Emerging Economies to Offer Lucrative Growth Opportunities to Military Aerospace Coatings Market Players
The Military Aerospace Coatings Market is projected to reach USD 390.7 million by 2023. The
market size of military aerospace coatings is projected to grow from USD 310.7
million in 2018 to USD 390.7 million by 2023, at a CAGR of 4.69% from 2018
to 2023. The market is driven by a wide range of user types, namely, OEMs and
MRO service providers for different military aircraft. In addition, the
increasing number of fixed wing and rotary wing military aircraft globally is
also expected to drive the use of military aerospace coatings in the OEM and
MRO user type
industry.
Browse 96 market data Tables and 39
Figures spread through 105 Pages and in-depth TOC on "Military
Aerospace Coatings Market by Resin Type (Polyurethane and Epoxy), Technology
(Liquid and Powder), User Type (OEM and MRO), Aircraft Type (Fixed Wing and
Rotary Wing), and Region (North America, Europe, APAC) - Global Forecast to
2023"
Request a report
Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=106564295&utm_source=Pr&utm_medium=ML-14-11
Polyurethane (PU) is the largest resin type segment of the military
aerospace coatings market
The military aerospace coatings market has been segmented on the basis
of resin into polyurethane, epoxy, and others which include acrylic and
silicone. In 2018, the PU resin type is estimated to account for the largest
market share, in terms of volume, due to the demand for military aerospace
coatings for fixed wing and rotary wing military aircraft. PU is used as a top
coat and epoxy is generally used as primer. The UV resistant property leads to
the high demand for the PU resin.
Rising demand from emerging economies is expected to drive the military
aerospace coatings market during the forecast period
North America is expected to account for the largest share of the
military aerospace coatings market, in terms of both, volume and value by 2023.
But, the military aerospace coatings market in APAC is projected to grow
at the highest CAGR between 2018 and 2023, in terms of value, because of the
increasing number of aircraft deliveries and increasing budgets of defense
sectors of China and India. China is estimated to be the leading country in the
APAC military aerospace coatings market in 2018, owing to the increase in
demand from the OEM and MRO user types.
Military aerospace coatings are
manufactured by using PU, epoxy, and other resin types. Major players in the market are PPG (US), Akzo Nobel (Netherlands),
Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US),
Creative Coatings (US), and Qioptiq (UK).
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment