India Aerospace Coating Market by Resin Type, Technology, User Type, End User, Application - India Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4603636
  • Report
  • Region: India
  • 104 pages
  • Allied Analytics LLP
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India Aerospace Coating Market by Resin Type (Epoxy, Polyurethane, and Other), Technology (Solvent-based, Water-based, Powder, and Others), User Type (Original Equipment Manufacturer & Maintenance, Repair, and Overhaul), End User (Commercial Aviation, Military Aviation, and General Aviation), Application (Exteriors and Interiors) - India Opportunity Analysis and Industry Forecast, 2017-2023

Aerospace coating is a high-performance coating material designed to offer resistance against temperature fluctuations, humid conditions, air instability, and protection against intense UV exposure. Aircraft are exposed to extreme weather conditions, which lead to wear & tear of metal. To address such concerns, coatings such as epoxy & polyurethane resin, silicone, polyester, and acrylic resins are applied to the aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components.

The development of chromium-free technology and evolution in the aviation industry drive the market growth for India aerospace coatings. However, chrome-based coating processes are no longer used in markets, owing to their health-, safety-, and environmental protection-related issues. On the contrary, growth of the civil aviation sector attributed to the development of new airports and air services propels the adoption of aerospace coatings.
However, fluctuation in raw material prices and harmful environmental impact of chromium & lead-based heavy metals restrain the market growth.

The India aerospace coating market is yet to explore its full potential. Rise use of nano-coatings technology to protect surfaces and structures of aircraft from harsh environments is expected to provide new growth opportunity for the aerospace coating market.

Based on resin type, the India aerospace coating market is segmented into epoxy, polyurethane, and other. Others resin type include acrylic, polyester, silicon, and polyester. On the basis of technology, it is categorized into solvent-based, water-based, powder, and others. The Depending on user type, it is fragmented into original equipment manufacturer and maintenance, repair, and overhaul. By end user vertical, it is divided into commercial aviation, military aviation, and general aviation. The applications covered in the study include exteriors and interiors.

The India aerospace coating is highly consolidated with operating key players such as Akzonobel N.V., BASF SE, Henkel AG, Hentzen Coatings, Inc., IHI Ionbond AG, Mankiewicz GEBR, Mapaero, PPG Industries, INC, The Sherwin-Williams Company, and Zircotec Ltd.

KEY BENEFITS:

This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with strategic assessment of India Aerospace coating market.
Market size and estimations are based on comprehensive analysis of the modalities, applications, end users, and developments in the industry.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

KEY MARKET SEGMENTS:

By Resin Type

Polyurethane
Epoxy
Others

By Technology

Solvent Based
Water Based
Powder Coating
Others

By User Type

Original Equipment Manufacturer
Maintenance, Repair, & Overhaul

By End Use Industry

Commercial Aviation
Military Aviation
General Aviation

By Application

Exterior
Interior
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Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits for stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Top player positioning, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Development of chromium-free technology
3.5.1.2. Increase in number of aircraft due to aviation industry growth
3.5.2. Restraint
3.5.2.1. Fluctuating raw material prices
3.5.2.2. Harmful environmental impact of chromium and lead-based heavy metals
3.5.3. Opportunity
3.5.3.1. Use of nanotechnology

CHAPTER 4: INDIA AEROSPACE COATINGS MARKET, BY RESIN TYPE
4.1. Overview
4.1.1. Market size and forecast
4.1.2. Market volume and forecast
4.2. Epoxy
4.2.1. Key market trends, growth factors, and opportunities
4.3. Polyurethane
4.3.1. Key market trends, growth factors, and opportunities
4.4. Others
4.4.1. Key market trends, growth factors, and opportunities

CHAPTER 5: INDIA AEROSPACE COATING MARKET, BY TECHNOLOGY
5.1. Overview
5.1.1. Market size and forecast
5.1.2. Market volume and forecast
5.2. Water based
5.2.1. Key market trends, growth factors, and opportunities
5.3. Solvent based
5.3.1. Key market trends, growth factors, and opportunities
5.4. Powder coating
5.4.1. Key market trends, growth factors, and opportunities
5.5. Others
5.5.1. Key market trends, growth factors, and opportunities

CHAPTER 6: INDIA AEROSPACE COATING MARKET, BY USER TYPE
6.1. Overview
6.1.1. Market size and forecast
6.1.2. Market volume and forecast
6.2. Original equipment manufacturers
6.2.1. Key market trends, growth factors, and opportunities
6.3. Maintenance, repair, & overhaul
6.3.1. Key market trends, growth factors, and opportunities

CHAPTER 7: INDIA AEROSPACE COATING MARKET, BY END-USE INDUSTRY
7.1. Overview
7.1.1. Market size and forecast
7.1.2. Market volume and forecast
7.2. Commercial aviation
7.2.1. Key market trends, growth factors, and opportunities
7.3. Military aviation
7.3.1. Key market trends, growth factors, and opportunities
7.4. General aviation
7.4.1. Key market trends, growth factors, and opportunities

CHAPTER 8: INDIA AEROSPACE COATING MARKET, BY APPLICATION
8.1. Overview
8.1.1. Market size and forecast
8.1.2. Market volume and forecast
8.2. Exterior
8.2.1. Key market trends, growth factors, and opportunities
8.3. Interior
8.3.1. Key market trends, growth factors, and opportunities

CHAPTER 9: COMPANY PROFILES
9.1. AkzoNobel N.V.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. BASF SE
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.3. Henkel AG & Co. KGaa
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Business performance
9.3.5. Key strategic moves and developments
9.4. Hentzen Coatings, Inc.
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Key strategic moves and developments
9.5. IHI Ionbond AG.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Key strategic moves and developments
9.6. Mankiewicz Gebr. & Co.
9.6.1. Company overview
9.6.2. Company snapshot
9.7. Mapaero
9.7.1. Company overview
9.7.2. Company snapshot
9.8. PPG Industries, Inc.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Business performance
9.8.5. Key strategic moves and developments
9.9. The Sherwin-Williams Company.
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Business performance
9.9.5. Key strategic moves and developments
9.10. Zircotec
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report titled, India Aerospace Coating Market by Resin Type, Technology, User Type, End-use Industry, and Application: India Opportunity Analysis and Industry Forecast, 2017-2023, the India aerospace coating market was valued at $80 million in 2016, and is projected to reach $130 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023. The solvent based coatings segment accounted for more than 60% share of the India aerospace coating market in 2016.

Aerospace coatings is a high-performance coating material applied on the metal surface of aircraft to provide protection against corrosion, ultraviolet rays & solar heat, climatic stress, and fog. Moreover, these coatings are applied to aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components to reduce the overall weight of the aircraft and minimize CO2 emissions. The growth of the India aerospace coating market is majorly driven by development of the aviation industry. Moreover, advancement in the field of chromo-free technology is the major factor boosting the growth of the market.

In addition, growth in the civil aviation sector due to development of new airports and air services propels the market growth. Furthermore, the demand for high-quality paints & coatings for use in aircraft is on a constant increase, which has led to development in the technologies used for manufacturing aerospace coatings. Nano-coatings are witnessing increased popularity, as they resist drag, dirt, stain, and are widely utilized for retaining shiny colors for a longer period. Thus, increase in use of nanotechnology in paint and coatings industry is anticipated to offer growth opportunity for the market.

The India aerospace coating market is segmented based on resin type, technology, user type, end user, and application. In terms of value, polyurethane resin generated the highest revenue in 2017, and is anticipated to maintain its dominance during the forecast period. High resistance to ultraviolet rays, abrasion, staining, and chemicals fuels the adoption of polyurethane resins. According to technology, the solvent-based coating accounted for a share of 60% of the market in 2017, in terms of volume. By user type, the India aerospace coating market is segmented into original equipment manufacturer and maintenance, repair, and overhaul. Original equipment manufacturer garnered about 73.19% of the market share by value in 2017, and is projected to exhibit prominent growth rate, owing to surge in use of chromium-free product. Depending on end user industry, the commercial aviation generated the highest revenue of $42.62 million in 2017.

According to Onkar Sumant, Manger, Chemical and Material at Allied Market Research, Aerospace coatings manufacturers and research institutions are investing significantly to develop environment-friendly and nonhazardous aerospace coatings. Moreover, technological advancements are expected to enhance the performance of aerospace coatings, making them superior to conventional VOC-contained aerospace coatings.

Key Findings of the India Aerospace Coating Market:

In terms of volume, polyurethane accounted for share of nearly 59.13% in the India aerospace coating market in 2017.
Exterior application is anticipated to grow with the highest CAGR throughout the forecast period.
In terms of value, commercial aviation accounted for 49.45% of the India aerospace coating market in 2017.
The polyurethane resin segment is anticipated to grow at the highest rate in the India aerospace coating market during the analysis period.

The major companies profiled in this report are Akzonobel N.V., BASF SE, Henkel AG, Hentzen Coatings, Inc., IHI Ionbond AG, Mankiewicz GEBR, Mapaero, PPG Industries, INC, The Sherwin-Williams Company, and Zircotec Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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