Back to news

October 29, 2018 | International, Aerospace

Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth

LONDON, Oct. 29, 2018 /CNW/ -- 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.

For further information on this analysis, please visit http://frost.ly/2vs

Merger and acquisition activities are expected to continue, with global companies acquiring small manufacturers to access their products, technical competences, distribution channels, and customer bases. To gain a competitive advantage, Thomas recommends manufacturers invest in developing adhesive formulations that are superior in properties such as durability and UV resistance and compatible with multiple substrates while exhibiting reduced overall weight after application.

Key trends creating growth opportunities in the market include:

  • A boost in unmanned aerial vehicle demand in commercial, defence, and general aviation segments due to decreased technology costs
  • High demand for adhesives and coatings in the defence and aerospace segments in the Asia-Pacific and Rest of World countries with increased investments in domestic manufacturing and operations
  • Customer demands for newer, high-performance adhesives and coatings
  • Growth in defense spending in the aerospace sector due to changing global economic conditions
  • Growing demand for adhesive and coatings formulations that are compatible with robotic applications
  • Replacement of traditionally used heavy fasteners with lighter-weight adhesives

"Programs such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the European Union, US Environmental Protection Agency (EPA), and Federal Aviation Administration (FAA) are expected to increase the research and development and transaction costs that businesses incur when developing and distributing new types of chemical compounds," noted Thomas. "In addition, extensive testing, verification, and approval cycles delay product launches, resulting in significant time and costs for material suppliers."

Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Percent unit shipment forecast by technology, application, chemistry, and end-industry for Europe, North America, Asia-Pacific and Rest of World are also provided.

Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

https://www.newswire.ca/news-releases/demand-for-new-and-refurbished-aircraft-and-need-for-lightweighting-materials-fuel-aerospace-adhesives-and-coatings-sector-growth-698876461.html

On the same subject

  • Seven questions with the US Army's counter-drone boss

    October 7, 2022 | International, Aerospace, C4ISR

    Seven questions with the US Army's counter-drone boss

    Maj. Gen. Sean Gainey spoke with C4ISRNET about what it takes to protect American interests against drone warfare.

  • French defense industry plays catch-up as lockdown partially lifts

    May 22, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

    French defense industry plays catch-up as lockdown partially lifts

    By: Christina Mackenzie PARIS — As France slowly emerges from an almost complete industry shutdown imposed March 16 in response to the COVID-19 pandemic, defense company executives are considering their next steps. Stephane Mayer, Eric Trappier and Herve Guillou — respectively presidents of the groups of French industries for land and air-land (GICAT), air and space (GIFAS), and naval (GICAN) systems — were witnesses at an April 23 hearing by the National Assembly's Defence Committee. They said that despite the partial return of employees to work, the supply chain is still experiencing problems. The three industry leaders explained that following discussions with unions and the implementation of modifications in the workplace that enable employees to work while maintaining a distance of at least 1 meter between each other, about 30 percent of the workforce on production sites was back by April 23. Those able to work from home are doing so, they added. More employees returned to work on May 11 when the lockdown was eased, but personnel who can continue to work from home are being urged to do, they said. Meanwhile, shifts are being modified to ensure workers don't arrive and leave at the same time, they added. However, all three agreed that the supply chain had been interrupted, most notably in the aeronautical sector because of its dual military-civilian role and the near-total halt in air traffic, which negatively affected imports. They explained that during the lockdown, defense industry leaders and the French procurement office DGA jointly set out priorities for programs and established what activities must be maintained to ensure the military continues its missions within France and in foreign theaters. How are exports performing? All three were also unanimous in their analysis that the French defense sector could take a hit in the export market, noting that German companies never completely stopped their activities; China was quick to reconnect with potential export clients; and the American defense sector benefits both from the continuation of much of its production capacity and massive support from the federal government. This was later repeated by Guillou at a video conference organized this week by the Foundation for Strategic Research think tank. “None of us can survive unless we have 50 percent of our order intake from the export market," Guillou said. "Even if the French market returns to normal, we still have that 50 percent export segment to worry about. If we want to remain competitive on the world export market, keeping in mind that the Chinese ramped up before we did, that the Russians, Germans and Dutch never stopped, we will have to restore our competitivity extremely quickly ... to stay in the race and not lose a part of this market forever.” He also stressed that the need to catch up is a major concern of the French defense industry. What about the supply chain? The supply chain in France is largely made up of small and medium-sized enterprises. Eric Beranger, CEO of European missile-maker MBDA, told French Armed Forces Minister Florence Parly on May 6 that some of the 1,200 French suppliers that work for the company are now very fragile due to the developing economic crisis. Guillou remarked during the video conference that the “terrific solidarity” among the supply chain and subcontractors, as well the prime contractors in the naval sector, is something he'd never come across in his 40-year career. But he added that the small and medium-sized enterprises serving the aeronautical sector are suffering more. The Armed Forces Ministry began slowly ramping up on May 7 based on two principles: preserving the health of staff and their families (all personnel, civilian or military, have been given masks, which must be worn by those who work in confined spaces such as workshops, restaurants or vehicles); and continuing with the ministry's essential mission. This includes programs meant to keep fielded weapons and equipment in operational condition, but it also concerns the delivery of new materials. “The reversibility of the procedures means that were the epidemic to break-out again within the ministry we would be able to handle it,” a May 7 ministry statement said. https://www.defensenews.com/industry/2020/05/21/french-defense-industry-plays-catch-up-as-lockdown-partially-lifts/

  • QinetiQ signs new contract with the Royal Navy to optimise gunnery training

    June 27, 2019 | International, Naval

    QinetiQ signs new contract with the Royal Navy to optimise gunnery training

    QinetiQ has signed a new 5 year contract with the Royal Navy that will see the introduction of a dedicated training variant of QinetiQ's Pointer system to optimise the effectiveness of Anti-Surface Warfare training on a wide range of weapon systems. Developed in partnership with the MOD's Defence Science and Technology Laboratory (DSTL), the Pointer data analytics and measurement system provides an effective link between the Command and Control function and weapon operators to counter threats from Fast In-shore Attack Craft (FIAC). The adoption of Pointer T in Flag Officer Sea Training (FOST) exercises for the Royal Navy will improve situational awareness and performance evaluation on a range of platforms, while also providing immediate and objective training assurance for all non-firing FP serials. Featuring a weapon-mounted Laser Range Finder, Pointer T uses encoders to establish the precise position and attitude of weapon systems as well as the location of GPS-tracked threats and determines the nature and impact of ‘hits'. This data is recorded and displayed in real-time on a portable situational awareness tool, providing trainers with accurate and measurable performance data to maximise the effectiveness of training exercises. “The introduction of Pointer T will provide invaluable feedback and data analytics for FOST trainers while also helping to engage and motivate gunnery teams,” says QinetiQ's Stuart Hider, Maritime Programmes Director. “Countering the current and emerging threats of piracy, terrorist attack and threats from more capable nations, is vital for all platforms, and this advanced training solution will not only improve situational awareness but also help to determine the most effective tactics to employ for any given threat.” “We're delighted to be working with QinetiQ to ensure our FIAC training benefits from the most advanced data analytics and measurement technologies,” says Lt Cdr Richard Dobson, Royal Navy Surface Warfare trainer. “Pointer T will provide us with a highly responsive and cost-effective system to optimise our training capabilities and performance in FP training against small boats and SWARM (coordinated multi FIAC) serials.” https://www.qinetiq.com/News/2019/06/QinetiQ-signs-new-contract-with-the-Royal-Navy-to-optimise-gunnery-training

All news