Global Aerospace Adhesives Market is Estimated to Be $1,644.81 Million in 2014

Date: 2015-08-19

“The report covers the global aerospace adhesives market and further segments the market on the basis of resin type, user type, end-user industry, and region. The market data for these types is given with respect to volume (kilotons) and value ($million). The global market value of aerospace adhesives is estimated to be around $1,644.81 million in 2014 and is projected to grow at a CAGR of more than 5% between 2014 and 2019. The data mentioned in the report are based on the global demand for aerospace adhesives.

The total market for aerospace adhesives has been analyzed 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.

followed by the commercial aerospace industry. The economic slowdown in Europe and U.S. 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 key companies in this market are 3M (U.S.), Beacon Adhesives Inc. (U.S.), Cytec Industries Inc. (U.S.), Henkel AG & Company (Germany), Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Master Bond (U.S.), PPG Industries Inc. (U.S.), Royal Adhesives & Sealants (U.S.), and United Resin Corporation (U.S.). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product launches were the most preferred strategies by the top players in 2013 that were driving the demand of aerospace adhesives. Their strategy to capture the untapped market in developing economies includes mergers and acquisitions, agreements, partnerships, collaborations, and joint ventures, and investments and expansions. 

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