Technavio Announces the Publication of its Research Report Global Aerospace Coatings Market 2017-2021
Technavio recognizes the following companies as the key players in the global aerospace coatings market: 3M, Akzo Nobel, Hentzen Coatings, PPG Industries, and Sherwin-Williams.Other Prominent Vendors in the market are: BASF, DuPont, Henkel, HSH Finishes, Hohman Plating, IHI Ionbond, KANSAI ALTAN, Mankiewicz Gebr, Walter Wurdack, and Zircotec.Commenting on the report, an analyst from Technavios team said: One trend in the market is innovative solutions to manage solar heat. Aerospace coatings must withstand the harsh weather and temperature conditions that the aircraft is exposed to, especially extreme heat and UV radiations.
Hence, special aerospace coatings are developed using unique technologies to keep the aircraft cool regardless of the heat outside.
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According to the report, one driver in the market is demand for water-based solvent coatings. Water-based solvent technology is gaining importance due to the harmful effects of solvent-based coatings on the environment.
The water-based coatings market is growing at an accelerated rate. These have lower amounts of volatile organic compounds (VOCs) and less toxicity than solvent-based coatings.
Moreover, the solvent-based coatings also cause health-related issues. For instance, in confined rooms, the VOCs from solvent-based coatings can cause discomfort to those exposed.
Consequently, a growing number of vendors in the aerospace coatings market have been developing water-based products.Further, the report states that one challenge in the market is negative growth rate of general aviation. General aviation is one of the three application segments of aerospace coatings.
Any change in the market growth of the general aviation segment will have a significant impact on the growth rate of aerospace coatings. The general aviation market has been seeing fluctuating growth in the last few years.
The number of aircraft delivered in the US, for instance, decreased by more than 4% in the general aviation segment during 2015-2016. The average price of aircraft in this segment also decreased in 2016 in comparison to that of 2015 by more than 11%.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Aerospace Coatings Aerospace coatings protect the surface of the aircraft as well as the interior. The interior coatings need not be changed for more than a decade, but the exterior coatings need to be taken care of more often.
An aircraft, be it commercial or military, is a huge entity and consumes a lot of time for coating. For instance, the exterior surface of a commercial airplane needs to be re-coated on an average of five years.Technavios analysts forecast the global aerospace coatings market to grow at a CAGR of 7.08% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the Global Aerospace Coatings Market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
ROWTechnavio's report, Global Aerospace Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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Sherwin-WilliamsOther prominent vendors
Demand for water-based solvent coatings
For a full, detailed list, view our report Market challenge
Negative growth rate of general aviation
For a full, detailed list, view our report Market trend
Innovative solutions to manage solar heat
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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