The Global Aerospace Adhesive & Sealants Market is projected to reach USD 954.7 million by 2022.
Inconsistent global defense spending could restrain this market, but increasing penetration of composites in aircraft and increasing number of aircraft are expected to drive the aerospace adhesive & sealants market in the next five years.
Solvent-based and water-based are two major technology segments of the aerospace adhesive & sealants market. Achieving excellence in providing a great experience to passengers is vital to the modern aerospace industry. Using the right aerospace adhesive can fulfill the ‘look-and-feel’ expectation in modern airplane interiors. Hence, solvent-based pressure sensitive adhesives are selected by many major global aircraft manufacturers for use in aircraft interiors as these adhesives provide immediate bonding of decorative laminates to all common aerospace background substrates.
Most of the aircraft manufacturers are based in North America, thus making it the dominant region for aerospace adhesive & sealants market in 2016. However, Asia Pacific is projected to be the fastest-growing market for aerospace adhesive & sealants between 2017 and 2022. The emerging middle-class population and rising disposable income levels are expected to add to the demand in this region as more and more people prefer traveling by air, leading to a rise in demand for newer aircraft and associated services. This will, in turn, drive the market for aerospace adhesive & sealants in the Asia Pacific region.Discover More