Know More About “Aerospace Coating Market 2018-2025” Growth Worldwide…..|Grand View Research, Inc.


The global aerospace coatings market size is projected to reach USD 2.48 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period. Increasing air passenger traffic is one of the key factors driving the aviation industry, which translates into greater demand for aerospace coatings.
Aerospace coatings offer aesthetic appeal and resistance towards corrosion, chemical, electrical and erosion. They are designed and formulated to obtain extended aircraft life. The growth of the aviation industry due to increasing per capita income and rising air cargo transports is expected to fuel the demand for the product. The demand for polyurethane resin is anticipated to be high throughout the forecast period as they hold very low VOC content and are chromate-free in nature.
The market is characterized by presence of various major players including AkzoNobel N.V; PPG Industries, Inc.; Sherwin-Williams; Hentzen Coatings, Inc.; and Mankiewicz Gebr. & Co includes Axalta Coating Systems Ltd; Saint-Gobain S.A; Henkel Corporation; IHI Ionbond AG; Zircotec Ltd; LORD Corporation; AHC Oberflächentechnik; BryCoat Inc.; and NV Specialty Coatings.
Companies majorly compete based on product varieties offered, since players have similar product portfolios. Low product differentiation has led to intense competition among players. Companies aim to offer products at a competitive price in order to strengthen their market position.
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Surging demand for air travel from countries such as China and Japan is estimated to drive the market in Asia Pacific over the forecast years. Presence of various long airline routes in Asia Pacific is boosting the demand for aerospace coatings. Several government initiatives in countries such as encouraging private investments in the aerospace industry to allow domestic aerospace companies to compete globally are expected to foster the demand for aerospace coatings in Asia Pacific
Further key findings from the report suggest:
  • In terms of volume, the polyurethane resin segment is expected to witness steady growth of 5.4% over the forecast period, owing to increasing demand from commercial aviation OEMs
  • The liquid product segment dominated the global market in 2017, with a revenue share of 74.1%
  • In terms of volume, the military end-user segment is projected to witness the highest CAGR of 5.5% from 2018 to 2025
  • There will be a high demand for aerospace coating from the MRO industry in Asia Pacific, owing to surging demand in countries such as Singapore, China, and South Korea
  • The exterior application segment dominated the market, with a revenue share of over 70.0% in 2017, owing to its increased use in the commercial and military end-user segment
  • The U.S. aerospace coatings market is anticipated to exceed 9.72 kilotons by 2025, owing to increasing military spending and higher demand for passenger travel
  • The market has intense competition among key players owing to the fact that the products offered by manufacturers have low differentiation
  • Some of the key companies present in the market are AkzoNobel N.V; PPG Industries, Inc.; Sherwin-Williams; Hentzen Coatings, Inc.; and Mankiewicz Gebr. & Co; Axalta Coating Systems Ltd; Saint-Gobain S.A; Henkel Corporation; IHI Ionbond AG; Zircotec Ltd; LORD Corporation; AHC Oberflächentechnik; BryCoat Inc.; and NV Specialty Coatings.
These coatings are further employed by various end users including commercial, military, and general aviation fleet manufacturers. Major players in the market are investing in R&D activities to widen application scope and market reach of the product and, in turn, sustain their competitive positions.
Increasing spending power of people in countries such as the U.S. and Europe is stirring up the demand for air travel considerably. This, in turn, is resulting in an increased demand for the product, majorly driven by commercial fleet manufacturers. Use of solvent-based coatings is limited in regions such as Europe and North America due to stringent regulations on harmful emission-causing chemicals, which include volatile organic components. Water-based counterparts are projected to witness a healthy rise in demand over the coming years.
Regulatory framework for the market is governed by various regulatory bodies including the Occupational Safety and Health Administration (OSHA) and the National Toxicology Program (NTP). The framework specifies chemical dangers of raw materials used in manufacturing process. The coating, curing, and general safety of coatings and its raw materials such as epoxy resins, aluminum, and chromium, which are used in the production of the product, are permitted when safety regulations are stringently followed.
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Polyurethane resins are the most widely used resins in the market and are available both in single and two-component systems. The resin segment accounted for approximately 60.0% of the market volume in 2017. These coatings are critically used in exteriors of aircraft owing to high erosion resistance and elastomeric properties that ease their application. Several stringent regulations pertaining to VOC and chromate coatings in regions such as North America and Europe are fueling the demand for polyurethane coatings.
Coatings based on polyurethane resin offer external protection to structural parts. The market is likely to witness a significant growth during the forecast period on account of increasing application in the commercial aviation. Spiraling demand for glossy finishes is expected to augment the market during the forecast period.
Grand View Research has segmented the global aerospace coatings market on the basis of resin, product, end user, industry category, application.
Resin Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Epoxy
  • Polyurethane
  • Others
Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Liquid
  • Powder
End User Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Commercial
  • Military
  • Others
Industry Category Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • OEM
  • MRO
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Exterior
  • Interior
Liquid coatings include solvent-based and water-based coatings, wherein solvent-based coatings edged over the other in terms of demand and are the leading revenue contributor to the liquid coatings segment. Solvent-based type, being less vulnerable towards harsh climates, is used predominantly in the aerospace industry. Several limits and standards on VOC emissions by governments of various countries are estimated to inhibit the growth of this product sub-segment over the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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