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Aerospace Coatings Market by Regional Outlook, key players AkzoNobel, PPG Industries, Argosy International Inc, Sherwin-Williams, BASF, Zodiac Aerospace, Henkel, International Aerospace Coatings, Mapaero

03-13-2019 07:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Aerospace Industry
Aerospace Coatings Market by Regional Outlook, key players

Aerospace coatings market has been forecast to surpass a revenue collection of USD 1 billion by the end of 2024, owing to the surging use of coatings in commercial, military, and space aircrafts. The rise in international trading opportunities have further had a significant impact on the growing requirement of commercial aircrafts.

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The product segment of aerospace coatings market mainly includes epoxy and polyurethane resins. Currently, polyurethane resins are extensively used in the next-generation aircrafts such as Boeing 787, pertaining to the advantages they provide, such as high resistance to UV rays and ability to prohibit abrasion, chemical, and staining damages. Polyurethane resins will hold 55% of the overall aerospace coatings market share by 2024, driven by its excessive sales and growing popularity.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

 Akzo Nobel NV
 BASF
 Mankiewicz
 Argosy International
 Heinkel
 PPG Industries
 Merck Performance Materials
 IHI
 International Aerospace Coatings Holdings
 Asahi
 Brycoat.

The shifting trends toward the usage of composite materials for manufacturing integral parts of next-generation aircraft may hamper the future growth of aerospace coatings market size. In consequence, players in aerospace coatings industry are looking forward to developing effective coating technologies.

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Regionally, North America aerospace coatings industry is predicted to collect a revenue of more than USD 350 million by 2024, because the region houses some of the biggest players. Moreover, increasing development of next-generation aircrafts such as Airbus A350, Boeing 737, and Boeing 787, mainly for commercial applications, will also push the product demand across North America.

Asia Pacific will exhibit highest CAGR with high demand coming from China, India, Vietnam, Singapore and South Korea. Singapore and Malaysia are the major countries providing MRO services to regional and international airlines. Increasing commercial aircraft demand and aircraft producer’s establishing manufacturing facilities in the region will stimulate aerospace coatings market share from 2017 to 2024.

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Demand from exterior application in aerospace coatings market crossed 9 kilo tones in 2016. The growth is supported by need for substrate to handle extreme weather conditions and exposure to light. Companies manufacturing high quality exterior coatings for improved durability, long colour & gloss retention, faster dry time and lower weight will fuel the demand for exterior applications during the forecast timeframe.

Meanwhile, renowned biggies in aerospace coatings market are substantially investing in technology developments and R&D activities to introduce products with an improved service life. This business sphere encompasses some of the most notable players such as BASF SE, PPG Industries, AkzoNobel, Sherwin-Williams, Mankiewicz Gebr. & Co, and Zodiac Aerospace.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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