Aircraft Fastener Coatings Market is Likely to be Worth $1.2 Billion in 2023, Cadmium Coating to Remain the Most Dominant Segment, Says a New Report From Stratview Research
DETROIT, August 30, 2018 /PRNewswire/ --
Stratview Research announces the launch of a new market research report on Aircraft Fastener Coatings Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), by Application Type (Engine, Aerostructures, Interiors, and Others), by Coating Type (Cadmium Coating, Dry Lubricant, Silver Coating, Aluminium Coating, and Others), by Process Type (Spray Coating, Dip Coating, Electroplating, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
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This market report, from Stratview Research, studies the aircraft fastener coatings market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Aircraft Fastener Coatings Market: Highlights
As per Stratview Research, the global aircraft fastener coatings market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,182.0 million in 2023. Organic growth of the aircraft industry is the primary driver of the sustainable demand for fastener coatings. Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. Growing aircraft fleet size is another factor elevating the demand for fastener and coating materials for them. However, growing usage of composites in next-generation aircraft is demanding adhesives and special bonding techniques, which are substitutes of fasteners, thereby lowering the demand of fasteners and hence the coatings.
Commercial aircraft is likely to remain the largest aircraft type in the global aircraft fastener coatings market during the forecast period. The aircraft type is also likely to witness the highest growth during the same period. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; upcoming aircraft programs or introduction of variants of existing programs, such as B737max and COMAC C919; and rising commercial aircraft fleet are the major factors that are driving the demand for fastener coatings in the segment.
Coating material for fasteners is largely dependent on their materials and applications where it is used. Cadmium coating is likely to remain the most dominant segment of the aircraft fastener coatings market over the next five years. Cadmium coating is only permitted for some applications in aircraft and for some other industries, but it is severely restricted in many countries. Cadmium offers a wide array of advantages including high corrosion resistance, good conductivity for EMI shielding, electrical bonding and lightning strike protection, and inherent lubricity that reduces galling. Dry lubricant, another considerable segment, is likely to witness an impressive growth rate in the market during the same period, driven by a host of factors, such as excellent ability to work in extreme temperatures, good thermal break down, and reduction of friction between surfaces in the extreme environment.
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Based on the application type, aerostructure is projected to maintain its dominance in the market over the next five years. Manufacturing and assembly of aerostructure parts alone require millions of fasteners. There is a need for coatings on these fasteners to protect them from the external environment and to retain their strength for the long run. Different applications require different coating types for fastener depending upon the performance requirement. For instance, engine application requires coating on fasteners that can withstand harsh environmental conditions at elevated temperature.
North America is projected to remain the largest market during the forecast period. The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, distributors, fastener manufacturers, and airline companies. However, Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
Key aircraft fastener coating manufacturers are Arconic Corporation, Curtiss-Wright Corporation (E/M Coating Services), Endura Coatings LLC, Innovative Coatings Technology Corp. (INCOTEC), Lisi Aerospace, PPG Aerospace, Precision Castparts Corporation, and TIODIZE Co., Inc.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors
This report studies fastener coatings market in the global aircraft industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
Aircraft Fastener Coatings Market, By Aircraft Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fastener Coatings Market, By Application Type
- Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aerostructures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fastener Coatings Market, By Coating Type
- Cadmium Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dry Lubricant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Silver Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aluminum Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fastener Coatings Market, By Process Type
- Spray Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dip Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electroplating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fastener Coatings Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
Related market report in the aerospace & defense industry:
Global Aerospace & Defense Coatings Market by Resin Type, by Aircraft Type, by Technology Type, by End-User Type, by Application Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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