The primary types of aerospace interior adhesives include epoxy, polyurethane, acrylic, cyanoacrylate, and other specialized formulations. Epoxy, characterized by its epoxide-containing reactive prepolymer and polymer, stands out for its superior mechanical properties, as well as heat and chemical resistance compared to other resin types. These adhesives find application in various aircraft categories, including single-aisle small wide-body, medium wide-body, large wide-body, and regional jets. Specific areas of application encompass seats, inflight entertainment systems, lavatories, interior panels, galleys, stowage bins, and various other components within the aircraft.
The aerospace interior adhesive market research report is one of a series of new reports that provides aerospace interior adhesive market statistics, including aerospace interior adhesive industry global market size, regional shares, competitors with an aerospace interior adhesive market share, detailed aerospace interior adhesive market segments, aerospace interior adhesive market trends and opportunities, and any further data you may need to thrive in the aerospace interior adhesive industry. This aerospace interior adhesive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historic period can be attributed to several factors, including regulatory changes, heightened environmental concerns, an increase in the number of aircraft and air passengers, a rise in defense expenditure, and increased investments in research and development activities. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time.
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 anticipated growth in the forecast period can be attributed to various factors, including the growing demand for new commercial aircraft, an increase in government initiatives, aging aircraft fleets, rising disposable income, and the demand for fuel-efficient aircraft. Key trends expected during this period encompass the adoption of rapid cure adhesives, the use of fire-resistant adhesives, the integration of sustainable adhesive solutions, the exploration of lighter weight alternatives, and an emphasis on collaboration and partnerships within the industry. These trends reflect the dynamic landscape of the aerospace sector and the ongoing efforts to meet evolving market demands and technological advancements.
The expansion of the aerospace interior adhesive market is expected to be propelled by the surge in the number of air travelers. Major airlines are increasing their flight schedules due to heightened customer demand and are investing in new aircraft to accommodate the growing air travel demand globally. This rise in air travel is anticipated to bolster the demand for interior adhesives, critical in constructing new aircraft and repairing existing ones. As reported in March 2022 by the International Air Transport Association (IATA), international traveler numbers are expected to increase significantly in the coming years. The IATA predicts total traveler numbers exceeding 4.0 billion in 2024, surpassing pre-COVID-19 levels. This substantial growth in air travel is projected to boost demand for aerospace interior adhesives.
The aerospace interior adhesive market is expected to witness a boost due to the increased adoption of fuel-efficient aircraft. These aircraft provide maximum operational efficiency and minimal fuel consumption, thereby reducing operational costs for airlines and operators. Interior adhesives, known for their lightweight and robust bonding properties, are used in fuel-efficient aircraft to lower the overall weight, a critical factor in enhancing fuel efficiency and reducing operational costs. According to data from the Department of Transportation's Bureau of Transportation Statistics (BTS) in August 2022, US airlines' fuel costs and consumption figures showed a significant increase, indicating the necessity for more fuel-efficient aircraft. Additionally, the Commercial Market Outlook (CMO) 2022 from the Boeing Company projects a rising demand for fuel-efficient aircraft up to 41,000 by 2041, further reinforcing the interior adhesive market's growth driven by fuel-efficient aircraft adoption.
Technological advancements are a prominent trend shaping the aerospace interior adhesive market. Leading companies are introducing innovative products such as Acrylate Structural Adhesives, designed for efficient application at customer sites. A prime example is Solvay S.A.'s release of AeroPaste 1006, 1009, and 1100 adhesive pastes along with BR 179 non-chromate primer in June 2021. These aerospace adhesive and surfacing technology advancements improve part assembly efficiency and offer exceptional processing flexibility, catering to rising production rates. Solvay's AeroPaste, a new generation of epoxy-based structural paste adhesives, demonstrates film-like properties comparable or superior to the market's leading film adhesives. This portfolio of paste adhesives, designed for rapid assembly and automation, meets the aerospace industry's industrialization requirements.
Major corporations within the aerospace interior adhesives market are emphasizing the integration of technology platforms such as the Izon platform to streamline data transactions and sharing. The utilization of aerospace adhesives in conjunction with technology, such as the Izon platform, proves advantageous for aircraft cabins as they mitigate the requirement for mechanical fasteners, which contribute to the overall weight of the aircraft. Additionally, these adhesives allow for increased flexibility in choosing substrate materials. An example of this is Collins Aerospace's introduction of the Izon platform for business aviation services in October 2021. The platform is designed to integrate and optimize business aviation services, offering aircraft operators a suite of connected tools, applications, and equipment, ultimately establishing an ecosystem to facilitate easier, safer, and more efficient operations.
In a strategic move in January 2021, GracoRoberts, a US-based aerospace adhesive enterprise, acquired Able Aerospace Adhesives in a deal whose financial details were not disclosed. This acquisition enables GracoRoberts to broaden its footprint in the global market for aerospace specialty chemicals, especially across the Asia-Pacific region. By merging with Able Aerospace Adhesives, the company is poised to expand its range of offerings and provide enhanced value-added services on a global scale. Able Aerospace Adhesives, recognized as a prominent provider of specialized aerospace chemicals and related products, aligns with GracoRoberts' strategic vision for market growth and service diversification.
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
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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the aerospace interior adhesive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The aerospace interior adhesive market consists of sales of anaerobic that are used as aerospace interior adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Aerospace Interior Adhesive Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aerospace interior adhesive market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for aerospace interior adhesive? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 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
- Companies Mentioned: Henkel AG & Co.KGaA; Huntsman Corporation; Arkema S.A.; Solvay S.A.; Minnesota Mining and Manufacturing Company
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
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