At a CAGR of 5.1%, Global Aerospace Coating Market will reach the estimated value of USD 2.3 bn by 2026

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Aerospace Coating Market
Report Id 1426 Category Chemicals Materials
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• Systematic Research Approach

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SOLUTION

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Secondary Research
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Primary Research

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includes sources of databases
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Aerospace Coating Market Analysis
The global aerospace coating market is expected
to observe a substantial growth at a CAGR of 5.1
and reach the estimated value of USD 2.3 bn by
2026 as against its valuation of 1.7bn in
2017. The growing commercial aerospace sector is
projected to drive the demand for the aerospace
coating market in the near future. Also due to
high demand, the production of aircraft has been
expanding, owing to the growth of the market in
the coming years. Despite the negative impact of
the covid pandemic, the market is all set to
regain its position with resilience and succeed
in space during the forecast years. Researchmoz
shares opinions on the market dynamics of the
aerospace coating market including market size,
growth opportunities, drivers, restraints, and
regional and competitive outlook. Increasing Air
Fleet Fuels, the Growth of Aerospace Coating The
growing travel sector and demand from the
commercial aviation sector is paving the way for
a growing fleet and thus resulting in the growth
of the global aerospace coating market. Further,
the excellent functional properties offered by
aerospace coating such as resistance to abrasion,
withholding the extreme temperatures, protection
against UV rays of sunlight, etc. are projected
to bring growth in the global aerospace coating
market in the coming years. Aerospace coating
happens to be the most technically advanced
coating due to its excellent interior and
exterior properties.
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Aerospace Coating Market Analysis

• Aesthetic Aspect to Boost Demand for Exterior
  Segment
• On the basis of application, the global aerospace
  coating market is segmented into exterior and
  interiors, however, the exterior segment is
  projected to lead during the forecast period.
• The exterior segment provides excellent
  aesthetics such as a shiny appearance to their
  aircraft, using primer, base coat, and topcoat.
  Besides, just the aesthetics, the exterior
  application also offers anti-corrosion,
  resistance to chemicals, and staining, thus
  driving the global aerospace coating market.
• However, some countries slightly reduce their
  expenditure on military operations, which could
  hinder the growth to some extent during the
  forecast years.
• Despite that, the rising investment in research
  and development is projected to stimulate the
  growth in the aerospace coating market in the
  following years.
• Analysts Views
• Military aviation is expected to thrive and bring
  in sales and revenue for the global aerospace
  coating market in the future. The growth of this
  segment can be attributed to the rising spending
  on military and defence vehicles in order to
  protect national security and borders.
• The rising demand for commercial aircraft due to
  rapid urbanization and growing economies are
  anticipated to boost the growth opportunities
  during the forecast years.
• The enormous demand for coatings in Airbus and
  Boeing is projected to bolster the growth
  opportunities in the global aerospace coating
  market over the next few years.
• Avail FREE Sample Report with Industry Insights _at_
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  portid1426

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Aerospace Coating Market Analysis

• Market stalwarts such as Henkel are investing
  heavily in research and development for
  developing innovative materials to reduce
  emissions and offer lightweight products to the
  end-users.
• While North America leads the global aerospace
  coating market, Asia Pacific is expected to
  witness substantial growth simultaneously, owing
  to growing commercial and military aviation
  sectors in the following years.
• Competitive Landscape
• Researchmoz extracts the detailed report and
  information about the leading players in the
  global aerospace coating market including their
  recent competitive strategies.
• Most of the key players in the global aerospace
  coating market choose to enter into partnerships,
  mergers, acquisitions, and product innovation to
  tap deeper into the global market.
• Following are some of the prominent players in
  the global aerospace coating market-
• Hentzen Coatings, Inc., (U.S.
• Zircotec Ltd. (U.K.)
• Akzo Nobel NV
• Brycoat Inc
• BASF
• PPG Industries
• The Sherwin-Williams Company (U.S.)
• Mankiewicz Gebr. Co. (Germany
• IHI Ionbond AG

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Aerospace Coating Market Analysis

• For any Queries Linked with the Report, Ask an
  Analyst_at_ https//www.researchmoz.us/enquiry-before
  -buying/?reportid1426
• Key Takeaways
• Researchmoz provides detailed information on the
  aerospace coatings market in its report, so that
  market investors take a thoughtful decisions
  based on the facts and data in order to thrive in
  this space.
• Here are a few key takeaways from the report-
• The global aerospace coatings market is slated to
  witness substantial growth at a CAGR of 5.1
  between 2107 to 2027 and the same is expected to
  make it to an estimated value of USD 2.3bn by
  2026.
• The excellent properties of aerospace coatings
  such as corrosion resistance, resistance to high
  temperatures, chemical resistance, and protection
  against are expected to be the determinants
  causing the market growth in the forecast period.
• Increasing production of aircraft is expected to
  bolster the global aerospace coatings market
  during the forecast period.
• The Exterior sub-segment under the application
  segment is anticipated to hold a larger share in
  the global aerospace coatings market, owing to
  the benefits of protecting the exteriors of the
  aircraft.
• The solvent-based coatings are projected to boost
  sales in the market and it can be attributed to
  the excellent colour provided by solvent coats.

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Aerospace Coating Market Analysis

• North America is expected to dominate the global
  aerospace coatings market, owing to high military
  expenditure by the U.S. government, increasing
  commercial aviation demand, and the presence of
  prominent manufacturers in the region.
• The Asia Pacific is likely to observe a good
  growth alongside, the growth in the region could
  be due to rapid urbanization, improvement in the
  economic status of developing countries.
• Many key players in the global aerospace coatings
  market are capitalization on competitive
  strategies such as mergers, acquisitions, joint
  ventures, product innovation, etc.
• Resin Type
• Epoxy
• Polyurethanes
• Others (Silicone, Polyester and Acrylic)
• Technology Type
• Liquid Coating-based
• Solvent-based
• Water-based
• Powder Coating-based
• Others
• User Type

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Aerospace Coating Market Analysis

• Application Type
• Exterior
• Interior
• Product Type
• Primer
• Base Coat
• Top Coat
• Others
• End User Type
• Military Aviation
• Commercial Aviation
• General Aviation
• Others

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