Global Aviation Adhesives and Sealants Market by Resin (Epoxy, Silicon, PU), by Technology (Water Based, Solvent Based) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Industry Insights
Global aviation adhesives market was worth USD 685.8 millions in 2016. It is expected to grow at a CAGR exceeding 6.2% during the forecast period. The market will be driven by technological advancements and increasing aircraft demand. The market will be driven by changing customer preferences and trends, as well as growing research-and-development activities.
The growing demand for aviation adhesives is expected to see substantial growth due to new technology, including the use silicon and polyurethanes. This material's heat and pressure-bearing attributes will also help to drive the market. These new technologies are expected to be increasingly popular due to their distinct advantages. This will drive market demand during the forecast period. The industry is likely to see positive changes in the future due to rising demand for air travel across North America, Europe and Asia Pacific.
Market growth is likely to be slowed by uncertainty in investment in the aviation manufacturing sector, particularly for commercial and military aviation applications.
Technology Insights
The market can be divided into two types of technology: solvent-based and water based. The availability of raw materials to manufacture water-based adhesives is a major factor driving segment growth. Water-based solvents are gaining popularity as they are suitable for both porous and non-porous substrates. They are also widely used in many sectors.
In 2016, the segment of solvent-based technology was worth USD 226.1 million. Due to its strong initial bond strength, which is dependent on the product's polymer formulation, this segment will be the fastest-growing in the future.
Resin Insights
The segment dominated the global market in 2016. This was due to its superior mechanical properties, strong anticorrosion attributes and long-lasting resistance to thermal stress. These characteristics have greatly contributed to the increase in use of epoxy resins for the manufacture of aviation adhesives.
The growing adoption of silicon resin in the aviation manufacturing industry is expected to drive 7.0% growth by 2025. Silicon resins are more durable than silicone rubber coatings. This gives silicon adhesives or sealants a longer shelf-life and stronger glaze than other options on the market. In 2016, the segment of polyurethane resins was worth USD 187.6 millions. They are impervious to oils and chemicals, making them almost impossible to use as adhesives or sealants for aircraft. Resins are resistant to abrasion and won't easily break away.
Product Insights
The market can be divided into two product segments: adhesives and sealants. The market was dominated by sealants in 2016, and this trend will likely continue for the forecast period. The segment is expected to generate USD 696.1 millions in revenue by 2025. Due to the increase in aircraft production, adhesives will see a 5.8% CAGR over the forecast period.
Sealants have a greater elongation than adhesives but a lower resistance to corrosion. Sealants must be able to withstand physical stress and have the right elongation. Most sealants contain an inert filler material. They are then formulated using elastomer to attain the desired elongation or flexibility.
End-use Insights
In 2016, general aviation was the fastest growing end-use sector. It is predicted to grow 6.5% over the forecast period. The demand for general and commercial aviation has increased due to rising per capita incomes and consumers' willingness to spend money on it.
In 2016, commercial aviation was the most valuable end-use application, with a value of more than USD 270.5 million. Due to a drop in oil prices, jet fuel prices have decreased which has resulted in lower fuel costs. It has also contributed significantly to the bottom-line of air travel operators. By 2025, the military aviation sector is expected to be worth USD 390.1 millions. Market growth will be slow due to uncertainty in the military spending of countries like France and the U.S.
Regional Insights
Due to technological advances and increased demand from the military aviation sector, the U.S. market accounted in 2016 for 77.8% North American revenue. Industry growth is expected to be boosted by the increasing use of solvent-based products within defense and commercial aircraft manufacturing industries over the forecast period.
In 2016, the demand for adhesives and sealants for aviation was worth USD 253.3 million. This growth can be attributed primarily to the increased demand from Chinese aircraft manufacturers. The largest market for the future is expected to be Asia Pacific. The market growth in Europe is expected to be positive due to changing consumer preferences and government support via incentives and financial aids.
Competitive Insights
3M, Henkel AG, PPG Industries; Illinois Tool Works. Huntsman International. Bostik. Dow Corning. H.B. Fuller, Hexcel Corporation, Royal Adhesives and Sealants are just a few of the key players in this market.
Manufacturers of aviation adhesives and sealants are increasingly focused on creating innovative products that can be used at low prices and incorporate technological advances. These innovations are expected to increase the market share by 2025. To improve product quality, large-scale investments are being made by companies in research and development.
Report Scope
Attribute |
More Details |
Estimation base year |
2016 |
Actual estimates/Historical data |
2014 and 2015. |
Forecast period |
2017 - 2025 |
Representation of the market |
Volume in Kilotons, Revenues in USD Millions, and CAGR between 2017-2025 |
Regional scope |
North America, Europe and Asia Pacific, South & Central America, Middle East & Africa, Asia Pacific, South & Central America. |
Country coverage |
U.S., Canada. Germany, U.K. France, Russia. Italy, China. India, Japan, South Korea, Australia. Iran. Israel. Argentina |
Report coverage |
Volume forecast, revenue forecast. Competitive landscape, growth factors and trends. |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with specific market information that is not included in the current report. |
The Report Covers Certain Segments
This report predicts revenue growth at the global, regional and country level and offers analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research has divided the market for aviation adhesives and sealants on the basis technology, resin, product and end use.
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Technology Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)
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Solvent-based
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Water-based
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Resin Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
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Epoxy
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Silicon
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PU
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Product Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)
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Adhesives
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Sealants
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End-use Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)
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General aviation
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Commercial
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Military
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Regional Outlook (Volume of Kilotons; Revenues, USD Million; 2014-2025)
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North America
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The U.S.
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Canada
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Europe
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Germany
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The U.K.
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France
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Russia
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Italy
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Rest of Europe
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Asia Pacific
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China
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India
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Japan
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South Korea
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Rest of Asia Pacific
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South & Central America
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Brazil
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Argentina
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The Middle East and Africa
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Iran
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Israel
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Up Market Research published a new report titled “Aviation Adhesives and Sealants Market research report which is segmented by Resin (Epoxy, Silicon, PU), by Technology (Water Based, Solvent Based), By Players/Companies 3M; Henkel AG; PPG Industries; Illinois Tool Works; Huntsman International; Bostik; Dow Corning; HB Fuller; Hexcel Corporation; Royal Adhesives; and Sealants among others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Aviation Adhesives and Sealants Market Research Report |
By Resin | Epoxy, Silicon, PU |
By Technology | Water Based, Solvent Based |
By Companies | 3M; Henkel AG; PPG Industries; Illinois Tool Works; Huntsman International; Bostik; Dow Corning; HB Fuller; Hexcel Corporation; Royal Adhesives; and Sealants among others |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 247 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Aviation Adhesives and Sealants Market Report Segments:
The market is segmented by Resin (Epoxy, Silicon, PU), by Technology (Water Based, Solvent Based).
Aviation Adhesives and Sealants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Aviation Adhesives and Sealants Market
Overview of the regional outlook of the Aviation Adhesives and Sealants Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Aviation Adhesives and Sealants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Aviation Adhesives and Sealants Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Epoxy
2. Silicon
3. PU
7. By Technology:1. Water Based
2. Solvent Based
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aviation Adhesives and Sealants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
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Reasons to Purchase the Aviation Adhesives and Sealants Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aviation Adhesives and Sealants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aviation Adhesives and Sealants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aviation Adhesives and Sealants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aviation Adhesives and Sealants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aviation Adhesives and Sealants Market Size & Forecast, 2018-2028
4.5.1 Aviation Adhesives and Sealants Market Size and Y-o-Y Growth
4.5.2 Aviation Adhesives and Sealants Market Absolute $ Opportunity
Chapter 5 Global Aviation Adhesives and Sealants Market Analysis and Forecast by Resin
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Resin
5.1.2 Basis Point Share (BPS) Analysis by Resin
5.1.3 Absolute $ Opportunity Assessment by Resin
5.2 Aviation Adhesives and Sealants Market Size Forecast by Resin
5.2.1 Epoxy
5.2.2 Silicon
5.2.3 PU
5.3 Market Attractiveness Analysis by Resin
Chapter 6 Global Aviation Adhesives and Sealants Market Analysis and Forecast by Technology
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Technology
6.1.2 Basis Point Share (BPS) Analysis by Technology
6.1.3 Absolute $ Opportunity Assessment by Technology
6.2 Aviation Adhesives and Sealants Market Size Forecast by Technology
6.2.1 Water Based
6.2.2 Solvent Based
6.3 Market Attractiveness Analysis by Technology
Chapter 7 Global Aviation Adhesives and Sealants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aviation Adhesives and Sealants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aviation Adhesives and Sealants Analysis and Forecast
9.1 Introduction
9.2 North America Aviation Adhesives and Sealants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aviation Adhesives and Sealants Market Size Forecast by Resin
9.6.1 Epoxy
9.6.2 Silicon
9.6.3 PU
9.7 Basis Point Share (BPS) Analysis by Resin
9.8 Absolute $ Opportunity Assessment by Resin
9.9 Market Attractiveness Analysis by Resin
9.10 North America Aviation Adhesives and Sealants Market Size Forecast by Technology
9.10.1 Water Based
9.10.2 Solvent Based
9.11 Basis Point Share (BPS) Analysis by Technology
9.12 Absolute $ Opportunity Assessment by Technology
9.13 Market Attractiveness Analysis by Technology
Chapter 10 Europe Aviation Adhesives and Sealants Analysis and Forecast
10.1 Introduction
10.2 Europe Aviation Adhesives and Sealants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aviation Adhesives and Sealants Market Size Forecast by Resin
10.6.1 Epoxy
10.6.2 Silicon
10.6.3 PU
10.7 Basis Point Share (BPS) Analysis by Resin
10.8 Absolute $ Opportunity Assessment by Resin
10.9 Market Attractiveness Analysis by Resin
10.10 Europe Aviation Adhesives and Sealants Market Size Forecast by Technology
10.10.1 Water Based
10.10.2 Solvent Based
10.11 Basis Point Share (BPS) Analysis by Technology
10.12 Absolute $ Opportunity Assessment by Technology
10.13 Market Attractiveness Analysis by Technology
Chapter 11 Asia Pacific Aviation Adhesives and Sealants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aviation Adhesives and Sealants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aviation Adhesives and Sealants Market Size Forecast by Resin
11.6.1 Epoxy
11.6.2 Silicon
11.6.3 PU
11.7 Basis Point Share (BPS) Analysis by Resin
11.8 Absolute $ Opportunity Assessment by Resin
11.9 Market Attractiveness Analysis by Resin
11.10 Asia Pacific Aviation Adhesives and Sealants Market Size Forecast by Technology
11.10.1 Water Based
11.10.2 Solvent Based
11.11 Basis Point Share (BPS) Analysis by Technology
11.12 Absolute $ Opportunity Assessment by Technology
11.13 Market Attractiveness Analysis by Technology
Chapter 12 Latin America Aviation Adhesives and Sealants Analysis and Forecast
12.1 Introduction
12.2 Latin America Aviation Adhesives and Sealants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aviation Adhesives and Sealants Market Size Forecast by Resin
12.6.1 Epoxy
12.6.2 Silicon
12.6.3 PU
12.7 Basis Point Share (BPS) Analysis by Resin
12.8 Absolute $ Opportunity Assessment by Resin
12.9 Market Attractiveness Analysis by Resin
12.10 Latin America Aviation Adhesives and Sealants Market Size Forecast by Technology
12.10.1 Water Based
12.10.2 Solvent Based
12.11 Basis Point Share (BPS) Analysis by Technology
12.12 Absolute $ Opportunity Assessment by Technology
12.13 Market Attractiveness Analysis by Technology
Chapter 13 Middle East & Africa (MEA) Aviation Adhesives and Sealants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aviation Adhesives and Sealants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aviation Adhesives and Sealants Market Size Forecast by Resin
13.6.1 Epoxy
13.6.2 Silicon
13.6.3 PU
13.7 Basis Point Share (BPS) Analysis by Resin
13.8 Absolute $ Opportunity Assessment by Resin
13.9 Market Attractiveness Analysis by Resin
13.10 Middle East & Africa (MEA) Aviation Adhesives and Sealants Market Size Forecast by Technology
13.10.1 Water Based
13.10.2 Solvent Based
13.11 Basis Point Share (BPS) Analysis by Technology
13.12 Absolute $ Opportunity Assessment by Technology
13.13 Market Attractiveness Analysis by Technology
Chapter 14 Competition Landscape
14.1 Aviation Adhesives and Sealants Market: Competitive Dashboard
14.2 Global Aviation Adhesives and Sealants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M; Henkel AG; PPG Industries; Illinois Tool Works; Huntsman International; Bostik; Dow Corning; HB Fuller; Hexcel Corporation; Royal Adhesives; and Sealants among others