The report, now available on ASDReports, “Aerospace Adhesives & Sealants Market by Resin Type (Epoxy & Others), by End-user Industry (Commercial, Military & General Aviation), by User Type (Original Equipment Manufacturer (OEM) & Maintenance, Repair & Overhaul (MRO)) - Global Forecast to 2019”, report analyzes the global aerospace adhesives market with respect to market drivers, opportunities, challenges, and trends in different regions. The global aerospace adhesives market (2014–2019) is estimated to reach $2,189.80 million by 2019.
The global aerospace adhesives market is significantly penetrating in the aerospace industry. The characteristics of the end products differ as per the requirement of end-user industries and for different user types. The Asia-Pacific region is the fastest growing segment of the global aerospace adhesive market and is mainly attributed to high economic growth rate followed by increasing demand for commercial aircrafts which is eventually driving the aerospace industry. The Asia-Pacific and RoW markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of aerospace adhesives and match the consumer demands coming from various types of end-user industries. Global companies are continuously investing in R&D to create unique aerospace adhesives that can be used in the aerospace industry.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Western Europe. China, U.S., Japan, India, and Germany are expected to persist as successful aerospace adhesive markets. The key players in the aerospace adhesives market are 3M (U.S.), Beacon Adhesives Inc. (U.S.), Cytec Industries Inc. (U.S.), Henkel AG & Company (Germany), Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Master Bond (U.S.), PPG Industries Inc. (U.S.), Royal Adhesives & Sealants (U.S.), and United Resin Corporation (U.S.)., and others.
The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of aerospace industry, followed by enhanced travelling activities which will indirectly boost the demand for the aerospace adhesives.
The aerospace adhesives demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, new product launches, investments & expansions, partnerships, agreements, joint ventures and collaborations, and mergers & acquisitions of the leading global companies.
The global market value of the aerospace adhesive market was estimated to be $1,550.71 million in 2013 and is projected to reach $2,189.80 million by 2019, growing at a CAGR of more than 5% between 2014 and 2019. The high demand for the aerospace adhesives across all the aerospace end-user industries will increase the overall aerospace adhesives consumption.
Source: ASDReports - Market Research
Date: Apr 10, 2015