Global Aerospace Coatings Market By Resin Type (Polyurethanes, Epoxy) By Technology (Liquid, Powder) By User Type (MRO, OEM) By End User (Commercial, Military, General Aviation), Application (Exterior, Interior) – Industry Trends and Forecast to 2024
Market Analysis: Global Aerospace Coatings Market
The Global Aerospace Coatings Market accounted for USD 1.40 billion in 2016 and is projected to grow at a CAGR of 7.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Aerospace Coatings Market
Aerospace coatings technology renders a lightweight and durable coating system that offers increased productivity and is used for all kinds of aircraft. There is a growing demand for aerospace coatings in commercial, military and general aviation activities, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
Rising demand for high performance coatings
Evolution of environment friendly coatings
R&D programs by top players to develop advanced coatings
Volatile nature of raw material prices
Harmful environmental impact of chromium and lead-based heavy metals
Market Segmentation: Global Aerospace Coatings Market
The aerospace coatings market is segmented on the basis of resin type into polyurethanes and epoxy.
On the basis of technology, the market is segmented into liquid and powder.
On the basis of user type, the market is segmented into MRO and OEM.
On the basis of end-user, the market is segmented into commercial, military and general aviation.
On the basis of application, the market is segmented into exterior and interior.
On the basis of geography, the aerospace coatings market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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