Aviation Adhesives & Sealants Market Overview
Aviation Adhesives & Sealants market is projected to grow at a CAGR of 5.9% during the forecast period 2022-2027 and is estimated to be valued at USD $1.25 billion by 2027. Aviation adhesives and sealants are used in a variety of aerospace applications like manufacturing wing spars, panels, and cockpit doors to interior applications like hydraulic thread systems and thread-lockers. The most common types of adhesives & sealants are anaerobic adhesives, structural acrylics and cyanoacrylates which are commonly used in attaching and sealing metals and glass. Aviation adhesives and sealants are commonly made of epoxy, polyurethane, polysulfide, and silicone resins among others. The report coverage includes various segments and analyse the market landscape, drivers, and challenges for the Aviation Adhesives & Sealants Market.
COVID-19 Impact
The COVID-19 Pandemic caused many nations and governments to implement lockdown procedures due to which the supply chain was heavily disrupted for many industries. The Aviation Adhesives & Sealants Market also saw a decline during this period owing to the above reasons. The primary application of aviation adhesives and sealants are in aircrafts and the Aerospace Industry saw a decrease in demand during the COVID-19 pandemic as well. According to the International Air Transport Association, the demand for passenger air travel fell by 65% from 2019 to 2020 with international travel decreasing by 75.6% since 2019. However, the economy is now recovering as many people are getting vaccinated and lockdown procedures are being lifted globally. Due, to this the Aerospace Industry is projected to recover. According to the International Air Transport Association (IATA), there was a 13.1% growth in capacity tonne kilometre (CTK) for global cargo transport in airlines in 2021. As such, the Aviation Adhesives & Sealants Market is also recovering and is projected to grow within the forecast period.
Report Coverage
The report: “Aviation Adhesives & Sealants Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aviation Adhesives & Sealants Industry.
By Type: Adhesives (Anaerobic Adhesives, Structural Acrylics, Cyanoacrylates, Others), Sealants (Metal Sealants, Glass Sealants, Fuel Tank Sealants, Others).
By Resin Type: Epoxy, Polyurethane (PU), Polysulfide, Silicones, Others.
By Technology: Solvent-based, Water-based, UV-cured, Others
By Application: Commercial (General Aviation, Others), Military
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).
Key Takeaways
- Aviation adhesives & sealants are used in the bonding and sealing of metals and glass to substrates and is used in the manufacture of exterior and interior structures of aircrafts.
- Asia-Pacific holds the largest share in the Aviation Adhesives & Sealants Market by region.
- The Aerospace Industry is expected to grow substantially during the forecast period which is going to drive the demand for the Aviation Adhesives & Sealants Market.
- The COVID-19 Pandemic proved to be a challenge for the growth of the market as the Aerospace Industry saw a decline in demand during this period.
Figure: North America Aviation Adhesives & Sealants Market 2021-2027 (USD $ Billion)
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Aviation Adhesives & Sealants Market Analysis – By Type
Adhesives held the largest share of 55% in the aviation adhesives & sealants market in 2021. Adhesives are used in a number of applications in within the Aerospace Industry. They are used throughout the interior, exterior and engine compartment of the aircraft, on everything from overhead cabins to the in-floor emergency lightings. In the engine, it is used for thread-lockers, retaining compounds and hydraulic thread systems. They are most commonly categorized into Anaerobic Adhesives, Structural Acrylics, Epoxies and Cyanoacrylates. Another type of segmentation are the sealants that are used for a variety of sealing purposes in aircrafts. Sealants are commonly used to seal metals and glass in the frames of windows and doors of the aircraft. Sealants are also used to provide UV protection in windows.
Aviation Adhesives & Sealants Market Analysis – By Resin Type
Epoxy resins held the largest share by 38% in the Aviation Adhesives and Sealants Market in 2021. One of the key components used in the manufacture of aircrafts are carbon fibers and epoxy resins that are excellent in bonding carbon fiber with other substrates. The low density of the lightweight honeycomb edge fillers makes them ideal for maintaining the weight of the aircraft. According to the European Chemical Industry Council (CEFIC), an average of 259,000 tons of Epoxy resins are produced every year in Europe. Another common resin used in Aviation adhesives and sealants is Polyurethane. Polyurethane adhesives and sealants provide excellent stress recovery to retain better shape and provides strong bonding the tight seals. Some other resins used in aviation adhesives and sealants are polysulfide and silicones.
Aviation Adhesives & Sealants Market Analysis – By Technology
The solvent-based technology held the largest share of 40% in the Aviation Adhesives & Sealants Market in 2021. Solvent-based adhesives use a solvent as a carrier for the resin and is designed for more demanding and long-term applications where there is a greater need for speed of application and faster production. Solvent-based adhesives are very durable in nature and are heat and chemical resistant providing strong and rigid bonds. Another type of aviation adhesives & sealants are water-based adhesives which are non-hazardous, environment-friendly and contains very less Volatile Organic Compounds (VOC). They provide a consistent bond and is also non-flammable. There are also UV-cured adhesives which are less common as well as other adhesives that use different technologies.
Aviation Adhesives & Sealants Market Analysis – By Application
Commercial aviation held the largest share of 56% in the Aviation Adhesives and Sealants market in 2021. Commercial aviation includes general air travel used by the population and other forms of aviation like air carriers, air ambulance and so on. According to the India Brand Equity Foundation, India’s air traffic stood at 115.37 million in the Fiscal Year 2021 and the number of airplanes in India will rise to 1,100 by 2027. According to the International Air Transport Association (IATA), there was a 13.1% growth in capacity tonne kilometre (CTK) for global cargo transport in airlines in 2021. Another application of aviation adhesives and sealants are in military aviation where adhesives and sealants are used in the bonding and sealing metals to substrates in fighter jets and so on. These are the primary driving factors for the increase in demand for the Aviation Adhesives and Sealants market.
Aviation Adhesives & Sealants Market Analysis – By Geography
The Asia-Pacific region held the largest share of 40% in the Aviation Adhesives & Sealants market in 2021. Asia-Pacific has seen a significant increase in air traffic in recent years, especially in China and India. According to Boeing Commercial Market Outlook 2021-2040, China is estimated to acquire 8,700 new aircrafts within the next 20 years. China, also, currently accounts for 13% of the worldwide fleet which is estimated to be 19.9% by 2040. Boeing reports that within the next 20 years, a total of 4,415 aircraft deliveries will be sanctioned in South Asia, with India having the highest demand due to their increase in domestic air traffic. Other than Asia-Pacific, North America and Europe has also seen an increase in air traffic with North America growing by an estimate of 9,160 new deliveries to their total fleet by 2040 according to the Boeing Commercial Market Outlook 2021-2040.
Aviation Adhesives & Sealants Market Drivers
The increase demand for aircraft deliveries globally:
The global fleet off aircrafts is expected to grow substantially in the future which is also driving the demand for aircraft adhesives and sealants. According to the Boeing Commercial Market Outlook 2021-2040, 43,610 new aircrafts will be added to the global fleet by 2040 which accounts for a growth of 3.1%. Aviation adhesives and sealants are integral in the manufacture of aircraft components as they are used to form strong bonds and seals in wing spars, cockpit doors, window frames and is also used in interior applications for the engine. As such, the increase in demand for aircrafts proves to be an excellent driver for the Aviation Adhesives & Sealant Market.
Aviation Adhesives & Sealants Market Challenges
Stringent regulations for adhesives and sealants:
One of the key challenges for the Aviation Adhesives & Sealants Market is the various global regulations that affect the production & trade of adhesives and sealants. One such example is the Regulation of Environmental Protection by the State of Connecticut, Section 22a-174-44. Under this section, all adhesives and sealants must go through the necessary compliance procedures and test methods along with limitations on Volatile Organic Compounds (VOCs). Such regulations can prove to be a challenge for the market as it strictly limits the production and trade of aviation adhesives and sealants.
Aviation Adhesives & Sealants Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Aviation Adhesives & Sealants Market. The key companies in the Aviation Adhesives & Sealants Market are:
1. 3M Company
2. Henkel AG & Co. KGaA
3. Huntsman Corporation
4. PPG Industries Inc.
5. Solvay Group (Cytec)
6. Arkema S.A. (Bostik)
7. Hexcel Corporation
8. Royal Adhesives and Sealants
9. United Resin Corporation
10. Beacon Adhesives
Recent Developments
- On 19 September 2019, the Huntsman Corporation opened a new polyurethane systems house in Dubai which will increase their capacity to produce polyurethane systems and better supply them in Middle East and Africa.
- On 12 March 2019, the Hexcel Corporation and Arkema S.A. announced a partnership and opened a joint research and development laboratory in Les Avenières (Isère), France. This collaboration helps them develop new thermoplastic composite solutions for the aerospace sector.
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