Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Aerospace Interior Adhesive Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global aerospace interior adhesive market is experiencing a significant phase of expansion, propelled by technological advancements and a considerable increase in air travel, according to comprehensive market research recently published.
The report showcases an in-depth analysis of the aerospace interior adhesive market, with a focus on key trends driving its growth. The aerospace sector's demand for durable and aesthetically appealing interiors is fuelling the development and use of advanced adhesives.
The market is categorized into epoxy, polyurethane, acrylic, cyanoacrylate, and other specialty adhesives, with epoxy adhesives taking center stage due to their remarkable mechanical properties and resistance to heat and chemicals. These adhesives play a critical role in the construction and maintenance of aircraft interiors, thus serving an essential function in the aerospace industry.
A recent surge from $1.2 billion in 2023 to a predicted $1.28 billion in 2024, at a compound annual growth rate (CAGR) of 7.0%, highlights the market’s dynamic nature. Factors contributing to this growth include advancements in aerospace technologies, evolving regulatory frameworks, and increased emphasis on passenger and operator safety. With an expected CAGR of 7.4%, the market is projected to reach $1.7 billion by 2028, indicating sustained growth and opportunity in this sector.
Regional Market Insights and Technological Innovations
Geographically, North America represented the most substantial share in 2023, and Asia-Pacific is poised to be the fastest-growing region through 2024. The report covers various countries and regions, providing detailed insights and future growth forecasts.
Technological innovations are highlighted as a pivotal trend, with industry leaders introducing advanced products that enhance efficiency and performance. Such innovations include epoxy-based structural paste adhesives, which are instrumental in addressing the aerospace industry's production and automation needs.
Key Market Influencers and Future Trajectory
In addition to advancements in adhesive technologies, the market is significantly influenced by the increasing number of air travelers and the adoption of fuel-efficient aircraft. These factors drive the demand for lightweight and robust bonding solutions. Statistics from international and national transport associations underline the importance of fuel efficiency and passenger volume as critical market drivers.
- The rising demand for new commercial aircraft
- An aging aircraft fleet necessitating robust maintenance solutions
- Increased defense expenditure contributing to the development of sophisticated military aircraft
Major corporations are focusing on strategic partnerships and acquisitions to leverage growth opportunities and to fortify their market positions.
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/odfrcj
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