11 September 2018: Aerospace adhesives and sealants are used throughout an aircraft and in both aircraft manufacturing and maintenance including panels, pipes, etc. From the in-floor lighting to the overboard lockers, sealants and adhesives are used in the exterior, interior, as well as engine compartments of an airplane. Such adhesives and sealants must meet the most advanced technical specifications while being compliant with security and environmental criteria for safety purposes. These adhesives and sealants are used in commercial aviation, general aviation, as well as military aviation as offer a fatigue-resistant, lightweight, and aerodynamic way of assembly. The two major types of these products include water-based and solvent-based adhesives.
Solvent-based Technology to Emerge as the Fastest-growing Segment
Water-based adhesives and sealants are expected to witness substantial demand in coming years on account of the abundant availability of raw materials required in the development of these adhesives. In addition, many consumers are shifting toward the water-based products as they have wide scope of applications in different sectors and are ideal for porous and non-porous substrates. On the other hand, the solvent-based product technology segment was valued at $ 226.1 million in the past and is likely to be fastest-growing segment in future. In terms of volume, the segment is expected to register a healthy growth rate of 11.0 % over the forecast period (from 2017 to 2025). This growth is attributed to escalating product demand from various developed and emerging countries.
Companies in this field manufacture various types of adhesives for different specifications and applicastions. For example, Chemique Adhesives and Sealants Ltd. recently introduced a range of adhesives; designed especially to be used in the airspace interiors. The new Aerotak adhesives feature water-based and solvent-based products to be used in the manufacturing of seat covers and cushions.
Market Overview
According to the findings of a report published by Grand View Research, Inc.; the global aviation adhesives and sealants market is anticipated to reach at USD 1.17 billion by 2025 growing at a CAGR of 6.2 % from 2017 to 2025. Technological advancements in the sector along with the rising demand for aircrafts are likely to be the key growth drivers for the market. Extensive research and development activities and incentive programs initiated by various government bodies are also likely to contribute toward the market development over the coming years. Bostik; Dow Corning; PPG Industries; and Henkel AG are the prominent market players.
In-Depth Research Report On Aviation Adhesives & Sealants Market:
https://www.grandviewresearch.com/industry-analysis/aviation-adhesives-sealants-market
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