The report "Aerospace Interior Adhesive Market by Resin Type (Epoxy, Cyanoacrylate, Acrylic, PU), Product Type (IFE, Seating, Stowage Bins, Galley, Panels), Aircraft Type (Single Aisle, Regional Jets, Small, Medium, Large Wide Body) - Global Forecast to 2021", The global aerospace interior adhesives market is estimated at USD 848.9 Million in 2016 and is projected to reach USD 1,101.7 Million by 2021, at a CAGR of 5.35% between 2016 and 2021. The market is driven by growing demand for low cost carriers and the replacement of older aircraft with new advanced aircraft, which are lightweight and provide fuel efficiency.
North America is estimated to be the largest consumer of aerospace interior adhesives. The region accounted for a share of more than 30% of the market, in terms of volume, in 2015. The aerospace industry in North America provides various growth opportunities for the aerospace interior adhesives market. The U.S., Canada, and Mexico are countries considered in the North American region. The U.S. dominated the market in North America and globally. The market in Mexico is expected to witness significant growth during the forecast period.
Polyurethane is manufactured from various raw materials, such as, solvents, pigments, additives, and resins. The major manufacturers of aeropsace interior adhesive are Henkel AG & Co. KGaA (Germany), Huntsman Corporation (U.S), Avery Dennison (U.S.), Arkema S.A. (France), Solvay S.A. (Belgium), Hexcel Corporation (U.S.), 3M Company (U.S.), Delo Industrial Adhesives (Germany), Master Bond Inc.(U.S.), and Permabond LLC (U.K.).
