A brief overview of Phytosphingosine Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
Global aerospace coatings market revenue is expected to reach $2,433 million by 2023, from $1,587 million in 2016, with a CAGR of 6.3% from 2017 to 2023. Aerospace coatings is a high-performance coating material, which provides protection against corrosion, ultraviolet rays & solar heat, climatic stress, and fog and offers wear resistance to aircraft surfaces, thus reducing the amount of time for maintenance and repair.
The coatings applied reduce the weight of the aircrafts and improve the fuel economy, thereby reducing CO2 emissions. Coatings are applied to the aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components.
Epoxy and polyurethane resin-based coatings are generally used in aerospace coatings. Silicone, polyester, and acrylic resins are other types of aerospace coatings.
Polyurethane resin type has high resistance to abrasion, staining, and chemicals. Moreover, unlike epoxy, polyurethane resins have high degree of resistance to the damaging effects of ultraviolet rays from the sun, which makes it a preferred choice in the aerospace coatings market.
Technology wise, solvent-based coatings is the leading segment in 2016. It produces immediate waterproofing protection after application, even before they have dried.
Thus, rain after application does not damage the coating. High coverage on inside and hard to reach components & parts, smooth & uniform finish further propels the growth.
The global aerospace coatings market is segmented based on resin type, technology, user type, end-use industry, and geography. Based on resin type, the market is divided into epoxy, polyurethane, and others.
Based on technology, it is segmented into solvent-based coatings, water-based coatings, powder coatings, and others. User type segment is classified into original equipment manufacturer (OEM) and maintenance, repair & overhaul (MRO).
The end-use industry is segmented as commercial aviation, military aviation, and general aviation. Application of aerospace coatings market includes exterior and interior surface of the aircraft.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Major players profiled in this study include the following:
- Akzonobel N.V.
- BASF SE
- Henkel AG & Co. KGaA
- Hentzen Coatings, Inc.
- IHI Ionbond AG
- Mankiewicz Gebr. & Co.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Zircotec Ltd.
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