The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Aerospace Interior Adhesive Global Market Report 2024, the aerospace interior adhesive market is expected to show significant growth in the forecast period.

The aerospace interior adhesive market has been on a trajectory of strong growth, witnessing its size surge from $1.2 billion in 2023 to $1.28 billion in 2024, reflecting an impressive Compound Annual Growth Rate (CAGR) of 7.0%. This surge in the historic period can be attributed to regulatory changes, environmental concerns, a rise in the number of aircraft and air passengers, increased defense expenditure, and a notable uptick in research and development activities.

On the Horizon: Anticipating Future Growth

Looking ahead, the aerospace interior adhesive market is poised for robust expansion, expected to reach $1.7 billion in 2028, with a CAGR of 7.4%. This growth in the forecast period is driven by factors such as the escalating demand for new commercial aircraft, government initiatives, aging aircraft fleets, rising disposable income, and a surge in demand for fuel-efficient aircraft. Notable trends in this period include the rise of rapid cure adhesives, fire-resistant adhesives, sustainable adhesives, lighter weight solutions, and increased collaboration and partnerships within the industry.

Sky-High Demand: Increasing Number of Flyers Fueling Growth

Taking Off: The Influence of Air Travel Demand

One of the primary drivers for the growth of the aerospace interior adhesive market is the significant increase in the number of air travelers globally. Major airline companies, responding to a surge in customer demand, are not only boosting their flight schedules but also investing in new aircraft to meet the rising air travel demands. This uptick in air travel is directly linked to the demand for interior adhesives, crucial components in both constructing new aircraft and repairing existing ones. For instance, the International Air Transport Association predicts that total traveler numbers will exceed 4.0 billion in 2024, surpassing pre-COVID-19 levels. This surge in air travel is set to boost the aerospace interior adhesive market.

Market Giants: Key Players in Aerospace Interior Adhesives

Leading the Way: Major Companies Shaping the Market

Major players in the aerospace interior adhesive market play a crucial role in meeting the increasing demand. Companies such as Henkel AG & Co.KGaA, Huntsman Corporation, Arkema S.A., and PPG Industries Inc. are among the key players shaping the industry. Their contribution goes beyond the present, influencing the trajectory of the market and steering it towards future innovations.

Technological Integration: Izon Platform Elevates Aerospace Interior Adhesives

Connected Skies: The Role of Technology Platforms

In a bid to enhance efficiency and reduce the weight of aircraft, major companies in the aerospace interior adhesive market are integrating technology platforms like the Izon platform. This platform facilitates data sharing and transactions, reducing the reliance on mechanical fasteners and providing greater freedom in choosing substrate materials. For instance, Collins Aerospace launched the Izon platform in October 2021, streamlining business aviation services and creating an ecosystem for connected tools and applications, thereby making operations safer and more efficient.

Strategic Acquisitions: A Global Reach for Aerospace Adhesives

Global Expansion: GracoRoberts Acquires Able Aerospace Adhesives

Strategic acquisitions are reshaping the aerospace interior adhesive market. In January 2021, GracoRoberts acquired Able Aerospace Adhesives, a move aimed at expanding GracoRoberts’ global presence, especially in the Asia-Pacific region. This acquisition enables GracoRoberts to offer a broader range of products and value-added services globally, further solidifying its position in the international market for aerospace specialty chemicals.

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Navigating the Market Landscape: Segmentation Insights

Dividing the Skies: Understanding Market Segments

The aerospace interior adhesive market is segmented based on resin type, aircraft type, and application type. Resin types include epoxy, polyurethane, acrylic, cyanoacrylate, and other types. Aircraft types range from single aisle to regional jets, while application types encompass seats, inflight entertainment, lavatory, interior panels, galley, stowage bins, and other applications.

Global Dynamics: North America Takes the Lead

Regional Prowess: North America’s Dominance

As of 2023, North America stands as the largest region in the aerospace interior adhesive market, showcasing its robust growth and widespread adoption of aerospace interior adhesive technologies. Looking forward, Asia-Pacific is expected to emerge as the fastest-growing region in the aerospace interior adhesive market, indicating a global shift in the industry’s landscape.

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The Aerospace Interior Adhesive Global Market Report 2024  provides an in-depth analysis on the aerospace interior adhesive market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the aerospace interior adhesive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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