Aircraft Coatings Market is Forecasted to Reach US$ 1029.6 million in 2027, Says Stratview Research

The global aircraft coatings market is projected to witness a growth rate of 9.7% annually from 2022 to 2027, with an anticipated size of US$ 1029.6 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft coatings market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3285/aircraft-coatings-market.html#form

Report Highlights:
Market Size in 2027: US$ 1029.6 million
Growth (CAGR): 9.7% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Coatings Market:
The global aircraft coatings market is segmented based on resin type, aircraft type, technology type, end-user type, application type, and region.
Based on resin type - The market is bifurcated into Polyurethane, Epoxy, and Others.
Polyurethanes with a market share of more than 50% remain the most preferred material for coatings in the aircraft industry in the foreseen future. This coating type is also likely to witness the highest growth during the same period. The key features that have escalated the preference for polyurethane coatings in the aerospace industry are abrasion resistance, chemical resistance, protection against UV rays, a good wet look, and excellent adhesion to substrates at a relatively low cost. Furthermore, regulations for the reduction of volatile organic compounds (VOCs) and requirements for chrome-free inhibitors create additional demand for this coating type in the aerospace industry.

Based on the aircraft type - The market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation.
Commercial aircraft remain at the nucleus of all the leading market stakeholders serving the aerospace industry. The segment is also likely to witness the highest growth during the forecast period, driven by an expected rise in the production rate of major commercial aircraft programs, such as B737, A320 family, A350XWB, and B737; expected entry of upcoming aircraft, such as COMAC C919; rising aircraft fleet; and higher M&A and re-branding activities in the airline industry. It is also anticipated that commercial aircraft with a market share of more than 80% will remain the most preferred aircraft segment for the market participants in the foreseeable future.

Based on the technology type - The market is segmented into Water-Borne Coatings, Solvent-Borne Coatings, and Powder Coatings.
Among these technology types, solvent-borne coating dominates the market with a growth of more than 55%, propelled by its better coverage, better metal protection, corrosion resistance, and excellent smooth surface finish. Within liquid coatings, solvent-based coating is the most dominant technology, whereas water-based coating is the fastest-growing technology because of its environmentally friendly nature.

Based on the end-user type - Both OE and aftermarket are expected to experience healthy growth rates of more than 50% in the aircraft coatings market during the forecast period. Increasing aircraft production, growing aircraft fleet size, and increasing mergers and acquisitions and re-branding activities are driving both segments.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3285/aircraft-coatings-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for aircraft coatings over the forecast period. This growth outlook is majorly attributed to the following-
- This region is likely to witness healthy market growth of more than 30% in the coming years.
- Increasing passenger traffic in the 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, is also pushing the demand for coatings in the Asia-Pacific region.

Aircraft Coatings Market Drivers:

Some of the key drivers listed in the report are given below.
- The market for aerospace coatings is primarily driven by rising demand from various end users, including general, commercial, and military aircraft.
- Nanotechnology has been adopted in aerospace manufacturing as a result of the growing trend for lighter and more efficient aircraft.

Top Companies in the Aircraft Coatings Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Akzo Nobel N.V.
• Hentzen Coatings
• Mankiewicz Gebr. & Co.
• PPG Industries, Inc
• The Sherwin-Williams Company

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Coatings Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Fastener Coatings Market: https://www.stratviewresearch.com/370/Aircraft-Fastener-Coatings-Market.html

• Aero-Engine Coatings Market: https://www.stratviewresearch.com/471/aero-engine-coatings-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.