According to Stratistics MRC, the Global Aerospace Coatings Market is accounted for $1.71 billion in 2020 and is expected to reach $3.38 billion by 2028 growing at a CAGR of 8.9% during the forecast period. Increasing global air passenger traffic, rising production and sales of aircraft mainly in developing countries are the factors driving the market growth. However, fluctuating raw-material prices is hampering the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period as Asia Pacific is poised to emerge as the most promising regional market during the forecast period due to the increasing number of air passengers and growing investments in the defense sector contribute to the growth of the region. There is a strong demand for the aerospace coating products from the maintenance, repair, and overhaul (MRO) industry in the Asia Pacific region due to the presence of long haul routes.
Some of the key players profiled in the Aerospace Coatings Market include AkzoNobel N.V, Sherwin Williams, Mankiewicz Gebr & Co., Axalta Coating Systems Ltd, Henkel Corporation, Zircotec Ltd, LORD Corporation, BASF SE, Bodycote plc, Hardide Plc, Master Bond Inc., DowDuPont Inc., Brycoat Inc., Hentzen Coatings Inc., Indestructible Paint and 3M.
Products Covered:
• Liquid Coating
• Powder Coating
• Primer
• Topcoat
• Ceramic Coatings
Types Covered:
• Quick-Drying Paints
• Drying Paints
• Special Paints
Applications Covered:
• Exterior
• Interior
Resins Covered:
• Epoxy
• Polyurethane (PU)
• Other Resins
End Users Covered:
• Commercial Aircraft
• Military Aircraft
• General Aviation
• Other End Users
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Maintenance, Repair, and Overhaul (MRO)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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