[154 Pages Report] The Global Aerospace Adhesives and Sealants Market is projected to reach USD 1,008 million by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing penetration of composites in aircraft and rising aircraft deliveries are increasing the demand for aerospace adhesives and sealants. The emerging middle-class population in developing countries, such as China, India, and Brazil, has also triggered the growth of the aerospace adhesives and sealants market.
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The demand for aerospace adhesives & sealants is driven by the focus of OEMs to manufacture lightweight and fuel-efficient aircraft. Moreover, the growth of the aerospace industry due to the increasing air traffic in the emerging economies is driving the demand for aerospace adhesives & sealants.
In 2017, the commercial aircraft segment accounted for the largest market share, in terms of value, followed by the military and general aviation segments. In APAC, the aerospace adhesives and sealants market is driven by the growing demand for air travel in countries such as China and India. This growth in demand for air travel can be attributed to the increasing disposable income of the middle-class population in these countries.
The APAC aerospace adhesives and sealants market is segmented into China, Japan, India, South Korea, Thailand, Indonesia, and Rest of APAC. Over the past years, there has been an enormous increase in air traffic in APAC due to affordable fares offered by low-cost airlines. This increase in air traffic leads to a rise in demand for newer aircraft and associated services, which, in turn, drive the aerospace adhesives and sealants market in this region.
Key Target Audience:
3M (US) and Huntsman International LLC. (US) are the two Major Players in the Aerospace Adhesives & Sealants Market. These two players have majorly adopted merger & acquisition and investment & expansion as key strategies for growth.
3M is one of the important players in the aerospace adhesives & sealants market due to its global distribution capabilities and strong financial background to strengthen its product portfolio and market position. The company strategically focuses on organic growth to drive efficiencies of the adhesives business. In May 2017, the company invested USD 40 million in the expansion of its operations in Missouri, US. Through this expansion, the company produces industrial adhesives and tapes for the aerospace industry and other heavy industrial customers, globally. It also focuses on technological advancement to provide custom solutions and develop new products.
Huntsman International LLC. holds a strong position for its strong product portfolio and new product launches. It mainly focuses on organic growth strategies. In November 2017, the company inaugurated a campus of downstream formulations facility for its polyurethanes business in Shanghai, China. This development has helped the company to enhance innovation in polyurethane-based adhesives for various application in APAC. In May 2017, the company merged with Clariant (Switzerland) to enable the development of new products as well as to deliver superior returns and drive shareholder value.
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Request for PDF of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218715849
The demand for aerospace adhesives & sealants is driven by the focus of OEMs to manufacture lightweight and fuel-efficient aircraft. Moreover, the growth of the aerospace industry due to the increasing air traffic in the emerging economies is driving the demand for aerospace adhesives & sealants.
In 2017, the commercial aircraft segment accounted for the largest market share, in terms of value, followed by the military and general aviation segments. In APAC, the aerospace adhesives and sealants market is driven by the growing demand for air travel in countries such as China and India. This growth in demand for air travel can be attributed to the increasing disposable income of the middle-class population in these countries.
The APAC aerospace adhesives and sealants market is segmented into China, Japan, India, South Korea, Thailand, Indonesia, and Rest of APAC. Over the past years, there has been an enormous increase in air traffic in APAC due to affordable fares offered by low-cost airlines. This increase in air traffic leads to a rise in demand for newer aircraft and associated services, which, in turn, drive the aerospace adhesives and sealants market in this region.
Key Target Audience:
- Aerospace Adhesive & Sealants Manufacturers
- Raw Material Suppliers
- Traders, Distributors, and Suppliers of Aerospace Adhesive & Sealants
- Regional Manufacturers’ Associations and General Aerospace Adhesive & Sealants Associations
- Government and Regional Agencies
- Research Organizations
- Investment Research Firms
3M (US) and Huntsman International LLC. (US) are the two Major Players in the Aerospace Adhesives & Sealants Market. These two players have majorly adopted merger & acquisition and investment & expansion as key strategies for growth.
3M is one of the important players in the aerospace adhesives & sealants market due to its global distribution capabilities and strong financial background to strengthen its product portfolio and market position. The company strategically focuses on organic growth to drive efficiencies of the adhesives business. In May 2017, the company invested USD 40 million in the expansion of its operations in Missouri, US. Through this expansion, the company produces industrial adhesives and tapes for the aerospace industry and other heavy industrial customers, globally. It also focuses on technological advancement to provide custom solutions and develop new products.
Huntsman International LLC. holds a strong position for its strong product portfolio and new product launches. It mainly focuses on organic growth strategies. In November 2017, the company inaugurated a campus of downstream formulations facility for its polyurethanes business in Shanghai, China. This development has helped the company to enhance innovation in polyurethane-based adhesives for various application in APAC. In May 2017, the company merged with Clariant (Switzerland) to enable the development of new products as well as to deliver superior returns and drive shareholder value.
Early buyers will receive 10% customization on this report.
Don't miss out on business opportunities in Aerospace Adhesive & Sealants Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=218715849
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Definitely a good news for us! We are a 3m aerospace adhesives and sealants distributor in the Philippines and around Asia. 3M Scotch-Weld Tamper Proof Sealant EC-1252
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