Asia-Pacific Leads Aviation Adhesives and Sealants Market
The epoxy resins segment is expected to account for 45.6% of the global adhesives and sealants market by 2025.
The global aviation adhesives and sealants market size is predicted to be worth $1.17 billion by 2025, according to a recent report from Research and Markets. The growing demand for aircrafts and the increasing penetration of composites are likely to substantially contribute to industry growth over the forecast period.
The demand for aviation adhesives and sealants in general, commercial, and military end-use applications is reportedly increasing. This is due to a significant increase in aircraft building activities to cater to the growing demand for air travel coupled with a substantial drop in jet fuel prices. In addition, increasing volatility in diplomatic relations among countries has augmented the global defense expenditure, which, in turn, is likely to boost military aviation end-use application.
Increasing research and development activities and numerous government incentive programs are likely to enhance the production of aircrafts, which in turn is likely to propel market demand for adhesive and sealant products.
Solvent-based adhesives and sealants are expected to witness large-scale adoption in aviation industry owing to the development of new technologies. A large number of manufacturers are adopting these newly developed technologies to introduce more effective products with low dry times and eco-friendly attributes.
The epoxy resins segment is expected to account for 45.6% of the global adhesives and sealants market by 2025. The demand may be attributed to perspiration, moisture, and heat-resistant properties, which provide protection to numerous parts of an aircraft against the temperature outside. Technological advancements in the product to boost the performance of an aircraft are likely to augment its demand over the forecast period.
Asia-Pacific is reportedly the leading market for aviation adhesives and sealants due to the early adoption and augmented airplane building activities in the region. Large-scale manufacturers are mostly concentrated in countries including the U.S. and Canada, which in turn, is likely to drive market growth over the forecast period. Countries including the UK and Germany, India, Japan, and China are the fastest-developing markets for adhesives and sealants.
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