04-Oct-2018 | Zion Market Research
Some of the major players in the global aviation coating market are AkzoNobel N.V., BASF SE, PPG Industries, Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co, Zircotec Ltd., The Sherwin-Williams Company, Zodiac Aerospace, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., Merck Performance Materials, and Mapaero among others. These players are set to power the aviation coating market.
According to the report by Zion Market Research, the global aviation coating market was capitalized at more than USD 1.31 Billion in 2016. The aviation coating market is likely to cross more than USD 1.95 Billion by 2022 and is likely to develop at a CAGR of 6.85% from 2017 to 2022.
Rapidly Growing Urbanization & Industrialization In Emerging Nations Likely To Power The Development Of Global Aviation Coating Market
Rapidly growing urbanization & industrialization in emerging nations is likely to power the development of aviation market, which in return is likely to tower the aviation coating market. On the other hand, regulations limiting VOC (Volatile Organic Compound) emission along with dangerous waste disposal & generation might hinder the development of aviation coating market. Nevertheless, in-progress research for development in aviation coating is likely to bolster the development of aviation coating market in the years to come. Furthermore, increasing demand from the up-and-coming nations for the aviation coating is likely to offer new avenues for aviation coating market in the coming years. Various mergers & acquisitions by major players are also set to power the aviation coating market. For example, in June 2017, Sherwin-Williams concluded the purchase of Valspar, turning out to be the global leader in aviation coating market. In addition to this, in December 2016, AkzoNobel concluded the purchase of BASF’s industrial coatings business, making its positions strong in the aviation coating market.
Browse the full " Aviation Coating (Acrylic, Polyurethane, Epoxy and Other Types) Market by Process (Powder Coating, Liquid Coating, and Other Process) for General Aviation, Commercial Aviation, and Military Aviation: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/aviation-coating-market
Liquid Coating Process To Continue Its Dominance In The Global Aviation Coating Market In The Forecast Period Due To Its Ease Of Application
Some of the major types in aviation coating market are polyurethane, acrylic, and epoxy among other types. Polyurethane offers high flexibility with improved moisture resistance. Hence, polyurethane is the ruling sector owing to different end-user applications. Moreover, epoxy & acrylic are expected to gain huge share in the aviation coating market in foreseeable period. The procedure in aviation coating market comprises liquid coating, powder coating, and another process. Liquid coating is the most well-organized segment in the aviation coating market due to its ease of application and need less machinery in comparison to other process in aviation coating market.
There has been an elevated employment of powder coatings in aerospace & defense sector and high-performance applications have been inadequate. This is majorly owing to rising specification needs, development & test expenses, comparatively low production rates in comparison to commercial applications, and disinclined user acceptance of powders.
The global aviation coating market is segmented as follows:
By End User
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