Aerospace Coatings Market to Rise at 5.80% CAGR, Growing In-service Aircraft Fleet & Soaring Aircraft Demand Augments Growth | TMR

News provided by

Apr 24, 2019, 07:30 ET

ALBANY, New York, April 24, 2019 /PRNewswire/ -- Transparency Market Research (TMR) finds top players in the aerospace coatings market are focusing on research and development activities to widen application scope of aerospace coatings. This will help key players sustain their competitive positions in the aerospace coatings market.

In Feb 2019, PPG Industries, Inc., a key player in the market invested USD 10 million in its coating innovation center.

Some of the prominent players operating in the global aerospace coatings market are Sherwin-Williams Company, Akzo Nobel N.V, Mankiewicz Gebr. & Co and Hentzen Coatings Inc. These players aim to offer products at a competitive price in order to strengthen their market position. This is expected to intensify competition in the aerospace coatings market in the coming years.

As per a report by TMR, the global aerospace coatings market was noted at a valuation of US$1.53 bn in 2016. The market is expected to rise at a steady 5.80% CAGR from 2017 to 2025. Rising at this CAGR, the aerospace coatings market is projected to attain a valuation of US$2.53 bn by 2025.

Request a Sample of Aerospace Coatings Market:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38471

Geographically, North America is anticipated to dominate the global aerospace coatings market in the forecast period. This is due to the significant growth of commercial aviation in countries like the U.S. and Canada. This is augmenting the demand for aerospace coatings in the region. On the basis of resin, the polyurethane segmented is expected to take a lead over others. This is mainly because of their several desirable properties of polyurethane. Some of them are high resistance to abrasion, staining, and chemicals and ability to combat damaging effects of ultraviolet rays.

Use of Volatile Organic Components in Aerospace Coating to Obstruct Growth

The aerospace coatings market is anticipated to rise at a healthy pace during the forecast period. This is mainly because of the increasing area of application for aerospace coating. Aerospace coatings is applied on the exterior and interior surfaces of an aircraft to protect it from corrosion and increase their shelf life. Growing investments in aviation sector, coupled with increasing number of aircraft fleets are the primary drivers of the aerospace coatings market.

Request for Custom Research:

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=38471

Apart from this, rising disposable income in emerging countries coupled with growth in global economy is increasing inclination of passengers towards air travel. In 2017, world economy increased by more than 2.5% and global air traffic increase by 4.5% compared to 2016. Surge in air passenger traffic across the globe has led to increased deliveries of aircrafts, further positively influencing the industry demand.

However, growing environmental concerns regarding use of volatile organic components in manufacturing of aerospace coatings is expected to hamper the growth of the aerospace coatings market. To overcome this, manufacturers are focusing on bio-based epoxy resins and water-based counterparts.

Request for Multiple Chapters on Aerospace Coatings Market:

https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=38471

Innovations in Application of Aerospace Coatings to Boost Prospects

Technological advancements such as nano-technology coating is poised to support the growth of the aerospace coatings market. This technology has ability to triple service life of the aerospace and increases metal durability in the aircraft, thereby offering a substantial push to the aerospace coating market. The regular innovations to reduce the overall manufacturing cost and enhance the product efficiency with the help of technology is expected to fuel the global aerospace coatings market.

The review is based on a report by Transparency Market Research, titled "Aerospace Coatings Market (Resin - Polyurethane, Epoxy, and Acrylics; Technology - Water-based and Solvent-based; User: OEM and MRO; End-User - Commercial & Business Aircraft, Military & Space, and Helicopters) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025."

Request for Discount on This Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=38471

Global aerospace coatings market is segmented into:

Resin

Polyurethane
Epoxy
Acrylics
Others

Technology

Water-based
Solvent-based
Others

User

End User

Commercial & Business Aircraft
Military & Space
Helicopters

Region

North America

U.S.
Canada

Latin America

Brazil
Mexico
Rest of Latin America

Europe

Germany
France
U.K.
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

Browse Chemicals & Materials Market Research Reports

Popular Research Reports by TMR:

Polyurethane (PU) Market - https://www.transparencymarketresearch.com/polyurethane-pu-market.html
Epoxy Resins Market - https://www.transparencymarketresearch.com/epoxy-resins-market.html
Acrylic Surface Coating Market - https://www.transparencymarketresearch.com/acrylic-surface-coating-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: https://www.transparencymarketresearch.com

Research Blog: http://www.europlat.org/

SOURCE Transparency Market Research