“According to the latest research study, the report predicts the global Aerospace & Defense Coatings Market size & share to reach around USD 1,832.0 Million by 2028 from USD 1,053.7 Million in 2020. The global Aerospace & Defense Coatings Market is anticipated to register a significant CAGR of 8.8% till 2028.”
The military operates in acute conditions and needs technology that is mission-critical and has a long lifespan. The error should not exist, so electronics and devices must be authentic and willingly available whenever required. Coating for aerospace and defense use maintains the damage to a minimum by safeguarding devices from several environmental variables, including changes, dust, vibrations, and chemicals.
The covid-19 pandemic and its correlation of travel restrictions and economic recession have compelled airlines to discover cost-cutting methods. Many aircraft orders were canceled or postponed. Until people feel uncomfortable traveling, most transport aircraft requirements will be driven by optional air travel, and the commercial aerospace supply chain must concentrate on durability. Therefore, covid-19 has harmed the aerospace and defense coating market.
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Important questions being answered by the market report
- What is the growth rate of the aerospace and defense coating market?
- Which region has the highest growth rate?
- Which region has the maximum share in the aerospace and defense coating market?
- Who are the major market players?
- What are the trends in the global market?
- Research methodology
Top Market Players Profiles Covered:
- Akzo Nobel N.V.
- Argosy International
- BASF SE
- Brycoat Inc
- Henkel AG & Co. KGaA
- Hentzen Coatings Inc.
- Hohman Plating
- IHI Ion bond AG
- Mankiewicz Gebr
- OC Oerlikon Corporation AG
- PPG Industries Inc.
- Praxair Inc.
- The Sherwin-Williams Company
- Zircotec Ltd
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Aerospace and defense coating market: Growth leading factors
The market growth has increased because of the growing rise of commercial aviation. Also, the living standards of individuals have improved, and the flourishing travel tourism and eCommerce industry portray one of the dominant factors. Additionally, the swift globalization is inspiring the acquisition of private jets for business travel, enhancing the growth of the market. The aerospace and defense coating market is also expanding due to the increasing number of space missions.
As the international border dispute is gaining momentum, governing agencies of several countries are obtaining military warplanes that are advanced. In tandem with this, several producers are developing UV-cured aerospace coatings to lessen the discharge of volatile organic compounds. They also utilize chrome-free and materials technology to reduce fuel and weight consumption, thus diminishing the aircraft’s carbon footprint.
Aerospace and defense coating market: Report Scope
Market Size 2020 Value
USD 1,053.7 Million
Market Outlook for 2028
USD 1,832.0 Million
Expected CAGR Growth
CAGR 8.8% from 2021 – 2028
2021 – 2028
Top Market Players
Akzo Nobel N.V., Argosy International, BASF SE, Brycoat.Inc, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., Hohman Plating, IHI Ion bond AG, Mankiewicz Gebr, Mapaero, OC Oerlikon Corporation AG, PPG Industries Inc., Praxair Inc., The Sherwin-Williams Company, Zircotec Ltd
By Type, By Resin, By Application, By Form, By Region
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Global aerospace and defense coating market: Key segmentation
Insight by aircraft type, resin, application, form, and region
Based on aircraft type, military aircraft generated extensive revenue. There is growth in aerospace and defense spending across the globe will mainly push for the development of the aircraft segment. Growing military aircraft distribution border and maritime missions will affirmably influence market growth. Depending on resin, Polyurethane resin is a swiftly growing market. It can be because of numerous advantages linked with resigning types like flexibility, durability, staining, resistance against abrasion, and chemicals. Because of UV rays, these resins offer more excellent resistance to corrosive effects. Based on application, exterior coatings seemingly will dominate the market. The increasing demand for aerospace coating in applications that are exterior is because of the need for a layer to protect from weather conditions that are extreme. By form, solvent-based aerospace coatings offer excellent concealment and color, resistance to chemicals, and betters properties of external durability. Even in humid weather, it allows a fast drying time.
By region, North America constitutes the most significant market space for aerospace coatings in terms of value and volume. The demand is also driven by new aircraft like A320neo and A350 by Airbus. The Asia Pacific follows North America as the passenger traffic increases, especially in India and China, driving the commercial aerospace industry.
Browse the full “Aerospace & Defense Coatings Market Share, Size, Trends, Industry Analysis Report, By Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, Spacecraft); By Resin (Epoxy, Polyurethane, Others); By Application (Interior, Exterior, Engine); By Form (Powder, Liquid); By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/aerospace-defense-coating-market
The market is predominantly divided into aircraft type, resin, application, form, and region
The aerospace and defense coating market: By aircraft type outlook
- Narrow-body Aircraft
- Wide-body Aircraft
- Regional Aircraft
- General Aviation
- Military Aircraft
The aerospace and defense coating market: By resin outlook
The aerospace and defense coating market: By application outlook
The aerospace and defense coating market: By form outlook
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