By resin type (polyurethanes, epoxies, etc.), technology (water-based coatings, solvent-based coatings, powder coatings, etc.), user types (original equipment manufacturers and maintenance, repairs and overhauls), end-use By industry (civil aviation, military aviation, general aviation), by region, and by competition.
NEW YORK, Dec. 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Report “Aerospace Coatings Market – Global Industry Size, Shares, Trends, Opportunities and Forecasts, 2018-2028F” – https://www.reportlinker.com/p06377406/?utm_source=GNW
The global aerospace coatings market is projected to grow at an impressive rate through 2028, owing to increasing demand for commercial aircraft. According to reports, the number of aircraft in the United States will increase in 2021 to a staggering 204,405.
The aerospace coatings industry places a strong emphasis on adopting cutting-edge technologies such as waterborne, solventborne and UV curing. Companies highlight performance, labor saving and environmentally friendly raw materials as key growth areas.
Most aerospace coating manufacturers demonstrate a high level of forward integration. We focus on the uniqueness of our products by providing our customers with eco-friendly and VOC-free products.
The aerospace coatings market is expanding rapidly due to the impact of urbanization on the need for building and construction materials. In the next few years, the market is expected to grow owing to increasing R&D spending and continued product development to improve aerospace performance. coating.
Producers of aerospace coatings are expected to benefit from increased aircraft production and sales, especially in developing countries. Leading manufacturers such as Airbus and Boeing are significantly increasing the size of the global aircraft fleet, driving revenue growth in the aerospace coatings market. As more aircraft enter service, his MRO (Maintenance, Repair and Overhaul) demand for various components, parts and systems is expected to increase significantly. This is expected to increase the demand for aerospace coatings.
Rising demand for urbanization and luxury facilities
Increased global air passenger traffic has increased the demand for commercial aircraft, which has led to higher levels of commercial aircraft production. Future market expansion of aerospace coatings is expected to be driven by the global increase in urbanization.
Urbanization describes the flow of people from rural to urban areas and the increase in urban population density. The United Nations Department of Economic and Social Affairs predicts that by 2050, 2.5 billion people, or 68% of the world’s population, will live in urban areas. Therefore, the market for aerospace coatings is expanding due to increasing global urbanization. As the number of aircraft worldwide increases and the utilization of air travel increases, the demand for aerospace coatings will increase.
Growing demand for chromate-free technology
Aluminum is immersed in a solution of potassium dichromate or sodium dichromate and sulfuric acid to form a chromium-based coating. Chromium-based coatings form a thin, corrosion-resistant oxide film that provides surface roughness to metals, facilitates mechanical interlocking, and enhances adhesion.
Primers are usually made of chromate pigments dispersed in epoxy resin. As a function of organic polymer resistance, the organic resin of epoxy-based primers mediates a global galvanic protective potential and provides barrier protection to the substrate.
With approximately 12 million tons of VOCs emitted in the United States in 2021, several countries have enacted strict environmental regulations to reduce VOC emissions. Coated products must comply with Industrial Maintenance (AIM) coating emission requirements set by the U.S. Environmental Protection Agency (EPA). Aqueous coatings must comply with these rules. Over the next few years, the demand for chromate-free coatings is expected to increase due to the increasing demand for greener environments and the consequent reduction of the negative environmental impact of VOC emissions.
Recent development
• In February 2022, PPG acquired Arsonsisi’s Powder Coating Manufacturing Business, an industrial coatings company based in Milan, Italy.
• In March 2021, OEMs such as Airbus and Safran approved an alkaline degreaser introduced by Socomore into its portfolio of surface treatment products. Inks, oils, greases, and other substances can be removed from the surface of parts to clean them.
market segmentation
The global aerospace coatings market is segmented by resin type, technology, user, and end use. Based on resin type, the market is segmented into polyurethane, epoxy, and others.
Based on technology, the market is segmented into waterborne, solventborne, and powder coatings. Based on users, the market is segmented into original equipment manufacturers and maintenance, repair and overhaul.
Based on end use, the market is segmented into commercial aviation, military aviation, and general aviation.
market players
Akzo Nobel NV, The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems Ltd., Asahi Metal Industry Co., Ltd., Brycoat.Inc., International Aerospace Coatings Holdings LP, Nippon Paint Holdings Co., Ltd., Hentzen Coatings, Inc., and BASF Coatings GmbH are major market players.
Reporting scope:
In this report, the global aerospace coatings market is segmented into following categories along with the industry trends detailed below:
Global Aerospace Coatings Market by Resin Type:
o Polyurethane
o Epoxy
o other
• Global Aerospace Coatings Market by Technology:
o water-based
o solvent-based
o powder coating
o other
• Global Aerospace Coatings Market by User Type:
o OEM manufacturers
o Maintenance, Repair, Overhaul Interior
o other
Global Aerospace Coatings Market by End-Use Industry:
o Civil Aviation
o military aviation
o General Aviation
• Global Aerospace Coatings Market by Region:
o North America
America
Canada
Mexico
o Europe
France
Germany
England
Italy
Spain
o Asia Pacific
China
India
Japan
Korea
Australia
South America
Brazil
Argentina
Columbia
o Middle East and Africa
South Africa
Saudi Arabia
United Arab Emirates
turkey
Egypt
competitive environment
Company Profiles: An in-depth analysis of key players in the global aerospace coatings market.
Customization available:
Using the market data given, we offer customization according to the specific needs of the company. The following customization options are available for reports:
About us
• Detailed analysis and profiling of additional market players (up to 5).
Read the full report: https://www.reportlinker.com/p06377406/?utm_source=GNW
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