Bizizz Market Research has recently published a research report, “Aerospace Adhesives & Sealants Market by Type of Resins (Epoxy, Silicone, Polyurethane, Others), Technology Type (Solvent-based, Water-based, others), End User (Commercial, Military, General Aviation), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Aerospace Adhesives & Sealants Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 1223.1 Mn by 2027, witnessing a CAGR of 5.2 % during the forecast period.
There is a huge surge in the demand of aerospace adhesives & sealants market due to increased investments of governments in developing aerospace products worldwide. These aerospace adhesives & sealants are of various types such as constituting of epoxies, polyurethanes, silicones, polysulfides offered in one and two-component systems across the aerospace industry. The aerospace industry is having a high demand for adhesives & Sealants offerings in order to apply them for aerospace products’ interiors and exteriors. These adhesives & sealants are also highly demanded by the defense sectors globally because of their high performance and versatile usage. The offerings are admired by commercial as well as regional aircraft manufacturers which have a high market share globally and are expanding at a rapid rate.
The Aerospace Adhesives & Sealants market is anticipated to register a CAGR of over 5.2% during the forecast period.
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By Type of Resins, Epoxy resin segment held a key/prominent share in Global Aerospace Adhesives & Sealants Market in 2018.
Aerospace adhesive & sealants market has a dominant market share by Epoxy resin segment. This surge of demand by resin segment is due to the unique properties including high mechanical properties, high resistance to degradation & thermal stress in a long period of time, anti-corrosion characteristics. The growth of this segment is attributed to the heavy usage of adhesive & sealants by various manufacturing companies associated with the aviation industry.
North Americais Anticipated to Dominate the Global Aerospace Adhesives & Sealants Market during the Forecast Period
The region has substantial aerospace companies firmly established are contributing to the growth of aerospace adhesive & sealants market share for its leading position globally. There is an exponential growth of this market due to the regions’ advancement in technology and the high purchasing power of customers. This region accounted for having huge demand for commercial aircraft which requires high amounts of adhesives & sealants products to manufacture end products of these aircraft.
Global Aerospace Adhesives & Sealants market was moderately consolidated with key players accounting for significant share in 2018.
Prominent players operating in the Global Aerospace Adhesives & Sealants Market are: 3M (US), H.B. Fuller (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), Hexcel Corporation (US), DowDuPont (US), PPG Industries Inc. (US), Illinois Tool Works Inc. (US), Arkema (France), and Cytec Solvay Group (Belgium).
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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