The analysts forecast global aerospace adhesive and sealants market to grow at a CAGR of 5.31% during the period 2018-2022. One trend in the market is increase in R&D activities.
The growing innovation and development of lightweight materials for the production of aircraft are expected to foster the demand for aerospace adhesives and sealants.
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For instance, in 2017, PPG Industries completed the qualification of all the three grades of its non-chromate corrosion-inhibiting PR-2870 sealant. These sealants are mainly used in commercial and military aircraft applications, owing to their fast curing property and low cost.
The company is also the first manufacturer to offer the qualified chromate-free corrosion inhibiting sealants for aerospace.
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Major key players in the global aerospace adhesive and sealants market: 3M, Arkema, Henkel, Huntsman International, PPG Industries, and Solvay.
According to the aerospace adhesive and sealants market report, one driver in the market is increase in demand for composite materials. In order to increase the fuel efficiency of aircraft, the aircraft manufacturing companies are adopting more composite components in the assembly to reduce the weight of the aircraft.
The growing penetration of composite components in aircraft is expected to drive the demand for aerospace adhesives and sealants. The weight reduction reduces the operating costs and increases the lifespan of the components in the aviation industry.
The application of bonding technology with the help of adhesives in the manufacturing of aircraft allows extremely lightweight design using fiber-reinforced plastics, light metal alloys, and the so-called ""sandwich"" components. The composite materials are mainly used in flight control surfaces, fairings, interior components, floor beams and boards, and landing gear doors.
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Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Resin Type
9: Market Segmentation by Technology
10: Customer Landscape
11: Market Segmentation by End-User
12: Regional Landscape
13: Decision Framework
14: Drivers and Challenges
15: Market Trends
16: Vendor Landscape
17: Vendor Analysis