The aerospace interior adhesive global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerospace Interior Adhesive Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aerospace interior adhesive market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to regulatory changes, environmental concerns, increase in number of aircraft and air passengers, increase in defense expenditure, rise in investment for research and development activity .
The aerospace interior adhesive market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing demand for new commercial aircraft, rise in government initiatives, aging aircraft fleets, increasing disposable income, demand for fuel-efficient aircraft. Major trends in the forecast period include rapid cure adhesives, fire-resistant adhesives, sustainable adhesives, lighter weight solutions, collaboration and partnerships.
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Scope Of Aerospace Interior Adhesive Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace Interior Adhesive Market Overview
Market Drivers –
The rise in the number of flyers is expected to propel the growth of the aerospace interior adhesive market going forward. Major airline companies are boosting their flight schedules after experiencing an increase in customer demand. Additionally, these companies are investing in the purchase of new aircraft to meet the increased air travel demand across the globe. The increase in number of flyers is expected to boost demand for interior adhesive, as they are vital component in new aircraft construction and repair of existing aircraft. For instance, in March 2022, according to an article published by International Air Transport Association, a Cuba-based world’s airline trade association, international traveler numbers in 2021 will be 27% higher than in previous years. This figure is expected to rise to 69% by 2022, 82% by 2023, 92% by 2024, and 101% by 2025. The International Air Transport Association (IATA) predicts that total traveller numbers will exceed 4.0 billion in 2024 (counting multi-sector connecting trips as one passenger), surpassing pre-COVID-19 levels. Therefore, the growth in the number of flyers is expected to boost demand for aerospace interior adhesives market during the forecast period.
The aerospace interior adhesive market covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Acrylic, Cyanoacrylate, Other Types
2) By Aircraft Type: Single Aisle, Small Wide Body, Medium Wide Body, Large Wide Body, Regional Jets
3) By Application Type: Seats, Inflight entertainment, Lavatory, Interior panels, Galley, Stowage bins, Other Applications
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Regional Insights –
North America was the largest region in the aerospace interior adhesive market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace interior adhesive market share during the forecast period. The regions covered in the aerospace interior adhesive market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aerospace interior adhesive market include Henkel AG & Co.KGaA, Huntsman Corporation, Arkema S.A., Solvay S.A., Minnesota Mining and Manufacturing Company, PPG Industries Inc., Cytec Industries Inc., Hexcel Corporation, Beacon Adhesives Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corporation, Hernon Manufacturing Inc., Hylomar Ltd., L&L Products, LORD Corporation, Master Bond Inc., Parson Adhesives Inc., Permabond LLC, Royal Adhesives & Sealants, Specialty Polymers and Services Inc., Ellsworth Adhesives India Pvt Ltd., Chemence Inc., Creative Materials Inc., Dow Corning Corporation, Franklin International Group Ltd., General Sealants Inc., H.B. Fuller India Adhesives Pvt Ltd., Illinois Tool Works Performance Polymers
Table of Contents
1. Executive Summary
2. Aerospace Interior Adhesive Market Report Structure
3. Aerospace Interior Adhesive Market Trends And Strategies
4. Aerospace Interior Adhesive Market – Macro Economic Scenario
5. Aerospace Interior Adhesive Market Size And Growth
…..
27. Aerospace Interior Adhesive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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