Global Aerospace Adhesives Market - Segmented by Technology, Resin Type, End-User, Function and Geography – Growth, Trends and Forecasts (2017 - 2022)
The aerospace adhesives market, expected to value at USD XX million in 2017, is likely to reach USD XX million by 2022, registering a CAGR of XX%, during 2017-2022 (the forecast period).
Aerospace adhesives are applied to the materials’ surfaces to adhere and seal them together. They are generally available in the liquid form that is viscous in nature, with no or little flow characteristics. Adhesives are characterized based on their bonding and holding power and have high tensile and shear strength. Adhesives are of two varieties, namely, structural adhesives (high strength; vital for the success of the assembly) and non-structural adhesives (low strength; used to bond weak substrates and for temporary fastening).
The market is driven by factors, such as the increasing demand for aircraft, in emerging economies, and government investments on defense in few countries. However, the market faces quite a number of obstacles, which act as roadblocks to the market growth.
The global aerospace adhesives market, based on technology, can be broadly segmented into adhesives and sealants. Adhesives are further sub-segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives and others. Moreover, based on the function, the market is segmented into structural and non-structural and by resin type into epoxy, polyurethane, silicone and others. The end-user segment comprises of segments such as automotive OEM and MRO, which is shown below: The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America and the Middle East & Africa. In terms of consumption in 2016, North America held a significant share, followed by Europe and Asia-Pacific.
Opportunities and Major Players
The newer adhesives application, than old bonding materials, along with other reasons are expected to offer numerous opportunities for the global aerospace adhesives market growth.
The major companies dominating the market, with their products, services and continuous product development, include:
Dow Chemicals Company
Henkel AG & Co., KGaA
Key Deliverables in the Study
Market analysis for the global aerospace adhesives market, with region specific assessments and competition analysis on the global and regional scales
Market definition, along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale
Extensively researched competitive landscape section, with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global aerospace adhesives market on, both, global and regional scales
A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them, to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is growing and to identify the regions that are still untapped