Lightweighting Driving Global Aerospace Adhesives and Coatings Market
Merger and acquisition activities are expected to continue.
The global aerospace adhesives and coatings market is forecast to reach $1.9 billion by the end of 2024, reportedly driven by an increasing need for lighter materials, investment in technically advanced products, evolving regulations, and high-volume demand for new and refurbished aircraft, according to Frost & Sullivan.
“While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant,” said Christeena Thomas, senior research analyst, chemicals and materials, EIA.