What's Driving the Aerospace Coatings Market Trends? Top Players are Hentzen Coatings, Hardide Coatings, BASF, Safran, Castolin Eutectic, Specialty Coating Systems, Inc, Aalberts Surface Treatment GmbH, AkzoNobel N.V.,

It has been observed that major companies partaking in aerospace coatings market have been striving with one another to enhance their product portfolio, in an attempt to strengthen their position in the competitive arena. Praxair and GE Aviation, for example, have recently unveiled a new jet engine coating facility for their joint venture business PG technologies. Reportedly, this advanced coating would enable the engine to withstand higher stress and temperature. The opening of this world class coating facility is deemed to unlock the potentials of next-generation coating technologies for the aviation industry.

In this regard, it is prudent to mention that PG Technologies is a direct byproduct of Praxair and GE Aviation's long-standing relationship since over twice a decade and the latest decision of opening up a new unit on advanced coatings is claimed to be in the wake up of GE Aviation's needs. With over 250 employment opportunity, the 300,000 square-foot jet engine coating facility certainly fall among one of the major investments that both the giants have lately made in the aerospace coatings market, claim analysts.

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Powered by a barrage of tech benefactors, aerospace coatings market has witnessed remarkable proceeds across a host of aviation fraternities including the likes of military, space, commercial etc. Even a few years back, the application significance of these coatings was deemed to be limited to protection and aesthetic appearance improvement. However, with technological proliferations and subsequent complexity in the aviation industry, the requirement of advanced coatings endorsed with features like faster drying time, lightweight, increased durability, and unique color styling has upscaled tremendously.

Another eyepopping spectacular scoop in aerospace coatings marketplace is UDRI's contract with the United States Air Force Department. The University of Dayton Research Institute, has been recently awarded a contract worth of USD 1.5 million to evaluate and deliver innovative advanced aerospace coatings for turbine engine parts. Reportedly, this USD 1.5 million agreement stems from UD's seven-year contract with U.S. Air Force worth over USD 40 million, targeting environmentally viable and energy efficient technologies for Air Force equipment.

As per a latest report by the International Air Transport Association- China pegs the title of world's fastest growing aviation industry and is projected to surpass even U.S. market valuation from 2022. In fact, The Civil Aviation Administration of China has recently affirmed that the country would ease investment access to the regional civil aviation market for private and state enterprises from January, next year. Not to mention, these kinds of regional governmental supports in proliferating the aviation sector, is bound to leave a positive impact on the overall APAC aerospace coatings industry, which is forecast to grow at 7% CAGR over 2017-2024.

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Some Point from Table of Contents:

Data Tables:

TABLE 1. Aerospace coatings industry 3600 synopsis, 2016 - 2026
TABLE 2. Global aerospace coatings market estimates and forecast, 2016 - 2019, (Tons) (USD Million)
TABLE 3. Global aerospace coatings industry estimates and forecast, 2020 - 2026, (Tons) (USD Million)
TABLE 4. Global aerospace coatings industry estimates and forecast by resin, 2016 - 2019 (Tons)
TABLE 5. Global aerospace coatings industry estimates and forecast by resin, 2020 - 2026 (Tons)
TABLE 6. Global aerospace coatings industry estimates and forecast by resin, 2016 - 2019 (USD Million)
TABLE 7. Global aerospace coatings market estimates and forecast by resin, 2020 - 2026 (USD Million)
TABLE 8. Global aerospace coatings industry estimates and forecast by technology, 2016 - 2019 (Tons)
TABLE 9. Global aerospace coatings industry estimates and forecast by technology, 2020 - 2026 (Tons)
TABLE 10. Global aerospace coatings industry estimates and forecast by technology, 2016 - 2019 (USD Million)
TABLE 11. Global aerospace coatings industry estimates and forecast by technology, 2020 - 2026 (USD Million)
TABLE 12. Global aerospace coatings industry estimates and forecast by user type, 2016 - 2019 (Tons)
TABLE 13. Global aerospace coatings industry estimates and forecast by user type, 2020 - 2026 (Tons)
TABLE 14. Global aerospace coatings industry estimates and forecast by user type, 2016 - 2019 (USD Million)

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