The Global Aerospace Coating Market size accounted for over USD 700 million in 2016 and is anticipated to witness a steep rise of USD xx.xx million by 2025 by a CAGR of 7.0% from 2017 to 2025. The positive attitude for the aviation industry followed by rising demand for commercial, military, and general aviation will drive the aerospace coatings market share. Increasing air traffic globally, especially in developing nations has resulted in airlines commercial naval size expansion. Increasing disposable income in developing countries coupled with a boost in the global economy is expanding passenger’s preference for air travel. In 2017, the world economy increased by more than 3.2% and global air traffic increase by 5.4% compared to 2016.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global aerospace coatings market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aerospace coatings market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Segment Insights

By Resin Acumen: According to the count of 2016, epoxy resin demand was over 6.0-kilo tons in aerospace coating market. This demand can be attributed to its application in commercial and military aircraft. Polyurethane resins will reveal an increased growth rate owing to its advantageous factors such as high resistance to staining, abrasion, and chemicals. The regulations related to chrome-free inhibitors and volatile organic compound reduction (VOC) supports the increasing demand for polyurethane in the defense industry.

By Technology Acumen: The solvent-based coatings extensively dominate the aerospace coating market in 2016. The segment market size can be credited to its exclusive performance owing to better coverage, smooth surface finish, and corrosion resistance. The water-based solvent will witness the highest growth stimulated by its environment-friendly nature, uniform finish and better coverage. Powder coating growth is stimulated by its demand for decorative uses.

By User Acumen: OEM dominates the overall aerospace coating market and is expected to maintain its dominance during the forecasted timeframe. Increased aircraft build rates and increasing backlogs for major aircraft manufacturers such as Airbus and Boeing will boost the demand from the OEM sector. Increasing demand for Maintenance Repair and Overhaul (MRO) will show the highest growth rate in terms of consolidation of the aviation industry. Unique & Accession in the aviation industry generates new logos demand thereby propel the demand for the repainting of aircraft. In addition, faster processing time, tremendous colour options and cost-effective services will bear the aerospace coating market demand from MRO during the forecasted timeframe.

By Aircraft Acumen: Production demand for commercial aircraft acquires maximum share followed by military aircraft. Increasing passenger’s traffic for air travel and frequent business trips of middle and high-class managers boosts the demand in the commercial segment. The military aircraft segment was valued with the highest increasing segment by aircraft acumen in 2016. This growth is attributed to its increasing defense revenue to upgrade the aircraft and demand for high-performance products to sustain against explosive conditions during the fight.

By Application Acumen: The research conducted by 2016 report the aerospace coating markets exterior application type crossed more than 10.0-kilo tones globally. This growth can be credited by the need for the substrate to handle extreme weather conditions and exposure to light. Increasing demand for interior applications can be credited to frequent repair & maintenance cycles for better appearance and decorative aspects.

Regional Insights

The global aerospace coatings market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to increase the market size with an increased CAGR by 2025. North America aerospace coatings market size crossed more than 3.0-kilo tones in 2016. The key aircraft manufacturers with new aircraft advancements coupled with industries such as Boeing and by Airbus will support the industry growth.

Global Aerospace Coatings Market Size, Share Analysis by Region 2017

Asia Pacific is expected to dominate the market with increased and highest CAGR coming from China, India, Vietnam, Singapore, and South Korea by 2025. Singapore and Malaysia are the major countries providing huge MRO services to regional and international airlines. Rising commercial aircraft demand and aircraft producer’s inaugurate manufacturing facilities in the region will boost the aerospace coatings market in terms of share from 2018 to 2025. The Middle East and Africa accounted for a considerable share in aerospace coatings market due to the rising number or air travellers in UAE, Saudi Arabia, and other Middle East Countries. In addition, focus on defense spending for capacity expansion and fleet upgradation will propel the product demand across the region.

Global Aerospace Coatings Market Study Objective

1. To forecast the market size of the aerospace coatings market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of aerospace coatings market based region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of aerospace coatings market, such as drivers, restraints, challenges and opportunities.

4. The regional analysis of the aerospace coatings market, to urge the market size of five global major regions, which includes Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the aerospace coatings market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunity for the stakeholder to provide competitive landscape along the global market players.

8. To profile major market player and to analyze their market shares and essential competence comprehensively.

Key Players

The competitive players in the aerospace coating market include Akzo Nobel NV, BASF, Mankiewicz, Argosy International, Heinkel, PPG Industries, Merck Performance Materials, IHI, International Aerospace Coatings Holdings, Asahi and Brycoat.

Global Aerospace Coatings Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.