The increasing demand for unmanned aerial vehicles (UAVs) size are expected to spur opportunities for the market, Fortune Business Insights, in a report, titled “Aviation Adhesives and Sealants Market Size, Share & Industry Analysis, By Cure Type (One-part, Two-part, Anaerobic, Heat-cure, UV-cure), By Resin (Silicone, Polyurethane, Epoxy, Acrylic), By Application (Aerospace & Defense Electronics, Structural, Interior), By End-Use Industry (Commercial Aviation, Defense Aviation, General Aviation & Others) and Regional Forecast, 2022-2029.” The surging aviation & aerospace industry is expected to boost the development of the market.
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The report on the aviation adhesives market highlights:
- Excellent insights into the market
- Systematic data with detailed analysis
- Market dynamics and aspects demonstrating the development
- Meticulous information about vital players in the market
- Procured statistics about dominant regions
Increasing Application of UAVs in Agriculture to Favor Growth
The increasing application of unmanned aerial vehicles (UAVs) in sports, media & broadcasting, transportation, and defense can have an excellent effect on the global market.
The growing utilization of UAVs for agricultural, geological, and defense-related purposes are expected to intensify growth in the forthcoming years. The growing popularity of UAVs among consumers can bolster the healthy growth of the market. The growing demand for aviation adhesives and sealants owing to the growing production of aircraft can further enhance the development of the market. Furthermore, the expansion and development of training centers by companies can elevate the prospects for the market. For instance, in September 2018, Nordson Corporation unveiled a sealant application development and training center at its Wixom, US facility. The R&D and training center will provide the company with a base to work in collaboration with the aviation industry partners, raw material suppliers, and customers to develop customized solutions to meet their requirements. However, the volatility in raw material pricesis expected to dampen the growth of the market during the forecast period.
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Surging Air Traffic to Support Growth in Asia Pacific
Asia Pacific is expected to dominate the global market during the forecast period owing to the increasing demand for repair and maintenance of aircraft. The flourishing tourism industry is expected to aid the expansion of the market in the region. Moreover, increasing air traffic is expected to have a tremendous impact on the market in Asia Pacific. North America is expected to rise outstandingly during the forecast period owing to the presence of key players such as Boeing, SpaceX, and Lockheed Martinin the region. The growing production of satellites and aerospace electronics like radars and space probes are expected to drive the market in Europe. Latin America is expected to hold a significant share during the forecast period owing to the heavy investments by governments for the development of infrastructures for the aviation industry. The market in Middle East & Africa is expected to expand radically during the forecast period owing to the significant investments by nations like Israel and GCC countries to improve their space exploration programs.
December 2019: PPG Industries, Inc. introduced its new research & technology center in Burbank, California. The company invested USD 15.5 million to continue its R&D to provide innovative products to customers in commercial, military, and general aviation.
February 2019: Henkel Corporation expanded its production facility for aerospace solutions in Montornès del Vallès, Spain with an investment of over USD 30 million.
The Report Lists the Main Companies in the Aviation Adhesives and Sealants Market:
- Nordson Corporation
- Henkel Corporation
- Hernon Manufacturing, Inc.
- Chemique Adhesives & Sealants Ltd.
- B. Fuller Company
- Kohesi Bond
- PPG Industries, Inc.
- Permabond LLC.
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