Growth of aerospace coatings market is largely driven by increased demand for aerospace coatings from the commercial aviation and military aviation. Increasing middle class population in the emerging economies is one of the important drivers for growth of aerospace coatings market as increasing air traffic has caused airline companies to increase their purchase of commercial aircraft, thereby fueling demand for associated facilities like aerospace coatings.
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Global Aerospace coatings market is projected to reach $1.98 Billion by 2022, at a CAGR 6.90% from 2017 to 2022. A coating is a covering that is applied to the surface of an object, usually referred to as a substrate.
Breakup of primary interviews:
- By Company Type - Tier 1–58%, Tier 2–33%, and Tier 3–9%
- By Designation – C-level–50%, D-level–33%, and Others–17%
- By Region - North America–33%, Europe–30%, Asia-Pacific–16%, South America-14%, and Middle East & Africa-7%
Similarly, the Euro Zone crisis of 2012 affected the growth of the aerospace coatings market globally, as several companies manufacturing aerospace coatings reduced their production as a result of their cost cutting strategy to survive in the market. On the basis of application, the market has been segmented into exterior and interior.
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Manufacturers of aerospace coatings are trying to cater to this increased demand for aerospace coatings, which, in turn, is leading to expansion of their businesses. However, formulation and implementation of new regulations, such as Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and various other directives to control solvent emissions are affecting the growth of the aerospace coatings market across the globe.
1 Opportunities in the Aerospace Coatings Market
2 Aerospace Coatings Market Attractiveness
3 Aerospace Coatings Market, Developing vs Developed Countries
Top 10 leading players in the aerospace coating market are as follows: Akzo Nobel N.V. (Netherlands), PPG Industries, Inc.
(U.S.), The Sherwin-Williams Company (U.S.), Henkel AG & Co. KGaA (Germany), Mankiewicz Gebr.
& Co. (Germany), IHI Ionbond AG (Switzerland), Zircotec Ltd. (U.S.), and Hentzen Coatings, Inc.
(U.S.), among others are the leading players operating in the aerospace coatings market.
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From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players in the aerospace coatings market, value chain analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the aerospace coatings market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on aerospace coatings offered by the top players in the aerospace coatings market
- Product Development/Innovations: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the aerospace coatings market
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for aerospace coatings across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aerospace coatings market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the aerospace coatings market
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