Aviation Adhesives and Sealants market to Eyewitness Huge Marginal Growth by 2025Posted by Mrudula Anil Karmarkar on December 12th, 2023 San Francisco, 12 December 2023: The ReportAviation Adhesives and Sealants MarketAnalysis, By Technology (Solvent Based, Water Based), By Resin (Epoxy, Silicon, PU), By Product, By Region, And Segment Forecasts, 2018 - 2025 The global aviation adhesives and sealants market size is predicted to be worth USD 1.17 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for aircraft and the increasing penetration of composites are likely to substantially contribute to industry growth over the forecast period. The demand for aviation adhesives and sealants in general, commercial, and military end-use applications is increasing owing to a significant increase in aircraft building activities to cater to the growing demand for air travel coupled with a substantial drop in jet fuel prices. In addition, increasing volatility in diplomatic relations among countries has augmented the global defense expenditure, which, in turn, is likely to boost military aviation end-use application. Increasing research & development activities and numerous government incentive programs are likely to enhance the production of aircraft, which in turn is likely to propel market demand for adhesive and sealant products. Solvent-based adhesives and sealants are expected to witness large-scale adoption in the aviation industry owing to the development of new technologies. A large number of manufacturers are adopting these newly developed technologies to introduce more effective products with low dry times and eco-friendly attributes. The epoxy resins segment is expected to account for 45.6% of the global adhesives and sealants market by 2025. The demand can be attributed to perspiration, moisture, and heat-resistant properties, which provide protection to numerous parts of an aircraft against the temperature outside. Technological advancements in the product to boost the performance of an aircraft are likely to augment its demand over the forecast period. Asia Pacific is the leading market for aviation adhesives and sealants due to the early adoption and augmented airplane building activities in the region. Large-scale manufacturers are mostly concentrated in countries including the U.S. and Canada, which in turn, is likely to drive market growth over the forecast period. Countries including the UK & Germany, India, Japan, and China are the fastest-developing markets for adhesives and sealants. Technological advancements in the sector coupled with increasing demand for aircraft are likely to drive the market by 2025. Changing customer preferences and trends along with growing research and development activities are expected to drive the market over the forecast period. Request sample report of Aviation Adhesives and Sealants Market@https://www.grandviewresearch.com/industry-analysis/aviation-adhesives-sealants-market/request/rs1 Product demand for aviation adhesives and sealants is expected to witness substantial growth owing to evolving technology including the use of polyurethanes and silicon, especially due to the heat and pressure bearing attributes offered by these materials. The growing adoption of these new technologies due to the distinct advantages offered by them is likely to drive the market demand over the forecast period. Rising demand for air travel in regions including North America, Europe, and Asia Pacific is expected to positively influence the industry growth. Further key findings from the report suggest:
However, uncertainty in investments in the airline manufacturing sector, especially for commercial and military aviation applications is likely to restrain market growth. In terms of technology, the market has been segmented into solvent-based and water-based products. Abundant availability of raw materials for manufacturing water-based adhesives and sealants is a key factor that is likely to boost the segment growth. A large number of consumers are moving toward water-based solvents as the products are ideal for porous and non-porous substrates and find wide application in numerous sectors. The solvent-based technology segment was valued at USD 226.1 million in 2016. The segment is projected to emerge as the fastest-growing over the forecast period due to the robust initial bond strength depending on the polymer formulation of the product. Report Scope
Key players in the market include 3M; Henkel AG; PPG Industries; Illinois Tool Works; Huntsman International; Bostik; Dow Corning; H.B. Fuller; Hexcel Corporation; Royal Adhesives; and Sealants among others. The aviation adhesives and sealants manufacturers are increasingly focusing on developing innovative and effective products at affordable prices coupled with growing technological advancements. These developments are likely to help in increasing the market share by 2025. Companies are making large-scale investments in research & development to augment the product quality. Like it? Share it!More by this author
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