Press release
Global Aerospace & Defense Coatings Market to Reach US$ 1,097.8 million in 2022
This report, from Stratview Research, studies the aerospace and defense coatings market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
Click here to read the detailed description and TOC: https://www.stratviewresearch.com/toc/252/aerospace-and-defense-coatings-market.html
The Global Aerospace & Defense Coatings Market: Highlights
The global aerospace & defense coatings market is projected to grow at a healthy CAGR of 6.0% over the next five years to reach US$ 1,097.8 million in 2022. Increasing deliveries of commercial and regional aircraft; increasing mergers and acquisition and re-branding activities in the global airline industry; high need for coatings with an excellent durability and longer maintenance cycle; stringent government emission regulations, such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and Euro Zone Crisis 2012; rising demand for eco-friendly coats; and innovations in coating products are the major driving forces of the global aerospace & defense coatings market.
The global aerospace & defense coatings market is segmented based on resin type as epoxy, polyurethane, and others. Polyurethane is projected to remain the largest resin type in the aerospace and defense coating market during the forecast period of 2017-2022. This coating type is also likely to witness the highest growth during the same period. Abrasion resistance, chemical resistance, protection against UV rays, good wet look, and excellent adhesion to substrates at a relatively low cost are the key features that have escalated the demand for polyurethane coatings in the aerospace & defense industry. Furthermore, regulations for the reduction of volatile organic compounds (VOCs) and requirements for chrome-free inhibitors creates an additional demand for this coating type in the aerospace & defense industry.
The global aerospace & defense coatings market is further segmented based on aircraft type as commercial aircraft, military aircraft, and general aviation. Commercial aircraft has been the largest segment and is forecasted to remain the largest segment over the next five years as well. The segment is also likely to witness the highest growth during the forecast period, driven by increasing production rate of major commercial aircraft, such as B737, A320 family, A350XWB, and B737; expected entry of upcoming aircraft, such as Comac C919; rising aircraft fleet; and higher M&A and re-branding activities in the airline industry.
The global aerospace & defense coatings market is also segmented based on technology type as liquid coatings and powder coatings. Liquid coating is projected to remain the largest technology type in the aerospace & defense coatings market during the forecast period, propelled by their better coverage, better metal protection, corrosion resistance, and an excellent smooth surface finish. Within liquid coatings, solvent-based coating is the most dominant technology whereas water-based coating is the fastest-growing technology because of its environmentally friendly nature.
Both OEM and MRO are expected to experience healthy growth rates in the aerospace & defense coatings market during the forecast period. Increasing aircraft production and increasing merger and acquisitions and re-branding activities are driving both segments.
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Asia-Pacific is expected to remain the largest and the fastest-growing market for coatings in aerospace and defense industry during the forecast period. Increasing passenger traffic in Asia-Pacific region, primarily in China and India, is driving the commercial aerospace industry. This would lead to the highest demand for coatings in the region. Additionally, the upcoming indigenous commercial and regional aircraft, such as Comac C919 and Mitsubishi MRJ is also pushing the demand for coatings in Asia-Pacific region.
PPG Industries, Inc, Akzo Nobel N.V., The Sherwin-Williams Company, Mankiewicz Gebr. & Co., BASF SE, Hentzen Coatings, Henkel AG & Company KGaA, Hohman Plating & Manufacturing, and IHI Ionbond AG. are the key players in the aerospace & defense coatings market. Long-term contracts and new product development are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market Trend and Forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The aerospace & defense coatings market is segmented into the following categories.
Global Aerospace & Defense Coating Market by Resin Type:
• Epoxy Coatings (Regional Analysis: NA, Europe, APAC, and RoW)
• Polyurethane Coatings (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace & Defense Coatings Market by Aircraft Type:
• Commercial Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• Military Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
• General Aviation (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace & Defense Coatings Market by Technology Type:
• Liquid Coatings (Regional Analysis: NA, Europe, APAC, and RoW) (Product Analysis: Solvent-based and Water-based)
• Powder Coatings (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace & Defense Coating Market by Application Type:
• External (Regional Analysis: NA, Europe, APAC, and RoW)
• Internal (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace & Defense Coatings Market by End-User Type:
• OEM (Regional Analysis: NA, Europe, APAC, and RoW)
• MRO (Regional Analysis: NA, Europe, APAC, and RoW)
Global Aerospace & Defense Coatings Market by Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the world (Country Analysis: Middle East, Latin America, and Others)
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Category: Advanced Material
https://www.stratviewresearch.com/252/aerospace-and-defense-coatings-market.html
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life
Stratview Research
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Email :- sales@stratviewresearch.com
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