What is Military Aerospace Coatings?
Military aerospace coating involves the coating applied to the aircraft for high corrosion resistance, temperature resistance and air pressure management. The aerospace coating provides high protection to the aircraft. It also helps to reduce the weight of the aircraft and reduces CO2 emission. The increased military budgets of the Asia Pacific countries like China and India create more opportunities in the military aerospace coating industry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | PPG Industries, Inc (United States), AkzoNobel N.V (Netherland), Sherwin-Williams Company (United States), Hentzen Coatings, Inc (United States), Mapaero Coating (United States), Creative Coatings Co. (United States), Cloverdale Paint Inc. (Canada), Mankiewicz Gebr. & Co. (Germany), Qioptiq (United Kingdom) and 3Chem, LLC (United States) |
CAGR | 5.5% |
Global Military Aerospace Coatings is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG Industries, Inc (United States), AkzoNobel N.V (Netherland), Sherwin-Williams Company (United States), Hentzen Coatings, Inc (United States), Mapaero Coating (United States), Creative Coatings Co. (United States), Cloverdale Paint Inc. (Canada), Mankiewicz Gebr. & Co. (Germany), Qioptiq (United Kingdom) and 3Chem, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are International Aerospace Coatings (United States), Zircotec Ltd. (England), AHC Oberflachentechnik GmbH (Germany), Argosy International (United States) and Brycoat Inc. (United States).
The market study is broken down, by Application (Interior and Exterior) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Military Aerospace Coatings market by Type, Application and Region.
On the basis of geography, the market of Military 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). North America region held largest market share in the year 2021. If we see Market by User, the sub-segment i.e. Original Equipment Manufacturer will boost the Military Aerospace Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Solvent-Based Coating will boost the Military Aerospace Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 11th January 2022, Sherwin-Williams Company launched its Aircraft Color Visualizer platform. It is an online design tool for the business and general aviation community which enables customers to try multiple color combinations for their aircraft.
Market Trend
- Demand for Chrome-Free and Nano Coating Technologies
- Trend for Environment-Friendly Coating Materials
Market Drivers
- Rising the Military Aircraft Production
- Investments in the Defense Sector
Opportunities
- Growing Aircraft Industry Worldwide
- Increasing Demand from Developed and Developing Countries
Restraints
- Uncertainties in the Raw Material Prices
Challenges
- Challenge To Meet International Safety and Quality Standards without Increasing Cost
- Increased Aircraft Accidents
Key Target Audience
Military Aerospace Coatings Manufacturers, Military Aerospace Coatings Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.