NORTH AMERICA AEROSPACE COATING RD
North America Aerospace Coating Market Forecast to 2027 – COVID-19 Impact and North America Analysis
– By Resin Type ( Epoxy, Polyurethane, Others ); Technology ( Liquid Coating, Powder Coating ); End-User ( Commercial Aviation, Military Aviation, General Aviation ), and Country
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.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00019180
Market Overview and Dynamics
The North America Aerospace Coating market was valued at US$ 602.81 million in 2019 and is projected to reach US$ 968.01 million by 2027; it is expected to grow at a CAGR of 6.2% 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.
The aerospace coatings market in North America is driven by a combination of factors, including the growth of the aviation industry, technological advancements in coating materials, and the increasing demand for aircraft refurbishment and maintenance. North America is home to some of the largest aerospace manufacturers and service providers, including companies like Boeing, Lockheed Martin, Raytheon Technologies, and General Electric. These major players rely heavily on high-performance coatings to meet regulatory and operational standards.
In 2024, the North American aerospace coating market is expected to experience steady growth. This is fueled by the increasing number of commercial aircraft deliveries, particularly in the United States, which remains one of the largest markets for both domestic and international air travel. Additionally, the U.S. military’s demand for advanced coatings for fighter jets, helicopters, and other defense equipment continues to create a robust market for aerospace coatings.
Key Market Segments
By resin type, the Epoxy segment accounted for the largest market share in the North America 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.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-aerospace-coating-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
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
North America Aerospace Coating Market
The North American aerospace coating market is an integral part of the aerospace industry, contributing significantly to the production, maintenance, and repair of both civilian and military aircraft. Aerospace coatings are crucial for protecting aircraft against various environmental factors such as extreme weather conditions, corrosion, and wear, thereby extending the lifespan and ensuring the safety of the aircraft. These coatings also improve the aesthetic appeal of the aircraft and play a critical role in fuel efficiency due to their smooth surfaces. The North American aerospace coating market has been growing steadily, driven by technological advancements, increasing demand for aircraft, and the rising need for durable and efficient coatings.
Market Growth Drivers and Trends
Several key factors are expected to continue driving the growth of the aerospace coatings market in North America:
- Increasing Environmental Regulations: With stricter environmental regulations, there is a rising demand for eco-friendly coatings that emit lower levels of VOCs and other harmful chemicals. The shift toward bio-based resins, such as bio-based epoxies, is expected to gain momentum as manufacturers adapt to regulatory requirements.
- Technological Advancements: Ongoing research and development in the aerospace coating industry are expected to lead to the creation of more durable, fuel-efficient, and lightweight coatings. These innovations will enable aircraft manufacturers to reduce maintenance costs and improve aircraft performance, which will be crucial for both commercial and military aviation sectors.
- Growing Military Aviation Demand: The increasing geopolitical tensions and rising defense budgets are likely to drive the demand for military aircraft, which, in turn, will increase the need for advanced coatings. These coatings will need to provide corrosion protection, stealth capabilities, and resistance to extreme environmental conditions.
- Aging Aircraft Fleet: Many aircraft in service today are reaching the end of their expected lifespans. To extend their usability, airlines and military operators are investing in the maintenance and refurbishment of older fleets, leading to an increased demand for coatings that can restore and protect older aircraft.
Conclusion
The North American aerospace coating market is poised for steady growth due to the increasing demand for advanced coatings in both the commercial and military aviation sectors. As environmental concerns grow and regulations become stricter, there is a shift toward eco-friendly solutions such as bio-based epoxy resins. While the COVID-19 pandemic has caused temporary disruptions in supply chains and manufacturing processes, the market is expected to recover and grow at a robust pace in the coming years. As the aerospace industry continues to innovate and evolve, aerospace coatings will remain a vital component in ensuring the safety, durability, and performance of aircraft in North America.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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