Global Aerospace Coatings Market to Grow Significantly During 2020-2026

November 18, 2021

According to the research report titled ‘Aerospace Coatings Market Size By Resin (Polyurethane , Epoxy), By Technology (Solvent Based Coatings, Water Based Coatings, Powder Coatings), By User (OEM, MRO), By Aircraft (Commercial Aircraft, Military aircraft, Helicopters, Spacecraft), By Application (Exterior, Interior), Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2020 – 2026’, available with MarketStudyReport, global aerospace coatings market is expected to amass notable gains during 2020-2026.

Escalating demand from end-use industries, and extensive research & development activities in the field are propelling the growth of global aerospace coatings market.

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For the unversed, aerospace coatings are employed in aircrafts and are also used during production, repair, and maintenance of aircrafts so as to extend life of the structure. They also enhance dirt resistance and protect the surface from extreme weather conditions, while decreasing the drag resistance of the aircraft.

In terms of resin, the others segment including slackers and fillers is anticipated to amplify substantially over the forecast duration, owing to various benefits associated with fillers like low VOC emission, fast curing at ambient condition, low odor level, flexibility, among others.

Based on user type, the OEM segment is poised to capture 55% market share by 2026, owing to escalating demand for commercial aircrafts across the globe.

On the basis of aircraft ambit of global aerospace coating market, the spacecraft segment captured a market share of 8% in 2019 and is slated to showcase lucrative expansion trends over 2020-2026 due to surging space exploration missions worldwide.

By application, the exterior segment held a considerable market share in 2019, creditable to the importance of coating to safeguard aircrafts from severe weather conditions as well as to maintain aesthetics.

Regionally speaking, Middle East & Africa market is projected to surpass USD 160 million by 2026, ascribing to rising MRO activities, and positive outlook of the tourism sector in the region.

Specialty Coating Systems, Inc., Castolin Eutectic GmbH, Safran S.A., Zircotec Ltd, Sherwin-Williams Company, Praxiar Surface Technologies, Inc., Hardide Coatings, Inc., PPG Industries, Inc., Merck KGaA, Mapaero SAS, Mankiewicz Gebr. & Co (GmbH & Co. KG), IHI londbond AG, Hohman Plating & Manufacturing, Inc., Hentzen Coatings, Inc., Henkel AG & Co. KGaA, BryCoat, Inc., and BASF SE are the major players operating in global aerospace coatings market.

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