Surging Demand of Air Traffic Resulting in Growth of Aerospace Industry and Utilization of Environmental Friendly Coating to Increase Quality and Efficiency are Driving the Growth of India Aerospace Coatings Market in the forecast period of 2019 to 2026

Drivers: India Aerospace Coatings Market

  • Surging demand of air traffic resulting in growth of aerospace industry
  • Utilization of environmental friendly coating to increase quality and efficiency

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Restraint:

Rising number of stringent regulations adds complexities for aerospace coating manufacturers

Opportunity:

Rising engineering as well as design services industry in India

Challenge:

Rise in prices of raw materials

Market Trends:

India aerospace coatings market is segmented into five notable segments which are by resin type, technology, sector, application and aerospace type.

  • On the basis of resin type, the market is segmented into polyurethane, epoxy, silicone, polyester, acrylic and others. In 2019, epoxy segment is expected to dominate the India aerospace coatings
  • On the basis of technology, the market is segmented into liquid coating and powder coating.
  • On the basis of sector, the market is segmented into MRO and OEM.
  • On the basis of application, the market is segmented into interior and exterior.
  • On the basis of aerospace type, the market is segmented into commercial airlines, general aviation and military air.

Major Players: India Aerospace Coatings Market

Some of the major players operating in this market are:

  • Hentzen Coatings, Inc.
  • Henkel AG & Co. KGaA
  • IHI Ionbond AG
  • Chase Corp
  • Creative Coatings
  • PPG Industries, Inc.
  • BASF SE
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company