The global aerospace sealants market size is expected to reach USD 800 million by 2026, progressing at a CAGR 4.5% over the forecast period, according to a new report by Global Market Insights, Inc.
The aerospace sealants market is expected to amass sizeable growth on account of increasing adoption of maintenance, repair, and overhaul (MRO) activities. Numerous airliners prefer to conduct MRO operations on their aging airplanes instead of buying new aircraft, which is often considered to be an expensive alternative. Growing prevalence of MRO activities could significantly boost the consumption of aerospace sealants over the forthcoming years. While, rapid development in the tourism sector could play a crucial role in proliferating air traffic, thereby driving the demand for MRO operations. Federal authorities have started to impose stern regulations on mandatory checks and routine inspections. This ensures an aircraft’s airworthiness and overall safety.
Aerospace sealants are crucial for filling gaps in the airplane’s fuselage. Aircraft manufacturers prefer these sealants as they are capable of withstanding massive fluctuations in temperature, ensuring that the fuselage is leak proof. Considering the product’s immense significance, Global Market Insights, Inc., estimates that the aerospace sealants market might reach USD 800 million by 2026.
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Mentioned below are few of the ongoing trends advancing the aerospace sealants industry size:
Surging demand from the military sector-
Rising geopolitical tensions coupled with rapidly expanding defense budgets could propel the use of aerospace sealants across the military sector. Aerospace sealants market from the military segment is predicted to show remarkable growth, recording a CAGR of over 4.5% by 2026.
Military airplanes are usually prone to conventional and short landing and take-off operations. Growing concerns over military modernization and overhaul could strengthen the business outlook for aerospace sealant providers.
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Rising opportunities across the Middle East & Africa-
Steady growth in air traffic coupled with burgeoning tourism industry could accelerate the demand for aerospace sealants across the MEA. Forecasters claim that the region may register a healthy CAGR of more than 3.5% by 2026. As per IATA (International Air Transport Association), MEA is likely to observe nearly 5% growth while recording around 414 million air passengers by the end of 2035.
Adoption of lucrative business strategies-
Companies operating in the aerospace sealants market are constantly working on product innovations like lightweight aerospace sealant solutions. They are focusing on overhauling their distribution process to expand their geographical presence. Taking October 2017 for instance, PPG Industries, Inc., released a new webstore for its customers spread across the continental U.S. Customers could easily get PPG SEMCO products, which are mainly used for aerospace adhesive and sealant applications, within two or three business days.
Apart from PPG, other companies leading the aerospace sealant industry landscape include Chemtall, Permatex, Henkel, 3M, Dow Corning, and Cytec Industries Royal Adhesives & Sealants.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/aerospace-sealants-market
Chapter 1 Methodology & Scope
1.1 Market definition
1.2 Base estimation & working
1.2.1 North America
1.3 Forecast calculation
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
Chapter 2 Executive Summary
2.1 Aerospace sealants industry 3600 synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Chemistry trends
2.1.3 Application trends
2.1.4 Aircraft trends
2.1.5 Distribution channel trends
2.1.6 Regional trends
Chapter 3 Aerospace Sealants Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Potential customers
3.5 Pricing analysis
3.5.1 Regional pricing (Includes COVID impact)
3.6 Technology landscape
3.7 Regulatory analysis
3.7.1 North America
3.8 Industry best practice and key buying criteria
3.8.1 COVID impact on buying patterns
3.9 Industry impact forces
3.9.1 Growth drivers
18.104.22.168 Proliferating demand for air travel owing to low cost carriers
22.214.171.124 Increasing production and deliveries of aircraft
126.96.36.199 Positive outlook for the MRO industry
3.9.2 Industry pitfall & challenges
188.8.131.52 Stringent regulatory & compliance norms
3.10 Impact of COVID-19
3.10.1 Aerospace & Defense
3.11 Growth potential analysis, 2019
3.12 Porter’s analysis
3.13 Competitive landscape
3.13.1 Company performance analysis
3.13.2 Strategy dashboard
3.13.3 Key stakeholders
3.14 PESTLE analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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