(MENAFN - America News Hour)Research Nester published a report titled “Aerospace Adhesives Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalaerospace adhesives market in terms of market segmentation by technology, resin type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The aerospace adhesives market is estimated to occupy a sizeable revenue by growing at a noteworthy CAGR during the forecast period, i.e., 2021 – 2030, owing to the increasing use of composited for manufacturing aircrafts, growing number of air passengers and rising demand for aerospace adhesives in developing nations. Apart from these, emergence of middle-class populations in progressing economies also expected to drive market growth.
The global aerospace adhesives market is segmented by technology, resin type and end user. Based on resin type, the epoxy segment is anticipated to grab the largest market share during the forecast period on the back of distinguished chemical and physical properties, and unique combination of adhesion. Additionally, by end use, the commercial segment is projected to grab the largest market share in the future owing to the increasing passenger strength in emerging economies.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share during the forecast period attributing to the presence of large aerospace sector in the United States. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the growing air traffic and high production of aircrafts in the region.
Growing Demand for Aerospace Adhesives in Developing Nations to Expand Market
Developing countries in the Asia Pacific region, namely India and China are home to a booming aircraft industry. Additionally, India is very likely to offer long term opportunities to the market vendors owing the rising development of low-cost aircraft in the region. As the aircraft production is increasing, there is assessed to be a surge in demand for aerospace adhesives in the upcoming years.
However, poor performance of these adhesives at low temperature is expected to operate as key restraint to the growth of the aerospace adhesives market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global aerospace adhesives market which includes company profiling of 3M Company, Henkel AG & Co. KGaA, Cytec Solvay Group, Hexcel Corporation, Huntsman International LLC, PPG Industries Inc., H.B. Fuller Company, Bostik SA, Parker Hannifin Corp, The Dow Chemical Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the aerospace adhesives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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