Global Aerospace Coatings Market To Grow At 6.37% CAGR To Reach USD 2,839.09 Mn By 2026- Growth Drivers, Restraints, Company Landscape, Challenges, Opportunities And Future Outlook: Proficient Market
Proficient Market announces that it has a new study on “Global Aerospace Coatings Market by Product Type (Polyurethane Aerospace Coatings, Epoxy Aerospace Coatings and Other) and by End-Users/Application (Commercial, Military and Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2014 – 2026″. The 2020 study has 157 pages, 64 tables and 102 figures.
In terms of revenue, Global Aerospace Coatings Market in 2019 stood at USD 1,843.19 million and is expected to reach USD 2,839.09 million by 2026 growing at a CAGR of 6.37% from 2019 to 2026.
Some of the global major players operating in the aerospace coatings market include: Akzo Nobel N.V., Sherwin-Williams Company, PPG Industries Inc., Henkel Corp., Mankiewicz Gebr. & Co., BASF Corp. and Others.
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Drivers for the Global Aerospace Coatings Market: The aerospace coating market is driven by the factors like growing trends of efficient and lighter aircrafts that has led to the adoption of nano coating technology for the aerospace metals and use of environmental friendly products and new technology which is compile with REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulations on VOC (volatile organic compounds). Moreover, aerospace coating market is also driven by the expanding aircraft maintenance, repair and overhaul activities.
Opportunities for the Global Aerospace Coatings Market: Application of UV-cure coatings in military aviation industry is one of the factor that will drive the growth of aerospace coating market in forecast period. Along with that, increase in number of aircraft deliveries is also driving factor of the aerospace coating market. globally
Restrains for the Global Aerospace Coatings Market: The fluctuation in raw material pricing is one of the major factor that is hampering the growth of aerospace coating market. In addition to this, changing stringent environmental regulations is also hampering the growth of aerospace coating market.
Region Wise, Global Aerospace Coatings Market Analysis: North America held the largest share in the market because of highly improved economic conditions, rapid urbanization and increasing spending power of people. Asia Pacific is also having maximum share in the aerospace coating market which is followed by the European countries.
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Global Aerospace Coatings Market: Product analysis
Polyurethane Aerospace Coatings
Epoxy Aerospace Coatings
On the basis of type, Polyurethane Aerospace Coatings accounted for largest share of total revenue generated. Because, polyurethane is used on the upper most layer of the coating which helps in glossiness, color and weathering properties of coating.
Global Aerospace Coatings Market: Application analysis
The demand of Global Aerospace Coatings Market is highest from commercial, due to increase in number of aircrafts due to growth of air passengers and aviation industry, boosting the production level of commercial aircraft.
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Global Aerospace Coatings Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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