Advanced Aerospace Coatings Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Advanced Aerospace Coatings Market is worth US$ 532.7 Mn in 2022. The market value of stainless steel is expected to reach US$ 1,139.5 Mn by 2032, growing at a CAGR of 7.9% over the forecast period.
A coating is a covering on top of an object, also known as a substrate. The layer may be used for practical, ornamental, or a combination of both purposes. The market for aerospace coatings is primarily driven by rising demand from various end users, including general, commercial, and military aircraft.
Nanotechnology has been adopted in aerospace manufacturing due to the growing trend for lighter and more efficient aircraft. Because it offer greater qualities than metals with wider grain patterns, nanostructured metals are employed in the production of airplanes. Tensile strength, corrosion resistance, low density, and lighter material are all features of nanostructured metals. Because of the lightweight build of planes, less fuel is used, leaving a smaller carbon impact.
ChemView Consulting has analyzed that the passenger air travel market is expanding, which is good news for the global aerospace sector. Low-cost carriers (LCCs) have established themselves as formidable rivals in the market, notably in the APAC, Middle East & Africa, and South America developing economies. In these areas, more travelers are expected to fly more frequently
According to ChemView Consulting, the military aviation category dominated the market. Additionally, the commercial aviation sector is anticipated to expand faster over the next few years. The airlines are buying more commercial aircraft due to the increased air traffic, which will help the aerospace coating industry grow more quickly.
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Segments Covered in Report
By Type:
- Quick-drying Paints
- Drying Paints
- Special Paints
By Application:
- Commercial Aviation
- Military Aviation
- General Aviation
- Others
By Technology:
- Liquid Coating-based
- Powder Coating-based
- Others
By User Type:
- MRO
- OEM
By Product Type:
- Top-coat
- Primer
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
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Key Takeaways from the Advanced Aerospace Coatings Market
- Based on the application, the military aviation category dominated the market.
- Based on the technology, the solvent coating-based segment dominates the market.
- Due to the aerospace industry’s bright future, North America, with a 41.5% market share, is anticipated to expand significantly throughout the projected period. The growth in air passenger traffic brought on by rapid urbanization in various nations has increased demand for aircraft and, consequently, aerospace coatings.
Competition Summary
Key companies covered in the market study are The Sherwin Williams Company, PPG Industries Inc., Akzo Nobel N.V., Henkel AG & Co. KGaA, BASF SE, Axalta Coating Systems Ltd., Compagnie de Saint-Gobain S.A., Zircotec, Master Bond Inc., APV Engineered Coatings, Hardide Plc, Bodycote plc, PG Industries, Oerlikon Balzers Coating S.A. Brügg, DowDuPont Inc.
Report Key Highlights
- Detailed information on factors that will assist Global Advanced Aerospace Coatings’ growth during the next ten years
- Assessment of the historical and current Global Advanced Aerospace Coatings Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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