Sealants are the substances that inhibit the fluids to enter inside from a surface or a joint opening. These sealants are used in the aerospace industry called as aerospace sealants. These sealants are of many types depending upon their chemistry such as Silicones, Fluor silicones, Polyacrylates, Polyurethanes, Polysulfide like cured and non-cured and others and are used in many aircrafts such as Commercial like Narrow-body and Widebody, Regional, Business, Helicopter and Military. The increase in penetration of composites and more aircraft deliveries are increasing the demand for aerospace sealants market.
COVID-19 Impact Analysis
- Due to COVID-19, many companies have suspended internal and domestic air travel.
- The airline industry had a loss of over USD 300 billion during the pandemic times.
- The COVID-19 has negatively influenced the production of new aircraft also slowdown aircraft repair and maintenance.
- Due to the outbreak of COVID-19, the travel bans and flight cancellations affected the airline industry due to which the production of airplanes was halted which affected the downfall of the aerospace sealants market.
Top Impacting Factors
The aircraft need inspection and checks for maintaining their airworthiness. As air travel is increasing it boosts the demand for Maintenance Repair Operations (MRO). The Polyacrylates segments have super sealing properties and also have a strong permeability as compared to the old sealants. The increasing need for a strong sealants will drive the market. The concern for the military aircraft is rising as it is capable and conventional for short take-offs and landing. This will increase the demand for aerospace sealants in the market. As the maintenance activity is increasing, the use of polysulfide sealant will also grow leading to a lucrative growth to the aerospace sealant market. Lower ticket cost that attracts customers to go for such airlines will drive the aerospace sealant market. The regularization of the domestic aviation market has allowed the aerospace sealants market.
Market Trends
- The rising of aircraft and positive response from the aircraft MRO industry is making a constant growth in the aerospace sealants market.
- The aircraft manufacturers are investing in new materials and technologies which can reduce the weight of the aircraft.
- Also, many market players are adopting strategies such as joint ventures and partnerships with the manufactures of the aircraft industry for the offering of a sealant as per their requirements.
- Industry players are continuously working on improving their products to gain airworthiness.
- The Middle East and Africa aerospace market are likely to grow as the tourism industry is increasing in that region.
- The developing countries such as India, China and Brazil have the growth of aerospace sealant market.
Key Benefits of the Report
- This study presents the analytical depiction of the aerospace sealants market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the aerospace sealants market share.
- The current market is quantitatively analyzed to highlight the aerospace sealants market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed aerospace sealants market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the Aerospace Sealants Market Report
- Who are the leading market players active in the aerospace sealants market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Aerospace Sealants Market Report Highlights
| Aspects | Details |
 By Chemistry |
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 By Application |
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 By Aircraft |
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 By Distribution channel |
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 By Region |
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 Key Market Players | Parker Hannifin Corporation, 3M Company, Dow Corporation, Bostik, Grupo Pochteca, Ashland Inc, Henkel, L.V. Lomas, Chase Corporation, Hylok Corporation |
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