DUBLIN--(BUSINESS WIRE )--The "Aerospace Coatings Market by Resin Type, Technology User Type , End Use Industry , Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Aerospace Coatings Market size was valued at USD 2.15 billion in 2021, and it is anticipated to project an elevation of USD 3.42 billion by 2030, growing with a CAGR of 5.2% from 2022-2030.
The global aerospace coatings market held a volumetric sale of 684.6 kilotons in 2021 that is expected to level-up up to 1137.8 kilotons by 2030, with a CAGR of 5.7% from 2022-2030.
Aerospace coatings offer a high protection shield against extreme temperature ranges, intense ultraviolet exposure, erosion from air drag, corrosion due to humidity and help in deflecting the impact of high velocity dust particles. Reducing the weight of the aircraft, it helps resist cracking due to fluctuating air pressures as well as contact with aggressive fluids.
The North American region dominated the global aerospace coatings market in the past, and it is anticipated to hold the highest market share during the forecast period. This is attributable to the factors such as the thriving aerospace industry, high R&D investments, and technological advancements.
The Asia-Pacific region holds the second largest market share in the global aerospace coatings market, and it is expected to grow at the highest CAGR. This is attributable to major investments by the developing countries to develop new air routes, upgradation of existing airports, development of long-haul airline routes as well as increased air defense budget of developing countries majorly India and China.
The cutting-edge product launches, facility expansions and collaborations among the market players are taking the global aerospace coatings market to new heights. For instance, in October 2019, the global leader in motion and control technologies, Parker Hannifin Corporation took over the LORD Corporation, a leading manufacturer of advanced adhesives and coatings, as well as vibration and motion control technologies, paying a hefty USD 3.675 billion. With this acquisition, Parker aims at creating a strong organization opting to deliver robust material science capabilities, advanced electrification, and high-tech aerospace product
2. Aerospace Coatings Market - Executive Summary
2.1. Market Snapshot, 2021 - 2030, Million USD
3.2.1.1. Increasing demand for Commercial Aircraft
3.2.1.3. Advancements in the Aerospace industry
3.2.2.1. Stringent and time-consuming regulatory policies
3.2.2.2. Negative impact of COVID-19 on Aerospace Coating
3.2.3.1. Increasing demand for the Epoxy Resins
4. Global Aerospace Coatings Market, By Resin Type
5. Global Aerospace Coatings Market, By Technology
6. Global Aerospace Coatings Market, By User Type
7. Global Aerospace Coatings Market, By End-User
8. Global Aerospace Coatings Market, By Application
9. Global Aerospace Coatings Market, By Region
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900