India Aerospace Coating Market Big Profits on the Horizon as Market Size Continues to Grow | Akzonobel N.V., BASF SE, Henkel AG, Hentzen Coatings, Inc., IHI Ionbond AG

Aerospace coating is a high-performance coating material designed to offer resistance against temperature fluctuations, humid conditions, air instability, and protection against intense UV exposure. Aircraft are exposed to extreme weather conditions, which lead to wear & tear of metal. To address such concerns, coatings such as epoxy & polyurethane resin, silicone, polyester, and acrylic resins are applied to the aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components.

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The development of chromium-free technology and evolution in the aviation industry drive the market growth for India aerospace coatings. However, chrome-based coating processes are no longer used in markets, owing to their health-, safety-, and environmental protection-related issues. On the contrary, growth of the civil aviation sector attributed to the development of new airports and air services propels the adoption of aerospace coatings. However, fluctuation in raw material prices and harmful environmental impact of chromium & lead-based heavy metals restrain the market growth.

The India aerospace coating market is yet to explore its full potential. Rise use of nano-coatings technology to protect surfaces and structures of aircraft from harsh environments is expected to provide new growth opportunity for the aerospace coating market.

Based on resin type, the India aerospace coating market is segmented into epoxy, polyurethane, and other. Others resin type include acrylic, polyester, silicon, and polyester. On the basis of technology, it is categorized into solvent-based, water-based, powder, and others. The Depending on user type, it is fragmented into original equipment manufacturer and maintenance, repair, and overhaul. By end user vertical, it is divided into commercial aviation, military aviation, and general aviation. The applications covered in the study include exteriors and interiors.

The India aerospace coating is highlyconsolidated with operating key players such as Akzonobel N.V., BASF SE, Henkel AG, Hentzen Coatings, Inc., IHI Ionbond AG, Mankiewicz GEBR, Mapaero, PPG Industries, INC, The Sherwin-Williams Company, and Zircotec Ltd.

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KEY BENEFITS FOR STAKEHOLDERS

This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with strategic assessment of India Aerospace coating market.
Market size and estimations are based on comprehensive analysis of the modalities, applications, end users, and developments in the industry.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

COVID-19 Impact

In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.

The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.

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Key Market Segments

By Resin Type

Polyurethane
Epoxy
Others

By Technology

Solvent Based
Water Based
Powder Coating
Others

By User Type

Original Equipment Manufacturer
Maintenance, Repair, & Overhaul

By End Use Industry

Commercial Aviation
Military Aviation
General Aviation

By Application

Exterior
Interior

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