27-Apr-2022 | Zion Market Research
The Aerospace Coatings Market was worth around USD 1859.5 million in 2021 and is estimated to grow to about USD 2652.70213 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.1 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
Aerospace coatings refer to materials that are applied to the surface of an aerospace vehicle or component to form a decorative, protective, or functional solid film, or the solid film itself at a facility that produces, reworks, or repairs in any amount any commercial, civil, or military aerospace vehicle or component. The coatings are designed in such a way that the fluctuations in temperature and air pressure can be covered. Aerospace coatings offer high resistance against corrosion, ultraviolet rays, fog, and other hostile weather conditions. Along with providing high protection, it also reduces the weight of aircraft and thus helps reduce carbon dioxide emissions. Aerospace coatings also allow these machines to achieve faster speeds and greater fuel efficiency while withstanding hard conditions.
The demand for Aerospace coatings has increased in 2021 with the growth in the aviation industry in recent times. The aerospace coatings market is mainly driven by rising demand for aerospace coatings from various end-users, such as commercial aviation, general aviation, and military aviation. Rapid urbanization and economic developments have resulted in increased aircraft production and strategic sales in various economies which have eventually resulted in the higher consumption of aerospace coatings. The substantial growth of the aerospace coatings industry is significantly influenced by the scenario for aviation production and the growing fleet size.
Aerospace Coatings Market is segregated based on resin type, technology, user type, end-user, application, and product type. Based on resin type, the global market is distinguished into Polyurethanes, Epoxy, and Others (Silicone, Polyester, and Acrylic). Based on technology, the global market is segregated into Liquid Coating-based, Solvent-based, Water-based, Powder Coating-based, and Others. Based on user type, the global market is distinguished into MRO and OEM. Based on end-user, the global market is bifurcated into Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters, and Others. Based on application, the global market is segregated into Exterior and Interior. Based on product type, the global market is distinguished into Top-coat, Primer, and Others.
Browse the full “Aerospace Coatings Market By Resin Type (Polyurethanes, Epoxy, and Others (Silicone, Polyester, and Acrylic)), By Technology (Liquid Coating-based, Solvent-based, Water-based, Powder Coating-based, and Others), By User Type (MRO and OEM), By End User (Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters, and Others), By Application (Exterior and Interior), By Product Type (Top-coat, Primer and Others).” Report at https://www.zionmarketresearch.com/report/aerospace-coatings-market
North America dominates the global market. It is estimated to be the largest during the forecast period. Because of growing commercial aviation in countries like the United States and Canada, the consumption of aerospace coatings is increasing in the region. A main contributing factor is that the key manufacturers of aerospace coatings are based in this region. It is followed by Latin America, the Middle East, Africa, Europe, and the Asia Pacific region. Attributing to the positive outlook of the aerospace industry in the APAC region, production, as well as sales of aerospace coatings in these regions, are estimated to grow at a substantial pace during the forecast period. Rapid urbanization in various developing countries has been leading to an increase in air passenger traffic, which in turn has been surging the demand for aircraft and subsequently, that for aerospace coatings. Sweden is another prominent emerging country in the global aerospace coatings market. In terms of value.
Key players functioning in the Aerospace Coatings Market include PPG Industries, AkzoNobel N.V., Mankiewicz Gebr. & Co., Hentzen Coatings, Inc., and Sherwin Williams.
Aerospace Coatings market is segmented as follows:
By Resin Type
By User Type
By Product Type
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