Global Aerospace Sealants Market

Aerospace Sealants Market Size, Share, Growth Analysis, By Chemistry(Silicones, Fluor silicones, Polyacrylates, Polyurethanes), By Application(Fuel tank, Airframe, Fight line repair, Aircraft windshield and canopy), By Aircraft(Commercial, Regional, Business, Helicopter), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20A2258 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 98 |Figures: 76

Aerospace Sealants Market Insights

Global Aerospace Sealants Market size was valued at USD 742 million in 2021 and is poised to grow from USD 784 million in 2022 to USD 1197 million by 2030, growing at a CAGR of 5.75% in the forecast period (2023-2030).

The global aerospace sealants market has experienced exceptional growth in recent years, pushed by the growing demand for commercial and army aircraft the world over. Aerospace sealants play a crucial role in keeping the structural integrity and safety of a plane by stopping leaks, corrosion, and damage because of environmental elements.

Moreover, stringent policies and standards inside the aerospace industry have driven manufacturers to invest in superior sealant technology to make certain compliance and beautify the durability in their plane.

As a end result, there was a growing emphasis on research and improvement on this zone, leading to the advent of modern sealant merchandise with progressed performance characteristics. This market's future trajectory is predicted to be stimulated by using factors which include technological advancements, environmental considerations, and the evolving needs of the aerospace enterprise.

Market Snapshot - 2023-2030

Global Market Size

USD 742 million

Largest Segment

Commercial

Fastest Growth

Commercial

Growth Rate

5.75% CAGR

Global Aerospace sealants market ($ Bn)
Country Share for NORTH AMERICA Region (%)

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Aerospace Sealants Market Segmental Analysis

The worldwide aerospace sealants marketplace is segmented on the idea of chemistry, utility, aircraft, and location. Based on chemistry the market is segmented as silicones, fluor silicones, polyacrylates, polyurethanes, polysulfide, others. On the premise of software the market is segmented as gasoline tank, airframe, fight line restore, aircraft windshield and cover, fuselage, others. Based on planes, it's far segregated into industrial, nearby, commercial enterprise, helicopter, and military. Based on vicinity, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis via Chemistry

Silicones currently dominate the aerospace sealants marketplace because of their versatility and extensive-ranging packages. They offer amazing resistance to intense temperatures, UV radiation, and moisture, making them ideal for aircraft sealant packages. Their flexibility, sturdiness, and adhesive residences have established them as a dependable choice for sealing vital aerospace components.

However, Polyurethanes are the quickest-developing chemistry in the aerospace sealants marketplace. This increase can be attributed to their superior adhesion houses, which give robust bonding and sealing talents. Additionally, polyurethanes are regarded for their resistance to environmental elements and chemical compounds, making them an increasing number of preferred for modern-day aerospace programs where excessive overall performance and sturdiness are crucial.

Analysis by Aircraft

Commercial planes, consisting of airliners like Boeing 737 and Airbus A320, hold to dominate the aerospace market. This is more often than not due to the global demand for air tours, which has continually grown through the years. Major airways international constantly increase their fleets to accommodate growing passenger numbers, making business aircraft the leading phase in terms of marketplace percentage.

Moreover, the fastest-growing segment within the aerospace marketplace is Unmanned Aerial Vehicles (UAVs) or drones. This notable boom may be attributed to a large number of things, inclusive of their versatility for numerous applications like surveillance, transport, and agriculture. Advancements in technology have made UAVs greater capable and inexpensive, expanding their use throughout industries, from military and protection to agriculture and logistics. This burgeoning demand for UAVs is expected to retain as new applications and use instances emerge.

Global Aerospace sealants market by Aircraft, 2021 (%)

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Aerospace Sealants Market Regional Insights

North America stands as the dominating location inside the worldwide aerospace sealants market. This dominance is attributed to the presence of important aerospace producers, a sturdy defense area, and full-size research and development activities. The United States, particularly, hosts a number of the world's leading aerospace organizations, fostering a high demand for advanced sealant answers.

However, Asia Pacific is experiencing the fastest boom in the aerospace sealants market. This boom is broadly speaking pushed by the expanding industrial aviation area, growing disposable incomes, and increasing air travel in rising economies like China and India. As these international locations keep spending money on modernizing their fleets and increasing their aviation infrastructure, the call for aerospace sealants is anticipated to jump in the Asia Pacific region. Additionally, a growing recognition of domestic aerospace production abilities similarly fuels this increase.

Global Aerospace sealants market by Geography, 2023-2030
  • Largest
  • Fastest

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Aerospace Sealants Market Dynamics

Drivers

Increasing Demand for Lightweight Materials

As the aerospace enterprise seeks to enhance gasoline efficiency and reduce emissions, there may be a growing preference for lightweight composite materials. Aerospace sealants play a vital position in ensuring the integrity of these materials, making them vital within the development of gasoline-green and green planes.

Restraints

Stringent Regulatory Standards

The aerospace enterprise is fairly regulated to ensure safety and overall performance, and assembling those standards can be tough and highly-priced for manufacturers. Compliance with strict pleasant and safety regulations requires significant investments in research, improvement, and testing, that may affect the time-to-market and normal profitability of aerospace sealant products.

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Aerospace Sealants Market Competitive Landscape

The competitive panorama within the aerospace sealants marketplace is characterized through severe rivalry amongst a range of industry contributors. These companies are by and large targeted on product innovation, technological advancements, and increasing their worldwide presence to advantage a competitive edge.

Market players usually spend money on studies and improvement to increase sealant solutions that meet the rigorous demands of the aerospace enterprise. Partnerships and collaborations with plane manufacturers and suppliers additionally play a full-size role in strengthening market positions.

Moreover, the emphasis on eco-friendly and sustainable sealant products aligns with developing environmental concerns, presenting an opportunity for gamers to distinguish themselves in this competitive arena.

Top Player’s Company Profiles

  • 3M (US)
  • Henkel AG & Co. KGaA (Germany)
  • Huntsman International LLC. (US)
  • PPG Industries Inc. (US)
  • Cytec Solvay Group (Belgium)
  • Hexcel Corporation (US)
  • Dow Inc. (US)
  • Avery Dennison Corporation (US)
  • ITW Polymers Sealants North America (US)
  • Master Bond Inc. (US)
  • Permabond Engineering Adhesives (UK)
  • Sika AG (Switzerland)
  • LORD Corporation (US)
  • H.B. Fuller (US)
  • Bostik (France)
  • AkzoNobel (Netherlands)
  • Beacon Adhesives Inc. (US)
  • Parson Adhesives Inc. (US)
  • Delo Industrial Adhesives (Germany)
  • Panacol-Elosol GmbH (Germany)

Recent Developments

  • In February 2023, 3M introduced the launch of its new Scotch-Weld Structural Adhesive 7210, a one-component, -aspect epoxy adhesive designed to be used in aerospace applications.
  • In June 2023, 3M additionally announced a brand new partnership with Boeing to develop and commercialize new aerospace sealants.
  • In January 2023, Henkel introduced the acquisition of the Loctite logo from Henkel.
  • In March 2023, Henkel additionally announced the release of its new LOXEAL eighty three-eleven HS, a excessive-energy, -issue epoxy adhesive designed for aerospace programs.

Aerospace Sealants Key Market Trends

  • Increased Emphasis on Sustainable and Eco-Friendly Solutions : s environmental concerns keep growing, both regulatory bodies and aerospace producers are prioritizing the development and use of sealants which have minimum environmental effect. This fashion is using innovation in the direction of eco-friendly formulations, such as low-VOC (risky natural compound) and solvent-free sealants, because the aerospace industry aims to lessen its carbon footprint and adhere to stricter environmental regulations.

Aerospace Sealants Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to global aerospace sealants market analysis, the market has witnessed steady growth in recent years, driven by the increasing demand for aircraft across commercial, military, and general aviation sectors. Key factors contributing to this growth include a rise in air travel, continuous aircraft modernization efforts, and a focus on improving aircraft safety and performance. Manufacturers in this market are investing significantly in research and development to produce advanced sealant solutions that meet stringent industry standards. Furthermore, the aerospace sealants market is characterized by a competitive landscape, with established players vying for market share through product innovation, partnerships, and expansion into emerging markets. Looking ahead, the aerospace sealants market is poised for further expansion. Continued boom in air passenger site visitors, specifically in emerging economies, is predicted to power calls for new aircraft, thereby increasing the want for aerospace sealants. Additionally, as sustainability and environmental concerns benefit prominence, the marketplace is probable to witness a shift towards green and low-VOC sealant answers. Technological improvements, including the improvement of self-recuperation sealants and sealants with extended durability, also are predicted. Furthermore, partnerships and collaborations between aerospace manufacturers and sealant suppliers will play an essential function in shaping the enterprise's future. However, regulatory compliance and pleasant requirements will remain critical challenges for marketplace gamers to navigate.

Report Metric Details
Market size value in 2021 USD 742 million
Market size value in 2030 USD 1197 million
Growth Rate 5.75%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Chemistry
    • Silicones, Fluor silicones, Polyacrylates, Polyurethanes, Polysulfide, and Others
  • Application
    • Fuel tank, Airframe, Fight line repair, Aircraft windshield and canopy, Fuselage, and Others
  • Aircraft
    • Commercial, Regional, Business, Helicopter, and Military
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 3M (US)
  • Henkel AG & Co. KGaA (Germany)
  • Huntsman International LLC. (US)
  • PPG Industries Inc. (US)
  • Cytec Solvay Group (Belgium)
  • Hexcel Corporation (US)
  • Dow Inc. (US)
  • Avery Dennison Corporation (US)
  • ITW Polymers Sealants North America (US)
  • Master Bond Inc. (US)
  • Permabond Engineering Adhesives (UK)
  • Sika AG (Switzerland)
  • LORD Corporation (US)
  • H.B. Fuller (US)
  • Bostik (France)
  • AkzoNobel (Netherlands)
  • Beacon Adhesives Inc. (US)
  • Parson Adhesives Inc. (US)
  • Delo Industrial Adhesives (Germany)
  • Panacol-Elosol GmbH (Germany)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Aerospace Sealants Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Aerospace Sealants Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Aerospace Sealants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace Sealants Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace Sealants Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aerospace Sealants Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Aerospace Sealants Market size was valued at USD 742 million in 2021 and is poised to grow from USD 784 million in 2022 to USD 1197 million by 2030, growing at a CAGR of 5.75% in the forecast period (2023-2030).

The competitive panorama within the aerospace sealants marketplace is characterized through severe rivalry amongst a range of industry contributors. These companies are by and large targeted on product innovation, technological advancements, and increasing their worldwide presence to advantage a competitive edge. '3M (US)', 'Henkel AG & Co. KGaA (Germany)', 'Huntsman International LLC. (US)', 'PPG Industries Inc. (US)', 'Cytec Solvay Group (Belgium)', 'Hexcel Corporation (US)', 'Dow Inc. (US)', 'Avery Dennison Corporation (US)', 'ITW Polymers Sealants North America (US)', 'Master Bond Inc. (US)', 'Permabond Engineering Adhesives (UK)', 'Sika AG (Switzerland)', 'LORD Corporation (US)', 'H.B. Fuller (US)', 'Bostik (France)', 'AkzoNobel (Netherlands)', 'Beacon Adhesives Inc. (US)', 'Parson Adhesives Inc. (US)', 'Delo Industrial Adhesives (Germany)', 'Panacol-Elosol GmbH (Germany)'

Increased Emphasis on Sustainable and Eco-Friendly Solutions : s environmental concerns keep growing, both regulatory bodies and aerospace producers are prioritizing the development and use of sealants which have minimum environmental effect. This fashion is using innovation in the direction of eco-friendly formulations, such as low-VOC (risky natural compound) and solvent-free sealants, because the aerospace industry aims to lessen its carbon footprint and adhere to stricter environmental regulations.

North America stands as the dominating location inside the worldwide aerospace sealants market. This dominance is attributed to the presence of important aerospace producers, a sturdy defense area, and full-size research and development activities. The United States, particularly, hosts a number of the world's leading aerospace organizations, fostering a high demand for advanced sealant answers.

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Global Aerospace Sealants Market

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