Study on Commercial Aerospace Coatings Market by Infinium Global Research is comprehensive presentation of qualitative and quantitative research to identify key trends, growth prospects, drivers, restraints and opportunities in the Global market. The report also deep dives into the sub-segments of Commercial Aerospace Coatings Market by type (epoxy resin, polyurethane resin), application (original equipment manufacturer and maintenance, repair, overhaul) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW. Browse through over 100 tables and figures to get complete view of the global and regional markets of Commercial Aerospace Coatings over the period of 2018 to 2024. This report also provides the existing competitive scenario of some of the key players of the Global Commercial Aerospace Coatings Market which includes company profiling of Akzo Nobel, BASF SE, Hentzen Coatings, IHI Ionbond AG, MankiewiczGebr. & Co., Henkel AG & Co. KGaA, The Sherwin-Williams Company, Zircotec Ltd., PPG Industries, Inc. and Hohman Plating and Manufacturing. According to report the global commercial aerospace coatings market is projected to grow at a CAGR of 6.2% over the forecast period of 2018-2024.
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Positive outlook for aviation industry will fuel the aerospace coatings market
Aerospace coatings are used to cover aircrafts inner and outer surfaces to avoid corrosion and functional properties of the machines. Aerospace coatings offer high resistance against corrosion, solar heat and ultraviolet rays and other adverse weather conditions. Acrylate, epoxy, and polyurethane are the widely used aerospace coatings that is needed to be mixed with special additives and pigments. Fleet expansion activities and increased competition among the global aircraft leaders such as Boeing are the key driving factors escalating the growth of the commercial aerospace coating market. Additionally, upsurge in the air traffic especially in the emerging economies have resulted the expansion of airlines commercial fleet size. On the other hand, the increased demand to reduce downtime of aircraft and extended maintenance cycle has encouraged aerospace coating market to grow globally. Moreover, with the introduction of new aircraft OEM is gaining popularity, which is expected to be the major opportunity for the key players in the Aerospace coating market over the upcoming years. The commercial aerospace coatings industry has experienced significant developments over the recent past, for instance, APV Engineered Coatings Launches VYNGUARD Polycarbonate Anti-Microbial Coating for OEMs. New VYNGUARD Polycarbonate Anti-Microbial Topcoat is precisely formulated to resist film deterioration caused by gram-negative and positive bacteria on coated flexible vinyl and PVC surfaces. Major players in the industry are Akzo Nobel NV, BASF, Mickiewicz, and Argosy International. Hence, industry is consolidated with the companies acquiring nearly 50% of the total aerospace coatings market share.
Rising per capita income of the countries are fueling the growth of the North America aerospace coatings market
In terms of geography, North America is expected to be the major revenue contributor of the aerospace coatings market over the forecast period. With the growth in number of aircraft orders, the demand for aerospace industry is increasing in North America region. However, the rise in disposal income in several countries is expected to drive the aerospace coating market over the upcoming years. Countries from Latin America such as Brazil and Columbia are projected significant advancement in aerospace technology thereby, propelling the demand for aerospace coating worldwide.