Regionally, North America aerospace coatings industry is predicted to collect a revenue of more than USD 350 million by 2024, owing to the fact that the region houses some of the biggest players. Moreover, increasing development of next-generation aircrafts such as Airbus A350, Boeing 737, and Boeing 787, mainly for commercial applications, will also push the product demand across North America. —
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Aerospace coatings market size has been forecast to surpass a revenue collection of USD 1 billion by the end of 2024, owing to the surging use of coatings in commercial, military, and space aircrafts. The rise in international trading opportunities have further had a significant impact on the growing requirement of commercial aircrafts. Regional governments have also been taking initiatives to promote cross-country trading, while simultaneously making investments in the aviation industry to fulfill the increasing requirement of aircrafts. For instance, China invested USD 3 billion in the aerospace sector in 2014, fueled by the demand for aircrafts. The escalating investments in research and development programs in the aviation sector is thus poised to boost aerospace coatings industry share over the coming timeframe.
Taking into account the popularity and increasing adoption of aircrafts for transportation, prominent aerospace coatings market players are looking forward to not only enhance product efficiency but also to minimize the associated manufacturing costs. In addition to this, manufacturers have been continuously involving themselves in research and developments activities to innovate high quality paints and coatings. Nano Coatings for instance, in one of the most remarkable inventions in this business space, that has gained considerable popularity owing to its capability to provide an extended lifespan and resist dust particles.
The product segment of aerospace coatings market mainly includes epoxy and polyurethane resins. Currently, polyurethane resins are extensively used in the next-generation aircrafts such as Boeing 787, pertaining to the advantages they provide, such as high resistance to UV rays and ability to prohibit abrasion, chemical, and staining damages. Polyurethane resins will hold 55% of the overall aerospace coatings market share by 2024, driven by its excessive sales and growing popularity.
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Meanwhile, renowned biggies in aerospace coatings market are substantially investing in technology developments and R&D activities to introduce products with an improved service life. This business sphere encompasses some of the most notable players such as BASF SE, PPG Industries, AkzoNobel, Sherwin-Williams, Mankiewicz Gebr. & Co, and Zodiac Aerospace.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aerospace Coatings Industry Insights
Chapter 4. Aerospace Coatings Market, By Resin
Chapter 5. Aerospace Coatings Market, By Technology
Chapter 6. Aerospace Coatings Market, By User
Chapter 7. Aerospace Coatings Market, By Aircraft
Chapter 8. Aerospace Coatings Market, By Application
Chapter 9. Aerospace Coatings Market, By Region
Chapter 10. Company Profiles
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United States Aerospace Coatings Market Report 2018
In this report, the United States Aerospace Coatings market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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