Aerospace Coatings Market to Grow due to the Rise in Infrastructural Development

1. Welcome To Dataintelo Latest Reports Aerospace Coatings Market to Grow due to the Rise in Infrastructural Development The aerospace coatings market is dominated by the presence of small, mid, and large scale coating companies that supply raw materials to airline industries. However, this trend is projected to diminish, as private equity buyers from the infrastructure industry are entering the aerospace coatings market. . According to the latest report on aerospace coatings market published by Dataintelo, the market is highly driven by the surge in economical products, development of chromo-free techniques, and rise in innovative products for the aerospace industry. Rising number of aircrafts and aircraft liners in the developing economies is expected to propel the market growth. Based on resin types, the aerospace coatings market has been classified as epoxy, polyurethanes, and others. In terms of technology the market has been segmented into original equipment manufacturer (OEM) and maintenance, repair, and overhaul (MRO). On the basis of end-users, the market has been trifurcated into commercial, military, and general aviation. The military and general aviation segments account for a large share of the market. The commercial segment is projected to expand at a high CAGR due to the rise in cargo carriers, increase in number of passengers, and innovative approaches adopted by OEM to cater to aircraft maintenance needs. Based on applications, the market has been categorized as interior and exterior. The interior segment accounts for a larger share, due to the increase in the demand for esthetically appealing airlines and the development of innovative solutions. Request Sample Copy Of This Report, Click Here: https://dataintelo.com/request- sample/?reportId=11504 On the basis of regions, the global aerospace coatings market has been fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period owing to the growth of the market in the aviation and travel & tourism industries in the region. Moreover, rising standards of living and increasing per capita income are likely to fuel the market growth in the region. The market in North America and Europe is expected to gain traction in the near future. Expansion of several verticals and increase in revenue are expected to boost the growth of the aerospace coatings market. Key players operating in the global aerospace coatings market include Akzo Nobel N.V., BASF SE, IHI Inobond AG, Zircotec Ltd, Mankiewicz, PPG Industries, Henkel AG & Company, and The Sherwin-Williams Company.

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