|Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth|
|Customers are increasingly looking for products that are easier to apply, lighter in weight and regulatory compliant, finds Frost & Sullivan|
Current and evolving growth prospects in the global aerospace adhesives and coatings market look promising over the next six years. Frost & Sullivan’s analysis forecasts the market to reach $1.90 billion by the end of 2024, driven by an increasing need for lighter materials, investment in technically advanced products,evolving regulations, and high-volume demand for new and refurbished aircraft.
“While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant,”said Christeena Thomas, Senior Research Analyst, Chemicals and Materials, EIA at Frost & Sullivan.