Global aerospace adhesive and sealants market to grow at a CAGR of 5.31% during the period 2018-2022.
Albany, NY -- (SBWIRE) -- 01/15/2018 -- The aircrafts maintenance cost is increasing due to the micro-cracks observed in aircrafts. These cracks reduce the strength of the composite materials. As a result, several manufacturers are preferring the adoption of self-healing composites that help in the extension of the life of the polymeric materials. This, in turn, will drive the demand for aircraft sealants and adhesive. Recently, a new study titled "Global Aerospace Adhesive and Sealants Market 2018-2022" has been publicized to the wide repository of Market Research Hub (MRH). According to this detailed study, the global aerospace adhesive and sealants market anticipated to grow at a CAGR of 5.31% during the period 2018-2022.
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The report aims to present a comprehensive assessment of the worldwide market for aerospace adhesive and sealants on several important parameters. Moreover, the primary regions are analyzed for the purpose of evaluating the impact of the different factors mentioned in the research report. Regions highlighted in the study are APAC, EMEA and Americas. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and synopsis of data from multiple sources.
Market Introduction & Key Highlights
An aerospace adhesive is used throughout the interior, exterior and engine compartment of aircraft. Analysts through this research have identified that the rising demand for composite materials as one of the major factors that will have a positive impact on this market's growth during the next few years. With the rising demand for composite materials in floor beam and boards, landing gear doors, and flight control surfaces, the need for aerospace adhesives will increase since they offer better durability and strength to these composite materials.
It has been also stated in the study that rapid urbanization in developing countries such as Angola, Brazil, China, India, and Mexico offers considerable growth opportunities to the domestic vendors in the aerospace sealants and aerospace adhesives market. For a clear understanding of the market, the global market is mainly segmented into resin type, technology, end-user and geography. Based on the resin type, the epoxy segment dominates the global aerospace adhesive and sealants market. This segment is expected to witness the fastest CAGR during the forecast period. Epoxy resins have a unique combination of adhesion, physical properties, and chemical resistance.
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Major end-user are Commercial, General aviation and Military. The demand for adhesive and sealants is increasing in the commercial aviation industry due to the rising production of commercial aircrafts. On the basis of technology, the research covers water-based and solvent-based technology. Out of these two, the adoption of water-based adhesives and sealants is expected to increase through 2022.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. 3M, Arkema, Huntsman International, Solvay, Henkel and PPG Industries are major players functioning in the global aerospace adhesive and sealants market.
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