Advantage of using Aerospace Coating is projected to escalate the Aerospace Coating market growth at CAGR of 6.5% during 2020–2027

According to our latest market study on “Europe Aerospace Coating Market Forecast to 2027 – COVID-19 Impact and Europe (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$ 507.27 million in 2019 and is projected to reach US$ 827.63 million by 2027; it is expected to grow at a CAGR of 6.5% 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 Europe 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

In Europe, as per the recent data, Russia has recorded the highest number of COVID cases. Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

The report includes the segmentation of the Europe 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

• France
• Germany
• UK
• Italy
• Russia
• Rest of Europe

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