(PharmaNewsWire.Com, March 14, 2018 ) Over the past few years, investment in the aerospace infrastructure, which encompassed airports, support vehicles, airline finance, and manufacturing facilities has surged. According to a recent analysis, the global aerospace coatings market will witness a spike in investment on account of rising aircraft manufacturing and increased spending on their maintenance and repair. Market Research Hub (MRH) has freshly broadcasted this latest study to its massive online portfolio, which is titled as "Aerospace Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025".
This 305-page study focuses on analyzing past trends from 2012 to 2016 and forecasts future prospects from 2017 to 2025 of global aerospace coatings market in terms of volume and revenue.
As the name suggests, aerospace coatings are used to coat the interior and external structural components of aircraft. It offers high resistance to corrosion, solar heat & ultra violet rays, fog, and other adverse weather conditions. Along with high protection, it also reduces the weight of aircraft and thus helps reduce CO2 emissions.
According to the study key highlights, the global aerospace coatings market has reached a valuation at US$1,537.9 mn in 2016. The growth is steadily expanding at a CAGR of 5.8% between 2017 and 2025 and anticipated to create the value of US$2,532.9 mn by the end of 2025. Increasing air passenger traffic, emerging economies and growing number of low-cost carriers are expected to boost the aerospace coatings market in the future. The recent trend of spending heavily on military and space programs are expected to fuel the growth of the aerospace market in near future.
Research Inclusions The report is a result of thorough research based on primary and secondary research which is conducted for analyzing trends and forecast the expected market revenue of aerospace coatings. Also, the report offers detailed qualitative analysis on the key factors that are impacting the growth of the market. The qualitative analysis comprises information on drivers, restraints, opportunities, and threats that are shaping the demand for aerospace coatings. In addition, the report also derives information on major market segments, which are playing a vital role in the global aerospace coatings market.
Aerospace coatings market has been categorized as resin, technology, user, end-user and geography. The resin segment of aerospace coatings market can be classified as polyurethane, epoxy, acrylics and others. The technology segment of aerospace coatings market is categorized into water-based, solvent-based and other technology segments including powder-based technology. Among technologies the market offers, the demand for water-based technology has been growing rapidly. The geographical segregation of the report analyzes aerospace coatings market scope in some of the broad regions, such as North America, Europe, Asia Pacific, Latin America and the Middle East. Amongst, North America appeared dominant in the earlier years, driven by significant contribution from the US and rising investment in the military and science & technology domains.
Another valuable section of the report provides the competitive scenario in a dashboard view. The report also provides information about the major players associated with the aerospace coatings market, such as PPG Industries, Inc, Akzo Nobel N.V., The Sherwin-Williams Company, Hentzen Coatings Inc, Mankiewicz Gebr. & Co etc.
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