Aerospace Interior Adhesives Market Size to Expand Significantly by the End of 2028
Stratview Research has recently published a report on the Aerospace Interior Adhesives Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
Aerospace Interior Adhesives Market Insights:
The aerospace interior adhesives market was estimated at USD 1.1 billion in 2021 and is likely to grow at a CAGR of 5.54% during 2022-2028 to reach USD 1.6 billion in 2028.
Aerospace interior adhesives play a major role in aircraft interior manufacturing. They are used in a number of applications such as acoustic insulation, decorative laminates, and others in order to make them safer for passengers and fuel-efficient for aircraft.
Aircraft interior adhesives can be of different resin types and among which some to be named are epoxy resin, cyanoacrylate, polyurethane, acrylic, and others. Seating, inflight entertainment, galley, stowage bins, lavatory, panels, and others are some of the applications where adhesives can be used.
Market Dynamics
The major driving factor for the aerospace interior adhesives market are-
- The incessant increase in air passenger traffic all around the world has led to the increasing production rates of key aircraft programs, such as the A320 family, B737, B787, and A350XWB;
- Market entry of new players, such as COMAC and Irkut.
- Introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x;
- Increasing aircraft fleet size.
As per the report, the market is segmented by:
Based on the resin type, the aerospace interior adhesives market is segmented as epoxy resin, cyanoacrylate, polyurethane, acrylic, and others. Epoxy resin is estimated to register the highest growth during the forecast period, owing to its exceptional mechanical properties.
Based on the aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, very large aircraft, general aviation, and regional jets. Narrow-body aircraft commanded the market; however, wide-body aircraft are estimated to portray the highest growth during the forecast period. Boeing estimated, that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037, in which narrow- and wide-body aircraft would govern the market during the period.
Based on the application type, the market is segmented as seating, inflight entertainment, galley, stowage bin, lavatory, panel, and others. Panel application holds the largest share of the global aerospace adhesives market and is expected to maintain its dominance during the forecast period. Panels are integral parts of an aircraft design and are extensively used in an aircraft to install various components and parts.
In terms of regions, North America dominated the global market as the region is the world’s manufacturing capital of the aircraft industry with the regional presence of several large-to small-sized aircraft manufacturers, tier players, adhesive manufacturers, distributors, and raw material suppliers. Asia-Pacific is estimated to register the highest growth in the coming five years, driven by upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size.
Key Players
The market for Aerospace Interior Adhesives is highly consolidated with the strong presence of key players such as-
- Henkel AG & Co. KGaA
- Arkema S.A.
- The 3M Company
- Huntsman Corporation
- Solvay S.A.
- Avery Dennison Corporation
- Hexcel Corporation
- Delo Industrie Klebstoffe GmbH & Co KGaA
- Master Bond Inc.
- Perma Bond LLC
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Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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