Thursday, December 10, 2015

Market Leader - Aerospace Adhesives & Sealants Market

The Aerospace Adhesives Market is dominated by respective global players along with the presence of few regional players in the key growth markets. The Asia-Pacific region is the largest market, followed by Western Europe in the global aerospace adhesives industry.

Sample PDF of Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=218715849


Aerospace Adhesives Market Size, by Region, 2013 (Kilotons)

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.) and they are the most active and major players in the aerospace adhesives market.

New product launch was the key strategy adopted by industry players in order to achieve growth in the aerospace adhesives market. This strategy accounted for a share of 65% of all growth strategies adopted by market players. The moderate demand for aerospace adhesives as well as the increasing demand for the commercial aircrafts in the aerospace industry has encouraged companies to adopt this strategy. Market players are focusing on entering new markets by acquiring companies thus, enhancing their aerospace adhesive product portfolio for different applications. 3M (U.S.), Cytec Industries Inc. (U.S.), Henkel AG & Company (Germany), Hexcel Corporation (U.S.), Huntsman Corporation (U.S.) and Master Bond (U.S.) are some of the leading market players that adopted this strategy in order to develop their business.

Besides new product launches, companies adopted the strategy of mergers and acquisitions, and agreements, partnerships, collaborations, and joint ventures in order to expand their market share and distribution network. These strategies also accounted for a share of 13% each of the total number of growth strategies adopted by players in the aerospace adhesives market between 2010 and 2014.

Huntsman Advanced Materials Americas LLC launched three new products to their benzoxazine resin product line and an innovative high-temperature epoxy adhesive at Composites and Advanced Materials Expo at Orlando. The new products had high modulus, excellent corrosion and chemical resistance as well as the ability to perform under humid condition and at high temperatures over extended periods which eliminates the need for the autoclave or oven curing. This new epoxy adhesive Epibond 300 A/B had the ability to combine 204CF (400°F) performance with the high lap shear and compressive strength for the aerospace and general industrial applications which use composites, metals and dissimilar substrates.

Huntsman Advanced Materials LLC launched Epibond 200 A/B which is an epoxy adhesive and a versatile system for the composites, bonding metals and dissimilar substrates. This new product has a mix ratio of 1:1 for resin: hardener and a gel time of 100 minutes at the room temperature. This new product launch enabled the company to provide long lasting composite components for the structural and interior applications to their aerospace customers.

3M expanded their VHB Tape RPXX series. This new product range included five different calipers with both the paper and filmic liner variants. These products are available for purchase from Ellsworth Adhesives Europe which stocks and sells a broad range of 3M products such as Poly-Gun, Jet-Melt, Scotch Grip, 3M Tapes, Scotch Weld, etc. 3M products are used for various applications such as adhesive, tape, sealant, lubricant, surface preparation specialty chemicals, dispensing equipment etc. which are used in aerospace, general assembly, furniture and various other end-user industries.

Henkel launched their innovative epoxy-based surfacing film for the composites which offered the enhanced protection against lightning strike. The new product Loctite EA 9845 LC Aero was based on modified epoxy film adhesive Loctite EA 9845 SF Aero and produced an enhanced quality finished part and also enabled a 30 percent weight saving.

The market strategies by the leading players will increase their market share, thereby enhancing their global presence in the aerospace adhesives industry.

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