DUBLIN, October 2, 2017 /PRNewswire/ --
The "Aerospace Adhesive & Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-Based, Water-Based), End-user Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), Aircraft Type, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global aerospace adhesive & sealants market is projected to reach USD 954.7 Million by 2022, at a CAGR of 5.46% between 2017 and 2022
Increasing penetration of composites in aircraft and increasing aircraft deliveries are increasing the demand for aerospace adhesive & sealants. The emerging middle-class population in developing countries, such as China, India, and Brazil, has also triggered the growth of the aerospace adhesive & sealants market.
In 2016, the commercial end-user industry segment accounted for the largest market share, in terms of value, followed by the military and general aviation segments. In the Asia Pacific region, the aerospace adhesive & sealants market is driven by the growing demand for air travel in countries like China and India. This growth in demand for air travel can be attributed to the increasing disposable income of the middle-class population in these countries.
By resin type, the epoxy resin segment currently dominates the aerospace adhesive & sealants market and is also projected to witness the highest CAGR between 2017 and 2022. Epoxy resins have a unique combination of adhesion, chemical resistance, and physical properties. Epoxy resins have liquid reactive polymers and provide outstanding protection against severe corrosive environments. Because of these properties, epoxy resins command more demand in end-user industries, such as commercial, military, and general aviation.
The Asia Pacific market is projected to witness the highest growth rate, in terms of value and volume, between 2017 and 2022. Over the past years, there has been an enormous increase in air traffic in the Asia Pacific region due to affordable fares offered by low-cost airlines. This increase in air traffic leads to a rise in demand for newer aircraft and associated services, which, in turn, drive the aerospace adhesive & sealants market in this region. One of the most significant factors restraining the growth of the aerospace adhesive & sealants market is the inconsistent global defense spending. This further causes fluctuation in the prices of aerospace adhesive & sealant products.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Aerospace Adhesive & Sealants Market, By Type
7 Aerospace Adhesive & Sealants Market, By Resin/Chemistry Type
8 Aerospace Adhesive & Sealants Market, By Technology Type
9 Aerospace Adhesive & Sealants Market, By User Type
10 Aerospace Adhesive & Sealants Market, By End-Use Industry
11 Aerospace Adhesive & Sealants Market, By Aircraft Type
12 Aerospace Adhesive & Sealants Market, By Region
13 Competitive Landscape
14 Company Profiles
- Avery Dennison Corporation
- Beacon Adhesives, Inc.
- Bostik (Arkema S.A.)
- Cytec Solvay Group
- DOW Corning Corporation
- Dymax Corporation
- H.B. Fuller
- Henkel AG & Co. KGaA
- Hernon Manufacturing Inc.
- Hexcel Corporation
- Huntsman International LLC
- Hylomar Limited
- Illinois Tool Works Inc.
- L&L Products
- Lord Corporation
- Master Bond Inc.
- PPG Industries, Inc.
- Parson Adhesives, Inc.
- Permabond LLC.
- Quin Global
- Royal Adhesives & Sealants
- United Resin Corporation
For more information about this report visit https://www.researchandmarkets.com/research/x4g6zk/aerospace
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