Global Military Aerospace Coatings Market Size By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft), By Resin (Epoxy, Polyurethane), By Application (Engine, Interior, and Exterior), By Geography Scope And Forecast
Global Military Aerospace Coatings Market Size By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft), By Resin (Epoxy, Polyurethane), By Application (Engine, Interior, and Exterior), By Geography Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
MilitaryAerospace Coatings Market size was standing at USD 346 in 2022 Million and is estimated to stand at USD 482.2 Million by 2030, registering a CAGR of 4.2% from 2024 to 2030.
We think the global MilitaryAerospace Coatings Market is going to grow in the coming years, and here's whyAerospace coatings are being used more and more in commercial aircraft because they're tough, resisting scratches and keeping their shine. This is a big factor. Plus, the military loves these coatings for their planes since they can handle extreme temperatures, sunlight, and all kinds of weather. Our Global Military Aerospace Coatings Market report takes a deep dive into all of this. It gives you the full picture, looking at the important parts of the market, the trends, what's helping and hurting growth, who the big players are, and everything else that matters.
Global Military Aerospace Coatings Market Definition
Aerospace Coatings is a covering applied on commercial or military aircraft’s exterior and interior surfaces for decorative or functional purposes like corrosion resistance, temperature resistance, etc. Aerospace Coating is primarily used for aircraft components like wings, interior floors, door frames, tail wings, wheels, aircraft components, radiators, metal surfaces, shelves, valves, etc.
The primary use of Aerospace Coatings is in the Commercial Aircraft Industry. The desirable properties of Aerospace Coatings, like quick drying in ambient temperature, Chemical resistance, temperature resistance, abrasion resistance, scratch resistance, and gloss retention, are expected to increase the usage of Coating in Commercial Aircraft Industries.
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Global Military Aerospace Coatings Market Overview
The demand for Military Aerospace Coatings is really taking off! It's not just for making new stuff (original equipment production), but also for keeping things running smoothly with maintenance, repair, and overhaul. That's the big reason the market's growing. Plus, we're seeing these coatings used for more and more things in the aerospace and defense world, which is a huge boost. We're expecting the market to keep growing because these coatings are showing up in commercial aircraft too, thanks to awesome qualities like how well they keep their shine and how scratch-resistant they are.
Additionally, the usage of aerospace coatings in military aircraft, because of its advantageous qualities, such as temperature resistance, exposure to light, and high weather ability, is anticipated to fuel the Military Aerospace Coatings Market throughout the anticipated time frame. In addition, several by-product qualities, including weather resistance and high strength, are thought to encourage the use of the commodities, which is predicted to bolster the target market’s expansion throughout the forecast period. The demand for liquid-based coating technology is anticipated to rise due to better inner corner coverage, smoother finish, and uniformity throughout the projected period.
Global Military Aerospace Coatings Market Segmentation Analysis
The Global Military Aerospace Coatings Market is Segregated Based on Aircraft Type, Resin, Application, and Geography.
Military Aerospace Coatings Market, By Aircraft Type
Narrow-body aircraft
Wide-body aircraft
Military aircraft
Spacecraft
Based on Aircraft Type, The global market is distributed into Narrow-Body Aircraft, Wide-Body Aircraft, Military Aircraft, and Spacecraft. Narrow-body aircraft hold the highest market share owing to the rising demand for aircraft platforms such as Airbus.
Military Aerospace Coatings Market, By Resin
Epoxy
Polyurethane
Others
Based on Resin, The global Military Aerospace Coatings Market is further distributed into Epoxy, Polyurethane, and Others. The polyurethane segment will take over the market with the highest share due to its various properties, such as flexibility, durability, chemical resistance, etc.
Military Aerospace Coatings Market, By Application
Engine
Interior
Exterior
Based on Application, The global market is further bifurcated based on Engine, Interior, and Exterior applications. The exterior segment will have a boosted share in the market because of the critical demand from both OEMs and aftermarkets.
Military Aerospace Coatings Market, By Geography
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Based on Geography, the global Military Aerospace Coatings Market is divided into Asia Pacific, North America, the Middle East, Europe and Africa, and Latin America. North America is the leading region in the global military aerospace coating market due to the rising technological advancements in the region.
Key Players
Want to know who's who in the military aerospace coatings world? Our report gives you the lowdown on the competition and the top dogs. We're talking about the big names like BASF SE, Akzo Nobel N.V., Argosy International, and Brycoat.Inc, Hentzen Coatings, Inc., Henkel AG & Co. KGaA, Mapaero, OC Oerlikon Corporation AG, Hohman Plating, IHI Ion bond AG, Mankiewicz Gebr, PPG Industries Inc., Praxair Inc., The Sherwin-Williams Company, Zircotec Ltd. We've even got a special section just for these major players! Our experts give you a clear picture of their finances, how their products stack up, and a SWOT analysis to see their strengths, weaknesses, opportunities, and threats. You'll get a real feel for who's leading the pack and where they're headed.
Key Developments
In July 2022, PPG collaborated with the UK airline brand and developed consultancy Aerobrand to offer airline customers a good service integrating paint supply with livery design.
In July 2022, Akzo Nobel released a total of EUR 15 million investment in the company’s aerospace coatings unit in Pamiers, which Mapaero acquired in 2019.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Military Aerospace Coatings Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces Model
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Military Aerospace Coatings Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
BASF SE, Akzo Nobel N.V., Argosy International, and Brycoat.Inc, Hentzen Coatings, Inc., Henkel AG & Co. KGaA, Mapaero, OC Oerlikon Corporation AG, Hohman Plating, IHI Ion bond AG, Mankiewicz Gebr, PPG Industries Inc., Praxair Inc., The Sherwin-Williams Company, Zircotec Ltd.
SEGMENTS COVERED
By Aircraft Type, By Resin, By Application, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dig into the market with both qualitative and quantitative analysis, looking at things like money and even less obvious stuff by breaking down the market into smaller parts. You'll get market value data in USD Billion for each of those parts and sub-parts. We'll point out which area and segment should grow the quickest and be the biggest. Plus, we'll analyze each region, showing you where the product/service is being used the most and what's impacting the market there. See who's on top with a competitive landscape view that ranks the big players, notes their new stuff, deals, expansions, and purchases from the last five years. We give you the lowdown on companies with extensive profiles that cover their overview, insights, product comparisons, and even a SWOT analysis. Get a feel for where the market is heading, based on what's happened lately, including growth chances, what's driving things, and what's holding things back in both new and established areas. We use Porter's five forces analysis to really understand the market from all angles and take you through the Value Chain to show how it all connects. Finally, we give you the scoop on market dynamics, along with potential growth areas in the coming years. Learn More
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