Aerospace Adhesives & Sealants Market – Analysis and Forecast To 2024, 3M Company, Huntsman Corporation, Cytec Industries Inc., Hexcel Corporation

Aerospace adhesives are used in the exterior, interior, and engine compartments of aircrafts. The engine contains retaining compounds, thread lockers, hydraulic system thread sealants, and others. Exterior panels includes wing spars, bonded, door moldings, and various others. The global aerospace adhesives and sealants market is expected to witness a significant growth in the coming years, due to the versatility in the application of adhesives and sealants in the aerospace industry. The selection of adhesives is based on the substrates used and requirement of the bond. The most common types of adhesives used in the aerospace industry are structural acrylic, epoxies, anaerobic, and cyanoacrylates.

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Challenges
High amount of volatile organic compounds in the high performance adhesives and sealants used in the aerospace industry is identified as a major challenge which is expected to hinder the aerospace adhesives and sealants market growth in the coming years. The increasing environment regulations by the government of various countries across the globe may pose as a restraint in the market growth, as it can affect the demand of these adhesives in order to comply with imposed standards.

Geographic Overview
Asia-Pacific is projected to be one of the largest and fastest growing markets. This is primarily attributed to the increasing urbanization and growing population in the region. Due to the growing population and rising income, the air traffic of the region has increased significantly in the recent years. Hence, to cater the increasing demand, the production of aircrafts has also been increased, resulting in the growth of aerospace adhesives and sealants market.

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Competitive Insight
The key manufacturers are investing more on research and development to provide aerospace adhesives and sealants which contain less volatile organic compounds and also comply with the specifications by OEMs at the same time. PPG Industries Inc., 3M Company, Huntsman Corporation, Cytec Industries Inc., Hexcel Corporation, Henkel AG and Company, Solvay Group, United Resin Corporation, Royal Adhesive and Sealants, and Beacon Adhesives Inc. are some of the major players operating in the aerospace adhesives and sealants market.

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