Global Aircraft Adhesive Market 2023-2030

Global Aircraft Adhesive Market 2023-2030

Global Aircraft Adhesive Market Size, Share & Trends Analysis Report by Function (Structural, and Non-structural), by Resin (Epoxy, Polyurethane, Silicone, and Others), by Technology (Waterborne, Solvent borne, and Reactive), and by End User (Original Equipment Manufacturer (OEM), and Maintenance Repair and Operations (MROs)) Forecast Period (2023-2030)

The global aircraft adhesive market is expected to grow at a considerable CAGR of 7.8% during the forecast period. The market's growth is attributed to the growing demand for new applications and the removal of aerospace sealants. Accordingly, the market players are coming up with new products to cater to the demand for aerospace sealant and adhesives. For instance, in April 2023, PPG Industries launched Semco Sealant Removal, Mixing, and Application Kit, a portable tool for the application and removal of aerospace sealants, adhesives, and potting compounds at any distant site using a wheeled tool kit. The kit includes a compact, battery-operated dispensing gun and mixer, a backup battery, and charging supplies, all of which are kept in a watertight, crushproof, and dustproof box. Users don't need to swiftly transport the aircraft to a hangar and simply remove the old sealant and apply new material.

Segmental Outlook

The aircraft adhesive market is segmented based on function, resin, technology, and end-user. Based on function, the market is bifurcated into structural and non-structural segments. Based on the resin, the market is sub-segmented into epoxy, polyurethane, silicone, and others. Based on the technology, the market is augmented into waterborne, solvent-borne, and reactive. Furthermore, based on the end-user, the market is divided into OEM and MROs. Among the end-users, the OEM sub-segment is projected to hold a significant market share which is attributed to the increasing demand for integrated epoxy adhesives, nanomaterials, and nanoparticle elements.

The Epoxy Sub-Segment is Projected to Witness a Substantial Growth Over the Forecast Period

The epoxy sub-segment is projected to witness a substantial growth over the forecast period. Manufacturers are consequently creating innovative products to fulfil the unmet requirements of epoxy resins which is the key factor supporting the market segmental growth. For instance, in April 2022, Hexion Inc. launched the products Eponly Resin 1810 and Epikurely Curing Agent 3801. In addition, epoxy coating on domestic and commercial surfaces enhances performance, cures faster, releases fewer pollutants into the atmosphere, and have a stronger surface. Apart from this, in January 2022, DIC updated the pricing it charged for the sale of epoxy resins and epoxy resin curing agents.

Regional Outlooks

The global aircraft adhesive network market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, North America is anticipated to exhibit prominent growth over the forecast period, prompted by the region's high demand for interior adhesives for both commercial and military airplanes.

Global Aircraft adhesive Market Growth, by Region 2023-2030

Source: OMR Analysis

The Asia-Pacific Region is Anticipated to Account for a Significant Share of the Global Aircraft Adhesive Market

Among all regions, the Asia-Pacific region is anticipated to account for a significant share of the global aircraft adhesive market during the forecast period. There is a considerable rise in the requirement for coatings, adhesives, sealants, and elastomers (CASE) applied in interior, exterior, and structural aircraft, spacecraft, and unmanned aerial vehicle (UAV). This requirement is majorly driven by the rapid development of the aerospace industry in the region, further crediting the market expansion. Increasing international trade, increased aviation investment in developing economies, and increasing passenger air traffic are some other factors driving the market growth.

Market Players Outlook

The major companies serving the global aircraft adhesive market include Beacon Adhesives, Inc., Bostik Inc. (Arkema Inc.), Dupont De Nemours, Inc., Solvay S.A., and among others . These market players are considerably contributing to market growth through various strategies, including product innovation, strategic partnerships, mergers and acquisitions, and expanding their distribution networks to cater to the growing demand for laptops worldwide. For instance, in March 2022, Solvay S.A. partnered with Wichita State University’s National Institute for Aviation Research (NIAR) to work together on research and materials development at NIAR’s facilities based in Wichita, Kansas. The partnership is aimed at developing future solutions to bolster the aviation industry and creating opportunities for companies of all sizes to revolutionize the future of flight.

Further, in July 2022, Hexcel Corp. strategically collaborated with Spirit Aero Systems Europe at its Aerospace Innovation Centre (AIC) to develop more sustainable aerospace manufacturing technologies for future aerospace production.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global aircraft adhesive market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.