Aerospace Coatings Market Size, Share, Analysis, Forecasts, 2032

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Aerospace is a diverse industry which comprises of space, commercial aviation, defense and military, business aviation. A single aircraft is a highly complex assembly of specific machinery and components. This specific component has its own technical functionalities and requirements. When it comes to airplanes or aircraft, the coating part represents a highly technical challenge for paint makers because the coating is important in the aircraft and aerospace industry as compared to the paints. This is because they need to withstand temperature variations ranging from -44.45°C in the air to 50°C on the ground, as well as it should possess the ability to withstand strong UV ray exposure at 35,000 feet. Including temperature fluctuations, the coatings also need to withstand the air pressure variations, resist erosion from air drag and deflect which is caused by the impact of dust traveling at 500 mph and resist contact with aggressive fluids such as de-icing fluids and hydraulic liquids. 

The aerospace coating is experiencing the highest growth rate in developed as well as developing nations. The development of the market is totally driven by technology. The introduction to the chrome-free and low VOC coatings is expected to drive the growth of the market. This is because of the strict government rules and regulations formulated across the nations in order to maintain sustainability. Rising fuel cost and increase in passenger traffic across the globe due to economical airfares are going to have a positive impact on the development and growth of the market. In addition, continuous R&D activity to lower the manufacturing and operating cost with enhanced production efficiency is the key focus area of the manufacturers. Furthermore, the rising need to replace old and less-efficient airplanes is expected to propel the market growth. Such factors are contributing to the aerospace coatings market growth over the forecast period.

Based on resin, the aerospace coatings market is segmented into epoxy, polyurethanes, and others. On the basis of technology, the market is segmented into liquid based coatings and powder-based coatings. On the basis of application, the market is categorized into interior and exterior. On the basis of end-user, the market is bifurcated into commercial aviation, military aviation, and general aviation. 

Asia Pacific is expected to grow at the highest CAGR rate in the global aerospace coatings market during the forecast period. The growth of this regional market is attributed due to high demand from India, China, Vietnam, Singapore, and South Korea. Moreover, Singapore and Malaysia are the nations which are considered for providing MRO services to regional and international airlines. These factors are anticipated to further drive the industry growth in the region over the forecast period. The Middle East and Africa region are predicted to provide significant opportunities for aerospace coatings. The increase in the air traffic in the region is expected to fuel the market. Such factors are expected to drive the aerospace coatings market growth over the forecast timeframe.  

Some of the industry players operating in the aerospace coatings market include Hohman Plating & Manufacturing LLC, NVSC Specialty, Asahi Kinzoku Kogyo Inc., Cheaerospacel, AHC Oberflchentechnik GmbH, Argosy International, International Aerospace Coatings Holdings LP, Brycoat Inc., Coatings, Merck Performance Materials, and Zodiac Aerospace.