Aerospace Adhesives & Sealants Market

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

Report Code : CH 3167
Published ON : Jan, 2019

[154 Pages Report] The global aerospace adhesives and sealants market is projected to reach USD 1,008 million by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing penetration of composites in aircraft and rising aircraft deliveries are increasing the demand for aerospace adhesives and sealants. The emerging middle-class population in developing countries, such as China, India, and Brazil, has also triggered the growth of the aerospace adhesives and sealants market.

Aerospace Adhesives & Sealants Market

The commercial segment is estimated to account for the largest market share during the forecast period.

In 2017, the commercial aircraft segment accounted for the largest market share, in terms of value, followed by the military and general aviation segments. In APAC, the aerospace adhesives and sealants market is driven by the growing demand for air travel in countries such as 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.

Epoxy is estimated to be the fastest-growing resin type segment of the aerospace adhesives and sealants during the forecast period.

By resin type, the epoxy segment dominates the aerospace adhesives and sealants market and is also projected to witness the highest CAGR between 2018 and 2023. Epoxy has a unique combination of adhesion, chemical resistance, and physical properties. It has liquid reactive polymers and provides outstanding protection against severe corrosive environments. These properties are attributed to its high demand in end-use industries such as commercial, military, and general aviation.

Aerospace Adhesives & Sealants Market

The APAC aerospace adhesives and sealants market is projected to register the highest CAGR during the forecast period.

The APAC aerospace adhesives and sealants market is segmented into China, Japan, India, South Korea, Thailand, Indonesia, and Rest of APAC. Over the past years, there has been an enormous increase in air traffic in APAC 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 adhesives and sealants market in this region.

Key Market Players

Major players operating in the aerospace adhesives and sealants market include 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).

3M occupies the top position for its global distribution capabilities and strong financial background to strengthen its product portfolio and market position. The company strategically focuses on organic growth to drive efficiencies of its adhesive business. In May 2017, the company invested USD 40 million in the expansion of its operations in Missouri, US. Through this expansion, the company produces industrial adhesives and tapes for the aerospace industry and other heavy industrial customers, globally. It also focuses on technological advancement to provide custom solutions and develop new products

Recent Developments

  • In September 2018, Cytec-Solvay inaugurated its state-of-the-art manufacturing center for aerospace structural adhesives and surfacing films in Wrexham, UK. This investment broadens the footprint and strengthens its leadership in the growing global aviation industry. 
  • In February 2018, Henkel adhesive technologies business unit started the construction of a new production facility for the aerospace application at the Henkel site in Montorn่s del Vall่s (Montorn่s), Spain. The new line will serve the growing demand for high-impact solutions supporting key trends in the global aerospace industry such as weight reduction and automation.
  • In May 2017, 3M Company invested USD 40 million in the expansion of its operations in Missouri, US. Through this expansion, the company produces industrial adhesives and tapes for the aerospace industry and other heavy industrial customers, globally.
  • In October 2017, PPG Industries launched a webstore for customers in the US to purchase products that are used for aerospace sealants and adhesive applications. These products can be ordered online and delivered within two business days through its support center.

Critical questions the report answers:

  • What are the mid- to long-term impact of these developments on the industry?
  • What are the upcoming advancements in the aerospace adhesives and sealants formulations?
  • What are the upcoming applications of aerospace adhesives and sealants?
  • What are the key trends in various applications of aerospace adhesives and sealants?
  • Who are the major players in the aerospace adhesives and sealants market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 23)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Aerospace Adhesives and Sealants Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 for Companies Reporting Their Revenues in Other Currencies, the Average Annual Currency Conversion Rate Was Used to Convert the Value to USD.Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 27)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 42)
    4.1 Attractive Opportunities in the Aerospace Adhesives and Sealants Market
    4.2 Aerospace Adhesive & Sealants Market, By Resin Type
    4.3 Aerospace Adhesives and Sealants Market, By Resin Type and End-Use Industry
    4.4 Aerospace Adhesives & Sealants Market, By Major Countries

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Lightweight and More Fuel-Efficient Aircraft
                    5.2.1.2 Increasing Air Travel Due to Affordable Carriers in the Emerging Regions
           5.2.2 Restraints
                    5.2.2.1 Reduced Defense Spending in Developed Economies
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Commercial Aircraft
           5.2.4 Challenges
                    5.2.4.1 Increasing Need for High-Quality Adhesives and Sealants Products to Bond Lightweight Material
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Aerospace Adhesives and Sealants Market, By Type (Page No. - 52)
    6.1 Introduction
    6.2 Adhesives
           6.2.1 Adhesives to Dominate the Overall Aerospace Adhesives and Sealants Market
    6.3 Sealants
           6.3.1 Aerospace Sealants has Excellent Physical Properties Along With Adhesion

7 Aerospace Adhesives & Sealants Market, By Resin Type (Page No. - 56)
    7.1 Introduction
    7.2 Epoxy
    7.3 Silicone
    7.4 Polyurethane
    7.5 Others

8 Aerospace Adhesives & Sealants Market, By Technology (Page No. - 65)
    8.1 Introduction
    8.2 Solvent-Based
           8.2.1 Solvent-Based Adhesives & Sealants Play Major Role in the Aerospace Industry and Cater Majority of the Applications
    8.3 Water-Based
           8.3.1 Water-Based Adhesives are Slowing Marking Their Footprint With the Increasing Environmental Regulations and Their Increasing Usability.
    8.4 Others

9 Aerospace Adhesives & Sealants Market, By User Type (Page No. - 71)
    9.1 Introduction
    9.2 Maintenance, Repair & Overhaul
           9.2.1 APAC Experiences High Growth Opportunities Due to Demand for Maintenance Services for the Commercial Aerospace MRO Industry
    9.3 Original Equipment Manufacturer
           9.3.1 Advanced Manufacturing Technologies and Implementation of New Electrical Systems in Aircraft Driving the Demand From OEMs

10 Aerospace Adhesives and Sealants Market, By End-Use Industry (Page No. - 76)
     10.1 Introduction
     10.2 Commercial
             10.2.1 The Global Economic Recovery and Increase in Passenger Air Travel are Augment the Market Growth
     10.3 Military
             10.3.1 US Dominates the Military End-Use Industry Due to the Increased Spending in the Defense Sector
     10.4 General Aviation
             10.4.1 The General Aviation End-Use Industry is Driven By the Emerging Economies Such as China, India and South Korea Due to the Increase in Production of Business Jet

11 Aerospace Adhesives and Sealants Market, By Aircraft Type (Page No. - 84)
     11.1 Introduction
     11.2 Single Aisle
     11.3 Regional Jets
     11.4 Small Wide Body
     11.5 Medium Wide Body
     11.6 Large Wide Body

12 Aerospace Adhesives and Sealants Market, By Region (Page No. - 86)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 The Country has the Largest Manufacture Base for Aerospace Industry and Mainly Rely on International Market to Increase Sales.
             12.2.2 Canada
                        12.2.2.1 Commercial Aviation End-Use Industry Creates High Opportunity for Aerospace Adhesives and Sealants Market.
             12.2.3 Mexico
                        12.2.3.1 The Country has Advantage of Low Cost Manufacturing and Its Strategic Location is Expected to Increase the Export of Aerospace Adhesives and Sealants to Neighboring Countries.
     12.3 Europe
             12.3.1 Russia
                        12.3.1.1 Russia is the Largest Market for Aerospace Adhesives and Sealants and the Market is Driven By the Strategic Development in Aviation Industry.
             12.3.2 Germany
                        12.3.2.1 Germany Acts as an Major Aerospace Hub for Many Countries in Europe
             12.3.3 France
                        12.3.3.1 The Country’s Focus on R&D Helps to Remain Forefront in the Development of Sustainable Aircraft and Aviation Technologies
             12.3.4 UK
                        12.3.4.1 The Country’s Focuses on Maximization of Aerospace Projects By Implementing Partnership With Aerospace OEM
             12.3.5 Italy
                        12.3.5.1 Italy to Register Moderate Growth Due to the High Public Debt and Economic Challenges
             12.3.6 Turkey
                        12.3.6.1 The Country has High Targets to Develop Its Defense and Aerospace Industry and Also Focuses on Innovation to Manufacture Sustainable Aircrafts.
             12.3.7 Rest of Europe
     12.4 APAC
             12.4.1 China
                        12.4.1.1 China Accounted for the Largest Share of the Aerospace Adhesives and Sealants Market in APAC
             12.4.2 Japan
                        12.4.2.1 Japan Experiences A Decline in Growth Due to the Maturity of the Adhesives Market
             12.4.3 India
                        12.4.3.1 Demand for New Aircraft, Dominated By Business Jets, Drives the Aerospace Industry
             12.4.4 South Korea
                        12.4.4.1 The Aerospace Adhesives and Sealants Market is Driven By the Country’s Increasing Spending in Aerospace Military& Defense Sector
             12.4.5 Singapore
                        12.4.5.1 Singapore Experiences Steady Growth Which is Driven By Various Investments in the Aerospace Industry
             12.4.6 Thailand
                        12.4.6.1 Thailand Aviation Industry is Driven By High Ar Traffic and is Expected to Increase Due to High Tourism
             12.4.7 Australia & New Zealand
                        12.4.7.1 The Increase in the Domestic Air Travel has Created the Demand for New Aircraft, Driving the Aerospace Adhesives and Sealants Market
             12.4.8 Rest of APAC
     12.5 South America
             12.5.1 Brazil
                        12.5.1.1 The Country Focuses on Key Strategy to Acquire General Aviation Capabilities Through FDI for MRO Industry
             12.5.2 Argentina
                        12.5.2.1 The Growth of Aerospace Adhesives and Sealants is Expected to Register Moderate CAGR Due to Less Investor Friendly Regulator.
             12.5.3 Chile
                        12.5.3.1 The Country Joins Hand With Neighboring Countries to Enhance the Manufacturing Facilities for Aerospace Industry.
             12.5.4 Rest of South America
     12.6 Middle East & Africa
             12.6.1 Iran
                        12.6.1.1 The Increase in Aircraft Production and Sanctions of International Funds has Increased the Demand for Aerospace Adhesives and Sealants.
             12.6.2 Israel
                        12.6.2.1 The Implementation of Several Programs to Upgrade and Modernize Military Aircraft and Helicopters Have Increased the Demand for Aerospace Adhesives and Sealants
             12.6.3 South Africa
                        12.6.3.1 The Increasing Need to Replace Aging Fleet has Resulted in High Demand for New Aircraft in This Country.
             12.6.4 Rest of Middle East & Africa

13 Competitive Landscape (Page No. - 117)
     13.1 Introduction
     13.2 Competitive Leadership Mapping
             13.2.1 Visionary Leaders
             13.2.2 Innovators
             13.2.3 Dynamic Differentiators
             13.2.4 Emerging Companies
     13.3 Market Ranking
             13.3.1 118
     13.4 Competitive Scenario
             13.4.1 Investment & Expansion
             13.4.2 New Product Launch
             13.4.3 Merger & Acquisition

14 Company Profiles (Page No. - 121)
     14.1 3M
             14.1.1 Business Overview
             14.1.2 Products Offered
             14.1.3 Recent Developments
             14.1.4 SWOT Analysis
             14.1.5 MnM View
     14.2 Huntsman Corporation
             14.2.1 Business Overview
             14.2.2 Products Offered
             14.2.3 Recent Developments
             14.2.4 SWOT Analysis
             14.2.5 MnM View
     14.3 H.B. Fuller
             14.3.1 Business Overview
             14.3.2 Products Offered
             14.3.3 Recent Developments
             14.3.4 H.B. Fuller: SWOT Analysis
             14.3.5 MnM View
     14.4 Henkel
             14.4.1 Business Overview
             14.4.2 Products Offered
             14.4.3 Recent Developments
             14.4.4 SWOT Analysis
             14.4.5 MnM View
     14.5 Illinois Tool Works Inc.
             14.5.1 Business Overview
             14.5.2 Products Offered
             14.5.3 SWOT Analysis
             14.5.4 MnM View
     14.6 PPG
             14.6.1 Business Overview
             14.6.2 Products Offered
             14.6.3 Recent Developments
     14.7 Cytec-Solvay Group
             14.7.1 Business Overview
             14.7.2 Products Offered
             14.7.3 Recent Developments
     14.8 Hexcel Corporation
             14.8.1 Business Overview
             14.8.2 Products Offered
             14.8.3 Recent Developments
     14.9 Bostik (Arkema)
             14.9.1 Business Overview
             14.9.2 Products Offered
             14.9.3 Recent Developments
     14.10 Dowdupont
             14.10.1 Business Overview
             14.10.2 Products Offered
             14.10.3 Recent Developments
     14.11 Other Key Companies
             14.11.1 Permabond
             14.11.2 Lord Corporation
             14.11.3 Master Bond
             14.11.4 Scigrip Adhesives
             14.11.5 General Sealants
             14.11.6 Beacon Adhesives
             14.11.7 Sika
             14.11.8 Parson Adhesives
             14.11.9 Delo Industrial Adhesives
             14.11.10 Hernon Manufacturing
             14.11.11 Dymax Corporation
             14.11.12 The Reynolds Company
             14.11.13 Hylomar Limited
             14.11.14 L&L Products
             14.11.15 Uniseal

15 Appendix (Page No. - 148)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports


List of Tables (91 Tables)

Table 1 Aerospace Adhesives and Sealants Market Snapshot, 2018 vs 2023
Table 2 Aerospace Adhesives and Sealants Market  Size, By Type, 2016–2023 (USD Billion)
Table 3 Market Size, By Type, 2016–2023 (Kiloton)
Table 4 Aerospace Adhesives Market Size, By Region, 2016–2023 (USD Million)
Table 5 Market Size, By Region, 2016–2023 (Kiloton)
Table 6 Aerospace Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 7 Size, By Region, 2016–2023 (Kiloton)
Table 8 Aerospace Adhesives and Sealants Market Size, By Resin Type, 2016–2023 (USD Million)
Table 9 Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 10 Epoxy: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 11 Epoxy: Market Size, By Region, 2016–2023 (Kiloton)
Table 12 Silicone: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 13 Silicone: Market Size, By Region, 2016–2023 (Kiloton)
Table 14 Polyurethane: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 15 Polyurethane: Market Size, By Region, 2016–2023 (Kiloton)
Table 16 Others: Aerospace Sealants and Adhesives Market Size, By Region, 2016–2023 (USD Million)
Table 17 Others: Market Size, By Region, 2016–2023 (Kiloton)
Table 18 Aerospace Sealants and Adhesives Market Size, By Technology, 2016–2023 (USD Million)
Table 19 Market Size, By Technology, 2016–2023 (Kiloton)
Table 20 Solvent-Based: Aerospace Sealants and Adhesives Market Size, By Region, 2016–2023 (USD Million )
Table 21 Solvent-Based: Market Size, By Region, 2016–2023 (Kiloton)
Table 22 Water-Based: Aerospace Sealants and Adhesives Market Size, By Region, 2016–2023 (USD Million )
Table 23 Water-Based: Market Size, By Region, 2016–2023 (Kiloton)
Table 24 Others: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 26 Aerospace Adhesives & Sealants Market Size, By User Type, 2016–2023 (USD Million)
Table 28 MRO: Aerospace Adhesives and Sealants Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 30 OEM: Aerospace Adhesives & Sealants Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 32 Aerospace Adhesives and Sealants Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 34 Commercial: Aerospace Adhesives & Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 36 Commercial: Market By Size, By User Type, 2016–2023 (USD Million)
Table 38 Military: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 40 Military: Market By Size, By User Type, 2016–2023 (USD Million)
Table 42 General Aviation: Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 44 General Aviation: Market By Size, By User Type, 2016–2023 (USD Million)
Table 46 Aerospace Adhesives and Sealants Market Size, By Region, 2016–2023 (USD Million)
Table 48 North America: Aerospace Adhesives and Sealants Market Size, By Country, 2016–2023 (USD Million)
Table 50 North America: Market By Size, By Type, 2016–2023 (USD Million)
Table 52 North America: Market By Size, By Resin Type, 2016–2023 (USD Million)
Table 54 North America: Market By Size, By Technology, 2016–2023 (USD Million)
Table 56 Europe: Aerospace Adhesives and Sealants Market Size, By Country, 2016–2023 (USD Million)
Table 58 Europe: Market By Size, By Type, 2016–2023 (USD Million)
Table 60 Europe: Market By Size, By Resin Type, 2016–2023 (USD Million)
Table 61 Europe: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 62 Europe: Aerospace Sealants and Adhesives Market Size, By Technology, 2016–2023 (USD Million)
Table 63 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 65 APAC: Aerospace Sealants & Adhesives Market Size, By Country, 2016–2023 (Kiloton)
Table 66 APAC: Market Size, By Type, 2016–2023 (USD Million)
Table 67 APAC: Aerospace Sealants and Adhesives Market Size, By Type, 2016–2023 (Kiloton)
Table 68 APAC: Aerospace Sealants & Adhesives Market Size, By Resin Type, 2016–2023 (USD Million)
Table 69 APAC: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 70 APAC: Aerospace Sealants and Adhesives Market Size, By Technology, 2016–2023 (USD Million)
Table 71 APAC: Market Size, By Technology, 2016–2023 (Kiloton)
Table 72 South America: Aerospace Sealants & Adhesives Market Size, By Country, 2016–2023 (USD Million)
Table 73 South America: Market Size, By Country, 2016–2023 (Kiloton)
Table 74 South America: Aerospace Sealants and Adhesives Market Size, By Type, 2016–2023 (USD Million)
Table 75 South America: Market Size, By Type, 2016–2023 (Kiloton)
Table 76 South America: Aerospace Sealants & Adhesives Market Size, By Resin Type, 2016–2023 (USD Million)
Table 77 South America: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 78 South America: Aerospace Sealants and Adhesives Market Size, By Technology, 2016–2023 (USD Million)
Table 79 South America: Market Size, By Technology, 2016–2023 (Kiloton)
Table 80 Middle East & Africa: Aerospace Sealants & Adhesives Market Size, By Country, 2016–2023 (USD Million)
Table 81 Middle East & Africa: Market Size, By Country, 2016–2023 (Kiloton)
Table 82 Middle East & Africa: Aerospace Sealants and Adhesives Market Size, By Type, 2016–2023 (USD Million)
Table 83 Middle East & Africa: Market Size, By Type, 2016–2023 (Kiloton)
Table 84 Middle East & Africa: Aerospace Sealants & Adhesives Market Size, By Resin Type, 2016–2023 (USD Million)
Table 85 Middle East & Africa: Market Size, By Resin Type, 2016–2023 (Kiloton)
Table 86 Middle East & Africa: Aerospace Sealants and Adhesives Market Size, By Technology, 2016–2023 (USD Million)
Table 87 Middle East & Africa: Market Size, By Technology, 2016–2023 (Kiloton)
Table 88 Ranking of Key Players, 2017
Table 89 Investment & Expansion, 2015–2018
Table 90 New Product Launch, 2015–2018
Table 91 Merger & Acquisition, 2015–2018


List of Figures (39 Figures)

Figure 1 Aerospace Adhesives & Sealants Market: Research Design
Figure 2 Aerospace Adhesives and Sealants Market: Data Triangulation
Figure 3 Epoxy is Expected to Be the Fastest-Growing Resin Type
Figure 4 MRO User Type to Witness High Growth in the Aerospace Adhesives & Sealants Market
Figure 5 Solvent-Based Technology to Dominate the Aerospace Adhesives and Sealants Market
Figure 6 Commercial End-Use Industry to Witness High Growth in the Aerospace Adhesives & Sealants Market
Figure 7 North America Accounetd for the Largest Share of the Aerospace Adhesives and Sealants Market in 2017
Figure 8 Emerging Economies to Offer Lucrative Growth Opportunities
Figure 9 Epoxy Resin Type to Be the Largest Segment of the Aerospace Adhesive & Sealants Market
Figure 10 Epoxy Resin and Commercial End-Use Segments Accounted for the Largest Sharein the Market in 2017
Figure 11 North America to Lead the Aerospace Adhesives & Sealants Market in 2017
Figure 12 Factors Governing the Growth of the Aerospace Adhesives and Sealants Market
Figure 13 Porter’s Five Forces Analysis for the Aerospace Adhesives & Sealants Market
Figure 14 Adhesives Segment to Account for the Larger Share of the Market
Figure 15 Epoxy Resin Type to Dominate the Aerospace Adhesives and Sealants Market
Figure 16 Solvent-Based Technology to Lead the Aerospace Adhesives & Sealants Market
Figure 17 MRO Segment to Dominate the Aerospace Adhesives and Sealants Market
Figure 18 Commercial End-Use Industry to Witness High Demand for Aerospace Adhesives and Sealants
Figure 19 Aerospace Adhesive & Sealants Market Share, By Aircraft Type, 2016
Figure 20 China, India, and Brazil are Emerging as New Hotspots for Aerospace Adhesives & Sealants Market
Figure 21 North America: Aerospace Adhesives and Sealants Market Snapshot
Figure 22 Europe: Aerospace Adhesives & Sealants Market Snapshot
Figure 23 APAC: Aerospace Adhesives and Sealants Market Snapshot
Figure 24 Competitive Leadership Mapping, 2017
Figure 25 3M: Company Snapshot
Figure 26 3M: SWOT Analysis
Figure 27 Huntsman Corporation: Company Snapshot
Figure 28 Huntsman Corporation: SWOT Analysis
Figure 29 H.B. Fuller: Company Snapshot
Figure 30 H.B.Fuller: SWOT Analysis
Figure 31 Henkel: Company Snapshot
Figure 32 Henkel: SWOT Analysis
Figure 33 Illinois Tool Works Inc.: Company Snapshot
Figure 34 Illinois Tool Works Inc.: SWOT Analysis
Figure 35 PPG: Company Snapshot
Figure 36 Cytec-Solvay Group: Company Snapshot
Figure 37 Hexcel Corporation: Company Snapshot
Figure 38 Bostik (Arkema): Company Snapshot
Figure 39 Dowdupont: Company Snapshot

The study involves four major activities to estimate the current market size for aerospace adhesives & sealants. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred, to identify and collect information for this study. Secondary sources also include annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; food safety organizations; regulatory bodies; trade directories; and databases.

Primary Research

The aerospace adhesives & sealants market comprises several stakeholders such as raw material suppliers, processors, end users, and regulatory organizations. The demand side of this market is characterized by the usage patterns of OEM and MRO across the commercial, military, and general aviation end-use industries. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Aerospace Adhesives & Sealants Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the aerospace adhesives & sealants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation process explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.

Report Objectives

  • To define, segment, and forecast the aerospace adhesives & sealants market, in terms of both value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market size based on type, resin type, technology, user type, end-use industry, and region
  • To define, describe, and forecast the market size with respect to the five major regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa along with their key countries
  • To analyze the micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for the market leaders
  • To track and analyze the competitive developments, such as merger & acquisition, investment & expansion, and new product launch, in the aerospace adhesives & sealants market
  • To provide strategic profiles of the key players in the market and comprehensively analyze their core competencies

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year

2017

Forecast period

2018–2023

Units considered

Value (USD) and Volume (Kiloton)

Segments

Type, Resin Type, Technology, User Type, End-use Industry, and Region

Regions

North America, Europe, APAC, South America, Middle East & Africa

Companies

3M (US), Henkel AG & Co. KGaA (Germany), Huntsman Corporation (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium) are the major players of the aerospace adhesives & sealants market.
Total 25 players covered

On the basis of type, the aerospace adhesives & sealants market has been segmented as:

  • Adhesives
  • Sealants

On the basis of resin type, the aerospace adhesives & sealants market has been segmented as:

  • Epoxy
  • Silicone
  • Polyurethane
  • Others (Hot-melt Adhesives and Pressure-sensitive Adhesives)

On the basis of technology, the aerospace adhesives & sealants market has been segmented as:

  • Solvent-based
  • Water-based
  • Others (Polysulfide, Cyanoacrylate, Structural Acrylics, Methyl Methacrylate, and Polyester)

On the basis of user type, the aerospace adhesives & sealants market has been segmented as:

  • OEM
  • MRO

On the basis of end-use industry, the aerospace adhesives & sealants market has been segmented as:

  • Commercial
  • Military
  • General Aviation

On the basis of region, the aerospace adhesives & sealants market has been segmented as:

  • APAC
  • Europe
  • North America
  • South America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the aerospace adhesives & sealants market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
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