Dublin – (work wire) – Aerospace Coatings Market by Resin Type, Technology User Type, End-Use Industry, and Application – Global Opportunity Analysis and Industry Forecast, 2022 – 2030 report has been added to ResearchAndMarkets.com Show.
The global aerospace coatings market size was $2.15 billion in 2021 and is expected to rise by $3.42 billion by 2030, at a compound annual growth rate of 5.2% from 2022 to 2030.
The global aerospace coating market experienced a volume sale of 684.6 kilotons in 2021 and the level is expected to rise to 1137.8 kilotons by 2030, at a compound annual growth rate of 5.7% from 2022 to 2030.
Aerospace coatings provide a high shield protection against extreme temperature ranges, extreme UV exposure, abrasion from air intake, and abrasion due to moisture, and help dissipate the impact of high-velocity dust particles. It reduces the weight of the aircraft, it helps to resist cracking due to fluctuation of air pressures as well as contact with aggressive liquids.
Market dynamics and trends
The global aviation coating market is booming, due to the continuous increase in global travel and trade. The exponential increase in freight traffic, growing preferences for air travel, boosting international trade, and rising disposable income are all attributed to driving market growth. Besides, factors such as increased investments in the military and defense aviation sectors, specifically in emerging economies, will positively affect the global market.
However, factors such as stringent regulatory standards regarding the use of certain chemicals, time-consuming verification processes as well as expensive raw materials are expected to hamper the growth of the global aerospace coatings market.
Furthermore, factors such as the increasing demand for next-generation aircraft to replace existing aircraft, increasing preferences towards lightweight coatings as well as ongoing research and development activities to reduce carbon footprints, are paving the way for lucrative opportunities in the aerospace coating market.
The North American region has dominated the global aerospace coatings market in the past and is expected to hold the highest market share during the forecast period. This is attributed to factors such as the booming aviation industry, high investments in research and development, and technological advancements.
The Asia Pacific region has the second largest share of the global aviation coatings market and is expected to grow at the highest compound annual growth rate. This is attributed to the large investments made by developing countries to develop new airlines, modernize existing airports, develop long-distance airline routes, as well as increase the air defense budget of developing countries, led by India and China.
Sophisticated product launches, facility expansions, and collaborations between market players are taking the global aviation coatings market to new heights. For example, in October 2019, Parker Hannifin Corporation, the global leader in motion and control technologies, acquired LORD, the leading manufacturer of advanced adhesives and coatings, as well as vibration and motion control technologies, for $3.675 billion. With this acquisition, Parker aims to create a strong organization that chooses to deliver strong capabilities in materials science, advanced electrification, and high-tech aerospace products.
Main topics covered:
2. Aerospace Coatings Market – Executive Summary
2.1. Market snapshot, 2021 – 2030, US$1 million
3. Market Overview
3.1 Market definition and scope
3.2 Market dynamics
220.127.116.11. Increased demand for commercial aircraft
18.104.22.168. rapid urbanization
22.214.171.124. Developments in the aviation industry
126.96.36.199. Strict and time consuming regulatory policies
188.8.131.52. The negative impact of COVID-19 on space paint
184.108.40.206. Increasing demand for epoxy resin
4. Global Aerospace Coatings Market, by Resin Type
4.4 Other types
5. Global Aerospace Coatings Market, by Technology
5.2 Solvent-based coatings
5.3 Water-based paints
5.4. powder coating
6. Global Aerospace Coatings Market, by Type of User
6.2 OEM Factory
6.3 Maintenance, repair and overhaul
7. Global Aerospace Coatings Market, by End User
7.2 Commercial Aviation
7.3. military aviation
7.4. general aviation
8. Global Aerospace Coatings Market, by Application
9. Global Aerospace Coating Market, by Region
For more information on this report, visit https://www.researchandmarkets.com/r/aegl8o