Aerospace Coatings Market to Witness Robust Growth by 2022

The market research report, entitled Aerospace Coatings Market shows good possibilities in the Aerospace Coatings Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Aerospace Coatings Market Forecast:

The Aerospace 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. The Aerospace Coatings Market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.

Some linchpins in the market are:

Akzo Nobel N.V.
BASF SE
Henkel AG & Company KGaA
Hentzen Coatings
Hohman Plating & Manufacturing
IHI Ionbond AG
Mankiewicz Gebr. & Co.
PPG Industries, Inc.
The Sherwin-Williams Company
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Aerospace Coatings Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Aerospace Coatings Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

COVID-19 IMPACT Analysis on Aerospace Coatings Market

Based on regions, North America is expected to remain the largest market for global aerospace & defense fluid conveyance systems over the next five years. The region is the manufacturing capital of the aerospace & defense industry with the presence of several major players, such as Boeing, Lockheed Martin, and Bombardier and the presence of major fluid conveyance manufacturers. Asia-Pacific is likely to experience the highest growth, driven by the commencement of commercial and regional aircraft manufacturing in China and Japan, the introduction of offset policy, and increasing defense spending.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2017 to 2022.

Regional Analysis

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.

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Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.

This release was published on openPR.