According to a new report published by Allied Market Research, titled, “Aerospace Adhesives Market,” The aerospace adhesives market was valued at $0.90 billion in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
Aerospace Adhesives Market by Function (Structural, Non-structural), by Resin Type (Epoxy, Polyurethane, Silicone, Other), by Technology (Waterborne, Solvent borne, Reactive), by End User (Original Equipment Manufacturer, Maintenance Repair and Operations): Global Opportunity Analysis and Industry Forecast, 2021-2031.
Download Report Sample : https://www.alliedmarketresearch.com/request-sample/6109
The aerospace adhesive market is expected to witness a significant growth rate owning to increase in defense budgets of nations across the globe and rising concerns of nations to protect themselves from conventional and modern threats. An increase in defense expenditure facilitates the implementation of expensive yet necessary equipment and technologies. Furthermore, advancements of weapons and attacking capabilities worldwide have created the demand for modernization and installation of sophisticated defense technologies by governments to prevent threats and offensive attacks from foreign countries. Hence, the increase in defense expenditure is expected to open new avenues for the growth of the aerospace adhesive market during the forecast period.
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.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/6109
KEY FINDINGS OF THE STUDY
- By function, the structural segment leads the market during the forecast period
- By resin type, the epoxy segment leads the market during the forecast period
- By technology, the reactive segment is expected to grow at lucrative growth rate during the forecast period (2022-2031)
- By end user, the original equipment manufacturer segment leads the market during the forecast period.
- Asia Pacific dominated the aerospace adhesice market in terms of growth, followed by North America, Europe, and LAMEA
The key players operating in the aerospace adhesive market are 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.
Request Customization : https://www.alliedmarketresearch.com/request-for-customization/6109
Similar Reports We Have on Adhesives Industry:
Passenger Car Adhesives Market Research Report 2022-2030
Light Commercial Vehicle Adhesives Market Research Report 2022-2030
Automotive Paint Additives Market Research Report 2022-3030
Automotive Crankcase Additives Market Research Report 2022-2030
Specialty Fuel Additives Market Research Report 2022-2030
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/aerospace-and-defence