What is Aerospace Coatings Market?
The global aerospace coatings market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing number of aircraft production and deliveries worldwide and the rising demand for durable & efficient aviation coatings to reduce the requirement of short-time maintenance are expected to be the major drivers aiding into the growth of the market.
Highlights from Aerospace Coatings Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Aerospace Coatings International (United States), Akzo Nobel N.V. (Netherlands), BASF Corporation (Germany), Dow (United States), Henkel Corporation (Germany), Hentzen Coatings, Inc (United States), Hohman Plating (United States), IHI Ionbond AG (Switzerland), International Aerospace Coatings (United States), Mankiewicz Gebr. & Co. (GmbH & Co. KG) (Germany), PPG Industries, Inc. (United States) and The Sherwin-Williams Company (United States)|
The vendors in this market are majorly focusing on developing new and innovative aerospace coating products to cater to the industry demands in order to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace Coatings market throughout the forecasted period. Aerospace Coatings International (United States), Akzo Nobel N.V. (Netherlands), BASF Corporation (Germany), Dow (United States), Henkel Corporation (Germany), Hentzen Coatings, Inc (United States), Hohman Plating (United States), IHI Ionbond AG (Switzerland), International Aerospace Coatings (United States), Mankiewicz Gebr. & Co. (GmbH & Co. KG) (Germany), PPG Industries, Inc. (United States) and The Sherwin-Williams Company (United States) are some of the key players profiled in the study.
Aerospace Coatings Market Segmentation:
|Application / End User||Exterior and Interior|
|Type||Polyurethane, Epoxy and Others|
|Technology||Fluid-based Coatings,Powder-based Coatings|
On the basis of geography, the market of Aerospace Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Growing Adoption of Eco-Friendly Coatings in Aviation Industry and Rising Innovations in Coating Technologies
Market Growth Drivers:
The Rising Global Aircraft Production & Deliveries and Rising Demand for Durable Aviation Coatings to Reduce the Requirement of Short-time Maintenance
High Cost of Product
Expected Deliveries of More Than 38,000 Commercial Aircraft During the Next 20 Years will Create Huge Opportunities for Market Vendors During the Forecast Period
Key Target Audience
Aircraft OEMs & MRO Players, Aerospace Coating Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Market Leaders & Development Strategies
In May 2019, Henkel acquired US Based 3D Printinmg and Industrial inkjet company . Molecule Corp. provides advanced solutions for 3D printing applications including medical device, aerospace, automotive and a wide variety of consumer goods – as well as industrial inkjet materials, impacting a wide variety of markets. .The acquisition is in line with henkel startegy to strenthen its portfolio through target acquisition.
In June 2019, AkzoNobel and Airbus announced that they have together developed a new chromate-free exterior primer for the aerospace industry which provides users with numerous performance, appearance and application benefits.
Stringent Government Regulations Regarding Emissions such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals)