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Global Aerospace Sealants Market is Projected to Reach 1.7 billion USD by 2024

Author: QYResearch | Publish date: 2018-06-01 | Views: 163
Aerospace sealants are substances curing within a certain period of time, to isolate environment such as isolation of fuel/solvent, insulation, and flexible to play a supporting role in aerospace manufacturing, aerospace maintenance repair, and overhaul (MRO) industry.


There are 3 classes of tank sealant as defined by viscosity. Class B sealant is the paste consistency sealant that is most commonly used in sealing homebuilt aircraft tanks. Class B sealant is designed to be applied using an extrusion gun such as a Semco or Techcon gun or by using a spatula or similar tool, and does not sag or run on vertical surfaces. Class A sealant is a lower viscosity, pourable sealant designed to be applied by brush. Class C sealant is an intermediate viscosity sealant designed for brushing or rolling on faying surfaces. Class C sealants are not common in homebuilt aircraft as their application and cure times are quite long compared to Class A and B sealants.


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Aerospace Sealants are defined by their product compound; there are polysulfide sealants, polythioether sealants, silicone sealants, and other types. Aerospace sealants can be classified as Polysulfide Sealants, Polythioether Sealants, Silicone Sealants and others in terms of material type. Polysulfide Sealants is the major kind of aerospace sealants due to its superior quality and reasonable price. The production of Polythioether Sealants is quite concentrated, with USA, Germany and France as the major producing area. The market of Silicone Sealants is still in its emerging stage, with a global market share of 5.81% in 2017. It is estimated that the market of Silicone Sealants would be expanded with selling price decrease.


In the past several years, the global aerospace sealants market is relatively stable with CAGR of 5.32% from 2013 to 2017. In 2017, the global actual consumption number of aerospace sealants was around 40 K MT.


The largest producers of aerospace sealants in the worldwide are PPG Industries, 3M, Flamemaster, Chemetall, Royal Adhesives & Sealants, AVIC, Henkel and Permatex, which takes a combined share more than 80% in 2017.The largest producing area of aerospace sealants is Europe, especially in Germany and France. USA is also a major producing area of aerospace sealants.


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.


The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


The Global Aerospace Sealants Market Research Report 2017 report released by QYResearch provides a basic overview of the Aerospace Sealants industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Aerospace Sealants industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/103016/global-aerospace-sealants-market

 

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