In terms of revenue, Global Aerospace Coatings Market in 2019 stood at USD 1,843.19 million and is expected to reach USD 2,839.09 million by 2026 growing at a CAGR of 6.37% from 2019 to 2026.
Some of the global major players operating in the aerospace coatings market include: Akzo Nobel N.V., Sherwin-Williams Company, PPG Industries Inc., Henkel Corp., Mankiewicz Gebr. & Co., BASF Corp. and Others.
Drivers for the Global Aerospace Coatings Market:
The aerospace coating market is driven by the factors like growing trends of efficient and lighter aircrafts that has led to the adoption of nano coating technology for the aerospace metals and use of environmental friendly products and new technology which is compile with REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulations on VOC (volatile organic compounds). Moreover, aerospace coating market is also driven by the expanding aircraft maintenance, repair and overhaul activities.
Opportunities for the Global Aerospace Coatings Market:
Application of UV-cure coatings in military aviation industry is one of the factor that will drive the growth of aerospace coating market in forecast period. Along with that, increase in number of aircraft deliveries is also driving factor of the aerospace coating market. globally
Restrains for the Global Aerospace Coatings Market:
The fluctuation in raw material pricing is one of the major factor that is hampering the growth of aerospace coating market. In addition to this, changing stringent environmental regulations is also hampering the growth of aerospace coating market.
Region Wise, Global Aerospace Coatings Market Analysis:
North America held the largest share in the market because of highly improved economic conditions, rapid urbanization and increasing spending power of people. Asia Pacific is also having maximum share in the aerospace coating market which is followed by the European countries.
Global Aerospace Coatings Market: Product analysis
- Polyurethane Aerospace Coatings
- Epoxy Aerospace Coatings
Global Aerospace Coatings Market: Application analysis
Global Aerospace Coatings Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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