Global Aerospace Sealants Market, Forecast to 2023

Global Aerospace Sealants Market, Forecast to 2023

High Demand for Aircraft Fleet Expansion in Asia-Pacific and the Middle East is Expected to Spur Demand

RELEASE DATE
06-Sep-2017
REGION
Global
Deliverable Type
Market Research
Research Code: MD26-01-00-00-00
SKU: CM01460-GL-MR_20699
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Description

Aerospace is one of the key industries of leading economies that supplies to market such as commercial aviation, defense aviation, and general aviation. Aircrafts and related components and products that are in operation or are being manufactured require a variety of highly specific and durable sealants for various applications on parts such as fuel tanks, fuselages, access doors, windows, engine systems, landing gears, and airframes. Such sealants are collectively referred to as aerospace sealants in this study.

In this study, aerospace sealants market is analyzed for end-industries including commercial aviation, defense, and general aviation and the major end-user types are original equipment manufacturers (OEMs) and maintenance, repair, and overhaul (MRO). The major chemistries involved in formulation of these products are polysulfides, silicones, and fluoroelastomers, among others. Sealants are selected for an application based on a variety of requirements such as elasticity, toughness, corrosion resistance, conductivity, adhesion to various substrate types, resistance to fuels and other chemicals, stability under various temperature ranges and pressure conditions, and resistance to humidity. The requirements vary depending on the end application.

North America is the largest market for the aerospace sector with huge manufacturing and maintenance bases of leading original equipment manufacturers (OEMs) such as The Boeing Company, Airbus, Bombardier, Lockheed Martin, and Northrop Grumman established in the region. Asia Pacific is the fastest growing market owing to the increasing demand for air travel by the large and growing urban population in the developing countries with increasing disposable incomes.

The market for aerospace sealants is greatly impacted by mega trends such as robust growth of aircraft production due to increasing demand from commercial and defense aviation of the developing countries such as China, India, and countries of South East Asia and Middle East. However, market growth may be restrained by a slowdown in new investments in commercial freight aircrafts due to an expected decline in international trade in the coming few years.

The aerospace sealants market is presently highly competitive among large and global manufacturers who are primarily established in the developed markets of North America and Europe. The competitive environment in the market is highly skewed towards the larger market participants who increasingly engage in mergers and acquisitions and joint ventures among themselves and smaller companies to acquire new products, technologies, and market shares due to which the market points towards further consolidation in the coming few years.

The aerospace sealants face regulatory pressure from organizations such as Federal Aviation Administration (FAA), US Environmental Protection Agency (US EPA), and REACH that mandate the use of products with lower VOC emissions and eliminate the use of heavy metals. There is an increasing trend of customers moving to higher solids aerospace sealants instead of solvent borne products for want of lower VOC emissions, better specifications, and durability. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. Customers are increasingly looking for products that are easier to apply, lighter in weight, and regulatory compliant.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Executive Summary—Strategic Factsheet

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Geographic Scope

Key Questions This Study Will Answer

Market Segmentation

Aerospace Sealants—Major Applications

Sealant Chemistries and Application

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Unit Shipment Forecast

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Percent Unit Shipment Forecast by Region

Unit Shipment Forecast by Region

Percent Unit Shipment Forecast by End-user Sector and Type of User

Percent Unit Shipment Forecast by Chemistry

Percent Revenue Forecast by Chemistry

Percent Unit Shipment Forecast by Technology

Key Chemistry Trends

Value Chain

Value Chain Description

Aerospace Sealants Market—Regulatory Landscape

Dynamic SWOT Analysis

Market Share

Competitive Environment

Notable Mergers & Acquisitions

Product Matrix

Product Matrix (continued)

Product Matrix (continued)

Growth Opportunity 1—Robust Growth of Unmanned Aerial Vehicles (UAVs)

Growth Opportunity 2—Increased Defense Spending

Growth Opportunity 3—Promotion of Indigenous Aircraft Manufacturing in China

Growth Opportunity 4—Growing Trend of Lightweighting in the Aerospace Industry

Strategic Imperatives for Success and Growth

Aerospace Sealants Market—Impact of Mega Trends

Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Unit Shipment Forecast by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector (continued)

Percent Unit Shipment Forecast by Chemistry

Percent Unit Shipment Forecast Discussion by Chemistry

Percent Unit Shipment Forecast by Type of User

Percent Unit Shipment Forecast Discussion by Type of User

Percent Unit Shipment Forecast by Technology

Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Unit Shipment Forecast by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector (continued)

Percent Unit Shipment Forecast by Chemistry

Percent Unit Shipment Forecast Discussion by Chemistry

Percent Unit Shipment Forecast by Type of User

Percent Unit Shipment Forecast Discussion by Type of User

Percent Unit Shipment Forecast by Technology

Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector (continued)

Percent Unit Shipment Forecast by Chemistry

Percent Unit Shipment Forecast Discussion by Chemistry

Percent Unit Shipment Forecast by Type of User

Percent Unit Shipment Forecast Discussion by Type of User

Percent Unit Shipment Forecast Discussion by Type of User (continued)

Percent Unit Shipment Forecast by Technology

Characteristics and Overview

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

Percent Revenue Forecast by Sub-region

Percent Revenue Forecast Discussion by Sub-region

Percent Revenue Forecast Discussion by Sub-region (continued)

Percent Unit Shipment Forecast by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector

Percent Unit Shipment Forecast Discussion by End-user Sector (continued)

Percent Unit Shipment Forecast by Chemistry

Percent Unit Shipment Forecast Discussion by Chemistry

Percent Unit Shipment Forecast by Type of User

Percent Unit Shipment Forecast Discussion by Type of User

Percent Unit Shipment Forecast Discussion by Type of User (continued)

Percent Unit Shipment Forecast by Technology

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms

Aerospace is one of the key industries of leading economies that supplies to market such as commercial aviation, defense aviation, and general aviation. Aircrafts and related components and products that are in operation or are being manufactured require a variety of highly specific and durable sealants for various applications on parts such as fuel tanks, fuselages, access doors, windows, engine systems, landing gears, and airframes. Such sealants are collectively referred to as aerospace sealants in this study. In this study, aerospace sealants market is analyzed for end-industries including commercial aviation, defense, and general aviation and the major end-user types are original equipment manufacturers (OEMs) and maintenance, repair, and overhaul (MRO). The major chemistries involved in formulation of these products are polysulfides, silicones, and fluoroelastomers, among others. Sealants are selected for an application based on a variety of requirements such as elasticity, toughness, corrosion resistance, conductivity, adhesion to various substrate types, resistance to fuels and other chemicals, stability under various temperature ranges and pressure conditions, and resistance to humidity. The requirements vary depending on the end application. North America is the largest market for the aerospace sector with huge manufacturing and maintenance bases of leading original equipment manufacturers (OEMs) such as The Boeing Company, Airbus, Bombardier, Lockheed Martin, and Northrop Grumman established in the region. Asia Pacific is the fastest growing market owing to the increasing demand for air travel by the large and growing urban population in the developing countries with increasing disposable incomes. The market for aerospace sealants is greatly impacted by mega trends such as robust growth of aircraft production due to increasing demand from commercial and defense aviation of the developing countries such as China, India, and countries of South East Asia
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Christeena Thomas
Industries Chemicals and Materials
WIP Number MD26-01-00-00-00
Is Prebook No