Aerospace Industry Today
Aerospace Structural Adhesives Market to reach US$ 1.07 billion in 2024
This report, from Stratview Research, studies the aerospace structural adhesives market for the forecast period of 2019 to 2024 at the global, regional, and country-level.
Published 22 July 2019
Stratview Research announces the launch of a new research report on Aerospace Structural Adhesives Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Adhesive Type (Film Adhesives, Paste Adhesives, Primers, Mold Release, and Syntactic, Core Fill, and Abradable), by Resin Type (Epoxy, BMI, and Others), by Application Type (Composite & Metal Bonding and Repair, Surface Preparation, Protection, and LSP, Potting and Edge Fill, and Others), by Structure Type (Interiors, Airframe, Engine, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024
Aircraft Structural Adhesives Market: Highlights
The aerospace structural adhesives market is projected to grow at a healthy rate over the next five years to reach US$ 1.07 billion in 2024. Adhesives are gradually becoming the choice of materials in the aerospace industry, propelled by several factors including rising commercial and regional aircraft deliveries, increasing next-generation aircraft programs (B787 and A350XWB), increasing composites content, and a gradual shift from the mechanical fasteners to structural adhesives.
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Composite materials are marking increased penetration in the latest aircraft programs, such as A350XWB and B787. Adhesives are preferably used with composite parts than their counterparts: mechanical fasteners, owing to their excellent performance with composite parts. Adhesives are used when sandwich composite panels are constructed as well as secondary bonding of composite-to-composite or composite-to-metal parts.
The aerospace structural adhesives market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs, such as B737 and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for structural adhesives in the commercial aircraft segment.
Based on resin type, the aerospace structural adhesives market is segmented as epoxy, BMI, and Others. Epoxy is likely to remain the most dominant resin system of the market over the next five years, whereas BMI is likely to witness the highest growth over the next five years. Epoxy adhesives are widely used in the aerospace industry, owing to their excellent adhesion to metals as well as substrates such as thermoset plastics or composites. They provide excellent durability, excellent temperature resistance with low shrinkage, and do not produce volatiles during the curing process.
Based on the structure type, the market is segmented as airframe, interiors, engine, and others. The airframe is projected to remain the largest segment of the aerospace structural adhesives market during the forecast period. The airframe is one segment that registered the highest increase in the penetration of composite materials. Carbon composites are preferably used over aluminum in the newer aircraft programs, such as B787, A350XWB, F35, and A220.
The interiors segment is subjected to grow at the highest rate in the coming five years, driven by a large commercial aircraft fleet size across regions. Most of the major interior systems, such as seats, floor panels, lavatory, and galley, need be replaced within the stipulated life of aircraft. Furthermore, airlines are increasingly changing the interiors of their existing aircraft fleet in order to provide the uniform feel across the fleet. Also, composite materials are playing a greater role in aircraft interiors with adhesives perennial choice of material for adhering the components/systems.
Based on the regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace structural adhesives market. The country is the hub for the aerospace manufacturing industry with the presence of several tier players, aircraft OEMs and MRO companies.
Asia-Pacific is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the assembly of upcoming commercial and regional aircraft, such as C919 and MRJ. Establishment of aircraft assembly facilities by Boeing and Airbus in China to create further demand for aerospace structural composites in the region.
The supply chain of this market comprises raw material suppliers, aerospace structural adhesive manufacturers, tier players, aircraft OEMs, and MRO companies. The key aerospace structural adhesive manufacturing companies are Henkel AG & Company KGaA, Solvay S.A., The 3M Company, Hexcel Corporation, Huntsman Corporation, Toray Advanced Composites, Magnolia Advanced Materials Inc., Lord Corporation, Delo Industrial Adhesives, Sika Advanced Resins, and Scott Bader Inc. The advancements in adhesives, such as improvement in cure time and temperature, fracture toughness; speeding up of production time, execution of mergers & acquisitions, and collaborations with OEMs for the joint development of aerospace structural adhesives are some of the strategies adopted by the major players in order to gain the competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The global aerospace structural adhesives market is segmented into the following categories.
Aerospace Structural Adhesives Market, By Aircraft Type
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.
Aircraft Structural Adhesives Market: Highlights
The aerospace structural adhesives market is projected to grow at a healthy rate over the next five years to reach US$ 1.07 billion in 2024. Adhesives are gradually becoming the choice of materials in the aerospace industry, propelled by several factors including rising commercial and regional aircraft deliveries, increasing next-generation aircraft programs (B787 and A350XWB), increasing composites content, and a gradual shift from the mechanical fasteners to structural adhesives.
Click here to view Table Of Contents
OR
Request a Sample here
Composite materials are marking increased penetration in the latest aircraft programs, such as A350XWB and B787. Adhesives are preferably used with composite parts than their counterparts: mechanical fasteners, owing to their excellent performance with composite parts. Adhesives are used when sandwich composite panels are constructed as well as secondary bonding of composite-to-composite or composite-to-metal parts.
The aerospace structural adhesives market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs, such as B737 and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for structural adhesives in the commercial aircraft segment.
Based on resin type, the aerospace structural adhesives market is segmented as epoxy, BMI, and Others. Epoxy is likely to remain the most dominant resin system of the market over the next five years, whereas BMI is likely to witness the highest growth over the next five years. Epoxy adhesives are widely used in the aerospace industry, owing to their excellent adhesion to metals as well as substrates such as thermoset plastics or composites. They provide excellent durability, excellent temperature resistance with low shrinkage, and do not produce volatiles during the curing process.
Based on the structure type, the market is segmented as airframe, interiors, engine, and others. The airframe is projected to remain the largest segment of the aerospace structural adhesives market during the forecast period. The airframe is one segment that registered the highest increase in the penetration of composite materials. Carbon composites are preferably used over aluminum in the newer aircraft programs, such as B787, A350XWB, F35, and A220.
The interiors segment is subjected to grow at the highest rate in the coming five years, driven by a large commercial aircraft fleet size across regions. Most of the major interior systems, such as seats, floor panels, lavatory, and galley, need be replaced within the stipulated life of aircraft. Furthermore, airlines are increasingly changing the interiors of their existing aircraft fleet in order to provide the uniform feel across the fleet. Also, composite materials are playing a greater role in aircraft interiors with adhesives perennial choice of material for adhering the components/systems.
Based on the regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace structural adhesives market. The country is the hub for the aerospace manufacturing industry with the presence of several tier players, aircraft OEMs and MRO companies.
Asia-Pacific is likely to remain the most eye-catching market in the foreseeable future, mainly driven by the assembly of upcoming commercial and regional aircraft, such as C919 and MRJ. Establishment of aircraft assembly facilities by Boeing and Airbus in China to create further demand for aerospace structural composites in the region.
The supply chain of this market comprises raw material suppliers, aerospace structural adhesive manufacturers, tier players, aircraft OEMs, and MRO companies. The key aerospace structural adhesive manufacturing companies are Henkel AG & Company KGaA, Solvay S.A., The 3M Company, Hexcel Corporation, Huntsman Corporation, Toray Advanced Composites, Magnolia Advanced Materials Inc., Lord Corporation, Delo Industrial Adhesives, Sika Advanced Resins, and Scott Bader Inc. The advancements in adhesives, such as improvement in cure time and temperature, fracture toughness; speeding up of production time, execution of mergers & acquisitions, and collaborations with OEMs for the joint development of aerospace structural adhesives are some of the strategies adopted by the major players in order to gain the competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The global aerospace structural adhesives market is segmented into the following categories.
Aerospace Structural Adhesives Market, By Aircraft Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Film Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paste Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Primers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Syntactic, Core Fill, and Abradable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mold Release (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- BMI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Composite & Metal Bonding and Repair (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Surface Preparation, Protection, and LSP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Potting and Edge Fill (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Regional Analysis: Latin America, the Middle East, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.
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