Global Military Aerospace Coatings Market By Resin Type (Epoxy, Polyurethane, Other), Technology (Liquid Coatings (Solvent-Based, Water-Based) Powder Coating, User Type (MRO, OEM) End-User Industry (Commercial Aviation, Military Aviation, General Aviation), Application (Interior, Exterior) Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa) – Industry Trends and Forecast to 2025
Market Analysis: Global Military Aerospace Coatings Market
The global military aerospace coatings market is expected to reach USD 2.01 billion by 2025, from USD 1.2 billion in 2017 growing at a CAGR of 6.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Military Aerospace Coatings Market
Military aerospace coatings is used to cover aircraft’s outer and inner surface of the aircraft to improve the functional properties of the aircraft. It is high performance coating material designed to resist temperature resistance and various air pressure. It protects the surface from intense UV exposure at higher altitudes, also stabilizes fluctuation of temperature and corrosion. The coating is done on various parts of the air craft such as wing frame, fuselage frame and tail frame. According to The U.S. Aerospace and Defense (A&D) industry, in 2016, Aerospace and Defense industry generated USD 872 billion in sales and generated USD 146 billion from export. As per statista the avation industry generates around 14.8 billion euros revenue in 2000. Thus, above factor proves that aviation industry is growing and will derive the demand for military aerospace coatings.
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Market Segmentation: Global Military Aerospace Coatings Market
By Resin Type
- Liquid Coatings
- Powder Coating
By User Type
By End-Use Industry
- Commercial Aviation
- Military Aviation
- General Aviation
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global Military Aerospace Coatings Market
The global military aerospace coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Military Aerospace Coatings market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In, August, 2015, PPG Industries, Inc. coating is specified for Turkish Aerospace industries for the initial production of its HURKUS new generation trainer for the Turkish armed force.
Key Market Competitors: Global Military Aerospace Coatings Market
The key players operating in the global military aerospace coatings market are –
- PPG Industries, Inc.
- Akzonobel N.V
- The Sherwin-Williams Company
- Hentzen Coatings, Inc
The other players in the market are Mapaero, Creative Coatings Co., Inc., Cloverdale Paint Inc, Marpol Private Limited, Hentzen Coatings, Inc., Kansai Paint Co.,Ltd., The Valspar Corporation, Evonik Industries AG, Klinge Coatings, Humiseal, Argosy International Inc., BryCoat Inc., Mankiewicz Gebr. & Co., Henkel AG & Company KGaA, BASF SE among other.
Research Methodology: Global Military Aerospace Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global military aerospace coatings market
- Analyze and forecast military aerospace coatings market on the basis of product resin type, technology, user type, end-use industry and application.
- Trends of key regional and country-level markets for product resin type, technology, user type and end-use industry and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.