San Francisco, 20 December 2018, Aerospace Coating Market Size, Share &
Trends Analysis Report By Resin (Epoxy, PU), By Product, By Application
(Exterior, Interior), By End User, By Industry Category, And Segment Forecasts,
2018 - 2025
The global aerospace coatings market size is projected to reach USD 2.48 billion by
2025, according to a new report by Grand View Research, Inc., progressing at a
CAGR of 6.0% during the forecast period. Increasing air passenger traffic is
one of the key factors driving the aviation industry, which translates into
greater demand for aerospace coatings.
Aerospace coatings offer
aesthetic appeal and resistance towards corrosion, chemical, electrical and
erosion. They are designed and formulated to obtain extended aircraft life. The
growth of the aviation industry due to increasing per capita income and rising
air cargo transports is expected to fuel the demand for the product. The demand
for polyurethane resin is anticipated to be high throughout the forecast period
as they hold very low VOC content and are chromate-free in nature.
North America was the largest
market for aerospace coatings in 2017. It is poised to retain its position
through 2025. The region is likely to register a healthy growth rate during the
forecast period, owing to substantial demand from the U.S. Countries in Europe
have been investing in manufacturing of commercial aircrafts, aiming to reduce
imports of aircraft from the U.S. This, in turn, has resulted in considerable
demand for these coatings in countries such as Germany, France, U.K., and
Italy.
Surging demand for air travel
from countries such as China and Japan is estimated to drive the market in Asia
Pacific over the forecast years. Presence of various long airline routes in
Asia Pacific is boosting the demand for aerospace coatings. Several government
initiatives in countries such as encouraging private investments in the
aerospace industry to allow domestic aerospace companies to compete globally
are expected to foster the demand for aerospace coatings in Asia Pacific
Access Full Research
Report On Aerospace Coatings Market Analysis:
www.grandviewresearch.com/industry-analysis/aerospace-coatings-market
www.grandviewresearch.com/industry-analysis/aerospace-coatings-market
Further key findings from the report suggest:
·
In terms of volume, the
polyurethane resin segment is expected to witness steady growth of 5.4% over
the forecast period, owing to increasing demand from commercial aviation OEMs
·
The liquid product segment dominated
the global market in 2017, with a revenue share of 74.1%
·
In terms of volume, the
military end-user segment is projected to witness the highest CAGR of 5.5% from
2018 to 2025
·
There will be a high demand for
aerospace coating from the MRO industry in Asia Pacific, owing to surging
demand in countries such as Singapore, China, and South Korea
·
The exterior application
segment dominated the market, with a revenue share of over 70.0% in 2017, owing
to its increased use in the commercial and military end-user segment
·
The U.S. aerospace coatings
market is anticipated to exceed 9.72 kilotons by 2025, owing to increasing
military spending and higher demand for passenger travel
·
The market has intense
competition among key players owing to the fact that the products offered by
manufacturers have low differentiation
·
Some of the key companies
present in the market are AkzoNobel N.V; PPG Industries, Inc.;
Sherwin-Williams; Hentzen Coatings, Inc.; and Mankiewicz Gebr. & Co; Axalta
Coating Systems Ltd; Saint-Gobain S.A; Henkel Corporation; IHI Ionbond AG;
Zircotec Ltd; LORD Corporation; AHC Oberflächentechnik; BryCoat Inc.; and NV
Specialty Coatings.
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Grand View Research At: www.grandviewresearch.com/industry-analysis/aerospace-coatings-market
Grand View Research has segmented the
global aerospace coatings market on the basis of resin, product, end user,
industry category, application, and region.
Resin Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Epoxy
·
Polyurethane
·
Others
Product Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Liquid
·
Powder
End User Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Commercial
·
Military
·
Others
Industry Category Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
OEM
·
MRO
Application Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
·
Exterior
·
Interior
Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-aerospace-coatings-market
www.grandviewresearch.com/press-release/global-aerospace-coatings-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
