Aerospace Coatings: Worldwide Market Opportunity Analysis & Outlook to 2025 - Increasing Investments in the Defense Sector
Friday, November 09, 2018
DUBLIN, Nov 9, 2018 /PRNewswire/ --
The "Aerospace Coating Market Size, Share & Trends Analysis Report By Resin (Epoxy, PU), By Product, By Application (Exterior, Interior), By End User, By Industry Category, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global aerospace coatings market size is projected to reach USD 2.48 billion by 2025., progressing at a CAGR of 6% during the forecast period. Increasing air passenger traffic is one of the key factors driving the aviation industry, which translates into greater demand for aerospace coatings.
Aerospace coatings offer aesthetic appeal and resistance towards corrosion, chemical, electrical and erosion. They are designed and formulated to obtain extended aircraft life. The growth of the aviation industry due to increasing per capita income and rising air cargo transports is expected to fuel the demand for the product. The demand for polyurethane resin is anticipated to be high throughout the forecast period as they hold very low VOC content and are chromate-free in nature.
North America was the largest market for aerospace coatings in 2017. It is poised to retain its position through 2025. The region is likely to register a healthy growth rate during the forecast period, owing to substantial demand from the U.S. Countries in Europe have been investing in manufacturing of commercial aircrafts, aiming to reduce imports of aircraft from the U.S. This, in turn, has resulted in considerable demand for these coatings in countries such as Germany, France, U.K., and Italy.
Surging demand for air travel from countries such as China and Japan is estimated to drive the market in Asia Pacific over the forecast years. Presence of various long airline routes in Asia Pacific is boosting the demand for aerospace coatings. Several government initiatives in countries such as encouraging private investments in the aerospace industry to allow domestic aerospace companies to compete globally are expected to foster the demand for aerospace coatings in Asia Pacific.
-- In terms of volume, the polyurethane resin segment is expected to
witness steady growth of 5.4% over the forecast period, owing to
increasing demand from commercial aviation OEMs.
-- The liquid product segment dominated the global market in 2017, with a
revenue share of 74.1%.
-- In terms of volume, the military end-user segment is projected to
witness the highest CAGR of 5.5% from 2018 to 2025.
-- There will be a high demand for aerospace coating from the MRO industry
in Asia Pacific, owing to surging demand in countries such as Singapore,
China, and South Korea.
-- The exterior application segment dominated the market, with a revenue
share of over 70.0% in 2017, owing to its increased use in the
commercial and military end-user segment.
-- The U.S. aerospace coatings market is anticipated to exceed 9.72
kilotons by 2025, owing to increasing military spending and higher
demand for passenger travel.
-- The market has intense competition among key players owing to the fact
that the products offered by manufacturers have low differentiation.
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Penetration and growth prospect mapping
3.3 Value chain analysis
3.3.1 Raw Material Trends
3.3.2 Technology overview
3.4 Market opportunity assessment
3.4.1 Identification Of Potential Customers
3.5 Market variables analysis
3.5.1 Market Driver Analysis
220.127.116.11 Increasing air passenger traffic
18.104.22.168 Increasing investments in the defense sector
22.214.171.124 Defense spending of major countries (2011 to 2017) (USD Billion)
3.5.2 Market Restraint Analysis
126.96.36.199 Volatile raw material prices
3.6 Aerospace coatings market: Porters five forces analysis
3.7 Aerospace coatings market: PESTEL analysis
3.8 Regulatory and political forces
3.8.1 List Of Regulations
188.8.131.52 United States Published Standards
184.108.40.206 British/International Standards
3.8.2 List Of Regulations, By Raw Material
220.127.116.11 epoxy resin
Chapter 4 Aerospace Coatings Market: Resin Estimates & Trend Analysis
4.1 Aerospace Coatings Market: Resin Movement Analysis, 2017 & 2025
Chapter 5 Aerospace Coatings Market: Product Estimates & Trend Analysis
5.1 Aerospace Coatings Market: Product Movement Analysis, 2017 & 2025
Chapter 6 Aerospace Coatings Market: End user Estimates & Trend Analysis
6.1 Aerospace Coatings Market: End User Movement Analysis, 2017 & 2025
Chapter 7 Aerospace Coatings Market: Industry category Estimates & Trend Analysis
7.1 Aerospace Coatings Market: Industry Category Movement Analysis, 2017 & 2025
Chapter 8 Aerospace Coatings Market: Application Estimates & Trend Analysis
8.1 Aerospace Coatings Market: Application Movement Analysis, 2017 & 2025
Chapter 9 Aerospace Coating: Regional Estimates & Trend Analysis
9.1 Aerospace Coating Market: Regional Movement Analysis, 2017 & 2025
9.2 North America
9.4 Asia Pacific
9.5 Central & South America
9.6 Middle East & Africa
Chapter 10 Competitive and Vendor Landscape
10.1 Competitive Environment
10.1.1 Market Leader
10.2 Participant Categorization
Chapter 11 Company Profiles
11.1 AkzoNobel N.V
11.2 Hentzen Coatings, Inc.
11.3 PPG Industries, Inc.
11.4 Sherwin Williams
11.5 Mankiewicz Gebr. & Co.
11.6 Axalta Coating Systems Ltd.
11.7 Saint-Gobain S.A.
11.8 Henkel Corporation
11.9 IHI Ionbond AG
11.10 Zircotec Ltd.
11.11 LORD Corporation
11.12 AHC Oberflchentechnik GmbH
11.13 BryCoat Inc.
11.14 NV Specialty Coatings
For more information about this report visit https://www.researchandmarkets.com/research/3w6b3x/aerospace?w=5
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