Aerospace Coating Market Analysis | Size and Demand with Forecast Overview to 2025
Market research future published a raw research report on Global Aerospace Coatings Market that contains the information from 2016 to 2022. The global aerospace coatings market is expected to grow with approximately 7% CAGR from 2016 to 2022.
Market Highlights:
Aerospace coating is a high performance coating material. It is designed to resist temperature fluctuations and variable air pressure. The Coating may have decorative or functional, purposes of application or both. Some of the most important features of aerospace coating include protection against Intense UV exposure at higher altitudes, temperature fluctuations and corrosion.The growth of Aerospace Coatings Market will continue to be robust with the need for new technologies and rising demand from the commercial aviation and military aviation. Furthermore, the continued push for lighter substrates also drives innovation in the aerospace coatings market.
The global aerospace coatings market is poised to grow approximately at 7% CAGR and is estimated to touch USD 1.95 billion by the end of 2022.
Key Players Analysis:
- Akzo Nobel N.V
- Zircotec Ltd
- BASF SE
- PPG Industries
- The Sherwin-Williams Company
- Henkel AG & Company KGaA
- Mankiewicz Gebr. & Co
- BryCoat Inc
- Argosy International
Aerospace Coatings Market Competitive Analysis:
Aerospace coatings market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the aerospace coatings market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate.
As these materials are pricing at higher costs in the current markets and increasing demand for aerospace coatings in commercial aviation and defence sectors will influence the end user products from these sectors. Aerospace coatings market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Industry/ Innovation/ Related News:
August 2015 – PPG Industries Inc. (U.S.), is the global leader in manufacturing and supplying aerospace coatings products, has announced that PPG Industries aerospace coatings have been specified by Turkish Aerospace Industries (TAI) for the initial production of its HURKUS new-generation basic trainer for the Turkish Armed Forces, with the potential for additional aircraft if production is extended. Fifteen aircraft will be painted with DEFT® military polyurethane topcoat and eco-friendly lead- and chromate-free epoxy primer as well as specialty coatings for specific functionality to perform in the HURKUS trainer aircraft’s demanding operating environment. These include high-solids DESOTHANE® HS/CA 8100 abrasion-resistant topcoat, DESOTO® high-temperature epoxy primer and topcoat, DeSoto high-solids integral fuel tank coating, and an antistatic coating.
September 2017 – Akzonobel N.V. (Netherlands) a global provider of fine aerospace coatings, has announced that a new production capacity to manufacture aerospace coatings facility in Dongguan, China, committed to producing aerospace coatings for the North and South Asian aviation market. This new facility will offer improved and faster service to existing, as well as new customers, in this rapidly-growing market.
Regional Analysis of Global Aerospace Coatings Market:
The Asia-Pacific region is estimated to grow at a highest CAGR during the forecast period owing to increasing demand for aerospace coatings in various end-user industries such as commercial and military segments. In addition, China and India are the major market drivers due to rising number of passengers opting air route for travel.
North America has the second largest market share, however it is reaching maturity stage.
The report for Global Aerospace Coatings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Target Audience:
- Manufactures
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager