Global Aerospace Interior Adhesive market growth 2024, Forecast To 2033
23 Jan, 2024
The aerospace interior adhesive market has experienced robust growth, expanding from $1.2 billion in 2023 to $1.28 billion in 2024 at a CAGR of 7.0%. This growth in the historic period is attributed to regulatory changes, environmental concerns, an increase in aircraft and air passengers, higher defense expenditure, and intensified investment in research and development activities. Looking forward to 2028, the market is expected to continue its upward trajectory, reaching $1.7 billion at a CAGR of 7.4%. The forecasted growth is fueled by the demand for new commercial aircraft, government initiatives, aging aircraft fleets, rising disposable income, and the pursuit of fuel-efficient aircraft, with trends focusing on rapid cure adhesives, fire-resistant adhesives, sustainable adhesives, lighter weight solutions, collaboration, and partnerships.
Global Aerospace Interior Adhesive Market Key Driver
The aerospace interior adhesive market is expanding with the rise in the number of flyers. The International Air Transport Association's prediction of total traveler numbers exceeding 4.0 billion in 2024 indicates a substantial increase. Major airline companies investing in new aircraft to meet demand drive the need for interior adhesives, essential for construction and repair. The growth in the number of flyers is expected to boost demand for aerospace interior adhesives, aligning with market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Aerospace Interior Adhesive Market ReportGlobal Aerospace Interior Adhesive Market Segments
The global aerospace interior adhesive market covered in this report is segmented –
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
By Geography: 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.
North America was the largest region in the aerospace interior adhesive market in 2023. Asia-Pacificis 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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Aerospace Interior Adhesive Industry Players
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
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Aerospace Interior Adhesive Market Overview
The aerospace interior adhesive market consists of sales of the aerospace interior adhesive products by entities (organizations, sole traders, and partnerships) that refer to a type of adhesive that is used to enhance aircraft interior durability and aesthetics and improve worker and passenger safety. It refers to a type of glue used in the aerospace industry during manufacturing and assembling activities of an aircraft's interior, exterior, and engine compartments. Thread locking to retaining are some of the few of adhesive applications.
Aerospace Interior Adhesive Global Market Report 2023 provides data on the global aerospace interior adhesive market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace interior adhesive market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.