An adhesive is a substance used to stick or bond objects, items, parts, materials etc. together. Adhesives also help to strengthen and integrate parts of aircrafts, and to ensure rivets, or fastening elements are loose and to ensure there is no possibility of internal aircraft pressure being compromised. Aerospace adhesives are interchangeably used for glue, fixative, cement, binder, etc., and are used to assemble dissimilar materials of heavy weight, without screws, bolts, nuts, etc. Choice of adhesives is more important than design and composite materials alone. Aerospace adhesives help improve uniform distribution of stress and strain across bonded joints.
Increasing globalization and rising demand for commercial and private aircraft is major factor driving growth of the global aerospace adhesives and sealants market. In addition, increasing demand for aircraft in developing countries coupled with initiatives by government worldwide to build strong air forces etc. is other factor expected to drive growth of the global aerospace adhesives and sealants market.
However, high cost for R&D activities and stringent government regulations are major factors hampering growth of the global aerospace adhesives and sealants market. In addition, harmful effect on health and environmental concerns are some factors expected to restrain growth of the global aerospace adhesives and sealants market.
Development of cost-effective products is expected to present new opportunities to players operating in the global aerospace adhesives and sealants market over the forecast period.
The global aerospace adhesives and sealants market report has been segmented on the basis of resin type, technology, end use application, and region. On the basis of region, the global food packaging technology & equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Europe market accounts for second-highest revenue share contribution to the global aerospace adhesives and sealants market, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is expected to witness highest growth among other markets in the global market owing to high disposable income, coupled with rising preference to travel by air, which in turn leads to rise in demand for newer aircrafts and associated services, as well as expands scope for additional opportunities for players in the market. North America market dominates the global aerospace adhesives and sealants and sealants market as it accounts for largest share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed aerospace industrial vertical.
Key players in the global aerospace adhesives and sealants market include PPG Industries Inc., 3M Company, Royal Adhesives and Sealants, Cytec Industries Inc., Huntsman Corporation, United Resin Corporation, Hexcel Corporation, Beacon Adhesives Inc., Henkel AG and Company, and Solvay S.A.