Aerospace Coatings: Worldwide Market Opportunity Analysis & Outlook to 2025 - Increasing Investments in the Defense Sector

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.

Key Findings

• 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.

Topics Covered

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
3.3.1.1 Resins
3.3.1.2 Pigments
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
3.5.1.1 Increasing air passenger traffic
3.5.1.2 Increasing investments in the defense sector
3.5.1.3 Defense spending of major countries (2011 to 2017) (USD Billion)
3.5.2 Market Restraint Analysis
3.5.2.1 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
3.8.1.1 United States Published Standards
3.8.1.2 British/International Standards
3.8.2 List Of Regulations, By Raw Material
3.8.2.1 epoxy resin
3.8.2.2 aluminum
3.8.2.3 CHROMIUM
3.8.2.4 Mica

Chapter 4 Aerospace Coatings Market: Resin Estimates & Trend Analysis
4.1 Aerospace Coatings Market: Resin Movement Analysis, 2017 & 2025
4.1.1 Polyurethane
4.1.2 Epoxy
4.1.3 Others

Chapter 5 Aerospace Coatings Market: Product Estimates & Trend Analysis
5.1 Aerospace Coatings Market: Product Movement Analysis, 2017 & 2025
5.1.1 Liquid
5.1.2 Powder

Chapter 6 Aerospace Coatings Market: End user Estimates & Trend Analysis
6.1 Aerospace Coatings Market: End User Movement Analysis, 2017 & 2025
6.1.1 Commercial
6.1.2 Military
6.1.3 Others

Chapter 7 Aerospace Coatings Market: Industry category Estimates & Trend Analysis
7.1 Aerospace Coatings Market: Industry Category Movement Analysis, 2017 & 2025
7.1.1 OEM
7.1.2 MRO

Chapter 8 Aerospace Coatings Market: Application Estimates & Trend Analysis
8.1 Aerospace Coatings Market: Application Movement Analysis, 2017 & 2025
8.1.1 Exterior
8.1.2 Interior

Chapter 9 Aerospace Coating: Regional Estimates & Trend Analysis
9.1 Aerospace Coating Market: Regional Movement Analysis, 2017 & 2025
9.2 North America
9.3 Europe
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
10.1.2 Innovator
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

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