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Advanced Aerospace Coatings Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 15, 2014 | Chemicals & Materials | FMI

Advanced aerospace coatings technology is used for all kind of aircrafts. In the last few years,the advanced aerospace coatings market has seen enormous growth,as it comes withvarious benefits such as resistance from cracking, better metal protection, corrosion control and ease in hanger maintenance with reducedtime and labor cost. These benefits have accelerated the use of advanced aerospace coatings across various end-user segments.The advanced aerospace coatings market is expected to grow significantly with the increasing airline mergers, in an attempt for enhancing brand value.

The advanced aerospace coatingsmarket can be classified as coating system types, end-users and geography. On thebasis of coating system types, the market can be segmentedas general aviation aerospace coating system, selectivity strippable coating system, commercial aerospace coatingsystem, military and Maintenance, Repair and Overhaul (MRO) coatings. General aerospace coatings include sub-segments such as chrome free system, interior system, business jet paint system, and composite system. The commercial coatingsystems segment includes standard commercial paint system, composite system, interior coating system, and chrome free system. Based on end-users, the advanced coating market can be divided into various categories such as government sector, industrial sector, and commercial sector. Geographically, the advanced market can be segmented as North America, Europe, Asia Pacific, and Rest of the world.

Strategic partnerships, collaborations and acquisitions are key strategies adopted by major players in the advanced aerospace coatings market to outperform their competitors.Key participants in the advanced aerospace coatingsmarket include Aerospace Coatings International, Aerospace Coating Systems Inc., AkzoNobel N.V.,Deft,Inc., The Sherwin-Williams Company, PPG Industries, Henkel AG & Co. KGaA& Company, Hohman Plating, Mankiewicz Gebr. & Co., Ionbond AG, and Hentzen Coatings, Inc.