Aerospace Adhesives and Sealants Market to Be Worth $954.7 Million by 2022
The market is reportedly driven by the rising demand for aerospace adhesives and sealants from OEMs and MROs in the commercial, military, and general aviation sectors.
The aerospace adhesives and sealants market is projected to grow from $732 million in 2017 to $954.7 million by 2022, at a compound annual growth rate (CAGR) of 5.46% between 2017 and 2022, according to a new market research report "Aerospace Adhesive & Sealants Market by Resin Type (epoxy, silicone, PU), Technology (solvent-based, water-based), End-user Industry (commercial, military, general aviation), User Type (OEM, MRO), Aircraft Type, and Region - Global Forecast to 2022" published by MarketsandMarkets™.
The market is reportedly driven by the rising demand for aerospace adhesives and sealants from OEMs and MROs in the commercial, military, and general aviation sectors. The characteristics of the resins are eco-friendly, flexible, and cost-effective, leading to more demand in end-user industries.