The global Structural Adhesives for Aerospace Market size is expected to reach USD 22.47 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Rapid global Structural Adhesives for Aerospace Market revenue growth can be attributed to rising demand for structural adhesives from various end-use industries including, automotive, building construction, aerospace, and transportation. Rising need to meet stringent regulations and improve fuel efficiency in the automotive industry is driving steady demand for lightweight materials and increasing usage of mixed materials in automotive design and applications. Rising utilization of mixed materials is also resulting in increasing demand for structural adhesives. The use of adhesive-bonded mixed materials is expected to make a double contribution to light weighting in the automotive industry. The utilization of structural adhesives helps in overcoming the potential downsides of combining mixed materials, which includes prevention of galvanic corrosion between dissimilar metals. Structural adhesives also offer aesthetic advantages with cleaner lines and no rivets, protruding nails, or weld marks, which helps in creating better look and more efficient product builds.
Some of the leading players in the global Structural Adhesives for Aerospace Market:
Henkel AG Co. KGaA, Sika AG, 3M, DuPont de Nemours, Inc., Huntsman International LLC., Illinois Tool Works Inc., Arkema, H.B. Fuller Company, Ashland Global Specialty Chemicals Inc., and Cabot Corporation.
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Some Key Highlights From the Report
- In September 2020, Arkema announced the inauguration of a new world-scale industrial adhesives plant in Japan. The new capacities is expected to help Bostik serve its Japanese customers in growing markets of transportation, labelling, electronics, and packaging. The investment in projected to help Bostik in its growth and geographical expansion strategy.
- Epoxy segment is expected to account for largest revenue share in the global Structural Adhesives for Aerospace Market over the forecast period owing to its increasing usage in automotive, industrial, and aerospace applications. The high chemical and thermal resistance coupled with minimum shrinkage and cohesive strength is resulting in its increasing usage.
- Water-based segment is expected to register robust revenue growth over the forecast period. Growing awareness regarding environmental degradation is also contributing to rising demand for water-based structural adhesives as these are eco-friendly, non-hazardous, and contain no VOCs.
- Building construction segment is expected to account for a considerably large revenue share in the global Structural Adhesives for Aerospace Market owing to rising investment by governments in commercial buildings and public infrastructure.
- The Structural Adhesives for Aerospace Market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rapid urbanization and industrialization and increasing constructional activities in developing countries such as China, India, Vietnam, and Indonesia is expected to support revenue growth of the Asia Pacific Structural Adhesives for Aerospace Market during the forecast period.
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Structural Adhesives for Aerospace Market Segmentation:
Resin Type Outlook:
- Polyurethane
- Epoxy
- Cyanoacrylate
- Methyl Methacrylate
- Acrylic
- Others
Application Channel Outlook:
- Automotive
- Building Construction
- Wind Energy
- Aerospace
- Others
Technology Channel Outlook:
- Water-based
- Solvent-based
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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