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Global Aerospace Sealants Market Analysis and Forecast 2017-2027

Report ID:671Chemicals & Materials255 pages

The global aerospace sealants market is expected to witness moderate growth at a CAGR of 4.5% CAGR during 2020 to 2026

The aerospace sealants market is expected to grow due to the increase in low-cost airlines.

The increasing number of commercial aircraft is anticipated to push the global aerospace market during the forecast period.

The covid outbreak had a negative impact on the aviation industry, and IATA estimated the loss to be around USD 300mn and the aircraft repairs and maintenance were also severely affected.

Drivers and Restraints

Developing nations such as China, and India are expected to drive the growth in the global aerospace sealants market, owing to increasing demand for air travel.

The rising disposable income and swift urbanization are expected to increase the demand for air travel, thus pushing the global aerospace sealants market to grow in the coming years.

The improving global economic conditions and removal of travel restrictions are expected to drive the global aerospace sealants market to grow in the next few years.

The increasing number of aircraft in the military sector is expected to drive the global aerospace sealants market in the following years.

Innovation in adhesive and sealants are expected to drive the global aerospace sealants market during the forecast period.

The price fluctuations of crude oil are expected to hinder the global aerospace sealants market over the next few years.

However, the growing travel and tourism are anticipated to drive the global aerospace sealants market.

Aerospace Sealants Market Share (%) By Region Type

Opportunities and Trends

The increasing number of aircraft is expected to push the global aerospace sealants market towards expansion during the forecast period.

The aircraft manufacturers are investing more and more in innovation and advanced technology for low-weight aircraft, which plays a role in the market opportunities in the aerospace sealants market in the coming years.

The increasing tourism in the Middle East is expected to bolster the growth opportunities in the following years.

The rising maintenance and repairs in the aviation sector is expected to drive the global aerospace sealants market during the forecast years.

The growing investment in research and development in developing new technology and new products is expected to augment the global aerospace sealants market.

Product Segmentation

The global aerospace sealants market is segmented into adhesive resins, sealants resin, and aircraft.

The adhesive resin is further divided into Epoxy, Polyurethane, and others; however, the epoxy resin is expected to hold a major share in the aerospace sealants market.

The epoxy resin products are used in the making of wing skin, sandwich panels, composite, and other composite substrates, etc. It offers high compressive strength, low elongation, and thermal expansion.

Alternatively, polyurethane resins bonds various substrates which helps in aircraft manufacturing and this bonding proves to be useful in the joining of dissimilar substrates, owing to the improved capabilities of taking higher loads.

Other adhesives such as sealing, gasketing, thread locking, tamper-proofing, retaining, etc are expected to gradually grow in the next few years.

On the basis of aircraft, the global aerospace sealants market is segmented into commercial, military, and others. However, commercial aircraft are expected to drive the market over the next few years.

The growth of commercial aircraft can be attributed to increasing travel business and personal, low airfares, reduced air travel time, increased disposable income, rapid urbanization, etc.

According to the research, the passenger air traffics has risen by 2.4 times in the last few years and it is predicted that the same might get doubled in the next 15 years.

Further, the aerospace companies are highly focused on meeting stringent regulations around fuel efficiency and any aircraft that does not meet the fuel efficiency is expected to get replaced with newer aircraft with utmost fuel efficiency.

Regional Overview

In terms of region, the global aerospace sealants market in North America is anticipated to hold a major share in the market as it did in the last few years. The increasing focus on strengthening US military forces and fighter vehicles is paving the way for this region to grow significantly during the forecast period.

The Asia Pacific is expected to grow significantly in the coming years, the growth can be attributable to the growing passenger air traffic, adding new aircraft to the fleet. China is anticipated to drive the growth with remarkable demand for new aircraft in the next two decades and countries like India are expected to grow due to the low airfares, increasing passenger air traffic, and new opportunities for the new players in the market.

Competitive Landscape

The global aerospace sealants market is moderately co9mppetitive in nature and the leading market players are focusing on strategies such as investing in new product development, setting up production facilities, etc.

In 2018, Henkel announced a separate and dedicated production facility in Spain and such strategies are expected to increase the competition among the market players.

Some of the leading players in the global aerospace sealants market are –

  • PPG Industries
  • Huntsman Corporation
  • Henkel AG
  • 3M
  • B. Fuller
  • Cytec-Solvay
  • Bostic
  • Dowdupont
  • Master Bond
  • Lord Corporation
  • Hexcel Corporation

Adhesive Resin Outlook (Revenue, USD Million, 2020 – 2026)

  • Epoxy
  • Polyurethane
  • Others

Sealants Resin Outlook (Revenue, USD Million, 2020 – 2026)

  • Polysulfide
  • Silicone
  • Others

Aircraft Outlook (Revenue, USD Million, 2020 – 2026)

  • Commercial
  • Military
  • Others

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions –

  1. What are the key factors driving the expansion of the global aerospace sealants market?
  2. Which aircraft will witness higher demand in the aerospace sealants market?
  3. What are the trends and opportunities that the new companies can leverage in the aerospace sealants market during the forecast period?
  4. Which region in the aerospace sealants market will have lucrative growth opportunities for market players in the coming years?
  5. What are the competitive strategies leveraged by the key market players?
  6. What are factors that may restrain the global aerospace sealants market during the forecast period?
  7. What are the current trends in the global aerospace sealants market and how are they going to play a positive role in impacting the market during the forecast years?

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Aerospace Sealants Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Adhesive Resin Outlook
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Adhesive Resin Outlook, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Adhesive Resin Outlook, 2022-2032
5.3.1. Epoxy
5.3.2. Polyurethane
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Adhesive Resin Outlook, 2017-2021
5.5. Absolute $ Opportunity Analysis By Adhesive Resin Outlook, 2022-2032

6. Global Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Sealants Resin Outlook
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Sealants Resin Outlook, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Sealants Resin Outlook, 2022-2032
6.3.1. Polysulfide
6.3.2. Silicone
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Sealants Resin Outlook, 2017-2021
6.5. Absolute $ Opportunity Analysis By Sealants Resin Outlook, 2022-2032

7. Global Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Aircraft Outlook
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Aircraft Outlook, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Aircraft Outlook, 2022-2032
7.3.1. Commercial
7.3.2. Military
7.3.3. Others
7.4. Y-o-Y Growth Trend Analysis By Aircraft Outlook, 2017-2021
7.5. Absolute $ Opportunity Analysis By Aircraft Outlook, 2022-2032

8. Global Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region

9. North America Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Adhesive Resin Outlook
9.2.3. By Sealants Resin Outlook
9.2.4. By Aircraft Outlook
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Adhesive Resin Outlook
9.3.3. By Sealants Resin Outlook
9.3.4. By Aircraft Outlook
9.4. Key Takeaways

10. Latin America Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Adhesive Resin Outlook
10.2.3. By Sealants Resin Outlook
10.2.4. By Aircraft Outlook
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Adhesive Resin Outlook
10.3.3. By Sealants Resin Outlook
10.3.4. By Aircraft Outlook
10.4. Key Takeaways

11. Europe Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Adhesive Resin Outlook
11.2.3. By Sealants Resin Outlook
11.2.4. By Aircraft Outlook
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Adhesive Resin Outlook
11.3.3. By Sealants Resin Outlook
11.3.4. By Aircraft Outlook
11.4. Key Takeaways

12. East Asia Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Adhesive Resin Outlook
12.2.3. By Sealants Resin Outlook
12.2.4. By Aircraft Outlook
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Adhesive Resin Outlook
12.3.3. By Sealants Resin Outlook
12.3.4. By Aircraft Outlook
12.4. Key Takeaways

13. South Asia Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Adhesive Resin Outlook
13.2.3. By Sealants Resin Outlook
13.2.4. By Aircraft Outlook
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Adhesive Resin Outlook
13.3.3. By Sealants Resin Outlook
13.3.4. By Aircraft Outlook
13.4. Key Takeaways

14. Oceania Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Adhesive Resin Outlook
14.2.3. By Sealants Resin Outlook
14.2.4. By Aircraft Outlook
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Adhesive Resin Outlook
14.3.3. By Sealants Resin Outlook
14.3.4. By Aircraft Outlook
14.4. Key Takeaways

15. MEA Aerospace Sealants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Adhesive Resin Outlook
15.2.3. By Sealants Resin Outlook
15.2.4. By Aircraft Outlook
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Adhesive Resin Outlook
15.3.3. By Sealants Resin Outlook
15.3.4. By Aircraft Outlook
15.4. Key Takeaways

16. Key Countries Aerospace Sealants Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2021
16.1.2.1. By Adhesive Resin Outlook
16.1.2.2. By Sealants Resin Outlook
16.1.2.3. By Aircraft Outlook
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2021
16.2.2.1. By Adhesive Resin Outlook
16.2.2.2. By Sealants Resin Outlook
16.2.2.3. By Aircraft Outlook
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2021
16.3.2.1. By Adhesive Resin Outlook
16.3.2.2. By Sealants Resin Outlook
16.3.2.3. By Aircraft Outlook
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2021
16.4.2.1. By Adhesive Resin Outlook
16.4.2.2. By Sealants Resin Outlook
16.4.2.3. By Aircraft Outlook
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2021
16.5.2.1. By Adhesive Resin Outlook
16.5.2.2. By Sealants Resin Outlook
16.5.2.3. By Aircraft Outlook

17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1.  By Regional
17.3.2.  By Adhesive Resin Outlook
17.3.3.  By Sealants Resin Outlook
17.3.4.  By Aircraft Outlook

18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. PPG Industries
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Huntsman Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Henkel AG
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. 3M
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. H.B. Fuller
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Cytec-Solvay
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Bostic
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Dowdupont
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Master Bond
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Lord Corporation
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Hexcel Corporation
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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