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Aerospace Sealants Market 2020| Application and Future Forecast by 2026

Author : Rahul Varpe | Published Date : 2020-09-17 

The global aerospace sealants market is earmarked to witness a upsurge in product demand over coming years owing to the increasing integrality of airplanes to globalization and international trade. Aerospace sealants are considered products that have been fundamental for aerospace maintenance, manufacturing, and repair.

Aerospace sealants such as polysulfide sealants, owing to their exceptional resistance to chemicals and fuel, are used widely across a plethora of aerospace applications that need materials that boast of strong UV and chemical resistance.

The overall aerospace sealants market is bifurcated into segments on the basis of chemistry, application, aircraft, distribution channel, and regional landscape.

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Based on chemistry, the market is divided into silicones, fluorosilicones, polyacrylates, polyurethanes, polysulfide, and others. Among these, the silicone augment accounts for a respectable volume share of around 19% due to its excellent durability, aesthetics & versatility than organic sealants.

The polyurethane sealants segment is projected to grow at an impressive CAGR of more than 5.1% from 2020 to 2026 and is expected to generate more than USD 7 million by 2026.

Based upon application, the market is divided into fuel tank, airframe, fight line repair, aircraft windshield and canopy, fuselage, and others. Among these, the aircraft windshield and canopy segment generated approximately USD 650 million in 2019 and will be growing at 2.5 rate throughout study time period.

In terms of aircraft, the market is divided into commercial, regional, business, helicopter, and military. The commercial segment is further bifurcated into narrow-body aircrafts and wide body aircrafts. The commercial aircraft segment is expected to dominate the overall aerospace sealants market share over the study period. The proliferation of low-cost carriers along with improved network of routes are playing a major role in boosting the market share.

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Wide-body aircraft will showcase 4.5% CAGR over the forecast timeframe owing to rising foreign tourists demand in major parts of the world. Growing globalization and international trade will propel growth of aerospace sealants in the segment over coming years.

The business aircraft segment is anticipated to grow at a 3.8% CAGR in the forecast time period.

The helicopters segment is expected to showcase a considerable rate of growth due to the growing demand for helicopters from the offshore industry along with the procurement of military aircraft from several developing economies.

With respect to distribution channel, the market is divided into OEM, and aftermarket. The aftermarket segment is further classified into operator/Airline in house, airline third party, and independent. The aftermarket segment is forecast to hold more than 55% share of the global aerospace sealants market by the end of the projected timeframe.

The Europe aerospace sealants market revenue was valued at more than USD 200 million in 2019, which is expected to reach a valuation of approximately USD 218 million by 2026.

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The Latin America aerospace sealant market is driven by the rising demand for low cost carriers across the region. Mexico and Brazil accounts for the largest aviation markets in the region.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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