Market Size of Aerospace Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aerospace Adhesives Market Analysis
The market for aerospace adhesives is expected to register a CAGR of more than 4.5% during the forecast period.
- In 2020, the demand for aerospace adhesives declined due to the COVID-19 pandemic. However, the upsurge in aerospace production post-pandemic propelled the market growth.
- Major factors driving the market studied are the increasing penetration of composites in aircraft manufacturing and increasing government spending on defense in the United States. Performance in extremely low temperatures and high vacuum environments is expected to hinder the market's growth.
- The use of combined carbon nanotubes and nano additives with epoxy adhesives will act as an opportunity for the aerospace adhesives market. North America dominates the global market, with the largest consumption from countries like the United States and Canada.
