Investment & expansion was the key strategy adopted by the market players to achieve market growth in the global aerospace adhesive & sealants market. This strategy accounted for the largest share of all the development strategies adopted by the market players to expand their global presence and increase their market share in the aerospace adhesive & sealants market between 2010 and 2016. The current demand in end-use applications such as commercial, military, general aviation, and user such as OEM and MRO are driving the aerospace adhesive & sealants market. Demand from end-use industries has encouraged companies to adopt various growth strategies in the aerospace adhesive & sealants market. Some of the leading aerospace adhesive & sealants manufacturers are 3M (U.S.), Cytec Industries Inc. (U.S.), PPG Industries Inc. (U.S.), Henkel AG & Company (Germany), Huntsman Corporation(U.S.), Beacon Adhesives Inc.(U.S.), Royal Adhesive & Sealants (U.S.), and Hexcel Corporation (U.S.), among others adopted various organic and inorganic growth strategies to improve their business and maintain their market share, globally.
Companies adopted strategies such as investment & expansion, new product launches, merger & acquisition, and partnership, agreements, contracts & joint venture to increase their market share and expand their distribution network, globally. These strategies accounted for a significant share of the total number of growth strategies adopted by players in the global aerospace adhesive & sealants market between 2010 and 2016.
Key companies such as 3M (U.S.), Cytec Industries Inc. (U.S.), PPG Industries Inc. (U.S.), Henkel AG & Company (Germany), Huntsman Corporation (U.S.), Beacon Adhesives Inc.(U.S.), Hexcel Corporation (U.S.), Master Bond (U.S.), Royal Adhesives & Sealants (U.S.), and United Resin Corporation (U.S.), among others are profiled in this report.
Two major players in aerospace adhesive & sealants market are PPG Industries Inc. (U.S.) and Hexcel Corporation (U.S.). They majorly adopted merger & acquisition and investment & expansion as their major strategies for growth.
In October 2015, PPG acquired the aerospace and automotive sealants and adhesives business of Le Joint Français (LJF). The new joint venture is called Sealants Europe SAS. This venture is enabling delivery enhanced service to aerospace customers in the region, greater reach to supply sealants and adhesives, and expanded its automotive products portfolio. PPG aerospace expanded its sealants production capabilities at its ASC in Germany. After expanding, ASC now has full packaging capabilities for PPG sealants and the ability to produce customized sealant solutions products.
Similarly, in January 2016, Hexcel announced that it will expand its global engineered core capacity by building an 117,000-square-foot manufacturing plant in Casablanca, Morocco. The new facility is expected to be fully operational by mid-2017. This development is a part of Hexcel’s ongoing worldwide investment to create a diversified and robust global supply chain to support aerospace customers’ growing demand for engineered core. The Company acquired full ownership of Formax UK Limited. This acquisition helps to grow Hexcels product line and grow its aerospace and industrial businesses.