Market Size of Aerospace Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aerospace Adhesives Market Analysis
The market for aerospace adhesives is expected to register a CAGR of more than 4.5% during the forecast period.
- In 2020, the demand for aerospace adhesives declined due to the COVID-19 pandemic. However, the upsurge in aerospace production post-pandemic propelled the market growth.
- Major factors driving the market studied are the increasing penetration of composites in aircraft manufacturing and increasing government spending on defense in the United States. Performance in extremely low temperatures and high vacuum environments is expected to hinder the market's growth.
- The use of combined carbon nanotubes and nano additives with epoxy adhesives will act as an opportunity for the aerospace adhesives market. North America dominates the global market, with the largest consumption from countries like the United States and Canada.
Aerospace Adhesives Industry Segmentation
Aerospace adhesives differ from regular adhesives since adhesives used in the aerospace industry are exposed to higher temperatures and higher-pressure gradients over their lifetime. Adhesives for aerospace use are typically applied in the form of paste or film. The properties of adhesives are tailored to the needs of the aerospace industry. It is used throughout the interior, exterior, and engine compartments of aircraft.
The aerospace adhesives market is segmented into technology, resin type, function type, end-use, and geography. By technology, the market is segmented into waterborne, solvent-borne, and reactive. By resin type, the market is segmented into epoxy, polyurethane, silicone, and other resin types. Based on function type, it is segmented into structural and non-structural. By end-use, the market is segmented into original equipment manufacturer and maintenance repair and operations. The report also covers the market size and forecasts for the aerospace adhesives market in 17 countries across major regions.
The market sizing and forecasts for each segment have been done on the basis of value (USD Million).
| Technology | |
| Waterborne | |
| Solvent-borne | |
| Reactive |
| Resin Type | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resin Types |
| Function type | |
| Structural | |
| Non-Structural |
| End-use | |
| Original Equipment Manufacturer (OEM) | |
| Maintenance Repair and Operations (MRO) |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Aerospace Adhesives Market Size Summary
The aerospace adhesives market is poised for steady growth, driven by the increasing use of composites in aircraft manufacturing and heightened government defense spending, particularly in the United States. The market experienced a downturn during the COVID-19 pandemic but has since rebounded due to a surge in aerospace production. North America leads the global market, with significant consumption in the United States and Canada. Epoxy resin remains the most prevalent adhesive in the industry, valued for its strength and low shrinkage, despite some limitations in peel strength and flexibility. Aerospace adhesives are integral to various aircraft components, including fuselage structures, wing flaps, and landing gear doors. The market is also witnessing opportunities through the integration of advanced materials like carbon nanotubes with epoxy adhesives.
The United States dominates the global aerospace sector, supported by strong exports and a robust defense industry, with major companies like Boeing and Lockheed Martin at the forefront. The aerospace industry in Canada, the ninth-largest globally, is highly integrated with the U.S. supply chain, contributing significantly to research and development. The market is characterized by consolidation, with key players such as Henkel AG & Co. KGaA, Cytec Solvay Group, 3M, Hexcel Corporation, and Huntsman International LLC. Strategic collaborations, like those between Hexcel Corporation and Spirit AeroSystems Europe, and Solvay with Wichita State University's National Institute for Aviation Research, are focused on developing sustainable manufacturing technologies and innovative materials, aiming to enhance the future of aircraft production and aviation industry solutions.
Aerospace Adhesives Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Penetration of Composites in Aircraft Manufacturing
-
1.1.2 Increasing Government Spending On Defense in the United States
-
1.1.3 Rising Demand for Aircraft in Asia-Pacific and Middle-East
-
-
1.2 Restraints
-
1.2.1 Poor Performance in Extremely Low Temperature and High Vacuum Environment
-
-
1.3 Industry Value-Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Technology
-
2.1.1 Waterborne
-
2.1.2 Solvent-borne
-
2.1.3 Reactive
-
-
2.2 Resin Type
-
2.2.1 Epoxy
-
2.2.2 Polyurethane
-
2.2.3 Silicone
-
2.2.4 Other Resin Types
-
-
2.3 Function type
-
2.3.1 Structural
-
2.3.2 Non-Structural
-
-
2.4 End-use
-
2.4.1 Original Equipment Manufacturer (OEM)
-
2.4.2 Maintenance Repair and Operations (MRO)
-
-
2.5 Geography
-
2.5.1 Asia-Pacific
-
2.5.1.1 China
-
2.5.1.2 India
-
2.5.1.3 Japan
-
2.5.1.4 South Korea
-
2.5.1.5 Australia and New Zealand
-
2.5.1.6 Rest of Asia-Pacific
-
-
2.5.2 North America
-
2.5.2.1 United States
-
2.5.2.2 Canada
-
2.5.2.3 Mexico
-
-
2.5.3 Europe
-
2.5.3.1 Germany
-
2.5.3.2 United Kingdom
-
2.5.3.3 Italy
-
2.5.3.4 France
-
2.5.3.5 Spain
-
2.5.3.6 Rest of Europe
-
-
2.5.4 South America
-
2.5.4.1 Brazil
-
2.5.4.2 Argentina
-
2.5.4.3 Rest of South America
-
-
2.5.5 Middle-East and Africa
-
2.5.5.1 Saudi Arabia
-
2.5.5.2 South Africa
-
2.5.5.3 Rest of Middle-East and Africa
-
-
-
Aerospace Adhesives Market Size FAQs
What is the current Aerospace Adhesives Market size?
The Aerospace Adhesives Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Aerospace Adhesives Market?
Henkel AG & Co. KGaA, 3M, Hexcel Corporation, Huntsman International LLC and Solvay are the major companies operating in the Aerospace Adhesives Market.
