Aerospace Coatings Market, Industry Share, Growth, Demand, Segmentation and Forecast To 2025

The global aerospace coatings market is witnessing a high degree of competition on account of the rivalry between PPG Industries Inc, The Sherwin-Williams Co., Akzo Nobel N.V., and BASF SE. These players are focusing substantially on expanding in emerging economies, equipped with abundant untapped potential. Over the coming years, the competition within this market is expected to intensify further, states the research report.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/aerospace-coatings-market.html

According to the research report, the global market for aerospace coatings presented an opportunity worth US$1.53 bn in 2016. Further expanding at a CAGR of 5.80% during the period from 2017 to 2025, the market is expected to rise to US$2.53 bn by the end of the period of the forecast. On the basis of the technology, the global market expected to be led by the solvent-based segment in the near future. By end user, commercial and business aircraft have been reporting a higher usage of aerospace coatings. However, the market is projected to observe a rising demand for these coatings in the military sector in the near future. In terms of the geography, North America has surfaced as the dominant regional market for aerospace coatings and is projected to remain so, thanks to the U.S. becoming the leading individual contributor to the global market and the investments in the science and technology and the military domains in this region over the forthcoming years, reports the research study.

Increasing Expansion in Emerging Economies to Support Market's Growth

"With the rising number of low cost carriers and the increasing competition between Boeing and other key companies operating in the global aircraft industry, the global market for aerospace coatings has been observing a tremendous rise," says a TMR analyst. "The surge in the fleet expansion activities is another important factor that has been supporting the growth of this market significantly," he added. Over the coming years, the market is likely to benefit from the increasing expansion of the leading players in emerging economies, such as India and China, which boast of abundant untapped potential, states the research report.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38471

High Cost incurred in Aerospace Coating Application to Hamper Market

On the flip side, the high cost incurred in the application of aerospace coatings and their maintenance is hampering the growth of the global aerospace coatings market and is expected to continue doing so over the next few years. The increasing demand for greener products is also expected to limit the usage of aerospace coatings in the near future. However, a spike in investments, thanks to the rise in aircraft manufacturing, will support the market in the years to come, notes the market study.

The review is based on a report by Transparency Market Research, titled "Aerospace Coatings Market (Resin - Polyurethane, Epoxy, and Acrylics; Technology - Water-based and Solvent-based; User: OEM and MRO; End-User - Commercial & Business Aircraft, Military & Space, and Helicopters) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025."

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=38471

Key Takeaways:

Commercial and business aircraft have been reporting a higher usage of aerospace coatings.
North America has surfaced as the dominant regional market for aerospace coatings.
The global aerospace coatings market is segmented into:

By Resin

Polyurethane
Epoxy
Acrylics
Others
By Technology

Water-based
Solvent-based
Others

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=38471

By User

OEM 
MRO
By End User

Commercial & Business Aircraft
Military & Space
Helicopters

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Wood Pellets Market - https://www.digitaljournal.com/pr/germany-wood-pellets-market-size-in-2030

Biofertilizers Market - https://www.digitaljournal.com/pr/sales-of-biofertilizers-market-will-see-strong-expansion-through-2031

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.