Aerospace Adhesive & Sealants Market worth 1 Billion USD by 2023, registering a CAGR of 5.4%


Posted July 25, 2019 by armaan007

Aerospace Adhesive & Sealants Market expected to be valued at 1 Billion USD by 2023, at a CAGR of 5.4%, during 2018–2023

 
The [154 Pages Report] "Aerospace Adhesives & Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-use Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), Aircraft Type, and Region - Global Forecast to 2023" The global aerospace adhesives & sealants market size is projected to reach USD 1 billion by 2023, at a CAGR of 5.4%. The aerospace adhesives & sealants market size is estimated to be USD 775 million in 2018. The high demand for lightweight and fuel-efficient next-generation aircraft is fueling the consumption of these adhesives and sealants. These products are used in the interior, exterior, and engine compartments of an aircraft.

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The commercial aerospace segment is estimated to be the largest consumer of adhesives and sealants.

The commercial segment accounts for the dominant share of the overall aerospace adhesives & sealants market. The high demand for commercial aircraft is driving the consumption of such adhesives and sealants in this end-use industry. Boeing and Airbus presently have orders for delivery of over 9,000 commercial aircraft. These factors are anticipated driving the growth of the market during the forecast period.

The demand for epoxy-based aerospace adhesives & sealants is the highest in the market.

Epoxy resins are projected to witness the highest demand resulting in the fastest growth of this segment in the global aerospace adhesives & sealants market. It also accounts for the largest share of the market. Epoxy resin is used widely in aerospace applications due to its properties such as high tensile and shear strength and chemical resistance. It also offers protection against corrosion and can sustain high temperature and pressure environment.

North America is expected to continue its leading position in the aerospace adhesives & sealants market.

North America is likely to account for the largest share within the global aerospace adhesives & sealants market by 2023. The presence of a firmly established aerospace industry and the increasing demand for commercial aircraft. The demand for commercial aircraft is growing significantly with the growth of the airline sector in Asia Pacific and other emerging regions. The key aircraft manufacturers, such as Boeing and Bombardier, are headquartered in North America, catering to a large share of the demand for aircraft.

The key players in the Aerospace Adhesives & Sealants Market are 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).

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Read our blog for more details: https://chemabd007.blogspot.com/2019/07/aerospace-adhesive-sealants-market-size.html   

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Issued By Markets And Markets
Country India
Categories Aerospace , Industry
Tags adhesive industry , adhesive market , aerospace adhesive and sealant market , aerospace adhesive industry , aerospace industry , aerospace market , aerospace sealants industry , aerospace sealants market
Last Updated July 25, 2019