Dallas – The report "Aerospace Adhesives & Sealants Market by Resin Type (Epoxy & Others), by End-user Industry (Commercial, Military & General Aviation), by User Type (Original Equipment Manufacturer (OEM) & Maintenance, Repair & Overhaul (MRO)) - Global Forecast to 2019" states the global market value of the aerospace adhesive market was estimated to be $1.55 billion in 2013 and is projected to reach $2.19 billion by 2019, growing at a CAGR of more than 5% between 2014 and 2019. The high demand for the aerospace adhesives across all the aerospace end-user industries will increase the overall aerospace adhesives consumption.
"Aerospace Adhesives & Sealants Market" offers 126 market data tables and 78 figures spread through 209 pages. Early buyers will receive 10% customization on this report.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Western Europe. China, U.S., Japan, India, and Germany are expected to persist as successful aerospace adhesive markets. Key players in the aerospace adhesives market include 3M (U.S.), Beacon Adhesives Inc. (U.S.), Cytec Industries Inc. (U.S.), Henkel AG & Company (Germany), Hexcel Corp. (U.S.), Huntsman Corp. (U.S.), Master Bond (U.S.), PPG Industries Inc. (U.S.), Royal Adhesives & Sealants (U.S.), and United Resin Corp. (U.S.).
The Asia-Pacific region is the fastest growing segment of the global aerospace adhesive market, mainly attributed to high economic growth rate followed by increasing demand for commercial aircraft which is eventually driving the aerospace industry. The Asia-Pacific and rest of the world markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of aerospace industry, followed by enhanced travelling activities which will indirectly boost the demand for the aerospace adhesives.
R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of aerospace adhesives and match the consumer demands coming from various types of end-user industries. Global companies are continuously investing in R&D to create unique aerospace adhesives that can be used in the aerospace industry.
The aerospace adhesives analysis covers important developments, new product launches, investments & expansions, partnerships, agreements, joint ventures and collaborations, and mergers & acquisitions of the leading global companies.
Source: MarketsandMarkets