Global Aerospace Adhesives Market 2019-2023 released by 360 Research Reports considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Aerospace Adhesives market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Top-Listed Players mentioned in Aerospace Adhesives Market Research Report 2019-2023:
- Arkema Group (Bostik SA)
- Avery Dennison Corporation
- Beacon Adhesives
- Cytec Solvay Group
- DELO Industrie Klebstoffe GmbH & Co. KGaA
- Dymax Corporation
- Henkel AG & Company
- Hernon Manufacturing Inc.
- Hexcel Corporation
- Huntsman International LLC
- Hylomar Group
- L&L Products
- LORD Corporation
- Master Bond Inc.
- Parson Adhesives
- Permabond LLC
- PPG Industries
- Royal Adhesives & Sealants
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Overview of Aerospace Adhesives Market Report:
The global aerospace adhesives market was valued at USD 632.87 million in 2017. The market is expected to register a CAGR of 4.69% during the forecast period, 2018 to 2023. North America accounted for the largest share, accounting for around 40% of the global market in 2017.
Rising Demand for Aircraft in Middle-East and Asia-Pacific
Growth in the total demand for commercial aircraft is expected to increase over the next few years with stable GDP growth, and strong passenger travel demand in the Middle East and Asia-Pacific regions. Increasing air traffic across ASEAN countries is also likely to spur the demand for commercial aircraft, which can be attributed to increasing focus on tourism and travel and low airfares. The air travel demand growth is expected to be around 5.7% in China and India and more than 6.4% in Middle East over the next few years. Liberalization has encouraged traffic growth by removing constraints, such as pricing, route entry, and airline cooperative agreements. Open Skies Agreement is helping to extend liberalization in the commercial airline industry. This increase in air traffic and production expansion by global manufacturers in the region will likely augment the growth of the aerospace adhesives market during the forecast period.
Water-borne The Dominant Technology
Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent rather than a volatile organic solvent, and they can be considered as low VOC adhesives. Water-borne adhesives are increasingly becoming an integral part of various end-user industries, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties. The usage of these water-borne adhesives in the aerospace industry is limited. The manufacturing companies are trying to shift toward water-borne adhesives with low volatile organic contents (VOCs) by using water as the primary solvent or dispersion medium or actual water-based primers where the organic solvent content is zero.
North America to Dominate the Market Growth
North America is the largest market for aerospace adhesives, accounting for almost 40% of the global market. The United States is the largest aerospace industry around the world with robust increase expected in the total commercial fleet of airlines as well as the export of aerospace products. The US aerospace sector is the largest in the world with a gross output value of USD 123.52 billion as per 2016, according to the US Bureau of Economic Analysis (BEA). According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037 from 7,039 in 2016, owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at the rate of 54 aircraft per year due to the existing fleet getting older. The booming manufacturing of commercial and passenger aircraft and the consistently growing export of aircraft parts are expected to boost the demand for aerospace adhesives in the United States in the coming years
Key questions answered in this report
- What will be the Market size in 2024 and what will be the growth rate?
- What are the key factors driving the global Aerospace Adhesives Market?
- Who are the key vendors in this Aerospace Adhesives Market space?
- What are the challenges to Market growth?
- What are the Aerospace Adhesives Market opportunities and threats faced by the vendors in the global Aerospace Adhesives industry?
- What are the strengths and weaknesses of the key vendors?
- What are sales, revenue, and price analysis by types and applications of Aerospace Adhesives Market?
- What are sales, revenue, and price analysis by regions of Aerospace Adhesives industry?
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Reasons to Purchase this Report
Our report offers:
- Market share assessments for the regional and country level segments.
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants.
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic recommendations in key business segments based on market estimations.
Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
Supply chain trends mapping the latest technological advancements.
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Top Most Regions Covered In Aerospace Adhesives Market Research Report 2019-2023:
- United States
- United Kingdom
- South Korea
- South Africa
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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