Global Adhesives Market for Aerospace Industry to increase with a CAGR of 3.4% by 2020: Lucintel

The adhesive in global aerospace industry is expected to increase with a CAGR of 3.4% by 2020. The major drivers of adhesive in global aerospace industry is increasing penetration of composites in aircrafts and increasing aircraft deliveries. Many new aircraft programs have high composites penetration for reduction in aircraft weight and fuel efficiency, resulting in increasing demand for adhesives. With the increasing air passenger traffic rate, delivery for aircraft is increasing which will drive the adhesive market.

Lucintel, a leading global management consulting and market research firm, has analyzed the adhesive in global aerospace industry by aircraft type, product type and by region and has come up with comprehensive research report “Growth Opportunities for Adhesive in Global Aerospace Industry 2014-2020: Trend, Forecast, and Opportunity Analysis.” This report provides an analysis of the adhesive in global aerospace industry including analysis of the market trends, competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes adhesive in global aerospace industry trends and forecasts through 2020, segmented by regions, by aircraft type, and by product type as follows:

On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for adhesive in global aerospace industry will grow moderately during 2014-2020. Commercial aircraft segment is expected to grow at faster pace than general aviation and regional jets. Adhesive manufacturers are continuously adopting new strategies to gain market share in this industry. Adhesive in aerospace industry is now replacing traditional fasteners such as rivets, bolts due to increased focus of OEMs and parts manufacturers on lightweight and fuel efficient aircrafts. This will further drive the adhesive market. Henkel, Cytec, Hexcel Corporation are among the major suppliers of adhesive in global aerospace industry.

The biggest challenge the industry faces is government regulations for VOC (Volatile Organic Compound) control. Therefore, customers are demanding eco-friendly products. Another challenge in this industry is the modification or dev