According to IMARC Group’s latest report, titled “Aerospace Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 6% during 2015-2020. Aerospace coatings, also known as aircraft paints, are made using several layers of materials to improve aircraft performance and efficiency. These coatings offer resistance against corrosion and ultraviolet (UV) rays and can withstand high temperatures, which helps to increase the aircraft’s lifespan. As a result, aerospace coatings are used to protect the exteriors of planes from harsh weather conditions, reduce in-flight drag on wings, prevent surface icing, improve durability, facilitate vacuum-suction waste evacuation, etc. They are also utilized in keeping cool the interior parts, such as ceiling panels, sidewalls, galley carts, seats, etc.
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A significant rise in the demand for commercial aviation is driving the aerospace coatings market. The expanding e-commerce sector and the growing travel and tourism industry are contributing to the product demand. Furthermore, increasing levels of globalization are encouraging the adoption of private jets for business travel, thereby augmenting the market growth. Additionally, with the elevating international border disputes, various governing agencies are procuring advanced military warplanes. Moreover, numerous key players are developing UV-cured aerospace coatings to minimize the emissions of volatile organic compounds (VOCs), thereby bolstering the global market. Besides this, the wide utilization of chrome-free technologies and lightweight materials to reduce weight and fuel consumption is anticipated to fuel the market growth in the coming years. Looking forward, IMARC Group expects the global aerospace coatings market to exhibit moderate growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Aalberts Surface Treatment GmbH
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- Henkel AG & Co. KGaA
- Hentzen Coatings Inc.
- IHI Ionbond AG
- Mankiewicz Gebr. & Co. (GmbH & Co. KG)
- PPG Industries Inc.
- Saint-Gobain S.A.
- The Sherwin-Williams Company
- Zircotec Ltd.
Market Segmentation:
Breakup by Resin Type:
- Epoxy
- Acrylic
- Polyurethane
- Others
Breakup by Product Form:
- Liquid
- Powder
- Others
Breakup by Application:
- Exterior
- Interior
Breakup by Aircraft Type:
- Commercial
- Military
- Others
Breakup by End User:
- Original Equipment Manufacturers (OEMs)
- Maintenance, Repair and Overhaul Companies (MRO Companies)
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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