Aviation Adhesives and Sealants Market To Reach USD 1.84 Billion By 2027
Market Summary
Increasing demand from the aviation sector for adhesives and sealants to increase fuel efficiency is driving the demand for the market. Aviation Adhesives and Sealants Market Size – USD 1.17 Billion in 2019, Market Growth - CAGR of 6.2%, Market Trends – High demand in the aviation sector.
Market Summary Our Approach The Global Aviation Adhesives and Sealants Market is projected to reach USD 1.84 billion in 2027. Rising aircraft demand and growing composite penetration are likely to contribute significantly to the growth of the industry over the forecast period. Demand for aircraft adhesives and sealants in general, commercial, and military end-use applications is increasing due to a significant increase in aircraft construction activities to cater to the increasing demand for air travel coupled with a substantial decrease in jet fuel prices. Growing instability in international relations between countries has also increased global defense spending, which, in turn, is likely to improve the end-use application of military aviation. Rising R&D activities and various government incentive programs are likely to boost aircraft production, which in turn is likely to boost consumer demand for adhesive and sealant products. Thanks to the emergence of emerging technologies, solvent-based adhesives and sealants are expected to be experiencing broad acceptance in the aviation industry. Such newly-developed innovations are being embraced by a growing number of manufacturers to produce more efficient products with low dry times and environmentally friendly attributes. Key players in the market include Henkel AG, The 3M Company, PPG Industries, Inc., Huntsman Corporation, Cytec-Solvay, H.B. Fuller, Bostic, Hexcel Corporation, Dowdupont, and Master Bond, among others. To Get Sample Copy of Report visit: https://www.reportsanddata.com/sample-enquiry-form/3364
Market Summary Our Approach Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) Epoxy Silicone Polyurethane Others Technology Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) Solvent-based Water-based Others Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027) Commercial Military Others
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Market Summary Our Approach Further key findings from the report suggest The key driving factor for the growth of epoxy resin is increased product penetration and expansion of production facilities and new assembly lines. The segment of commercial aircraft accounts for more than half of the adhesive market. It is likely to see lucrative growth due to increased travel demand and the growth of low-cost carriers in emerging economies. On the global aerospace adhesives & sealants market, epoxy resins are projected to experience the highest demand resulting in this segment's fastest-growing. It also accounts for the greater market share. The military aircraft segment in the sealant market is expected to see growth in terms of volume from 2019 to 2027. The key factor for the segment's growth is increasing U.S., China, and India defense spending. North America is the largest region with a majority share in volume. Investment in production facilities for aircraft operators and components manufacturers in the USA is the main driving factor on the market.
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