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Aerospace Coatings Market by Resin Type, by Technology, by User Type, by End-use Industry and by Application - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612668
  • Report
  • Region: Global
  • 210 pages
  • Allied Analytics LLP
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Global aerospace coatings market revenue is expected to reach $2,433 million by 2023, from $1,587 million in 2016, with a CAGR of 6.3% from 2017 to 2023. Aerospace coatings is a high-performance coating material, which provides protection against corrosion, ultraviolet rays & solar heat, climatic stress, and fog and offers wear resistance to aircraft surfaces, thus reducing the amount of time for maintenance and repair. The coatings applied reduce the weight of the aircrafts and improve the fuel economy, thereby reducing CO2 emissions. Coatings are applied to the aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components. Epoxy and polyurethane resin-based coatings are generally used in aerospace coatings. Silicone, polyester, and acrylic resins are other types of aerospace coatings.

Polyurethane resin type has high resistance to abrasion, staining, and chemicals. Moreover, unlike epoxy, polyurethane resins have high degree of resistance to the damaging effects of ultraviolet rays from the sun, which makes it a preferred choice in the aerospace coatings market. Technology wise, solvent-based coatings is the leading segment in 2016. It produces immediate waterproofing protection after application, even before they have dried. Thus, rain after application does not damage the coating. High coverage on inside and hard to reach components & parts, smooth & uniform finish further propels the growth.

Chrome-based coating processes are no longer used in many markets because of issues related to health, safety, and environmental protection. Thus, development of chrome-free technology is expected to drive the market during the forecast period. Airlines merger & acquisition and changes in business models are projected to fuel the market, which increases the need to repaint their fleets. Moreover, superior performance of powder coatings technology and its ability to recycle leads to optimum utilization of powder coatings drives the growth of global aerospace coatings market.

Asia-Pacific is expected to be the fastest growing aerospace coatings market from 2017 to 2023. Increase in number of aircrafts due to aviation industry growth in emerging markets such as China and India is estimated to propel the demand for aerospace coatings.

The global aerospace coatings market is segmented based on resin type, technology, user type, end-use industry, and geography. Based on resin type, the market is divided into epoxy, polyurethane, and others. Based on technology, it is segmented into solvent-based coatings, water-based coatings, powder coatings, and others. User type segment is classified into original equipment manufacturer (OEM) and maintenance, repair & overhaul (MRO). The end-use industry is segmented as commercial aviation, military aviation, and general aviation. Application of aerospace coatings market includes exterior and interior surface of the aircraft. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players profiled in this study include the following:

Akzonobel N.V.
BASF SE
Henkel AG & Co. KGaA
Hentzen Coatings, Inc.
IHI Ionbond AG
Mankiewicz Gebr. & Co.
Mapaero
PPG Industries, Inc.
The Sherwin-Williams Company
Zircotec Ltd.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global aerospace coatings market to elucidate the prevailing opportunities and the probable investment pockets.
It offers qualitative trends as well as quantitative analysis from 2016 to 2023 to assist the stakeholder understand the market scenario.
In-depth analysis of the key segments demonstrates the application of aerospace coatings across various user types and end-use industries.
Competitive intelligence highlights the business practices followed by key players across the geographies as well as the prevailing market opportunities.
Key players are profiled along with the strategies and developments, which portray the competitive market outlook.

KEY MARKET SEGMENTS

By Resin Type

Epoxy
Polyurethane
Others

By Technology

Solvent-Based Coatings
Water-Based Coatings
Powder Coatings
Others

By User Type

Original Equipment Manufacturer
Maintenance, Repair & Overhaul

By End-use Industry

Commercial Aviation
Military Aviation
General Aviation

By Application

Exterior
Interior

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Korea
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
UAE
Rest of LAMEA

KEY PLAYERS

AHC Oberflächentechnik GmbH
Argosy International
Asahi Kinzoku Kogyo Inc.
Brycoat Inc.
Cheaerospacel
Hohman Plating & Manufacturing LLC
International Aerospace Coatings Holdings LP
Merck Performance Materials
NVSC Specialty Coatings
Zodiac Aerospace

(Companies mentioned above are not profiled in the report, but can be profiled upon client request.)
Note: Product cover images may vary from those shown
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CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

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. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Development of chrome-free technology
3.4.1.2. Increase in number of aircrafts due to aviation industry growth in emerging markets such as India and China
3.4.2. Restraints
3.4.2.1. Volatile nature of raw material prices
3.4.2.2. Harmful environmental impact of chromium and lead-based heavy metals
3.4.3. Opportunities
3.4.3.1. Changes in business models leading to airlines merger & acquisition
3.5. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL AEROSPACE COATINGS MARKET, BY RESIN TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. POLYURETHANE
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.3. EPOXY
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.4. OTHERS
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast

CHAPTER 5. GLOBAL AEROSPACE COATINGS MARKET, BY TECHNOLOGY
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. SOLVENT BASED COATINGS
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.3. WATER BASED COATINGS
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.4. POWDER COATINGS
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast
5.5. OTHERS
5.5.1. Key Market Trends, Growth Factors, and Opportunities

CHAPTER 6. GLOBAL AEROSPACE COATINGS MARKET, BY USER TYPE
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. ORIGINAL EQUIPMENT MANUFACTURER
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.3. MAINTENANCE, REPAIR & OVERHAUL
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast

CHAPTER 7. GLOBAL AEROSPACE COATINGS MARKET, BY END-USE INDUSTRY
7.1. INTRODUCTION
7.1.1. Market Size and Forecast
7.2. COMMERCIAL AVIATION
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast
7.3. MILITARY AVIATION
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast
7.4. GENERAL AVIATION
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast

CHAPTER 8. MARKET SIZE AND FORECAST GLOBAL AEROSPACE COATINGS MARKET, BY APPLICATION
8.1. INTRODUCTION
8.1.1. Market Size and Forecast
8.2. EXTERIOR
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast
8.3. INTERIOR
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast

CHAPTER 9. GLOBAL AEROSPACE COATINGS MARKET, BY GEOGRAPHY
9.1. INTRODUCTION
9.1.1. Market Size and Forecast
9.2. NORTH AMERICA
9.2.1. Key Market Trends, Growth Factors, and Opportunities
9.2.2. Market Size and Forecast
9.2.3. U.S.
9.2.3.1. Market size and forecast, by resin type
9.2.4. Canada
9.2.4.1. Market size and forecast, by resin type
9.2.5. Mexico
9.2.5.1. Market size and forecast, by resin type
9.3. EUROPE
9.3.1. Key Market Trends, Growth Factors, and Opportunities
9.3.2. Market Size and Forecast
9.3.3. UK
9.3.3.1. Market size and forecast, by resin type
9.3.4. Germany
9.3.4.1. Market size and forecast, by resin type
9.3.5. France
9.3.5.1. Market size and forecast, by resin type
9.3.6. Italy
9.3.6.1. Market size and forecast, by resin type
9.3.7. Spain
9.3.7.1. Market size and forecast, by resin type
9.3.8. Rest of Europe
9.3.8.1. Market size and forecast, by resin type
9.4. ASIA-PACIFIC
9.4.1. Key Market Trends, Growth Factors and Opportunities
9.4.2. Market Size and Forecast
9.4.3. China
9.4.3.1. Market size and forecast, by resin type
9.4.4. Japan
9.4.4.1. Market size and forecast, by resin type
9.4.5. Korea
9.4.5.1. Market size and forecast, by resin type
9.4.6. India
9.4.6.1. Market size and forecast, by resin type
9.4.7. Rest of Asia-Pacific
9.4.7.1. Market size and forecast, by resin type
9.5. LAMEA
9.5.1. Key Market Trends, Growth Factors, and Opportunities
9.5.2. Market Size and Forecast
9.5.3. Brazil
9.5.3.1. Market size and forecast, by resin type
9.5.4. Argentina
9.5.4.1. Market size and forecast, by resin type
9.5.5. Saudi Arabia
9.5.5.1. Market size and forecast, by resin type
9.5.6. UAE
9.5.6.1. Market size and forecast, by resin type
9.5.7. Rest of LAMEA
9.5.7.1. Market size and forecast, by resin type

CHAPTER 10. COMPANY PROFILES
10.1. AKZONOBEL N.V.
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Business Performance
10.1.5. Key Strategic Moves and Developments
10.2. BASF SE
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Operating Business Segments
10.2.4. Business Performance
10.2.5. Key Strategic Moves and Developments
10.3. HENKEL AG & CO. KGAA
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Operating Business Segments
10.3.4. Business Performance
10.3.5. Key Strategic Moves and Developments
10.4. HENTZEN COATINGS, INC.
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Operating Business Segments
10.4.4. Business Performance
10.4.5. Key Strategic Moves and Developments
10.5. IHI IONBOND AG
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Operating Business Segments
10.5.4. Business Performance
10.5.5. Key Strategic Moves and Developments
10.6. MANKIEWICZ GEBR. & CO.
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Operating Business Segments
10.6.4. Business Performance
10.6.5. Key Strategic Moves and Developments
10.7. MAPAERO
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Operating Business Segments
10.7.4. Business Performance
10.7.5. Key Strategic Moves and Developments
10.8. PPG INDUSTRIES, INC.
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Operating Business Segments
10.8.4. Business Performance
10.8.5. Key Strategic Moves and Developments
10.9. THE SHERWIN-WILLIAMS COMPANY
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Operating Business Segments
10.9.4. Business Performance
10.9.5. Key Strategic Moves and Developments
10.10. ZIRCOTEC LTD.
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Operating Business Segments
10.10.4. Business Performance
10.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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Aerospace Coatings Market Report, forecasts that the global market was valued at $1,587 million in 2016 and is expected to garner $2,433 million by 2023, registering a CAGR of 6.3% during the forecast period 2017 - 2023. In 2016, polyurethane resin segment accounted for approximately three-fifths of the total share in terms of revenue.

Aerospace coatings is a high-performance coating material that offers high wear resistance to aircraft surfaces. Its ability to protect against corrosion, ultraviolet rays & solar heat, climatic stress, and fog helps reduce the amount of time and cost required for maintence and repair. These coatings applied to aircraft surface, engines, fuselage components, wings, propellers, landing gears, interiors, and other components reduce the overall weight of the aircraft and improve the fuel economy, thereby reducing CO2 emissions.

Rise in number of air travelers, increase in cargo traffic, and growth in intertiol trade has led to the development of the commercial aviation industry which is anticipated to fuel the market. Increase in investment in military & defense sector in countries such as the U.S., Mexico, Chi, India, and Russia is further expected to drive the market growth. Moreover, development of chrome-free technology is projected to act as a market driver during the forecast period.

Polyurethane resin generated the highest revenue in 2016 and is anticipated to maintain its domince during the forecast period. It has high degree of resistance to the damaging effects of ultraviolet rays from the sun. Moreover, it has high resistance to abrasion, staining, and chemicals.

However, several regulations imposed by the Environmental Protection Agency (EPA) of the U.S. and Registration Evaluation Authorization and Restriction of Chemicals (REACH) of Europe on the usage of a wide range of solvent-borne coatings having high toxic solvents, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs) such as chromium and lead-based heavy metals is projected to hamper the market growth during the forecast period.

Key findings of Aerospace Coatings Market:

Asia-Pacific is expected to continue to lead the market in terms of value during the forecast period, followed by North America
Polyurethane resin type segment generated the highest revenue and is projected to grow at a highest CAGR of 6.9% during the forecast period.
Commercial aviation is the largest end-use industry in aerospace coatings market, registering highest CAGR 6.8% during the forecast period.
Europe accounted for approximately more than one-fourth share in the aerospace coatings market in 2016.
The aerospace coatings market in Asia-Pacific is anticipated to grow at the highest CAGR from 2017 to 2023.

Asia-Pacific and LAMEA collectively contributed approximately two-fifths of the market share in 2016, as cost of flying has increased owing to the rise in the economy and disposable income of the people in various countries such as India, Chi, Brazil, Indonesia, and Korea.

The key players operating in the global concrete admixtures market are Akzonobel N.V., BASF SE, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co., 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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