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.
Aerospace adhesives are used in a range of applications in the aerospace industry including creating a bond between a variety of substrate materials, such as fixtures, mechanical and structural applications. Some of the major factors that drive the market growth include the rising air traffic due to rising disposable income in the emerging economies, such as India and China.
Aerospace Adhesives Market Segmentation |
|
| By Type | 1. Water-Soluble Adhesives |
| 2. Hot-Melt Adhesives | |
| 3. Solvent-Based Adhesives | |
| By Application | 1. Commercial Aircraft |
| 2. Military Aircraft | |
| 3. General Aviation | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Increasing demand for lightweight and fuel-efficient aerial vehicles is another factor that holds a significant opportunity in driving market growth. However, the reduction in military spending in the developed economies across the globe is hampering global market growth.
The water-soluble adhesives segment expected to grow at the fastest rate of 7.6% CAGR during the forecast period
Based on type, the global aerospace adhesives market has been segmented into water-soluble adhesives, hot-melt adhesives, and solvent-based adhesives. The water-soluble adhesives segment is projected to be the fastest-growing segment during the forecast period. The water-soluble adhesives segment registers a remarkable share in the market, owing to its eco-friendly nature. Moreover, it consists of high-water content and possesses low toxicity, which marks its increased adoption as a less flammable technology. Such type of adhesives fulfills the increasing demand for lightweight, eco-friendly, and efficient aircraft, which in turn, drives the growth of water-soluble adhesives in the aerospace adhesives market.
Based on application, the commercial aircraft segment is expected to lead during the forecast period
Based on application, the market has been segmented into commercial aircraft, military aircraft, and general aviation. The commercial aircraft segment is projected to have the largest share of 52% in the global market. Rising disposable income coupled with rising air traffic in emerging economies, such as India and China, is one of the major factors that propel the growth of commercial aircraft. Increasing e-commerce application among countries is another factor that is fuelling the growth of the commercial aircraft, in turn, driving the need for aerospace adhesives market.
North America to dominate the aerospace adhesives market throughout the forecast period
North America accounted for nearly a 36% share in the global aerospace adhesives market in 2018 and is expected to dominate the market throughout the forecast period. The growth in the region is majorly attributed to the presence of key aerospace manufacturing companies, especially in the US. Northrop Grumman Corporation, United Technologies Corporation, and Lockheed Martin Corporation are among the major aircraft manufacturing firms across the globe, having their headquarters in the US. Along with the presence of major market players, the region marks the huge defence expenditure which as a result, is supporting the market growth. The US and Canada being the major economies of North America spend a substantial amount of the GDP on the military and defence. Along with this, the US has a keen focus on the country’s security, to which it spends a huge sum on its air force, including the aerial vehicles.
Company Profiles and Competitive Intelligence in Aerospace Adhesives Market Report are:
The major players operating in the global aerospace adhesives market are 3M Company (US), Arkema Group (France), Avery Dennison Corporation (US), Beacon Adhesives Inc. (US), Solvay SA (Belgium), Henkel AG and Company (Germany), Huntsman Corporation (US), PPG Industries Inc. (US), Hexcel Corporation (US), and Permabond LLC (US), among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Aerospace Adhesives Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Aerospace Adhesives Market
1.3. Market Dynamics
1.4. Global Aerospace Adhesives Market, by Segment, 2018
1.4.1. Global Aerospace Adhesives Market, by Type, 2018, (USD Million)
1.4.2. Global Aerospace Adhesives Market, by Application, 2018, (USD Million)
1.4.3. Global Aerospace Adhesives Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Aerospace Adhesives Market in Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Aerospace Adhesives Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Rising disposable income in the emerging economies
2.2.2. Increasing demand for lightweight and fuel-efficient aerial vehicles
2.3. Market Restraints
2.3.1. Reduction in military spending in the developed economies
2.4. Market Opportunities
2.4.1. Rising demand for commercial aircraft
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Aerospace Adhesives Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Water-Soluble Adhesives
3.2.1. Global Aerospace Adhesives Market, by Water-Soluble Adhesives, 2016-2026, (USD Million)
3.3. Hot-Melt Adhesives
3.3.1. Global Aerospace Adhesives Market, by Hot-Melt Adhesives, 2016-2026, (USD Million)
3.4. Solvent-Based Adhesives
3.4.1. Global Aerospace Adhesives Market, by Solvent-Based Adhesives, 2016-2026, (USD Million)
Chapter 4 Global Aerospace Adhesives Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Commercial Aircraft
4.2.1. Global Aerospace Adhesives Market, by Commercial Aircraft, 2016-2026, (USD Million)
4.3. Military Aircraft
4.3.1. Global Aerospace Adhesives Market, by Military Aircraft, 2016-2026, (USD Million)
4.4. General Aviation
4.4.1. Global Aerospace Adhesives Market, by General Aviation, 2016-2026, (USD Million)
Chapter 5 Global Aerospace Adhesives Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Aerospace Adhesives Market, by Region, 2016-2026, (USD Million)
5.1.2. Attractive Investment Opportunity, by Region, 2018
5.2. North America Aerospace Adhesives Market
5.2.1. North America Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
5.2.2. North America Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
5.2.3. United States Aerospace Adhesives Market, 2016-2026 (USD Million)
5.2.4. Canada Aerospace Adhesives Market, 2016-2026 (USD Million)
5.3. Europe Aerospace Adhesives Market
5.3.1. Europe Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
5.3.2. Europe Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
5.3.3. United Kingdom Aerospace Adhesives Market, 2016-2026 (USD Million)
5.3.4. Germany Aerospace Adhesives Market, 2016-2026 (USD Million)
5.3.5. France Aerospace Adhesives Market, 2016-2026 (USD Million)
5.3.6. Rest of Europe Aerospace Adhesives Market, 2016-2026 (USD Million)
5.4. Asia Pacific Aerospace Adhesives Market
5.4.1. Asia Pacific Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
5.4.2. Asia Pacific Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
5.4.3. China Aerospace Adhesives Market, 2016-2026 (USD Million)
5.4.4. Japan Aerospace Adhesives Market, 2016-2026 (USD Million)
5.4.5. India Aerospace Adhesives Market, 2016-2026 (USD Million)
5.4.6. Rest of Asia Pacific Aerospace Adhesives Market, 2016-2026 (USD Million)
5.5. Latin America Aerospace Adhesives Market
5.5.1. Latin America Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
5.5.2. Latin America Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
5.5.3. Brazil Aerospace Adhesives Market, 2016-2026 (USD Million)
5.5.4. Mexico Aerospace Adhesives Market, 2016-2026 (USD Million)
5.5.5. Rest of Latin America Aerospace Adhesives Market, 2016-2026 (USD Million)
5.6. Middle East & Africa Aerospace Adhesives Market
5.6.1. Middle East & Africa Aerospace Adhesives Market, by Type, 2016-2026 (USD Million)
5.6.2. Middle East & Africa Aerospace Adhesives Market, by Application, 2016-2026 (USD Million)
5.6.3. GCC Aerospace Adhesives Market, 2016-2026 (USD Million)
5.6.4. Rest of Middle East & Africa Aerospace Adhesives Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. 3M Company
7.1.1. 3M Company Overview
7.1.2. 3M Company Products Portfolio
7.1.3. 3M Company Financial Overview
7.1.4. 3M Company News/Recent Developments
7.2. Arkema Group
7.2.1. Arkema Group Overview
7.2.2. Arkema Group Products Portfolio
7.2.3. Arkema Group Financial Overview
7.2.4. Arkema Group News/Recent Developments
7.3. Avery Dennison Corporation
7.3.1. Avery Dennison Corporation Overview
7.3.2. Avery Dennison Corporation Products Portfolio
7.3.3. Avery Dennison Corporation Financial Overview
7.3.4. Avery Dennison Corporation News/Recent Developments
7.4. Beacon Adhesives Inc.
7.4.1. Beacon Adhesives Inc. Company Overview
7.4.2. Beacon Adhesives Inc. Company Products Portfolio
7.4.3. Beacon Adhesives Inc. Company Financial Overview
7.4.4. Beacon Adhesives Inc. Company News/Recent Developments
7.5. Solvay SA
7.5.1. Solvay SA Overview
7.5.2. Solvay SA Products Portfolio
7.5.3. Solvay SA Financial Overview
7.5.4. Solvay SA News/Recent Developments
7.6. Henkel AG and Company
7.6.1. Henkel AG and Company Overview
7.6.2. Henkel AG and Company Products Portfolio
7.6.3. Henkel AG and Company Financial Overview
7.6.4. Henkel AG and Company News/Recent Developments
7.7. Huntsman Corporation
7.7.1. Huntsman Corporation Overview
7.7.2. Huntsman Corporation Products Portfolio
7.7.3. Huntsman Corporation Financial Overview
7.7.4. Huntsman Corporation News/Recent Developments
7.8. PPG Industries Inc.
7.8.1. PPG Industries Inc. Overview
7.8.2. PPG Industries Inc. Products Portfolio
7.8.3. PPG Industries Inc. Financial Overview
7.8.4. PPG Industries Inc. News/Recent Developments
7.9. Hexcel Corporation
7.9.1. Hexcel Corporation Overview
7.9.2. Hexcel Corporation Products Portfolio
7.9.3. Hexcel Corporation Financial Overview
7.9.4. Hexcel Corporation News/Recent Developments
7.10. Permabond LLC
7.10.1. Permabond LLC Overview
7.10.2. Permabond LLC Products Portfolio
7.10.3. Permabond LLC Financial Overview
7.10.4. Permabond LLC News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Application I – Secondary Research
8.2.2. Application II – Primary Research
8.2.3. Application III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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