The adhesive is known as a substance which is nonmetallic and capable of holding material together when applied on one or both surfaces of separate items which resists separation and creates a strong bond. A sealant is a substance which is used to block the passage of any fluid or solid substance through the opening of any material.
Aviation adhesives and sealants is used to reinforce and seal aircraft part which improve the structural integrity of aircraft. These cover the interior parts, exterior parts, and engine compartments of the aircraft. These adhesives and sealants must meet the quality, standards and safety regulations which are mentioned by the Federal Aviation Administration (FAA).
Top Impacting FactorsIncreasing R&D activities to develop more efficient and durable adhesives and sealants drives the growth of market in forecast period. Aviation industry is focusing on advancing and redefining itself at a significant rate. The growth of aviation and aerospace industry is elevated by researchers who are developing special adhesive and sealant formulation which meets the stringent specification set by different agencies like ASTM, Society of Automotive Engineers, military specification, FAA and other agencies. Meeting the standards set by these agencies is very important as they are necessary for safety purpose.
The use of unnamed air vehicles in multiple fields which includes sports, media, broadcasting, land survey, defense and even transportation drives the growth of market in forecast period. The rise in use of heavy aircraft in defense sector which are used for transportation purpose boosts the demand of aviation adhesives and sealants in the global market.
The ongoing Russia and Ukraine war is leading toward high demand for aircraft, fighter jet, drones, and all other air vehicles which attributes in fueling the demand for aviation adhesives and sealants in the global market.
The aviation adhesives and sealants are produced by using petroleum and petrochemical derivatives. There is frequent fluctuation in cost of these raw material which decrease the profit margin of manufacturer hence becomes a challenge for manufacturer thus limiting the growth of market. Moreover, factors such as development of low-cost air carriers around the global and increasing air traffic in emerging countries drives the market growth in the forecast period.
Segmental OverviewThe aviation adhesives and sealants market is segmented on the basis of product type, resin type, technology, application, and region. By product type, it is divided into adhesives and sealants. By resin type, it is segregated into epoxy, silicon, polyurethane, and others. By technology, it is classified into solvent based and water based. By application, it is categorized into commercial, defense, general aviation, and private.By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By product type: The aviation adhesives and sealants market is divided into adhesives and sealants. Adhesives are the product which binds two materials together and sealants are the product which blocks the pathway for any liquid or solid substance to pass through any opening.
By resin type: The aviation adhesives and sealants market is classified into epoxy, silicone, polyurethane, and others. Epoxy dominates the market share by resin type. This is due to a unique combination of adhesion, physical properties and chemical resistance which increases the demand for epoxy in the aerospace industry. In addition, it also provides magnificent protection against corrosive environment which drives the growth of market.
By technology: The aviation adhesives and sealants market is segregated into solvent-based and water-based. Water-based adhesive is mixture of water, polymer, and additives. Solvent-based adhesives are combination of solvent and thermoplastic polymer or crosslinked polymer such as polyurethane, acrylic, silicon, and others.
By application: The aviation adhesives and sealants market is classified into commercial, defense, general aviation, and private. The global rise in demand for defense aircraft drives the growth of market in forecast period. According to International Civil Aviation Organization the demand for air transport will be increased by 4.3% per annum over the coming 20 years, which fosters the growth of market.
By region: The aviation adhesives and sealants market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America holds the largest share for aviation adhesives and sealants market. The major factor for this is presence of key aviation OEMs in this region which includes SpaceX, Boeing, and Lockheed Martin. Moreover, America and Russia are two leaders in defense sector. North America is on 1st rank to sell the defense aircraft with attached artillery which boosts the growth of aviation adhesives and sealants in the regional market. European market is driven by the rise in demand for adhesives and sealant in manufacturing of satellites, radar, space probe, and other aerospace electronics.
Asia-Pacific region will hold the fastest growth for aviation adhesives and sealant market owing to rise in expense on defense sector by economically developing countries as India, China, Japan, Thailand, and others. In addition, there is rise in air traffic in these regions which elevates the demand for more aircraft, thus amplifies the growth of aviation adhesives and sealants market. The increasing population also attributes to drive the growth of market in the region.
Competitive AnalysisCompetitive analysis and profiles of the key market players in the aviation adhesives and sealants market, such as, 3M, Bostik, Composites One, HB Fuller Co., Henkel AG, Hexcel Co., Huntsman International LLC, Illinois Tool Works, PPG Industries, The Dow Chemical Company, Royal Adhesives, and Sealants, are provided in this report. Major players have adopted technological advancement & product launch, acquisition, business expansion as key developmental strategies to improve the product portfolio of the aviation adhesives and sealants market.
For Instance, on 1st December 2020, Composites One announced that it has formed an important alliance with 3M Aerospace. This agreement will position Composites One to continue to service the aerospace industry with the complete line of 3M OEM specified film adhesives, primers, and surface protection products.
Key Market Segments
- By Product Type
- By Resin Type
- Epoxy
- Silicon
- Polyurethane
- Others
- By Technology
- Solvent-based
- Water-based
- By Application
- Commercial
- Defense
- General Avaition
- Private
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Huntsman International LLC
- HB Fuller Co
- Henkel AG
- Illinois Tool Works
- 3M
- Bostik
- The Dow Chemical Company
- Royal Adhesives and Sealants
- Hexcel Corporation
- PPG Industries