Aerospace Adhesive and Sealant Market To Reach US$ Xx Billion By 2028; Increasing Global Aircraft Manufacturing Could Improve Growth Of The Market.

• admin@insureinsights
• September 19, 2020
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“Aerospace Adhesive and Sealant Market, Size, Share, Opportunities analysis, By Aircraft (Single Aisle, Regional jets, Small Wide body, Medium wide body, Large wide body), By Technology (Solvent based, Water based, Others), By End-user (Commercial, Military, General Aviation), and By Region regional forecast, 2020-2028.”

The global Aerospace adhesive and sealant market is anticipated to expand at a CAGR of 6.4% between 2020 and 2027 and earn around US$ billion by 2027. The market is driven by the rising penetration of composites in the aircraft industry. The increasing demand for fuel efficiency and light-weight vehicle, the aircraft manufacturing companies, are inclining more towards the adoption of composite components in the assembly, thereby increasing penetration of composite components in aircraft. This has consecutively propelled the demand for aerospace adhesives and sealants. The production of aircraft vehicles is mainly driven by increasing air traffic growth in developing countries and rapid urbanization in emerging countries like China and India.

Key trends of global aerospace adhesive and sealant market

• Asia Pacific could show faster growth in the global aerospace adhesive and sealants due to affordable fares offered by low-cost airlines.
• Based on the aircraft type, the large wide body is expected to witness growth in the near future.
• Among technology, the solvent based segment in estimated to grow at a significant pace.
• Among end-user type segments of the global aerospace adhesive and sealant market, commercial segment could exhibit quick growth in future

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Henkel AG, 3M, PPG Industries, Huntsman Corporation, Cytec-Solvay, H.B. Fuller, Bostic, Hexcel Corporation, DowDuPont, Master Bond, and Lord Corporation among others could be at the forefront of the competition in the global market.

Table of Segmentation: