Aviation Adhesives and Sealants Market Size, Share & Industry Analysis, By Cure Type (One-part, Two-part, Anaerobic, Heat-cure, UV-cure), By Resin (Silicone, Polyurethane, Epoxy, Acrylic), By Application (Aerospace & Defense Electronics, Structural, Interior), By End-Use Industry (Commercial Aviation, Defense Aviation, General Aviation & Others) and Regional Forecast, 2024-2032

The global aviation industry is advancing and redefining itself at a swift rate. To support the growth of the aviation & aerospace industry, the development of specialty adhesive formulations and sealing materials that meet stringent specifications set by the agencies like ASTM, Mil-Spec, and SAE or by individual companies such as Boeing or Lockheed Martin is vital. Aerospace adhesives and sealants are used throughout the aircraft, including the interiors, exterior, and engine & fuel compartments. From overhead lockers, and wing spars to hydraulic systems, every major component of the aircraft utilizes adhesives and sealants for multiple purposes. The selection of materials for aerospace applications is based on the substrate used and bond requirement. Most of the aviation adhesives and sealants used for aerospace applications are the same as those used in the automotive industry, but with improved friction resistance and pressure handling properties.

Unmanned aerial vehicles (UAVs) have found application in multiple fields, including sports, media & broadcasting, transportation, and even in defense. The usage of UAVs for studying land topology for agricultural, geological, and defense-related purposes has grown considerably in recent years. The growing popularity of UAVs from consumers and industries alike has significantly pushed the demand for components necessary for the manufacture and maintenance of such UAVs, including aviation adhesives and sealants.

However, the majority of aviation adhesives and sealants are manufactured using petrochemicals and petroleum derivatives. The cost of these raw materials is subject to frequent fluctuations, which decreases the profit margin for the adhesives and sealants manufacturers, thus limiting the market growth potential.

Market Segmentation:

Based on cure type, the aviation adhesives, and sealants market is segmented into one-part, two-part, anaerobic, heat-cure, UV-cure, and others. Based on resin, the market is divided into silicone, polyurethane, epoxy, acrylic, and others. Based on technology, the market is categorized into the solvent-based, water-based, hot melt, and others. Based on application, the market is segmented into aerospace & defense electronics, structural, interior, and others. On the basis of end-use industries, the market is divided into commercial aviation, defense aviation, and general aviation & others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Key Players Covered:

The global aviation adhesives and sealants market is fairly consolidated, with a few global and regional players operating in it. Some of the key players in the aviation adhesives and sealants market include 3M, Nordson Corporation, Henkel Corporation, Hernon Manufacturing, Inc., Dow, Chemique Adhesives & Sealants Ltd., H.B. Fuller Company, Kohesi Bond, PPG Industries, Inc., Masterbond, and Permabond LLC.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

The aviation adhesives and sealants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific leads the market demand owing to the repair and maintenance work of aircraft carried out on a large scale in the region. Furthermore, the tourism sector in the region is growing at a significant rate, resulting in increased air traffic in the Asia Pacific region. On the other hand, North America shall continue to hold the largest share in the aviation adhesives and sealants market owing to the presence of key aviation OEMs in the region including Boeing, SpaceX, and Lockheed Martin. The demand for aviation adhesives and sealants for the manufacture of satellites and aerospace electronics like radars and space probes shall drive the market in Europe. The market in Latin America is expected to show steady growth with considerable investments by governments in the region to develop the infrastructure for the aviation industry. The market in the Middle East & Africa is expected to mirror the growth of the aviation industry in the region, which is expanding at a considerable rate owing to heavy investments by nations like Israel and GCC countries to improve their space exploration programs.

Segmentation

Aviation Adhesives and Sealants Industry Developments

• In December 2019, PPG Industries, Inc. opened its new research & technology center in Burbank, California. The company invested USD 15.5 million to continue its R&D to provide innovative products to customers in commercial, military, and general aviation.


• In February 2019, Henkel Corporation expanded its production facility for aerospace solutions in Montornès del Vallès, Spain with an investment of over USD 30 million. The new production line will help Henkel serve the growing aviation industry with high-impact solutions such as light weighting and automation.


• In September 2018, Nordson Corporation inaugurated a sealant application development and training center at its Wixom, US facility. The R&D and training center shall provide the company with a base to work in collaboration with the aviation industry partners, raw material suppliers, and customers to develop customized solutions to meet their requirements.