Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The "Aerospace Coatings Market by Resin Type, Technology, User Type, End Use Industry, Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Aerospace Coatings Market size valued to USD 2.15 billion in 2021, and it is anticipated to project an elevation of USD 3.42 billion by 2030, growing with a CAGR of 5.2% from 2022-2030.
The global aerospace coatings market held a volumetric sale of 684.6 kilotons in 2021 that is expected to level-up up-to 1137.8 kilotons by 2030, with a CAGR of 5.7% from 2022-2030.
Aerospace coatings offer high protection shield against extreme temperature ranges, intense ultraviolet exposure, erosion from air drag, corrosion due to humidity and helps in deflecting the impact of high velocity dust particles. Reducing weight of the aircrafts, it helps resist cracking due to fluctuating air pressures as well as contact with aggressive fluids.
Market Dynamics and Trends
The global aerospace coatings market is on a bloom, owing to the ever-increasing travel and global trades. The upsurge in cargo traffic, growing preferences towards air travel, fostering international trade and rise in the disposable incomes are altogether attributable for propelling the market growth. Besides, factors such as increasing investments in the military aviation and defense sectors, specifically in the emerging economies, shall positively influence the global market.
However, factors like stringent regulatory standards regarding use of some chemicals, time-consuming verification processes, as well as expensive raw materials are expected to hamper the growth the global aerospace coatings market.
Moreover, factors such as growing demand for next-gen aircrafts to replace existing ones, increasing preferences towards light weight coatings as well as ongoing R&D activities to reduce carbon foot prints, are paving the way for lucrative opportunities in the aerospace coatings market.
Competitive Landscape
The report includes a comprehensive analysis and profiles of the major market players ruling the global aerospace coatings market such as IHI Ionbond AG, PPG Industries, Inc., Sherwin-Williams, AkzoNobel N.V, Zircotec Ltd, LORD Corporation, Saint-Gobain S.A, Hentzen Coatings, Inc., Henkel Corporation, Axalta Coating Systems Ltd, Mapaero, Zircotec Ltd., BryCoat Inc., AHC Oberflachentechnik, BASF SE, NV Specialty Coatings, and others.
The cutting-edge product launches, facility expansions and collaborations among the market players, is taking the global aerospace coatings market to new-heights. For instance, in October 2019, the global leader in motion and control technologies, Parker Hannifin Corporation took-over the LORD Corporation, a leading manufacturer of advanced adhesives and coatings, as well as vibration and motion control technologies, paying a hefty USD 3.675 billion. With this acquisition, Parker aims at creating a strong organization opting to deliver robust material science capabilities, advanced electrification, and high-tech aerospace product
KEY MARKET SEGMENTS:
Global Aerospace Coatings Market - By Resin Type
- Epoxy
- Polyurethane
- Others
Global Aerospace Coatings Market - By Technology
- Solvent Based Coatings
- Water Based Coatings
- Powder Coating
- Other Technology
Global Aerospace Coatings Market - By User Type
- Original Equipment Manufacturer (OEM)
- Maintenance, Repair & Overhaul (MRO)
Global Aerospace Coatings Market - By User Type
- Commercial Aviation
- Military Aviation
- General Aviation
Global Aerospace Coatings Market - By Application
- Exterior
- Interior
Global Aerospace Coatings Market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Korea
- Rest of Asia-Pacific
- RoW
- Brazil
- Argentina
- Saudi Arabia
- UAE
- Remaining Countries
Key Topics Covered:
1. Introduction
2. Aerospace Coatings Market - Executive Summary
3. Market Overview
4. Global Aerospace Coatings Market, by Resin Type
5. Global Aerospace Coatings Market, by Technology
6. Global Aerospace Coatings Market, by User Type
7. Global Aerospace Coatings Market, by End-User
8. Global Aerospace Coatings Market, by Application
9. Global Aerospace Coatings Market, by Region
10. Company Profiles
A selection of companies mentioned in this report includes
- AHC Oberflachentechnik GmbH
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- BASF SE
- Bry Coat INC
- Henkel AG & Co. KGaA
- Hentzen Coatings, Inc.
- Ionbond
- Lord Corporation
- Mankiewicz Coating Solutions
- NV Specialty Coatings
- PPG Industries, Inc.
- Saint Gobain
- Sherwin-Williams Company
- Zircotec
For more information about this report visit https://www.researchandmarkets.com/r/9zyhk1
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