Sarasota, FL, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Aviation Coating Market (Acrylic, Polyurethane, Epoxy and Other Types) by Process (Powder Coating, Liquid Coating, and Other Process) for General Aviation, Commercial Aviation and Military Aviation: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022” . According to the report, global aviation coating market was valued at over USD 1.31 billion in 2016, is expected to reach above USD 1.95 billion by 2022 and is anticipated to grow at a CAGR of 6.85% between 2017 and 2022.
Aviation coating offers the metals with a wide wear-resistant finish that can prohibit water and air from the surface of the metal to prevent corrosion. There has been tremendous growth in the use of aviation in emerging economies across the globe. Aviation coating is generally carried out using two major processes such as powder coating, liquid coating, and another process.
Browse through 46 Market Tables and 20 Figures spread over 110 Pages and in-depth TOC on "Global Aviation Coating Market: By Industry Type, Size, Share and Forecast 2016 – 2022”.
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Rapidly developing industrialization and urbanization in emerging economies is expected to boost the growth of aviation market which in turn is expected to fuel the aviation coating market. However, regulations restricting Volatile Organic Compound (VOC) emission along with hazardous waste generation and disposal may hamper the growth of aviation coating market. Nonetheless, ongoing research for development in aviation coating is anticipated to propel the growth of aviation coating market in the forecast period. Moreover, growing demand from the emerging countries for the aviation coating market is likely to offer new opportunities in the coming years.
Some of the major aviation coating types are acrylic, polyurethane, epoxy and other types. Polyurethane provides enhanced moisture resistance with high flexibility. Thus, polyurethane is the leading segment due to various end-user applications. Furthermore, acrylic and epoxy are likely to gain market in foresee period. The aviation coating process includes powder coating, liquid coating, and another process. Liquid coating is the most efficient segment owing to its ease of application and requires less machinery as compared to another coating process.
Browse the full " Aviation Coating (Acrylic, Polyurethane, Epoxy and Other Types) Market by Process (Powder Coating, Liquid Coating, and Other Process) for General Aviation, Commercial Aviation, and Military Aviation: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022 " report at https://www.zionmarketresearch.com/report/avi...ing-market
There has been a high usage of powder coatings in defense and other aerospace high-performance applications have been inadequate. This is mainly due to demanding specification requirements, test and development expenses, disinclined customer acceptance of powders, and comparatively low production rates as compared to commercial applications. However, powders are rapidly gaining demand owing to huge environmental regulations and cost constraints on other applications. Some of the major end users of aviation coating are general aviation, commercial aviation and military aviation. Among all, a commercial segment dominated the aviation coating market with significant market share in 2016.
Asia-Pacific is expected to grow at the faster pace for the aviation coating market in the forecast period. Asia Pacific is one of the largest markets for aviation coating owing to regions such as China and India. China is foremost due to widely developing aerospace industry because of the existence of a large number of investors. Rapidly growing tourism in Asia Pacific is anticipated to fuel the growth of the aerospace market in the coming years. Moreover, sustained increase in production rates of the key original equipment manufacturers (OEMs) of commercial aircraft along with advancement in airline activity, the aviation coatings segment is expected to expand in a positive manner over the forecast period. Coating industry is massively building its root over Asia Pacific, therefore, bolstering the growth of the aerospace coatings market.
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North America accounted for the second largest market in 2016. This was mainly attributed to the presence of automated industries in U.S. However, North America is in the direction towards maturity. The incidence of cargo transportation in Europe is superior along with a high number of domestic and international travelers are the factors contributing to the growth of the aviation market which in turn is expected to aid the aviation coating market growth. The domestic and defense aircraft are the major sectors of the European advanced aerospace coatings market. Furthermore, a sharp rise in employment in the European aerospace sector, especially in UK, France, Germany, Italy, Spain, Sweden and Poland, is expected to prosper the aerospace coatings market over the forecast period.
Latin America, Middle East, and Africa are likely to experience decent growth over the coming years. This is mainly attributed to the growing urbanization and industrialization in Brazil. The Brazilian aerospace is the largest industry in the Southern Hemisphere. The Brazil aerospace industry comprises of world class players in the market such as Embraer. This factor is likely to positively impact on the growth of the aviation coating market in this region. The Middle East & Africa is expected to witness sustainable growth in the forecast period owing to improving economic and living standards in this region.
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Some of the global major players in the aviation coating are BASF SE, Akzonobel N.V., IHI Ionbond AG, PPG Industries, Inc., Zircotec Ltd., Mankiewicz Gebr. & Co, Zodiac Aerospace, The Sherwin-Williams Company, Hentzen Coatings, Inc., Henkel AG & Co. KGaA, Mapaero and Merck Performance Materials among others.
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This report segments the aviation coating market as follows: Aviation Coating Market: Type Analysis
- Acrylic
- Polyurethane
- Epoxy
- Others
Aviation Coating Market: Process Analysis
- Powder coating
- Liquid coating
- Others
Aviation Coating Market: End User Analysis
- General aviation
- Commercial aviation
- Military aviation
Aviation Coating Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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