The aerospace adhesives market generated $0.90 billion in 2021, and is estimated to reach $1.4 billion by 2031, witnessing a CAGR of 4.8% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Leading players of the global aerospace adhesives market analyzed in the research include 3M, Huntsman Corporation, H.B. Fuller, Henkel, Illinois Tool Works Inc., PPG, Cytec Solvay Group, Hexcel Corporation, Bostik (Arkema), Dowdupont, Permabond, Lord Corporation, Master Bond, Scigrip Adhesives, General Sealants, and Beacon Adhesives.
Covid-19 Scenario:
- The Covid-19 pandemic had a significant impact on the defense industry, which in turn, affected the aircraft adhesive market. The pandemic had a huge impact on the country’s financial and non-financial resources toward managing pandemic. This slowed the process of acquisition and deployment.
- The shutdown of trade, scarcity of raw materials, and logistics and manufacturing of required components affected the delivery cycle. However, the war between Russia and Ukraine created new opportunities for the market players.
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Based on function, the structural segment accounted for the highest share in 2021, contributing to around three-fourths of the total share, and is expected to maintain its leadership status during the forecast period. However, the non-structural segment is expected to manifest the highest CAGR of 5.3% from 2022 to 2031.
Based on resin type, the epoxy segment held the largest share in 2021, accounting for more than one-third of the global aerospace adhesives market, and is expected to maintain its dominance in terms of revenue by 2031. In addition, the segment is estimated to witness the largest CAGR of 5.6% during the forecast period.
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Based on end user, the original equipment manufacturer segment held the lion’s share in 2021, contributing to nearly three-fifths of the market. However, the maintenance repair and operations segment is projected to register the highest CAGR of 5.8% from 2022 to 2031.
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