Aerospace Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
LONDON, March 12, 2018
LONDON, March 12, 2018 /PRNewswire/ -- Global Aerospace Coatings Market: Overview
Aerospace Coatings are used to coat the interior and external structural components of aircraft. Innovative technologies and industry friendly regulations implemented by various governments fuel the expansion of aerospace coatings market.
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Expansion of the aerospace coatings market can be ascribed to the advancements made in the defense and space sector. However, commercial and business aircraft is the key factor driving the global aerospace coatings market.
Increasing air passenger traffic, emerging economies and growing number of low cost carriers are expected to boost the aerospace coatings market in the future. Recent trend of spending heavily on military and space programs are expected to fuel the growth of the aerospace market in near future.
Aerospace coatings are primarily used in aircraft parts such as horizontal stabilizers, vertical fins, wings fairings, and engine cowlings. In the military application segment, coatings are employed in radar panels, avionic racking and rotor blade boxes.
Fleet expansion activities, increased competition among global aircraft leaders such as Boeing, expansion of low cost carriers and clause relaxation are the key drivers of the aerospace coatings market. The commonly used resins in the aerospace coating applications include polyurethane, epoxy, acrylics and other resins such as fluoropolymers and polyesters. Among the various technologies, water-based technologies are anticipated to surpass the solvent-based technology in the upcoming years.
Aerospace coatings market is heavily dependent on both OEM and MRO segments. With the introduction of new aircraft, OEM is gaining popularity across the globe. The lion's share of the aerospace coatings market is consumed by the commercial & business aircraft. However, increased spending on the military sector is anticipated to propel the expansion of aerospace coatings market in the near future.
The study provides comprehensive view of the Aerospace Coatings market by dividing it into resin type, technology, user, end-user and geography.
Global Aerospace Coatings Market: Scope of the Study
The report estimates and forecasts the Aerospace Coatings market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2016 as the base year.
The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.
The study includes drivers and restraints for the Aerospace Coatings market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Aerospace Coatings market on the global and regional level.
Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Aerospace Coatings market and global average price trend analysis.
The report includes Porter's Five Forces Model to determine the degree of competition in the Aerospace Coatings market. It comprises qualitative write-up on market attractiveness analysis, wherein products, processes, applications and countries have been analyzed based on attractiveness for each region.
Growth rate, market size, raw Process availability, profit margin, impact strength, Application, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for Aerospace Coatings between 2017 and 2025.
Global Aerospace Coatings Market: Research Methodology
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research.
Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team's expertise and market understanding.
Global Aerospace Coatings Market: Regional Outlook
Regional segmentation includes the current and forecast of Aerospace Coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., France, Germany, the U.K., China, India, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes amount of Aerospace Coatings consumed by product, process, and application in all the regions and countries.
Global Aerospace Coatings Market: Competitive Outlook
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players in the aerospace coatings market include PPG Industries, Inc, The Sherwin-Williams Company, Akzo Nobel N.V, Hentzen Coatings Inc, Mankiewicz Gebr. & Co etc. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
The Aerospace Coatings Market has been divided into the following segments.
Aerospace Coatings Market – Resin Analysis
Aerospace Coatings Market – Technology Analysis
Aerospace Coatings Market – User Analysis
Aerospace Coatings Market – End User Analysis
Commercial & Business Aircraft
Military & Space
Aerospace Coatings Market – Regional Analysis
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
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