Global Aerospace Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

Aerospace Coatings Market Overview

“The global Aerospace Coatings market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

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 resin type, technology, end-user, and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

The aerospace coating is high-performance coating material. Aircraft are subject to be in high climatic conditions which causes wear & tear on the metal surfaces, resulting in frequent repair and maintenance.

The aerospace coating is designed to resist temperature fluctuation, different air instability, and variable air pressure.

Aerospace coating features include protection versus temperature fluctuations, protection against extreme ultraviolet exposure at greater altitudes, chemicals attack (such as cleaning chemicals, fuel, and hydraulic fluid), corrosion, and humid conditions.

Aerospace coatings offer high resistance against ultraviolet rays, corrosion, fog, and other harsh weather conditions. Along with the high protection, it reduces the weight of aircraft and thus helps to reduce CO2 emissions.

An increasing number of aircraft due to ongoing growth in the aviation industry in emerging markets such as India, and China, is expected to propel the demand for the aerospace coatings market.

Increasing defensive maintenance techniques used in original equipment manufacturers (OEMs) to reduce overall production cost is estimated to drive aerospace coatings market growth over the forecast period.

Increasing demand for aerospace coatings owing to their superior properties and functionality as compared to other products is a major factor driving the global aerospace coatings market growth over the forecast period.

However, fluctuating raw-material prices in developing as well as developed countries is a major factor expected to hamper the growth of the global aerospace coatings market to a certain extent.

The target audience for the global aerospace coatings market includes industry associations, aerospace coatings producers, aerospace coatings traders, aerospace coatings suppliers, aerospace coatings distributors, government and research organizations, industrial, association bodies, raw material suppliers, aerospace coatings distributors, and others.

North America aerospace coatings market is expected to account for the highest share in terms of revenue in 2017 and is anticipated to maintain its dominance over the forecast period, owing to rising demand for aerospace coatings from various sectors such as aerospace exterior and interior coating manufacturing industries in this region.

Asia Pacific aerospace coatings market is also projected to register the fastest growth in terms of revenue in the next five years.

Global Aerospace Coatings Market Segmentation:

Segmentation by resin type:

• Polyurethane
• Epoxy
• Acrylics
• Others

Segmentation by technology:

• Water-based
• Solvent-based
• Liquid-based

Segmentation by end-user:

• Commercial & Business Aircraft
• Military & Space
• Helicopters

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa