Aerospace Structural Adhesives Market to Witness a Pronounce Growth at CAGR during 2027
Stratview Research delivers key insights on the global Aerospace Structural Adhesives Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Aerospace Structural Adhesives Market:
Henkel AG & Company KGaA,
Solvay S.A.,
The 3M Company,
Hexcel Corporation,
Huntsman Corporation,
Toray Advanced Composites,
Magnolia Advanced Materials Inc.,
Lord Corporation,
Delo Industrial Adhesives,
Sika Advanced Resins,
Scott Bader Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aerospace Structural Adhesives Market value and growth drivers over the trend period of 2019-24. According to the report -
The aerospace structural adhesives market is projected to grow at a healthy rate over the next five years to reach US$ 1.07 billion in 2024. Adhesives are gradually becoming the choice of materials in the aerospace industry, propelled by several factors including rising commercial and regional aircraft deliveries, increasing next-generation aircraft programs (B787 and A350XWB), increasing composites content, and a gradual shift from the mechanical fasteners to structural adhesives.
Segment Analysis:
Based on Aircraft Type:
The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is likely to remain the largest segment of the market during the forecast period. Increasing production rates of the key programs, such as B737 and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and COMAC C919, are likely to create a strong demand for structural adhesives in the commercial aircraft segment.
Based on Region:
Based on regions, North America is projected to remain the largest market during the forecast period. The USA is the growth engine of the North American aerospace structural adhesives market. The country is the hub for the aerospace manufacturing industry with the presence of several tier players, aircraft OEMs and MRO companies.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Aerospace Structural Adhesives Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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