Aerospace Coatings Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Aerospace Coatings Global Market Report 2023 identifies growing demand for commercial aircraft as the major driver for the aerospace coatings market's growth in the forecast period. Commercial aircraft are a type of aircraft that is used to transport passengers or cargo on a scheduled basis for some payment. Increasing demand for commercial aircraft requires new commercial aircraft to be manufactured, thereby promoting the growth of aerospace coatings used to coat the interior and exterior of an aircraft.

The global aerospace coatings market size grew from $2.36 billion in 2022 to $2.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The aerospace coatings market size is expected to grow to $3.3 billion in 2027 at a CAGR of 6.6%.

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Major competitors in the aerospace coatings market are Akzo Nobel N.V., Henkel AG & Co. KGaA, Mankiewicz Gebr. & Co., Hentzen Coatings Inc., Badische Anilin und Soda Fabrik, IHI Ionbond AG, The Sherwin-Williams Company, Zircotec Ltd., Asahi Kinzoku Kogyo Inc., Brycoat Inc., Axalta Coating Systems Ltd., LORD Corporation, APV Engineered Coatings, Bry Coat Inc., Hardide PLC., Bodycote plc, PPG Industries, Oerlikon Balzers Coating S.A. Brügg, DowDuPont Inc.,

A key trend in the aerospace coatings market includes product innovations. Major companies operating in the aerospace coatings sector are focused on developing new technological and innovative products to strengthen their position in the market. For instance, in January 2022, Sherwin-Williams Aerospace Coatings, a US-based manufacturer of high-quality exterior and interior paint and coating systems, launched the Aircraft Color Visualizer platform, an online 3D color visualizer tool that lets users experiment with different color schemes for their aircraft. The Aircraft Color Visualizer is a fully interactive desktop tool that lets users design color schemes for six different types of aircraft, including kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters.

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The aerospace coatings market is segmented -
• By Product Type: Top-Coat, Primer, Other Product Types

• By Resin: Epoxy, Polyurethane, Acrylic, Other Resins

• By Technology: Solvent-Based Coatings, Water-Based Coatings, Powder Coatings, Other Technologies

• By Application: Exterior, Interior

• By End User: Commercial Aviation, Military Aviation, General Aviation, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aerospace coatings market.

The Business Research Company's "Global Aerospace Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Aerospace Coatings Market Include:
1. Executive Summary
2. Aerospace Coatings Market Characteristics
3. Aerospace Coatings Market Trends And Strategies
4. Aerospace Coatings Market - Macro Economic Scenario
5. Aerospace Coatings Market Size And Growth
……
26. Africa Aerospace Coatings Market
27. Aerospace Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Coatings Market
29. Aerospace Coatings Market Future Outlook and Potential Analysis
30. Appendix

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