Growing trend of lighter and efficient aircrafts has led to adoption of nanotechnology in aerospace manufacturing. Nano-structure metals are used in aircraft manufacturing, as nano structure metals have better properties than larger grain structures. Nano-Structure metals offers tensile strength, corrosion resistance, and low density along with lighter material. This light weight of aircraft construction leads to less fuel consumption and low carbon footprint.
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Aircrafts are subjected to high climatic stress which causes wear & tear of metal surfaces, which results in frequent maintenance and repair. Aviation Coatings offer high resistance against corrosion, solar heat & ultra violet rays, fog, and other adverse weather conditions. Along with high protection, it also reduces the weight of aircrafts, and thus helps reduce CO2 emissions. Increase in number of aircrafts due to growth of aviation industry in the emerging markets such as China, and India is expected to propel the demand for Aviation Coatings. Airline mergers are of significant interest for Aviation Coatings manufacturers, which is expected to fuel the growth of Aviation Coatings market during the forecast period.
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The global Aviation 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 the market 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 Aviation Coatings market includes exterior and interior surface of the aircraft. Geographically, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is anticipated to grow at significant rate from 2017 to 2027. Increase in cargo traffic, rise in number of air travellers, and international trade in emerging countries, such as China and India has led to the growth of aerospace industry, which offer lucrative opportunities to market players.
Commercial aviation is the most lucrative market for Aviation Coatings and is expected, to grow at the significant CAGR during the forecast period. Rise in number of air travellers, increase in cargo traffic, and growth in international trade has led to the development of commercial aviation industry, which fuels the market. Military aviation is the second most attractive market due to the increase in investment in military & defence sector in countries such as U.S., Mexico, China, India, and Russia.
Some of the key players operating in the global Aviation Coatings market include 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.
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