Aircraft Coatings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity

January 4^th,2023/Industry News Global/ -- This new report from Stratview Research analyses the Aircraft Coatings Market over the trend period from 2017 to 2021 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Market Insights

Aircraft Coatings market was estimated at USD 525.0 Million in 2021 and is likely to grow at a CAGR of 9.7% from 2022-2027 to reach USD 1,029.6 Million in 2027.

Key Players

Some of the key players in the market are-

• Akzo Nobel N.V.
• PPG Industries, Inc
• The Sherwin-Williams Company
• Mankiewicz Gebr. & Co.
• Hentzen Coatings

 Drivers

The market for aerospace coatings is primarily driven by rising demand from various end users, including general, commercial, and military aircraft. Nanotechnology has been adopted in aerospace manufacturing because of the growing trend for lighter and more efficient aircraft.

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Regional analysis:

Asia-Pacific is expected to remain the largest market for aircraft coatings over the forecast period. In addition to that, this region is likely to witness healthy market growth of 10.4% in the coming years. Increasing passenger traffic in the Asia-Pacific region, primarily in China and India, is driving the commercial aerospace industry. This would lead to the highest demand for coatings in the region. Additionally, the upcoming indigenous commercial and regional aircraft, such as COMAC C919, is also pushing the demand for coatings in the Asia-Pacific region.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Article source: https://article-realm.com/article/Finance/34543-Aircraft-Coatings-Market-Size-Share-Trend-Forecast-Competitive-Analysis-and-Growth-Opportunity.html