Report : Asia Pacific Aerospace Coating Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resin Type ( Epoxy, Polyurethane, Others ); Technology ( Liquid Coating, Powder Coating ); End-User ( Commercial Aviation, Military Aviation, General Aviation), and Country
Advantage of using Aerospace Coating is projected to escalate the Aerospace Coating market growth at CAGR of 6.7% during 2020–2027
According to our latest market study on “Asia Pacific Aerospace Coating Market Forecast to 2027 – COVID-19 Impact and Asia Pacific (APAC) Analysis – By Resin Type ( Epoxy, Polyurethane, Others ); Technology ( Liquid Coating, Powder Coating ); End-User ( Commercial Aviation, Military Aviation, General Aviation), and Country,” the market was valued at US$ 409.26 million in 2019 and is projected to reach US$ 678.48 million by 2027; it is expected to grow at a CAGR of 6.7% during the forecast period. The report highlights key factors driving the market growth and prominent players, along with their developments in the market.
Aircrafts has to withstand high climatic stress which generally damages the metal surface resulting in frequent repairs and maintenance. Aerospace coatings provides high resistance against corrosion, ultraviolet rays and solar hear, fog and other adverse weather conditions. Aerospace coating not only provides protection the aircraft but also reduces the weight of the aircraft which helps in reducing CO2 emission. The requirement of coatings for aircraft is also due to the change in environment regulations. Aerospace coatings are designed in order to prevent temperature fluctuations, variable air pressure and variable air instabilities. Miniaturization, Precision and high strength has become the important features of aerospace coating.
Aerospace coating not only provides protection the aircraft but also reduces the weight of the aircraft which helps in reducing CO2 emission. The requirement of coatings for aircraft is also due to the change in environment regulations. Aerospace coatings are designed in order to prevent temperature fluctuations, variable air pressure and variable air instabilities. Miniaturization, Precision and high strength has become the important features of aerospace coating.
The Asia Pacific Aerospace Coating market is concentrated with a few well-established players such as Akzo Nobel N.V., BASF SE, Hardide plc., Henkel AG & Co. KGaA, Hentzen Coatings, IHI Ionbond AG, Mankiewicz Group, PPG Industries, Inc., The Sherwin-Williams Company, Zircotec.
Impact of COVID-19 Pandemic on Aerospace Coating Market
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the supply of Aerospace Coating.
The report includes the segmentation of the Asia Pacific Aerospace Coating market as follows:
By Resin Type
- Epoxy
- Polyurethane
- Others
By Technology
- Liquid Coating
- Powder Coating
By End-User
- Commercial Aviation
- Military Aviation
- General Aviation
By Country
- Australia
- China
- Japan
- India
- South Korea
- Rest of APAC
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com