Coatings in global aerospace industry are expected to increase with a CAGR of 3.6% by 2020. The major drivers for coatings is increasing air passenger traffic rate, which increases aircraft deliveries and thereby increases the demand for aerospace coatings. Aerospace coatings market is also driven by large demand for coatings in refinishing market as airlines recoat aircraft after regular intervals for maintenance. Commercial aircraft segment is growing at a greater pace than general aviation, regional, and defense aircraft. Increasing commercial aircraft deliveries and introduction of new wide–body aircraft will further boost the commercial aircraft coatings market. With the airlines mergers and acquisitions, there is increasing demand of coatings as airlines repaints their fleets to change their brand and identity.
Lucintel, a global management consulting and market research firm, has analyzed the coatings in global aerospace industry by product type, aircraft type, process type, application type, and by region and has come up with comprehensive research report "Growth Opportunities for Coatings in Global Aerospace Industry 2014-2020: Trend, Forecast, and Opportunity Analysis." This report provides an analysis of the coatings in global aerospace industry including analysis of the market trends, competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes coatings in global aerospace industry trends and forecasts through 2020, segmented by regions, by aircraft type, by product type, by application type and by process type as follows:
Coatings in Global Aerospace Industry by Regions:
North America Europe Asia Pacific Coatings in Global Aerospace Industry by Product Type: Epoxy Coating Polyurethane Coating Other Coatings Coatings in Global Aerospace Industry by Aircraft Type: Commercial Aircraft Regional Aircraft General Aviation Defense Aircraft Coatings in Global Aerospace Industry by Application Type: Original Equipment Manufacturers Market Refinishing Market Coatings in Global Aerospace Industry by Process Type: Primer Coat Base Coat/Top Coat/Clear Coat Lucintel forecasts that majority of the segments for coatings in global aerospace industry will grow moderately during 2014-2020. Coatings manufacturers are continuously adopting new strategies to gain market share in the industry.
As new advanced coatings are launched with the continuous development of low Volatile Organic Compound and environment friendly coatings, demand to replace antiquated technologies increases. This will further drive the coatings market. PPG Industries, AkzoNobel, Sherwin Williams, DuPont Chemicals Company, and Henkel AG & Company are among the major suppliers of coatings in global aerospace industry. Regular innovation of products is very important for companies to sustain their successful positions in the market.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
