Aerospace Industry Today
Aircraft Interior Adhesives Market to Grow at 5.5% CAGR during 2019 – 2024
This report, from Stratview Research, studies the aerospace interior adhesives market over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024.
Published 14 November 2018
Stratview Research announces the launch of a new market research report on Aerospace Interior Adhesives Market by Resin Type (Epoxy Resin, Cyanoacrylate Resin, Acrylic Resin, Polyurethane Resin, and Others), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, and Regional Aircraft), by Application Type (Seats, In-flight Entertainment, Galleys, Stowage Bins, Lavatories, Interior Panels, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024
This report, from Stratview Research, studies the aerospace interior adhesives market over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aerospace Interior Adhesives Market: Highlights
The aerospace interior adhesives market is likely to witness a healthy CAGR of 5.5% during the forecast period. The major driving factors are an increasing penetration of composite materials in aircraft interiors; increasing production rates of key aircraft programs, such as B737, A320 family, B787, and A350XWB to support rising passenger traffic; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and increasing aircraft fleet size. Advancements in the adhesives technology would further substantiate the demand for adhesives in aircraft interiors in the coming years.
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Based on the resin type, the market is segmented as epoxy resin, cyanoacrylate resin, polyurethane resin, acrylic resin, and others. Epoxy resin is expected to witness the highest growth during the forecast period, owing to its exceptional mechanical properties. The resin type is also likely to maintain its dominance in the market over the next five years, driven by an increasing preference for epoxy resins for making composite parts.
Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, general aviation, and regional jet. Narrow-body aircraft dominated the aerospace interior adhesives market; however, wide-body aircraft is expected to witness the highest growth during the forecast period. Boeing anticipated that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037 in which narrow- and wide-body aircraft would remain dominant during the period.
Based on the application type, the market is segmented as seats, in-flight entertainment, galleys, stowage bins, lavatories, interior panels, and others. Interior panels generate the highest demand for adhesives in the aerospace interiors segment. Interior panels include floor panels, ceiling panels, etc., and are an integral part of an aircraft design. Interior panels are generally made of composite materials and require adhesives for bonding. Other interior applications are also likely to generate a healthy demand for adhesives in years to come.
North America dominated the market and is the world’s manufacturing capital of the aircraft industry with the presence of many large to small-sized aircraft manufacturers, tier players, adhesive manufacturers, distributors, and raw material suppliers. Asia-Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft, a shift of assembly plants of Boeing and Airbus in China, and the world’s largest commercial aircraft fleet size.
Some of the major players in the aerospace interior adhesives market are Henkel AG & Co. KGaA, Arkema S.A., The 3M Company, Huntsman Corporation, Solvay S.A., Avery Dennison Corporation, Hexcel Corporation, Delo Industrie Klebstoffe GmbH & Co KGaA, Master Bond Inc., and Perma Bond LLC.
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, 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 aerospace interior adhesives market is segmented into the following categories.
Aerospace Interior Adhesives Market by Resin Type:
- Epoxy Resins
- Cyanoacrylate Resins
- Polyurethane Resins
- Acrylic Resins
- Other Resins
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Very Large Aircraft
- General Aviation
- Regional Aircraft
- Seats
- In-flight Entertainment
- Galleys
- Stowage Bins
- Lavatories
- Interior Panels
- Others
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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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