What is the future of Aerospace Interior Adhesives Market? Know Covid Impact on Size, Share & Forecasts
June 18, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace Interior Adhesives Market.
It was estimated prior to this unanticipated outbreak that the Aerospace Interior Adhesives Market was likely to witness an impressive CAGR of 5.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aerospace Interior Adhesives Market Segment Insights:
By Resin Type:
Epoxy resin is estimated to register the highest growth during the forecast period, owing to its exceptional mechanical properties.
By Aircraft Type:
Narrow-body aircraft commanded the market; however, wide-body aircraft is estimated to portray the highest growth during the forecast period. Boeing estimated, approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037, in which narrow- and wide-body aircraft would govern the market during the period.
By Application Type:
Panel application holds the largest share of the global aerospace adhesives market and is expected to maintain its dominance during the forecast period. Panels are integral parts of an aircraft design and are extensively used in an aircraft to install various components and parts.
By Region:
North America dominated the global aerospace interior adhesives market as the region is the world’s manufacturing capital of the aircraft industry with the regional presence of several large-to small-sized aircraft manufacturers, tier players, adhesive manufacturers, distributors, and raw material suppliers. Asia-Pacific is estimated to register the highest growth in the coming five years, driven by upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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