The global Aerospace Adhesives Market was valued at USD 811 million in 2018 and is expected to reach USD 1,224 million in 2026, growing at a CAGR of 5.2% during the forecast period. The growing demand for lightweight and fuel-efficient vehicles is acting as a catalyst for the market growth.
Aerospace structural design must produce a minimal (not necessarily minimum) weight, airworthy (or “space-worthy”) structure that is part of a reliable, cost-effective and, above all, safe system under a variety of operating conditions. Many of these operational conditions are harsh. In addition, since aircraft cost is a function of weight and complexity, airplane cost almost always goes up when weight increases. Not only is the total weight important, the weight distribution is important since it controls sizing for control surfaces as the result of its effects on positions and range.
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There is no performance index for an airplane that is not degraded by increased weight or improved by decreased weight. Weight variations can be extreme on long-range aircraft because of fuel use. Military airplanes drop bombs and shoot rockets during their mission. The center of gravity travel creates needs for control surfaces that may be difficult to design if the travel is extreme. Therefore, the demand for lightweight aerospace structures is increasing, as, on the other hand, it fulfils the need for fuel-efficient aerial vehicles.
Aerospace structures development not only emphasizes the design of light weight components, it also has to consider a wide variety of special loads, such as inertia and vibratory loading during launch, take-off or inflight manoeuvring. Structural weight depends on only two factors: the material of construction and the way in which the material is disposed to achieve strength. Therefore, for disposing the strength to the material, the adhesives play an important role, as, the effective adhesive offers an efficient bonding strength with the application of least amount. This, in turn, is driving the need for effective aerospace adhesives across the globe.
Key Findings:
Based on the type, the water-soluble adhesives segment is expected to grow at the highest CAGR of around 7.6% during the forecast period.
Based on the application, the commercial aircraft segment is accounted for the largest share in the market and held for around 52% of the total market in 2018.
North America accounted for around 36% share of the global aerospace adhesives market in 2018.
Recent News
In June 2019, Henkel AG and Company inaugurated a new European production facility for high-performing aerospace solutions, focussing majorly on the key properties such as fuel-efficiency, lightweight, and automation.
In March 2018, Hexcel Corporation signed a partnership agreement with the Arkema Group. Through this agreement, the companies are planning to develop thermoplastic composite solutions for the aerospace industry.
In October 2017, PPG Industries, Inc. launched the US webstore, consisting of products that can be used for aerospace adhesives and sealants application.
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