Aerospace Sealant Market Size, Share & Industry Analysis, By Resin (Polysulfide, Silicone, Fluorosilicone, Polyacrylate, Polyurethane), By Application (Fuel Tank, Airframe, Flight Line Repair, Aircraft Windshield & Canopy), By End-use Industry (Commercial Aviation, Military Aviation), By Formulation Technology (Solvent-based, Water-based) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Aerospace sealants are used to increase the durability and safety of aircraft. Aerospace sealant is mainly used to keep fires or flames from spreading from the engine compartment to the aircraft, as well as to prevent air leakage, corrosion, water or dust entry, and other fluid leakage. A strong and flexible aerospace sealant can reduce vibration, cut aircraft maintenance costs and increase product lifespan.
Globally, growing middle-class population and rising purchasing power standards are anticipated to boost demand as more people prefer to travel by air. This will result in increased demand for new aircrafts and which will result in boosting the demand for aerospace sealant market. Growing use of armed drone technologies by militaries around the world is projected to fuel market growth.
However, organizations like the FAA and EPA are putting pressure on aerospace sealant manufacturers to use materials with reduced VOC emissions and eliminate the usage of heavy metals. Manufacturers inability to comply with stricter environmental laws is expected to negatively impact market growth.
Key Market Driver -
Rising Demand in Commercial and Military Aviation to Drive Market Growth.
Key Market Restraint -
Strict Environmental Regulations to Hinder the Market Growth.
Market Segmentation:
Based on resin, market is segmented into polysulfide, silicone, fluorosilicone, polyacrylate, polyurethane and others. In terms of application, market is classified into fuel tank, airframe, flight line repair, aircraft windshield & canopy, fuselage, and others. Based on end-use industry the market is segmented into commercial aviation, military aviation and others. In terms of formulation technology, market is classified into solvent-based, water-based and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The prominent key players include 3M, Solvay, PPG Industries, Inc., Henkel Corporation, Beacon Adhesives, Inc., Master Bond Inc., Royal Adhesives & Sealants, United Resin Corporation and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Aerospace Coatings Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in North America is expected to expand as a result of the U.S.'s strong military budget, which includes unmanned aerial vehicle. Presence of major commercial aircraft manufacturer such as Boeing in the region, is expected to drive market in the region. The European aerospace sealant market is projected to expand attributed to the increasing tourism industry, which boosts demand for commercial aviation. Asia Pacific aerospace sealant market is projected to expand due to increasing demand for air travel, which is being driven by economic growth and increased purchasing power. Latin America and Middle East & Africa is expected to exhibit slow growth.
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Segmentation
ATTRIBUTE | DETAILS |
By Resin |
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By Application |
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By End-use Industry |
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By Formulation Technology |
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By Geography |
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Aerospace Sealant Industry Developments
- In May 2021, PPG invested US$ 13 million in Jiading facility to increase capacity and improve R&D. The new lines will manufacture high-performance general automotive powder coatings, tire hub coatings, heavy-duty equipment coatings, and other high-performance coatings. The plant's production will be increased by more than 8,000 metric tons a year as a result of the expansion.
- In October 2017, Royal Adhesives & Sealants has been acquired by H.B. Fuller for US$ 1.57 billion. H.B. Fuller's product offering of engineering, durable assembly, and building adhesives has been expanded as a result of the acquisition.
- Ongoing
- 2023
- 2019-2022
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