Aerospace Coatings industry analysis research and trends report for 2017- 2024

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Aerospace Coatings Market outlook, regional
growth industry share by 2024 Global Market
Insights, Inc.
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• Global Market Scenario of Chemical Industry

• Aerospace Coatings Market to surpass USD 1
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Global aerospace coatings market size is expected
  to cross 16 kilo tons till 2024. High usage of
  these coatings in various aircrafts such as
  military, space, and commercial will primarily
  drive the industry over the forecast timeframe.
  Frequent rising air passenger traffic across the
  globe has led to increased deliveries of
  aircrafts, further positively influencing the
  industry demand.
• Flourishing growth in international trade has
  resulted in the development of commercial
  aircraft, propelling the industry size. Various
  government bodies across the globe are investing
  significantly in aerospace sector, contributing
  towards revenue generation. For instance, in
  2014, China invested over USD 3 billion in
  aviation industry to cater the rising demand of
  air traffic.
• These investments will further induce immense
  potential to the industry growth. However, the
  introduction of substitutes such as composite
  fuselage designs may pose a challenge to
  aerospace coatings market share over the forecast
  timeline.

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• Polyurethane resins will account for over 55
  revenue share in the aerospace coatings market
  over the forecast timeframe.
• Aircraft producers are focusing on using high
  quality paints and coatings in their
  manufacturing process. The business is witnessing
  regular innovations to reduce the overall
  manufacturing cost and enhance the product
  efficiency.
• Nano coatings has gained prominence in the
  industry in last decade owing to benefits offered
  such as resistance to dirt and retention of shiny
  colors for longer duration.

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• 360 Industry Analysis

• High preference towards this resin can be
  attributed to its advantages such as high
  resistance to the UV rays and other damages
  including staining, chemicals, and abrasion.
  Extensive usage of these resins in new generation
  aircrafts such as Boeing 787 will further support
  the segments dominance.
• Epoxy resins are anticipated to generate a demand
  of approximately 8 kilo tons by 2024. High usage
  of these resins in traditional aircrafts has
  resulted in high demand from maintenance, repair,
  and overhaul (MRO), fostering the industry
  growth. Additionally, consumer preference can be
  attributed to its cost effectiveness as compared
  to the counterparts.

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• Regional Analysis

• North America is expected to cross USD 350
  million during the forecast period. Presence of
  multiple established manufacturers and
  introduction of new generation aircrafts
  including Boeing 787, Boeing 737 MAX, Airbus
  A350, etc. are primary influencing the product
  penetration across the region.
• Asia Pacific aerospace coatings market size is
  anticipated to exhibit over 7 CAGR from 2017 to
  2024. This can be attributed to rising cargo and
  passenger traffic along with increasing
  international trade in emerging economies
  including India and China. Improving aviation
  infrastructure in the region will further support
  the regions growth.

• Competitive Analysis

• PPG Industries, Mankiewicz Gebr. Co.,
  Akzonobel, BASF SE, The Sherwin-Williams Company,
  Hentzen Coatings, and Mapaero are among the
  noticeable players in the aerospace coatings
  market share. Other prominent players include
  Brycoat.Inc, Zodiac Aerospace, Argosy
  International, Cheaerospacel, International
  Aerospace Coatings Holdings, and NVSC Speciality
  Coatings.

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