Asia Pacific Aerospace Coating Market

Market Introduction

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.

Market Overview and Dynamics

The Asia Pacific Aerospace Coating 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 2020-2027. The growing environmental concerns across the world has made the manufacturers focus on bio-based epoxy resins. The aerospace industry uses epoxy coatings primers for floor coatings, corrosion protection, aerospace hangars, and corporate aircraft hangars, etc.

Key Market Segments

By resin type, the Epoxy segment accounted for the largest market share in the Asia Pacific Aerospace Coating market in 2019. In terms of technology, the liquid coating segment held the largest market share of the Aerospace Coating market by 2019. In terms of end-user, the Military Aviation segment held the largest market share of the Aerospace Coating market by 2019.

Major Sources and Companies Listed

Some of the major primary and secondary sources for Asia Pacific Aerospace Coating market included in the report are 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.

Reasons to buy the report

• To understand the Aerospace Coating market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead by comprehending the ever-changing competitive landscape for the Aerospace Coating market
• To efficiently plan M&A and partnership deals in the Aerospace Coating market by identifying market segments with most promising probable sales
• To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the Aerospace Coating market
• To obtain market revenue forecast for market by various segments from 2018 to 2027

Asia Pacific Aerospace Coating Market Segmentation

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

Company Profiles

• 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

Asia Pacific Aerospace Coating Market Strategic Insights

Asia Pacific Aerospace Coating Market Segmentation Analysis

Asia Pacific Aerospace Coating Market Report Highlights

Asia Pacific Aerospace Coating Report Scope

Asia Pacific Aerospace Coating Market Country and Regional Insights