Market data is given with respect to volume (kilotons) and value ($million). The global market value of aerospace adhesives is estimated to be around $1,644.81million in 2014 and is projected to grow at a CAGR of more than 5% between 2014 and 2019. The data is based on the global demand for aerospace adhesives.
The total market for aerospace adhesives has been analysed based on the Porter's five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, aerospace adhesive producers, aircraft manufacturers, and end-user industries. The value chain describes the key contributors to the aerospace adhesives market at different stages from product development to end use. It represents the top players which are contributing to the global aerospace adhesives industry.
The impact of different market factors, such as drivers, such as government regulatory support, public awareness, application growth for aerospace adhesives in Asia-Pacific especially in China and India where there is robust growth in air travel, followed by the commercial aerospace industry. The economic slowdown in Europe and US also affected the economy of other developed countries and the price volatility of the adhesives in the past made the market more strained for the aerospace adhesive end-user industries.
The global aerospace adhesives market is also classified based on different end-user industries: commercial, military, and general aviation. The commercial end-user industry is expected to show moderate growth in the future due to the advancements in the trend of air travelling.
The key companies in this market are US based, (3M, Huntsman, PPG Industries) with the exception of Germany's Henkel. These companies are consistently focusing on expanding their production capacity, says the research company.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 31.75% of the global demand in terms of market share in 2013. China is the leading country in the consumption of aerospace adhesives. Emerging economies are Brazil, India, Russia.
The report also covers different strategies and developments such as new product launches, mergers and acquisitions, investments and expansions, agreements, partnerships, joint ventures and collaborations undertaken by the leading aerospace adhesive companies in the past few years. Different aerospace adhesives market participants are also profiled.
