Aerospace Adhesives Market Soars to $1.5 Billion by 2032 | Exclusive Report by Allied Market Research
By technology, the reactive segment is anticipated to exhibit significant growth in the near future.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, April 26, 2024 /EINPresswire.com/ -- ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ by Technology (Solvent borne, Waterborne, and Reactive), Resin Type (Epoxy, Silicone, Polyurethane, and Others), Function (Structural and Non-structural), and End User (Original Equipment Manufacturer & Maintenance, Repair, and Operations): Global Opportunity Analysis and Industry Forecast, 2023โ2032.โ
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/6109
The global aerospace adhesives market size was valued at $0.9 billion in 2022, and is projected to reach $1.5 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.
The aerospace industry is being transformed with the aid of the adoption of superior production techniques such as additive manufacturing (3-D printing) and automated assembly tactics. In response to this shift, aerospace adhesives can adapt by means of formulating adhesives which might be ideal for bonding additives manufactured with additive strategies.
Although the move of aerospace sector toward electrification as well as development of electric propulsion systems and hybrid-electric aircraft pose challenges related to materials compatibility and weight considerations, aerospace adhesives serve as efficient bonding solutions and are lightweight, thus aligning with the growing trend of electrification. Furthermore, as the aerospace industry embraces sustainability goals, adhesives play an important role in improving the weight, efficiency and configuration of airframe components, contributing to the broader goals of environmentally friendly air travel.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐ฎ๐๐จ๐ง๐ญ, ๐๐๐ฑ๐๐๐ฅ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐๐ง๐., ๐๐๐ซ๐ฆ๐๐๐จ๐ง๐, ๐๐จ๐ฌ๐ญ๐ข๐ค (๐๐ซ๐ค๐๐ฆ๐), ๐๐, ๐๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ฅ๐ข๐ง๐จ๐ข๐ฌ ๐๐จ๐จ๐ฅ ๐๐จ๐ซ๐ค๐ฌ ๐๐ง๐., ๐๐๐ข๐ ๐ซ๐ข๐ฉ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ, ๐๐๐ง๐ค๐๐ฅ, ๐๐ฎ๐ง๐ญ๐ฌ๐ฆ๐๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ฅ๐ฏ๐๐ฒ, ๐๐๐๐๐จ๐ง ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ, ๐.๐. ๐ ๐ฎ๐ฅ๐ฅ๐๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ, ๐๐๐ฌ๐ญ๐๐ซ ๐๐จ๐ง๐ ๐๐ง๐., ๐๐๐ง๐๐ซ๐๐ฅ ๐๐๐๐ฅ๐๐ง๐ญ๐ฌ
The growth of the global aerospace adhesives market is driven by factors such as increase in number of aircraft and air passengers, surge in penetration of composites in aircraft manufacturing, and rise in demand for lightweight and fuel-efficient aircraft. However, increase in need for high-quality adhesives to bond lightweight material and delay in aircraft deliveries hamper the growth of the market. On the contrary, surge in demand for commercial aircraft and advancements in aircraft are expected to offer remunerative opportunities for the expansion of the aerospace adhesives market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/aerospace-adhesives-market/purchase-options
By resin type, the epoxy segment held the highest market share in 2022, accounting for more than one-third of the global aerospace adhesives market revenue, and is estimated to maintain its leadership status throughout the forecast period as companies in the aerospace industry are actively engaged in developing and introducing innovative epoxy-based adhesive technologies and solutions to enhance efficiency. Moreover, the epoxy segment is projected to register the highest CAGR of 6.1% from 2023 to 2032, owing to the wide use of epoxy adhesives for bonding a variety of materials, including metals, composites, and thermoplastics.
As per end user, the original equipment manufacturer segment accounted for the largest share in 2022, accounting for more than two-thirds of the global aerospace adhesives market revenue, and is estimated to maintain its leadership status throughout the forecast period as OEMs continue to manufacture and assemble new airplanes to meet the growing demand for air travel. However, the maintenance, repair and operations segment are projected to garner the highest CAGR of 5.8% from 2023 to 2032, owing to ongoing requirement for MRO activities to uphold the airworthiness of aging fleets.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Region wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting more than one-fourth of the aerospace adhesives market revenue, and is likely to dominate the market during the forecast period, as there is increase in demand for new commercial and cargo aircraft in various countries of the region. Moreover, Asia-Pacific is expected to witness the fastest CAGR of 6.0% from 2023 to 2032, owing to rise in the demand for aviation and maintenance services is likely to indirectly contribute to an increased requirement for adhesives utilized in these service activities.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/6109
The report provides a detailed analysis of these key players of the global aerospace adhesives market. These players have adopted various strategies such contract, partnership, agreement, expansion, acquisition, and product launch, others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By technology, the reactive segment is anticipated to exhibit significant growth in the near future.
By resin type, the epoxy segment is anticipated to exhibit significant growth in the near future.
By function, the non-structural segment is anticipated to exhibit significant growth in the near future.
By end-user, the maintenance, repair, and operations segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
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David Correa
Allied Market Research
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