Aerospace Adhesives & Sealants Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 1.18 Billion |
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Market Size (2028) | USD 1.44 Billion |
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Largest Share by Resin | Epoxy |
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CAGR (2024 - 2028) | 5.14 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Aerospace Adhesives & Sealants Market Analysis
The Aerospace Adhesives & Sealants Market size is estimated at 1.18 billion USD in 2024, and is expected to reach 1.44 billion USD by 2028, growing at a CAGR of 5.14% during the forecast period (2024-2028).
1.18 Billion
Market Size in 2024 (USD)
1.44 Billion
Market Size in 2028 (USD)
5.56 %
CAGR (2017-2023)
5.14 %
CAGR (2024-2028)
Largest Market by Technology
35.20 %
value share, UV Cured Adhesives, 2023
Globally, UV-cured technology has registered the highest market share due to its wide applications in the aerospace industry for assembling, repairing, and others.
Largest Market by Resin
44.82 %
value share, Epoxy, 2023
Due to the low molecular weight of epoxy resin and the rising importance of lightweight parts and components in aerospace manufacturing, epoxy-based adhesives have gained the largest share of the market.
Largest Market by Region
47.21 %
value share, North America, 2023
North America is the dominant region owing to the dominant presence of civil, general, and military aviation manufacturing facilities, mostly in the United States.
Fastest Growing Market by Region
8 %
Projected CAGR, Asia-Pacific, 2024-2028
Due to the steady growth of aircraft assembly operations along with the rising military aviation spending in countries including India and China, the region is projected to be the fastest-growing region during the forecast period.
Leading Market Player
23.79 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading aerospace adhesives and sealants producer globally, delivering high-performance solutions to meet the changing demand of the aerospace industry.
The rising demand for the replacement of heavier assembly joints to reduce costs and improve efficiency is expected to boost market demand
- Adhesives and sealants play an important role in lightweight aircraft assemblies. Therefore, they are used in many structural applications, such as control systems, nacelle systems, fuselages, and engine parts.
- The aerospace adhesives and sealants have shown a sudden growth of 7.45% in terms of volume in 2021. This has happened due to the economic recovery, regular supply of raw materials, and reopening of production facilities in many countries, including the United States, Canada, Germany, and China, which were impacted by the COVID-19 outbreak in 2020 where lockdowns in countries caused the shutdown of production facilities and reduction in the growth of adhesives and sealants across the world.
- Aerospace adhesives and sealants are based on various resins, and epoxy resin is the most used resin-based adhesive in aerospace applications owing to its excellent structural properties, which fulfill the exact requirement of aircraft manufacturers. Epoxy adhesives are used in both interior and exterior parts of aircraft, such as sandwich panels used in fuselage construction, edge bonding and void filling, honeycomb structures, and many other applications. The tensile strength of these adhesives is up to 12000 psi(82 MPa) which is the highest among all other adhesives.
- The rising demand for the replacement of heavier assembly joints, such as mechanical fasteners, screws, and weld joints, to lower the weight of air vehicles will ultimately help in lowering fuel costs. It is seen that expenditure on fuel costs by airlines has been reduced by almost 40% over the last decade. Thus, it will drive the demand for adhesives and sealants in the coming years.
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Demand for innovative technology development for reducing carbon to boost market demand
- European manufactures and exports both civil and military helicopters, aircraft, jets, and their components. Civil aviation is the largest segment in the European aerospace industry. Europe is home to over 3,000 companies with more than 880,000 employees. France, Germany, Italy, Spain, and the United Kingdom have a large concentration of aerospace companies. That is why Europe ranks second in the consumption of aerospace adhesives and sealants.
- In recent years, the aerospace industry in North America and worldwide has been facing pressure for decarbonization. This can be done through innovative technology development for reducing carbon. This transition will lead to an increase in demand for aerospace adhesives and sealants, which will be used for adapting new technology in the forecast period, which is 2022-2028.
- The year-on-year growth is highest in 2021 because of the post-pandemic boost in leisure tourism, as the lockdown in COVID-19 in 2020 put a long halt on international and domestic travel. For example, the number of international passengers traveling to and from North America increased from 41 million passengers in 2020 to 59 million passengers in 2021. This increase led to increasing in MRO business and aircraft aftermarket, which is the reason for the highest year-on-year growth in 2021.
- The decline in demand for aerospace adhesives and sealants in 2020 is due to the impact of the COVID-19 pandemic, which caused a nationwide lockdown, an overall economic slowdown, and a ban on international and domestic air travel. For example, the number of international passengers flying to and from North America fell drastically from 159 million in 2019 to 41 million in 2020.
Global Aerospace Adhesives & Sealants Market Trends
Rapid growth of civil and military aviation will boost the aircraft production
- The global aerospace industry is largely dominated by North America, Asia-Pacific, and Europe. The United States is both a global and regional leader in the aerospace industry due to its design, development, and production capabilities of technologically sophisticated aircraft, space systems, and military aircraft. In 2021, a total of around 1,956 units of aircraft, including civil, general, and military, were delivered to the country, compared to 1,807 units in 2020. It is forecast that the country may need 2,269 units of aircraft by 2028.
- In the Asia-Pacific region, China is the largest and fastest-growing market for civil aerospace and aviation services. In 2021, the country experienced a decline in aircraft deliveries, registering around 264 units of total aircraft in civil, general, and military, compared to 367 units delivered in 2020. However, it is forecast to recover and reach 969 units in 2028.
- In Europe, Germany has one of the largest aerospace industries, with the presence of original equipment manufacturers (OEMs), Tier I suppliers, and systems integrators. In 2021, the country saw an increase in aircraft deliveries, amounting to around 138 units of total aircraft in civil, general, and military, compared to 98 units in 2020. The market is projected to reach 262 units in 2028. In 2021, the aerospace industry's revenue stood at EUR 31.4 billion. In 2020 and 2021, civil aviation was the highest revenue-generating sector, amounting to around EUR 22 billion in both years, compared to EUR 32 billion in 2019. However, the market is not expected to recover until 2024-2025.
- All the abovementioned factors are expected to impact the global aerospace industry during the forecast period.
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Aerospace Adhesives & Sealants Industry Overview
The Aerospace Adhesives & Sealants Market is moderately consolidated, with the top five companies occupying 58.97%. The major players in this market are 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC and PPG Industries, Inc. (sorted alphabetically).
Aerospace Adhesives & Sealants Market Leaders
3M
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
PPG Industries, Inc.
Other important companies include Arkema Group, AVERY DENNISON CORPORATION, Beacon Adhesives, Inc., Chemique Adhesives & Sealants Ltd, DELO Industrie Klebstoffe GmbH & Co. KGaA, Dow, Illinois Tool Works Inc., Master Bond Inc., Permabond LLC., Solvay.
*Disclaimer: Major Players sorted in alphabetical order.
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Aerospace Adhesives & Sealants Market News
- April 2022: Master Bond innovated a one-component silver-filled epoxy that meets NASA's Low Outgassing Requirements, Master Bond EP4S-80. It is used for bonding, sealing, filling, and encapsulating EMI/RFI shielding and static dissipation applications where electrical conductivity is required.
- March 2022: Bostik signed an agreement with DGE for distribution throughout Europe, Middle East & Africa. The agreement includes Born2BondTM engineering adhesives developed for 'by-the-dot' bonding applications in specific industries, such as automotive, electronics, luxury packaging, medical devices, and MRO.
- January 2022: Master Bond introduced Master Bond EP21AC, a two-part epoxy with a non-halogenated filler for arc resistance and flame retardancy required applications in military-aerospace electronic devices.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Aerospace Adhesives & Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 Resin
- 5.1.1 Acrylic
- 5.1.2 Cyanoacrylate
- 5.1.3 Epoxy
- 5.1.4 Polyurethane
- 5.1.5 Silicone
- 5.1.6 VAE/EVA
- 5.1.7 Other Resins
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5.2 Technology
- 5.2.1 Hot Melt
- 5.2.2 Reactive
- 5.2.3 Sealants
- 5.2.4 Solvent-borne
- 5.2.5 UV Cured Adhesives
- 5.2.6 Water-borne
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 Australia
- 5.3.1.2 China
- 5.3.1.3 India
- 5.3.1.4 Indonesia
- 5.3.1.5 Japan
- 5.3.1.6 Malaysia
- 5.3.1.7 Singapore
- 5.3.1.8 South Korea
- 5.3.1.9 Thailand
- 5.3.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 Italy
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Middle East & Africa
- 5.3.3.1 Saudi Arabia
- 5.3.3.2 South Africa
- 5.3.3.3 Rest of Middle East & Africa
- 5.3.4 North America
- 5.3.4.1 Canada
- 5.3.4.2 Mexico
- 5.3.4.3 United States
- 5.3.4.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 Argentina
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 AVERY DENNISON CORPORATION
- 6.4.4 Beacon Adhesives, Inc.
- 6.4.5 Chemique Adhesives & Sealants Ltd
- 6.4.6 DELO Industrie Klebstoffe GmbH & Co. KGaA
- 6.4.7 Dow
- 6.4.8 H.B. Fuller Company
- 6.4.9 Henkel AG & Co. KGaA
- 6.4.10 Huntsman International LLC
- 6.4.11 Illinois Tool Works Inc.
- 6.4.12 Master Bond Inc.
- 6.4.13 Permabond LLC.
- 6.4.14 PPG Industries, Inc.
- 6.4.15 Solvay
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 3:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 4:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY RESIN, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 5:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY RESIN, USD, GLOBAL, 2017 - 2028
- Figure 6:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 7:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 8:
- VOLUME OF AEROSPACE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 9:
- VALUE OF AEROSPACE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 10:
- VALUE SHARE OF AEROSPACE ACRYLIC ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 11:
- VOLUME OF AEROSPACE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 12:
- VALUE OF AEROSPACE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 13:
- VALUE SHARE OF AEROSPACE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 14:
- VOLUME OF AEROSPACE EPOXY ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE OF AEROSPACE EPOXY ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 16:
- VALUE SHARE OF AEROSPACE EPOXY ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 17:
- VOLUME OF AEROSPACE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE OF AEROSPACE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 19:
- VALUE SHARE OF AEROSPACE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 20:
- VOLUME OF AEROSPACE SILICONE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE OF AEROSPACE SILICONE ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 22:
- VALUE SHARE OF AEROSPACE SILICONE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 23:
- VOLUME OF AEROSPACE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE OF AEROSPACE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 25:
- VALUE SHARE OF AEROSPACE VAE/EVA ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 26:
- VOLUME OF AEROSPACE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 27:
- VALUE OF AEROSPACE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 28:
- VALUE SHARE OF AEROSPACE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 29:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 30:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF AEROSPACE HOT MELT ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 34:
- VALUE OF AEROSPACE HOT MELT ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 35:
- VALUE SHARE OF AEROSPACE HOT MELT ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 36:
- VOLUME OF AEROSPACE REACTIVE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 37:
- VALUE OF AEROSPACE REACTIVE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 38:
- VALUE SHARE OF AEROSPACE REACTIVE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 39:
- VOLUME OF AEROSPACE SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 40:
- VALUE OF AEROSPACE SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 41:
- VALUE SHARE OF AEROSPACE SEALANTS CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 42:
- VOLUME OF AEROSPACE SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 43:
- VALUE OF AEROSPACE SOLVENT-BORNE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 44:
- VALUE SHARE OF AEROSPACE SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 45:
- VOLUME OF AEROSPACE UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 46:
- VALUE OF AEROSPACE UV CURED ADHESIVES ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 47:
- VALUE SHARE OF AEROSPACE UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 48:
- VOLUME OF AEROSPACE WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 49:
- VALUE OF AEROSPACE WATER-BORNE ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 50:
- VALUE SHARE OF AEROSPACE WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 51:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 52:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 53:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 54:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 55:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 56:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 57:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 58:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 59:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 60:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 61:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, AUSTRALIA, 2021 VS 2028
- Figure 62:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 63:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, CHINA, 2017 - 2028
- Figure 64:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, CHINA, 2021 VS 2028
- Figure 65:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 66:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, INDIA, 2017 - 2028
- Figure 67:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, INDIA, 2021 VS 2028
- Figure 68:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 69:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 70:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
- Figure 71:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 72:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 73:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, JAPAN, 2021 VS 2028
- Figure 74:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 75:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 76:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, MALAYSIA, 2021 VS 2028
- Figure 77:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 78:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 79:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, SINGAPORE, 2021 VS 2028
- Figure 80:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 81:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 82:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, SOUTH KOREA, 2021 VS 2028
- Figure 83:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 84:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 85:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, THAILAND, 2021 VS 2028
- Figure 86:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 87:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 88:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 89:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 90:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 91:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 92:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 93:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 94:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 95:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, FRANCE, 2021 VS 2028
- Figure 96:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 97:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 98:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, GERMANY, 2021 VS 2028
- Figure 99:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 100:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, ITALY, 2017 - 2028
- Figure 101:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, ITALY, 2021 VS 2028
- Figure 102:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 103:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 104:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, RUSSIA, 2021 VS 2028
- Figure 105:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 106:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 107:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, SPAIN, 2021 VS 2028
- Figure 108:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 109:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 110:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 111:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 112:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 113:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF EUROPE, 2021 VS 2028
- Figure 114:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 115:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 116:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 117:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 118:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 119:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 120:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 121:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 122:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 123:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 124:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 125:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 126:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 127:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 128:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 129:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 130:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 131:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 132:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, CANADA, 2017 - 2028
- Figure 133:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, CANADA, 2021 VS 2028
- Figure 134:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 135:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 136:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, MEXICO, 2021 VS 2028
- Figure 137:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 138:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 139:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, UNITED STATES, 2021 VS 2028
- Figure 140:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 141:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 142:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 143:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 144:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 145:
- VOLUME SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 146:
- VALUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 147:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 148:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 149:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, ARGENTINA, 2021 VS 2028
- Figure 150:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 151:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 152:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, BRAZIL, 2021 VS 2028
- Figure 153:
- VOLUME OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 154:
- VALUE OF AEROSPACE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 155:
- VALUE SHARE OF AEROSPACE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 156:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 157:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 158:
- REVENUE SHARE OF AEROSPACE ADHESIVES AND SEALANTS BY MAJOR PLAYERS, %, GLOBAL, 2021
Aerospace Adhesives & Sealants Industry Segmentation
Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Adhesives and sealants play an important role in lightweight aircraft assemblies. Therefore, they are used in many structural applications, such as control systems, nacelle systems, fuselages, and engine parts.
- The aerospace adhesives and sealants have shown a sudden growth of 7.45% in terms of volume in 2021. This has happened due to the economic recovery, regular supply of raw materials, and reopening of production facilities in many countries, including the United States, Canada, Germany, and China, which were impacted by the COVID-19 outbreak in 2020 where lockdowns in countries caused the shutdown of production facilities and reduction in the growth of adhesives and sealants across the world.
- Aerospace adhesives and sealants are based on various resins, and epoxy resin is the most used resin-based adhesive in aerospace applications owing to its excellent structural properties, which fulfill the exact requirement of aircraft manufacturers. Epoxy adhesives are used in both interior and exterior parts of aircraft, such as sandwich panels used in fuselage construction, edge bonding and void filling, honeycomb structures, and many other applications. The tensile strength of these adhesives is up to 12000 psi(82 MPa) which is the highest among all other adhesives.
- The rising demand for the replacement of heavier assembly joints, such as mechanical fasteners, screws, and weld joints, to lower the weight of air vehicles will ultimately help in lowering fuel costs. It is seen that expenditure on fuel costs by airlines has been reduced by almost 40% over the last decade. Thus, it will drive the demand for adhesives and sealants in the coming years.
| Resin | Acrylic | |
| Cyanoacrylate | ||
| Epoxy | ||
| Polyurethane | ||
| Silicone | ||
| VAE/EVA | ||
| Other Resins | ||
| Technology | Hot Melt | |
| Reactive | ||
| Sealants | ||
| Solvent-borne | ||
| UV Cured Adhesives | ||
| Water-borne | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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Market Definition
- End-user Industry - In the aerospace industry, both the OEM and after market adhesive and sealants applications are considered under the scope.
- Product - All adhesive and sealant products used in aerospace industry are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, UV Cured Adhesives, and Sealants technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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