Market Research Future (MRFR) recognizes the following companies as the key players in the Global Market research future published a raw research report on Global Aerospace Coatings Market that contains the information from 2016 to 2022. The Global Aerospace Coatings Market is expected to grow with approximately 7% CAGR from 2016 to 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Aerospace Coatings Market Information from 2016 to 2022″
The factor that is driving demand for Aerospace Coatings is the continued need to develop more environmentally friendly products that produce less hazardous materials. So, the advancement in the field of chromo free technology coupled with the usage of environment-friendly coating products is one of the major drivers of the market. For many decades, chrome-based coatings were the most preferred coatings, however, they are no longer used because of issues related to health, safety, and environmental protection.
New technology in aerospace coatings can minimize drag in the air and eliminate debris build-up, both of which reduce airplane fuel consumption resulting in reduced carbon footprint. Such savings have both an economic and environmental impact that cannot be understated. According to the International Air Transport Association (IATA), a 1% improvement in fuel efficiency in the aviation industry can lower fuel costs by USD 700 million a year.
The market has been segmented based on resin types, end-users, applications and regions. Based on resin type, the market is segmented as polyurethanes and epoxy. Polyurethane resins are preferred over other coatings as they offer resistance to abrasion, staining, and chemicals. They have a high degree of natural resistance to the damaging effects of ultraviolet rays from the sun. Based on end-users, the market is segmented as commercial, military and general aviation. Among these, the commercial aviation segment is leading the market and is projected to grow at the highest CAGR during the forecast period. The advent of chromo-free technologies, introduction of cost-saving products, and emerging middle class are the factors driving the growth of the market.
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Scope of the Report:
This study provides an overview of the Global Aerospace Coatings Market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Aerospace Coatings Market by its resin type, end-user, application and regions.
By Resin Type
- General Aviation
- North America
- Rest of World