New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Aerospace Interior Adhesive Global Market Report 2022” – https://www.reportlinker.com/p06325436/?utm_source=GNW
Permabond LLC, Akzo Nobel NV, Chemseals, PPG Industries, Inc., HB Fuller Company and Avient Corporation.
The global aerospace interior adhesives market is expected to grow from $1.03 billion in 2021 to $1.11 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The aerospace interior adhesives market is expected to reach $1.38 billion in 2026 with a CAGR of 5.6%.
The aerospace interior adhesives market includes sales of aerospace interior adhesives products by entities (organizations, independent traders, and partnerships) that refer to a type of adhesive used to improve the durability and aesthetics of aircraft interiors and improve the safety of workers and passengers. refers to a type of glue used in the aerospace industry during manufacturing and assembly activities of the interior, exterior, and engine compartments of an aircraft.
Thread locking and retaining are some of the few adhesive applications.
The main types of aerospace interior adhesives are epoxy, polyurethane, acrylic, cyanoacrylate and other types. Epoxy refers to a type of epoxy-containing reactive prepolymer and polymer.
In terms of mechanical properties, as well as resistance to heat and chemicals, it outperforms other types of resin. Aerospace Interior Adhesive is used in various aircraft ranging from small single aisle wide body aircraft, medium wide body, large widebody and regional jet and its application includes seats, in-flight entertainment, toilets, interior panels, kitchen, storage bins, and other applications.
North America was the largest region in the aerospace interior adhesives market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Aerospace Interior Adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Aerospace Interior Adhesives Market research report is one of a series of new reports that provide statistics on the Aerospace Interior Adhesives market, including the global Aerospace Interior Adhesives industry market size, Regional shares with competitors holding Aerospace Interior Adhesives market share, detailed segments of the Aerospace Interior Adhesives market. , market trends, and opportunities, and any other data you may require to thrive in the Aerospace Interior Adhesives industry. This Aerospace Interior Adhesives Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increase in the number of flyers is expected to propel the growth of the aerospace interior adhesives market. Major airlines are increasing their flight schedules after experiencing an increase in customer demand.
In addition, these companies are investing in the purchase of new aircraft to meet the increased demand for air travel around the world. The increase in the number of flyers is expected to boost the demand for interior adhesives, as they are an essential element in the construction and repair of new aircraft. existing aircraft.
For example, in June 2020, according to an article shared by NPR ORG (National Public Radio), a non-profit media organization based in the United States, American Airlines indicated that the number of domestic flights would increase next month. from around 32,000 in April to more than 110,000 at the end of May, the airline said it expects to fly more than 55% of its July 2019 domestic schedule next month.
Hence, growth in the number of flyers is expected to drive the demand for aerospace interior adhesives over the forecast period.
Technological advancements are the key trend gaining popularity in the aerospace interior adhesives market. Major companies operating in the market are introducing new innovative products such as acrylate structural adhesives which can be effectively applied at customer sites.
For example, in May 2019, Huntsman launched ARALDITE® 2050 structural adhesive, a two-part, ultra-rapid curing acrylate that accelerates structural bonding of thermoplastics, composites and metals at temperatures ranging from -20 to 25°C. (-4 to 77°F) without the use of supplemental heat. For this product, almost no surface preparation is required, and they have great adhesion to a variety of substrates as well as excellent resistance to aging and weathering.
Under the most demanding conditions, these adhesives will allow customers to increase bonding speed and adhesion performance.
In January 2021, GracoRoberts, an American aerospace adhesives company, acquired Able Aerospace Adhesives for an undisclosed amount. This agreement will help GracoRoberts expand its presence in the international aerospace specialty chemicals market, particularly in the Asia-Pacific region and enable the company to offer a broader range of value-added products and services globally. world.
Able Aerospace Adhesives is a leading US supplier of aerospace specialty chemicals and related products.
The countries covered in the Aerospace Interior Adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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