The Global Aerospace Interior Adhesive Market Is growing at a CAGR of 5.5% during the forecast period of 2017 to 2024.
Global Aerospace Interior Adhesive Market accounted for USD 850.2 million in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Aerospace interior adhesives are available in resin type such as epoxy resin, cyanoacrylate, polyurethane, acrylic and others. The latest trend in this market is high demand for light weight aircraft to increase the fuel efficiency.
There is growing demand of aerospace interior adhesive in different aircraft’s such as single aisle, small wide body, medium wide body, large wide body, regional jets. These factors are expected to play key roles in the growth of this market over the next seven years.
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Major Market Drivers:
- Growing use of composites in commercial aircraft
- High demand for low cost carrier (LCC)
- Decline in fuel prices
- Increasing demand for light weight construction of aircrafts to increase fuel efficiency
- High safety standards
- Stringent government regulations
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The aerospace interior adhesive market is segmented
- on the basis of resin type into epoxy resin. The Epoxy resin is sub-segmented into cyanoacrylate, polyurethane, acrylic and others.
- On the basis of aircraft type, the market is segmented into single aisle, small wide body, medium wide body, large wide body, and regional jets.
- On the basis of product type, the market is segmented into seating, inflight entertainment, galley, stowage bins, lavatory, panels, others.
- On the basis of geography, the aerospace interior adhesive market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Major Market Competitors:
Henkel AG & Co. KGaA, Arkema S.A., 3M Company, Huntsman Corporation, Solvay S.A., Avery Dennison Corporation, Hexcel Corporation, DeloIndustrieKlebstoffe GmbH & Co KGaA, Master Bond Inc., Perma Bond LLC and many more.
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