistance and durability which must meet the stringent requirements of the aerospace applications.
In comparison with other industries, aerospace adhesives are usually more costly as a result of their specialized formulations and strict performance requirements. Higher pricing is an indication of the need for better resistance against extreme environmental conditions, superior strength and high thermal stability that guarantees safety and reliability in significant applications within the aerospace industry.
• Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period.
• Within this market, original equipment manufacturer is expected to witness higher growth.
Country Wise Outlook for Adhesives in the Aerospace Market
Adhesives in the aerospace market is witnessing substantial growth globally, driven by increased demand from various industries, such as original equipment manufacturer and maintenance, repair & operation. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major adhesives producers in key regions: the USA, China, India, and Germany.
Emerging Trends of Adhesives in the Aerospace Market
• Reliability and Environmentally Friendly Compositions: Developers have been paying attention to adhesives with low volatile organic compounds (VOCs) having less environmental toxicity through the use of sustainable raw materials. There is also an increasing focus on green chemistry and sustainable production processes in these companies.
• Automation and Advanced Application Techniques: The adoption of automated application methods, such as robotic dispensing systems, is on the rise. These techniques improve precision, reduce waste, and enhance the efficiency of adhesive application in aerospace manufacturing.
• Growth in MRO (Maintenance, Repair, and Overhaul) Sector: The expanding global fleet of the commercial and military aircraft increases the demand for adhesives in the MRO sector. High-performance adhesives are essential for repairing and maintaining aircraft, ensuring their continued safety and reliability.
• Adoption of Composite Materials: The increasing use of composite materials in aircraft construction drives the need for adhesives specifically designed to bond composite substrates. These adhesives must provide strong adhesion and durability under varying environmental conditions.
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Recent Development of Adhesives in the Aerospace Market
• Henkel: Henkel has introduced its new Loctite EA 9365FST adhesive, which meets stringent aerospace regulations for flame retardancy, smoke, and toxicity. This product enhances safety in aircraft interiors while providing strong bonding and lightweight benefits.
• 3M: 3M has developed a new line of structural adhesives for the aerospace applications that offer enhanced durability and performance under extreme conditions. The new adhesives aim to improve fuel efficiency by reducing aircraft weight and enhancing structural integrity.
• Huntsman Corporation: Huntsman has launched its Araldite 2000 series, a range of high-performance adhesives designed specifically for the aerospace sector. These adhesives provide superior bonding strength and are suitable for a wide range of materials used in aircraft manufacturing
• Solvay: Solvay has expanded its portfolio with the introduction of its new thermoplastic adhesive films. These films offer improved processing efficiency and are designed to meet the demanding performance standards of the aerospace applications, including high-temperature resistance and durability.
Strategic Growth Opportunities for Adhesives in the Aerospace Market
Einige wichtige strategische Wachstumschancen für diesen Markt sind:
Growing Demand for Lightweight Materials:
The push for fuel efficiency and reduced emissions drives the use of lightweight materials, which in turn increases the demand for high-performance adhesives that can bond these materials effectively.
Advancements in Aerospace Technology:
The development of advanced composites and lightweight materials in aerospace requires specialized adhesives for enhanced performance and durability.
Expansion of Commercial and Military Aircraft:
Rising aircraft production rates and the need for maintenance, repair, and overhaul (MRO) services provide opportunities for adhesives used in both new builds and repairs.
Development of Advanced Adhesive Technologies:
Innovations in adhesive technologies, such as high-temperature and high-strength adhesives, open new applications and improve the performance of aerospace components.
Increased Use of Composite Materials:
The growing adoption of composite materials in aerospace structures necessitates the development of adhesives that can bond these materials while withstanding harsh environmental conditions.
Sustainability Initiatives:
The trend towards environmentally friendly and sustainable adhesives aligns with aerospace industry goals for reducing the environmental impact of manufacturing and operations.
Adhesives in the Aerospace Market Driver and Challenges
The factors responsible for driving the Adhesive in Aerospace market include:
• Increasing Aircraft Production: The global surge in aircraft production, including both commercial and military aircraft, drives demand for advanced adhesives. These materials are crucial for assembly, bonding, and sealing in modern aircraft, offering growth opportunities for suppliers.
• Demand for Lightweight Materials: The aerospace industry’s push for lightweight materials to improve fuel efficiency and reduce emissions creates opportunities for adhesives that can replace traditional fasteners. High-performance adhesives enable the use of lightweight composites and advanced materials.
• Advancements in Adhesive Technologies: Emerging technologies in adhesive formulations, such as high-temperature resistance, enhanced durability, and multifunctional properties, present growth opportunities. Innovations like smart adhesives with self-healing capabilities and those that offer better performance under extreme conditions are in demand.
• Sustainability and Eco-Friendly Solutions: There is a growing emphasis on developing adhesives with lower environmental impact. Adhesives that are low in volatile organic compounds (VOCs) and made from sustainable raw materials align with the aerospace industry's increasing focus on eco-friendly practices.
• Expansion in Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, are experiencing significant growth in aerospace activities. This expansion opens up new opportunities for adhesive suppliers to enter and grow in these high-growth regions.
Challenges in the Adhesive in Aerospace market are:
• High Cost of Advanced Adhesives: The cost of specialized and high-performance adhesives can be high, which may limit adoption, particularly for smaller or cost-sensitive projects.
• Complexity of Adhesive Formulations: Developing adhesives that perform reliably under extreme temperatures, pressures, and environmental conditions can be challenging, requiring ongoing research and development.
Adhesives Suppliers in the Aerospace Market and Their Market Shares
Adhesives Suppliers in the Aerospace Market and Their Market Shares
In this globally competitive market, several key players, such as PPG Industries, Scigrip Adhesives, Hexcel Corporation, DuPont, Illinois Tool Works, Huntsman Corporation, Beacon Adhesives, etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies adhesives suppliers in the aerospace market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the adhesives companies in the aerospace market profiled in this report include-
• PPG Industries
• Scigrip Adhesives
• Hexcel Corporation
• DuPont
• Illinois Tool Works
• Huntsman Corporation
• Beacon Adhesives
• Permabond
• Master Bond
• Henkel
These companies have established themselves as leaders in adhesive in the aerospace market, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the adhesive in the aerospace market, are evolving, with the entry of new players and the emergence of innovative adhesive technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Adhesives in the Aerospace Market by Segment
Growth in the aerospace adhesives can be seen in their major segments such as high-performance structural adhesives, which are vital for bonding lightweight composite materials and improving fuel usage; sealants that offer strong defense against weather conditions and ensure integrity of plane systems; and specialty adhesives required for modern aero-space like space exploration and military aircraft. Furthermore, there is a growing need for sustainable or green adhesive products that are VOC free hence meeting environmental targets and regulatory compliance. These divisions have been expanding due to commitment from the aerospace sector towards innovative designs, performance based approach as well as environmentally friendly policies.
This adhesives in the aerospace market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including resin types, technologies, functions, and end use industries. The report offers insights into regional dynamics, highlighting the major markets for adhesives in the aerospace and their growth potentials.
Adhesives in the Aerospace Market by Resin Type [Value from 2018 to 2030]:
• Epoxy
• Polyurethane
• Silicone
• Other
Adhesives in the Aerospace Market by Technology [Value from 2018 to 2030]:
• Waterborne
• Solvent Borne
• Reactive
Adhesives in the Aerospace Market by Function [Value from 2018 to 2030]:
• Structural
• Non-Structural
Adhesives in the Aerospace Market by End Use [Value from 2018 to 2030]:
• Original Equipment Manufacturer
• Maintenance, Repair & Operations
Adhesives in the Aerospace Market by Region [Value from 2018 to 2030]:
• Nordamerika
• Europa
• Asien -Pazifik
• Der Rest der Welt
Features of Adhesives in the Global Aerospace Market
Market Size Estimates: Adhesives in the aerospace market size estimation in terms of value ($B).
Trend- und Prognoseanalyse: Markttrends (2018 bis 2023) und Prognose (2024 bis 2030) durch verschiedene Segmente und Regionen.
Segmentation Analysis: Adhesives in the aerospace market size by various segments, such as by resin type, technology, function, end use, and region in terms of value ($B).
Regional Analysis: Adhesives in the aerospace market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin types, technologies, functions, end uses, and regions for adhesives in the aerospace market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of adhesives in the aerospace market.
Analyse der Wettbewerbsintensität der Branche basierend auf dem Fünf -Kräfte -Modell von Porter.
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FAQ
Q1. What is the growth forecast for adhesives in the aerospace market?
Answer: Adhesives in the global aerospace market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of adhesives in the aerospace market?
Answer: The major drivers for this market are rising production of commercial & military aircraft, growing focus on lightweight materials, and increasing demand for high-performance aerospace adhesives.
Q3. What are the major segments for adhesives in the aerospace market?
Answer: The future of adhesives in the aerospace market looks promising with opportunities in the original equipment manufacturer and maintenance, repair & operation markets.
Q4. Who are the key adhesives companies in the aerospace market?
Answer: Some of the key adhesives companies in the aerospace market are as follows:
• PPG Industries
• Scigrip Adhesives
• Hexcel Corporation
• DuPont
• Illinois Tool Works
• Huntsman Corporation
• Beacon Adhesives
• Permabond
• Master Bond
• Henkel
Q5. Which adhesives in the aerospace market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period.
Q6. In adhesives in the aerospace market, which region is expected to be the largest in next 5 years?
Antwort: APAC wird voraussichtlich das höchste Wachstum im Prognosezeitraum verzeichnen.
Q7. Do we receive customization in this report?
Antwort: Ja, LucinTel bietet 10% Anpassung ohne zusätzliche Kosten.
Dieser Bericht beantwortet nach 11 Schlüsselfragen:
Q.1. What are some of the most promising, high-growth opportunities for adhesives in the aerospace market by resin type (epoxy, polyurethane, silicone, and other), technology (waterborne, solvent borne, and reactive), function (structural and non-structural), end use (original equipment manufacturer and maintenance, repair & operations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Welche Segmente werden schneller wachsen und warum?
Q.3. Welche Region wird schneller wachsen und warum?
Q.4. Was sind die Schlüsselfaktoren für die Marktdynamik? Was sind die wichtigsten Herausforderungen und Geschäftsrisiken in diesem Markt?
Q.5. Was sind die Geschäftsrisiken und wettbewerbsfähigen Bedrohungen in diesem Markt?
Q.6. Was sind die aufkommenden Trends in diesem Markt und die Gründe dafür?
Q.7. Was sind einige der sich ändernden Anforderungen von Kunden auf dem Markt?
Q.8. Was sind die neuen Entwicklungen auf dem Markt? Welche Unternehmen führen diese Entwicklungen an?
Q.9. Wer sind die Hauptakteure in diesem Markt? Welche strategischen Initiativen verfolgen wichtige Akteure für das Geschäftswachstum?
Q.10. Was sind einige der konkurrierenden Produkte in diesem Markt und wie stark sie für den Verlust des Marktanteils durch Material- oder Produktsubstitution darstellen?
Q.11. Welche M & A -Aktivitäten sind in den letzten 5 Jahren stattgefunden und wie hat ihre Auswirkungen auf die Branche?
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