Global Aerospace Coatings Market Growth Set to Surge Significantly during 2020 to 2027
Market Analysis and Insights : Global Aerospace Coatings Market
Global Aerospace Coatings Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1.8 billion by 2019 growing at a CAGR of 6.8% in the above-mentioned forecast period due to the increasing demand of defense and aerospace industries, in which majorly aerospace is going to register a huge growth in the upcoming future.
High strength, miniaturization and precision in the aerospace coatings industry have become key features of the products. In addition, they are not only an important part of aircraft manufacturing but are expected to support the horizon’s new drone industry. Coatings are highly complex in the aerospace sector and safeguard aircrafts from severe weather conditions. In addition, aerospace coatings not only help the aerial vehicles exterior, but also decorate their interiors.
Aerospace coating is a high-performance coating material which protects the aircraft from extreme weather conditions, which can cause wear and tear of metal surfaces, resulting in repairs and maintenance. The aerospace coating is designed to prevent temperature fluctuations, various air instabilities and variable air pressures. Applications of aerospace coating include protection and temperature fluctuations, protection from high ultraviolet exposure, chemical attacks (such as cleaning chemicals, fuels and hydraulic fluids), corrosion and humidity. Aerospace coatings provide high resistance against ultraviolet rays, corrosion, fog and other harsh weather conditions. With high safety, it reduces the weight of the aircraft and thereby helps in reducing CO2 emissions.
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The growth of the defensive handling techniques used in original equipment manufacturers (OEMs) to reduce overall production costs is expected to boost the aerospace coating market growth over the forecast period. The growing demand for aerospace coatings is a major factor driving the growth of the global aerospace coating market over the forecast period due to its superior features and functionality compared to other products.
However, fluctuations in the cost of raw materials in developing countries and in developed countries can somewhat inhibit the growth of the global aerospace coating market and also the main constraints are the volatile nature of raw material prices and the detrimental environmental impacts of chromium and lead-based heavy metals.
This aerospace coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Global aerospace coatings market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Aerospace Coatings Market Scope and Market Size
Aerospace coatings market is segmented on the basis of resin, technology, and end-user and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on resin, the aerospace coatings market is segmented into polyurethane, epoxy, acrylics and others
- Based on technology, the aerospace coatings market is segmented into water-based, solvent-based and liquid-based
- Based on end-user, the aerospace coatings market is segmented into commercial & business aircraft, military & space and helicopters
- Based on application, the aerospace coatings market is segmented into exterior, interior
Global Aerospace Coatings Market Country Level Analysis
Aerospace coatings market is analysed and market size insights and trends are provided by country, resin, technology, and end-user and application as referenced above.
The countries covered in the aerospace coatings market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.
As demand for aerospace coatings from various sectors such as the aerospace outer and interior coatings industry grows, the North American is the region when the aerospace coatings market is expected to have the largest share of revenue in 2017 and continue to dominate the forecast period. Asia-Pacific aerospace coatings market is also expected to witness the fastest growth in revenue over the next five years.
The country section of the aerospace coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Global Aerospace Coatings Market Share Analysis
Global aerospace coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the aerospace coatings market.
The major players covered in the aerospace coatings market report are Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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