The epoxy segment in the global aerospace adhesives and sealants market is estimated to account for a majority revenue share of 35.5% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 3,889.1 Mn, compared to a moderately higher cumulative revenue total of US$ 5,139.5 Mn for the latter five years of the forecast period (2022–2026)
An adhesive is a substance used to stick or bond objects, parts, materials etc. Aerospace adhesives are interchangeably used for glue, fixative, cement, binder, etc., and are used to assemble dissimilar materials of heavy weights, without screws, bolts, nuts, etc. Aerospace adhesives and sealants helps to improve uniform distribution of stresses and strains across bonded joints in aircrafts.
Aerospace adhesives and sealants are different from regular adhesives and sealants, as they can be exposed to high temperature and high pressure gradients. They also help in strengthening, and integrating parts of aircrafts by leaving null holes, rivets, or fastening elements to weaken the structure.
Increasing use of aerospace adhesives & sealants in various end-user industries such as commercial, general aviation, and military are expected to drive growth of the global aerospace adhesives & sealants market in the near future.
However, high costs associated with research & development for product innovation, and stringent regulations for patent certification are expected to hamper growth of the global aerospace adhesives & sealants market to a certain extent over the forecast period.
Companies profiled in the report are PPG Industries Inc., 3M Company, Royal Adhesives and Sealants, Cytec Industries Inc., Huntsman Corporation, United Resin Corporation, Hexcel Corporation, Beacon Adhesives Inc., Henkel AG and Company, Solvay S.A.