Selbyville, Delaware According to the research report titled ‘Aerospace Sealants Market Size By Chemistry By Application, By Aircraft, By Distribution Channel, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026‘, available with Market Study Report LLC, global aerospace sealants market is anticipated to register notable gains during 2020-2026.

Increasing demand for air travel due to widespread availability of low-cost carriers, rising production and deliveries of aircrafts, and rapid developments in maintenance, repair and operational activities are the major factors driving the global aerospace sealants market. However, strict regulatory and compliance norms are likely to hamper the industry growth.

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2696881/?utm_source=Marketwatch.com&utm_medium=AN  

Based on chemistry type, global aerospace sealants market is segmented into fluorosilicones, silicones, polyacrylates, polysulfide, polyurethanes, and others. Among these, the silicone segment captured 19% market share in 2019 mainly due to its excellent durability, good aesthetics & versatility as compared to organic sealants. Whereas, the polyurethane segment is likely to grow with a CAGR of 5.1% during 2020- 2026 and is predicted to reach a valuation of USD 7 million by the end of the forecast period.

With respect to application spectrum, global aerospace sealants industry is segmented into airframe, fuel tank, fight line repair, fuselage, aircraft windshield and canopy, and others. Among these, aircraft windshield and canopy application segment were valued at USD 650 million in 2019 and is expected to grow with a CAGR of 2.5% during through 2026.

In terms of aircraft type, the market is fragmented into regional, helicopter, commercial, business, and military. The commercial segment is further classified into narrow-body and wide body aircrafts and is expected to witness significant growth in coming years, mainly due to emergence of low-cost carriers as well as availability of better network of routes.

In fact, global aerospace sealants industry size from wide-body aircrafts segment is likely to showcase a y-o-y growth rate of 4.5% between 2020 and 2026, owing to high demand for foreign air travelers, rapid globalization and increasing international trade activities.

With respect to distribution channel, global aerospace sealants market is segmented into OEM, and aftermarket. The aftermarket segment is further split into operator/airline in house, airline third party, & independent. The report states that the aftermarket segment is poised to capture 55% of the market share during the projected timeframe.

From a regional frame of reference, Europe aerospace sealants market accounted for USD 200 million in 2019, and is expected to generate revenues worth USD 218 million by 2026. Meanwhile, Latin America industry is expected to gain high revenues in the upcoming years, owing to growing demand of low-cost carriers across the region.

Major players influencing global aerospace sealants market trends are Flamemaster Corporation, 3M Company, Anabond Limited, Dow Silicones Corporation (Dow Corning), Royal Adhesives & Sealants LLC, Permatex, Inc., Master Bond Inc., Chemetall GmbH, Cytec Industries Inc., PPG Industries Inc., and Henkel AG & Co. KGaA.

Question & Answer: Global Aerospace Sealants Market

Question 1: What are the key factors driving the growth of global aerospace sealants market?

Answer: Increasing demand for air travel due to widespread availability of low-cost carriers, rising production and deliveries of aircrafts, and rapid developments in maintenance, repair and operational activities are the major factors driving the global aerospace sealants market.

Question 2: Why is global aerospace sealants market from commercial aircraft segment witnessing constant expansion?

 Answer: Emergence of low-cost carriers as well as availability of better network of routes is boosting the commercial segment in global aerospace sealants market.

Question 3: Which companies formulate the competitive landscape of global aerospace sealants market?

Answer: Flamemaster Corporation, 3M Company, Anabond Limited, Dow Silicones Corporation (Dow Corning), Royal Adhesives & Sealants LLC, Permatex, Inc., Master Bond Inc., Chemetall GmbH, Cytec Industries Inc., PPG Industries Inc., and Henkel AG & Co. KGaA are the major companies in global aerospace sealants market

Complete Report At: https://www.marketstudyreport.com/reports/aerospace-sealants-market?utm_source=Marketwatch.com&utm_medium=AN

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

Leave a comment

Your email address will not be published. Required fields are marked *