Aerospace Interior Adhesives Market - Global Industry Insights, Trends, Outlook, and Opportunity Ana

Adhesives are materials, which have the ability to join two surfaces using linkage and consistent mechanisms. Adhesives play a major role in aircraft interior manufacturing. Aerospace adhesives are strong and fire & chemical resistant with superior bond performance and elasticity. Aerospace adhesives help maintain the interior quality of the aircraft without adding any additional weight. Increasing number of aircrafts, rise in interior renovation, and leasing of aircrafts also contribute to the growth of aerospace interior adhesives market.

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Demand for medium wide body aircraft drives the growth of aerospace interior adhesives market. This growth can be attributed to the availability of a large number of seats in economy class, private space for increased luxury, and accessibility of extensive range of cabin interiors. Panel is the largest segment, which uses aerospace interior adhesives. A floor panel is an important part of the airplane interior. Floor panels are made of materials strong enough to resist heavy weights and offer high strength. Panels are usually made up of composites and plastic, which require adhesives for bonding. Due to the lightweight and thermal & pressure resistant properties, epoxy resins are the most preferred type of resins.

Latin America has experienced a slowdown in the aviation sector due to the political turmoil existing in major markets of Brazil, Argentina, Colombia, and Venezuela. This has, in turn, affected the aerospace interior adhesives market in this region. Whereas, Africa is expected to witness strong market growth over the forecast period due to strong economic growth coupled with the presence of a large number of untapped markets

• Asia Pacific is the fastest growing market for aerospace interior adhesives. The region has witnessed robust developments in the aerospace sector during the recent past. This has led to a significant increase in demand for aircrafts. However, high losses and debt incurred to the national aircraft carriers of India and Malaysia have resulted in a relatively slow growth of the aerospace interior adhesives in this region
• The Middle East is swiftly growing as a transit hub due to low fuel prices. The rise of major airlines such as Emirates, Etihad, and Qatar Airways have led to a boom in demand for aerospace interior adhesives in the region

• Europe is projected to be a major aviation hub since a large number of aircraft manufacturers have established their production bases in the region. Increased military spending by the EU countries and the growing demand for flights for improved connectivity boost the global aerospace interior adhesives market. Several planned and ongoing developments in the European countries are further expected to boost the market growth

Some of the key players in the aerospace interior adhesives market include Henkel AG & Co.KGaA (Germany), Solvay S.A. (Belgium), Huntsman Corporation (U.S), Avery Dennison (U.S.), (France), Hexcel Corporation (U.S.), Arkema S.A., The 3M Company (U.S.), Delo Industrial Adhesives (Germany), Master Bond Inc. (U.S.), and Permabond LLC (U.K.).

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