Aerospace Coatings Market to reach at 5.4% CAGR by 2024: Key Players Involved: AkzoNobel, BASF, Mankiewicz, Argosy International Inc., PPG Industries, IHI, International Aerospace Coatings, BryCoat Inc

Polyurethane resins will account for over 55% revenue share in the Aerospace Coatings Market over the forecast timeframe. High preference towards this resin can be attributed to its advantages such as high resistance to the UV rays and other damages including staining, chemicals, and abrasion. Extensive usage of these resins in new generation aircrafts such as Boeing 787 will further support the segment’s dominance.

Aerospace Coatings Market size is estimated to surpass USD 1 billion by 2024. Global aerospace coatings market size is expected to cross 16 kilo tons till 2024. High usage of these coatings in various aircrafts such as military, space, and commercial will primarily drive the industry over the forecast timeframe. Frequent rising air passenger traffic across the globe has led to increased deliveries of aircrafts, further positively influencing the industry demand.

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Exterior application will account for over USD 890 million by 2024 owing to high usage of aerospace coatings in exterior aircraft structural applications. Usage of coatings provides protection to the aircraft exteriors against cracking, erosion, and deterioration. Aerospace coatings market from interior applications will exhibit approximately 7% CAGR owing to rising usage of coatings for functional and decorative purposes. They are used for painting and upgrading the cabin interiors.

North America is expected to cross USD 350 million during the forecast period. Presence of multiple established manufacturers and introduction of new generation aircrafts including Boeing 787, Boeing 737 MAX, Airbus A350, etc. are primary influencing the product penetration across the region.

Asia Pacific aerospace coatings market size is anticipated to exhibit over 7% CAGR from 2017 to 2024. This can be attributed to rising cargo and passenger traffic along with increasing international trade in emerging economies including India and China. Improving aviation infrastructure in the region will further support the region’s growth.

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PPG Industries, Mankiewicz Gebr. & Co., Akzonobel, BASF SE, The Sherwin-Williams Company, Hentzen Coatings, and Mapaero are among the noticeable players in the aerospace coatings market share. Other prominent players include Brycoat.Inc, Zodiac Aerospace, Argosy International, Cheaerospacel, International Aerospace Coatings Holdings, and NVSC Speciality Coatings. Industry players are focusing on making huge investments for developing technologically advanced products. For instance, Akzonobel invests substantially in R&D to produce chromate free products that provide maximum protection and better service life.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1. Aerospace coatings 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Resin trends
2.1.3. Technology trends
2.1.4. User trends
2.1.5. Aircraft trends
2.1.6. Application trends
2.1.7. Regional trends

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Chapter 3. Aerospace Coatings Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Product portfolio
3.3.5.3. Global presence
3.4. Pricing trends by region
3.4.1. North America
3.4.2. Europe
3.4.3. LATAM
3.4.4. APAC
3.4.5. MEA
3.4.6. Cost structure analysis
3.5. Technology landscape
3.6. Regulatory landscape
3.6.1. North America
3.6.2. Europe
3.6.3. LATAM
3.6.4. APAC
3.6.5. MEA
3.7. Industry best practices & key buying criteria
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. North America
3.8.1.2. Europe
3.8.1.3. LATAM
3.8.1.4. APAC
3.8.1.5. MEA
3.8.2. Industry pitfalls & challenges
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.11. Porter’s analysis
3.12. Competitive landscape, 2016
3.12.1. Vendor Matrix
3.12.2. Strategic dashboard
3.13. PESTLE analysis

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