The Business Research Company’s report on the Aerospace Interior Adhesive Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the aerospace interior adhesive market further?
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 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.
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What are the key factors influencing the forecasted market size of the aerospace interior adhesive Industry?
The aerospace interior adhesive market size has grown strongly in recent years. It will grow from $1.27 billion in 2024 to $1.36 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. 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 $1.87 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. 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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Who are the leading competitors in the aerospace interior adhesive market?
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
Which emerging trends are set to transform the aerospace interior adhesive market landscape?
Technological advancements are the key trend gaining popularity in the aerospace interior adhesive market. Major companies operating in the market are introducing new innovative products such as Structural film adhesives. Structural film adhesive is a type of adhesive specifically designed for bonding materials in applications that require high strength and durability. For instance, in June 2023, Park Aerospace, a New York-based company specializing in advanced materials and composite structures for the aerospace Industry, launched the Aeroadhere FAE-350-1 structural film adhesive. This product is specifically designed for bonding both primary and secondary structures in aircraft. It offers high strength and durability, making it ideal for aerospace applications where reliability and performance are critical. The adhesive is a key component in ensuring the integrity of aircraft structures, helping them withstand harsh environmental conditions and operational stresses.
How do different geographies compare in terms of market share and growth potential in the aerospace interior adhesive market?
North America was the largest region in the aerospace interior adhesive market in 2024. 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.
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Which major segments of the aerospace interior adhesive market are experiencing the fastest growth?
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
Subsegments:
1) By Epoxy: Modified Epoxy Adhesives, High-Temperature Epoxy Adhesives, Structural Epoxy Adhesives
2) By Polyurethane Adhesives: Flexible Polyurethane Adhesives, Rigid Polyurethane Adhesives, Hot-Melt Polyurethane Adhesives
3) By Acrylic: Methyl Methacrylate Adhesives, UV-Curable Acrylic Adhesives, Solvent-Based Acrylic Adhesives
4) By Cyanoacrylate: Instant Adhesives, Specialty Cyanoacrylate Adhesives
5) By Other Types: Silicone Adhesives, Anaerobic Adhesives, Hot Melt Adhesives, Phenolic Adhesives
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How is the aerospace interior adhesive market defined, and what are its core characteristics?
Aerospace interior adhesives refer to a type of adhesives that are used to enhance aircraft interior durability and aesthetics and improve worker and passenger safety. It is a type of glue used in the aerospace Industry during manufacturing and assembling activities of an aircraft’s interior, exterior, and engine compartments.
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