Aerospace & Defense Coatings Market Worth US$ 1,097.8 million in 2022

Stratview Research has published a new research report on Aerospace & Defense Coatings Market. This extensive 265-page report by Stratview Research analyses the growth of Aerospace & Defense Coatings Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
● by Resin Type (Epoxy Coatings, Polyurethane Coatings, and Others)
● by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)
● by Technology Type (Liquid Coatings, Powder Coatings, and Others)
● by Application Type (External and Internal)
● by End – User Type (OEM and MRO)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing deliveries of commercial and regional aircraft

The 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 aerospace & defense coatings market.

Polyurethane to remain the largest resin

The 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.

Commercial aircraft has been the largest segment

The 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.

Liquid coating to remain the largest technology

The 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 bbecause of its environmentally friendly nature.

Increasing aircraft production

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.

Asia-Pacific to remain the largest market

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.

Top market players

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.

Why Stratview Research

Our 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 on 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:
● Aerospace & Defense Coatings Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2011 – 2016) and forecast analysis (2017-2022) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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This release was published on openPR.