According to a recent report by Reports and Data, the global aerospace adhesives market is projected to reach USD 1,237.6 million by 2028. The market growth is expected to be driven by the rising demand for commercial and military aircraft, coupled with increasing disposable incomes and population growth.
In the aerospace industry, aircraft must perform at high levels in extreme temperatures and pressures, which requires the use of high-performance aerospace technologies, materials, and tools. Aerospace adhesives are used in the construction and maintenance of various aerospace parts, including panels, pipes, tools, and fixtures.
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The key players in the market are investing heavily in the research and development of adhesive technologies to innovate their adhesive formulations to meet the stringent specifications of the aerospace industry. Advanced paste, liquid, or film adhesive and sealant systems facilitate improved durability, performance, weight savings, and fuel efficiency for aircraft, rotorcraft, satellite, and UAVs. The adhesives and sealants use a range of resins such as epoxies, polyurethanes, silicones, and polysulfides, among others.
The report also identifies that sealants accounted for a larger market share of ~56% in 2018, while the adhesives segment is expected to witness a higher CAGR of 5.6% during the forecast period. The market for epoxy resins held the largest share of ~35% in 2018, while the silicone resins are expected to witness a higher CAGR of 7.4% during the forecast period.
North America dominated the market with the largest share of ~30% in 2018, driven by the aerospace and defense industry's growth and the rising investments in adhesive technology research and development. Key market players include 3M, Bostik (Arkema), Dowdupont, Henkel, Huntsman Corporation, and Lord Corporation, among others.
The market is segmented based on product type, aircraft type, resin type, technology, end-user, aviation industry, and region. The report provides a detailed analysis of each segment and its sub-segments.
Aerospace Adhesives Sealants Market: Notable Innovation
The aerospace industry is highly demanding, and it requires materials, tools, and technologies to perform at high levels in environments with extreme temperatures and pressures. In this context, the aerospace adhesives and sealants market has seen several innovations that have facilitated improved durability, performance, weight savings, and fuel efficiency for aircraft, rotorcraft, satellite, and UAVs.
One notable innovation in the market is the development of high-performance sealants and adhesives that use advanced nanotechnology to achieve superior strength and durability. These nanocomposites consist of a combination of nanoscale materials, such as carbon nanotubes and graphene, with conventional polymers.
Another significant innovation in the aerospace adhesives and sealants market is the development of smart adhesives and sealants. These adhesives and sealants have the ability to detect and repair damage to aircraft structures automatically. They are made up of microcapsules containing a healing agent that is released when damage occurs, enabling the adhesive or sealant to repair itself.
Moreover, the increasing demand for sustainable and environmentally friendly products has also driven innovation in the market, with the development of bio-based adhesives and sealants. These products are made from renewable resources and offer comparable performance to traditional petroleum-based products.
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