Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1859.5 Million | USD 2652.70213 Million | 6.1% | 2021 |
FrequentlyAsked Questions
In emerging regions, people are starting to travel by air much more often now, and therefore the aerospace industry is experiencing an increase in the passenger air travel segment. The reason for this is low-cost carriers and people from the developing economies of APAC, Middle East & Africa, and South America are opting for air travel more than before. The number of people using air transport is increasing, in turn driving the demand for larger airplanes. This demand is projected to fuel the growth of aerospace coatings.
According to the Market Research report, The Aerospace Coatings Market was worth around USD 1859.5 million in 2021 and is estimated to grow to about USD 2652.70213 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.1 percent over the forecast period.
The North American region is expected to dominate both in terms of regional CAGR and market share. The reason for this is that the United States manufactures and exports the largest number of aircraft in the world. Followed by it, the European region has the second-largest aerospace coatings market share.
Some of the main competitors dominating the Aerospace Coatings market include - PPG Industries, AkzoNobel N.V., Mankiewicz Gebr. & Co., Hentzen Coatings, Inc., and Sherwin Williams.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed