Press release
The global aerospace coatings market is poised to grow approximately at 7% CAGR and is estimated to touch USD 1.95 billion by the end of 2022
Aerospace coating is a high performance coating material. It is designed to resist temperature fluctuations and variable air pressure. The Coating may have decorative or functional, purposes of application or both. Some of the most important features of aerospace coating include protection against Intense UV exposure at higher altitudes, temperature fluctuations and corrosion. The growth of global aerospace coatings market will continue to be robust with the need for new technologies and rising demand from the commercial aviation and military aviation. Furthermore, the continued push for lighter substrates also drives innovation in the aerospace coatings market. The global aerospace coatings market is poised to grow approximately at 7% CAGR and is estimated to touch USD 1.95 billion by the end of 2022.
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Key Players:
Akzo Nobel N.V. (Netherlands), Zircotec Ltd. (U.K.), BASF SE (Germany), PPG Industries, Inc. (U.S.), IHI Ionbond AG (Switzerland), The Sherwin-Williams Company (U.S.), Henkel AG & Company KGaA (Germany), Mankiewicz Gebr. & Co. (Germany), BryCoat Inc. (U.S.) and Argosy International Inc. (U.S.) are some of the leading players operating in this market.
Target Audience:
Manufactures
Raw Materials Suppliers
Aftermarket suppliers
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager
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Regional Analysis:
The Asia-Pacific region is estimated to grow at a highest CAGR during the forecast period owing to increasing demand for aerospace coatings in various end-user industries such as commercial and military segments. In addition, China and India are the major market drivers due to rising number of passengers opting air route for travel.
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