Aviation Coating Global Market Estimates USD 1.95 Billion by 2022
According to the report, global aviation coating market was valued at over USD 1.31 billion in 2016, is expected to reach above USD 1.95 billion by 2022 and is anticipated to grow at a CAGR of 6.85% between 2017 and 2022.
Sarasota, FL -- (SBWire) -- 11/08/2017 --About Zion Market Research
Zion Market Research has published a new report titled "Aviation Coating Market (Acrylic, Polyurethane, Epoxy and Other Types) by Process (Powder Coating, Liquid Coating, and Other Process) for General Aviation, Commercial Aviation and Military Aviation: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, global aviation coating market was valued at over USD 1.31 billion in 2016, is expected to reach above USD 1.95 billion by 2022 and is anticipated to grow at a CAGR of 6.85% between 2017 and 2022.
Aviation coating offers the metals with a wide wear-resistant finish that can prohibit water and air from the surface of the metal to prevent corrosion. There has been tremendous growth in the use of aviation in emerging economies across the globe. Aviation coating is generally carried out using two major processes such as powder coating, liquid coating, and another process.
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Rapidly developing industrialization and urbanization in emerging economies is expected to boost the growth of aviation market which in turn is expected to fuel the aviation coating market. However, regulations restricting Volatile Organic Compound (VOC) emission along with hazardous waste generation and disposal may hamper the growth of aviation coating market. Nonetheless, ongoing research for development in aviation coating is anticipated to propel the growth of aviation coating market in the forecast period. Moreover, growing demand from the emerging countries for the aviation coating market is likely to offer new opportunities in the coming years.
Some of the major aviation coating types are acrylic, polyurethane, epoxy and other types. Polyurethane provides enhanced moisture resistance with high flexibility. Thus, polyurethane is the leading segment due to various end-user applications. Furthermore, acrylic and epoxy are likely to gain market in foresee period. The aviation coating process includes powder coating, liquid coating, and another process. Liquid coating is the most efficient segment owing to its ease of application and requires less machinery as compared to another coating process.
Browse the full " Aviation Coating (Acrylic, Polyurethane, Epoxy and Other Types) Market by Process (Powder Coating, Liquid Coating, and Other Process) for General Aviation, Commercial Aviation, and Military Aviation: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/aviation-coating-market
There has been a high usage of powder coatings in defense and other aerospace high-performance applications have been inadequate. This is mainly due to demanding specification requirements, test and development expenses, disinclined customer acceptance of powders, and comparatively low production rates as compared to commercial applications. However, powders are rapidly gaining demand owing to huge environmental regulations and cost constraints on other applications. Some of the major end users of aviation coating are general aviation, commercial aviation and military aviation. Among all, a commercial segment dominated the aviation coating market with significant market share in 2016.
The aviation coating market was dominated by Asia Pacific in 2016 and was considered to be the highest revenue generating region. This was mainly due to the huge investment in defense by the governing bodies of China & India. Moreover, accomplishment from the Indian government for improvement of tourism in India is expected to be the most prominent markets in the near future. In 2016, North America was considered the potent markets for the aviation coating market. This was mainly due to high consumption of aviation coating market in U.S and Germany. Europe is expected to experience lucrative growth over the forecast period owing to rapidly growing cargo transportation in Europe. Latin America is expected to witness decent growth over the period of years due to growing industrialization in Brazil. The Middle East and Africa are anticipated to propel the growth of aviation coating market in the forecast period.
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Some of the global major players in the aviation coating are BASF SE, Akzonobel N.V., IHI Ionbond AG, PPG Industries, Inc., Zircotec Ltd., Mankiewicz Gebr. & Co, Zodiac Aerospace, The Sherwin-Williams Company, Hentzen Coatings, Inc., Henkel AG & Co. KGaA, Mapaero and Merck Performance Materials among others.
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