The Global Military Aerospace Coatings Market was valued at USD XX million in 2017, and is expected to grow at a CAGR of 5.2% by 2025. The market is growing investment in the aviation sector, coupled with increasing number of aircraft fleets in Asia Pacific, and are estimated to drive the market during the forecast period. They are applied on both the exterior and interior surfaces of an aircraft.
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The military aerospace coatings market has been segmented on the basis of resin into polyurethane, epoxy, and others which include acrylic and silicone. In 2018, the PU resin type is estimated to account for the largest market share, in terms of volume, due to the demand for military aerospace coatings for fixed wing and rotary wing military aircraft. PU is used as a top coat and epoxy is generally used as primer. The UV resistant property leads to the high demand for the PU resin.
These coatings are further employed by various end users including commercial, military, and general aviation fleet manufacturers. Major players in the market are investing in R&D activities to widen application scope and market reach of the product and, in turn, sustain their competitive positions.
North America is expected to account for the largest share of the military aerospace coatings market, in terms of both, volume and value by 2023. But, the military aerospace coatings market in APAC is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft deliveries and increasing budgets of defense sectors of China and India.
Some of the key players operating in this market include PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK), among others.
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Key benefits of the report:
Target Audience:
* Military Aerospace Coatings providers
* Distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Component Supplier,
* Distributors,
* Government Body & Associations, and
* Research Institute
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Military Aerospace Coatings Market — Industry Outlook
4 Military Aerospace Coatings Market Resin Type Outlook
Aerospace Coatings Market Aircraft Type Outlook
6 Military Aerospace Coatings Market Regional Outlook
7 Competitive Landscape
End of the report
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