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Aerospace Coatings Market Share

Report ID: GMI2091
Published Date: Mar 2020
Report Format: PDF

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Aerospace Coatings Market Share

Some of the prominent players in the market include

Akzo Nobel NV
BASF
PPG Industries
Brycoat Inc
Heinkel
IHI Ionbond AG
Argosy International
The Sherwin-Williams Company

Major manufacturer opts for acquisitions, partnerships, new product development and production capacity expansion to strengthen their position in the market.

For instance, AkzoNobel announced the establishment of a manufacturing unit in China in September 2017, to manufacture advanced coating solutions for aerospace applications. It has helped the company to cater the rising demand in Asia Pacific region.

In December 2016, BASF announced the acquisition of Chemetall, a company specialized in manufacturing coating solutions for diverse business platforms. This acquisition will enable the company to expand its portfolio to become a more complete solution provider.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of aerospace coatings was surpassed USD 800 million in 2019.

The industry share of aerospace coatings is poised to witness around 6% CAGR between 2020 and 2026.

Some of the prominent players in the market include Akzo Nobel NV, BASF, PPG Industries, Brycoat Inc, Heinkel, IHI Ionbond AG, Argosy International and The Sherwin-Williams Company.

According to this forecast report by GMI, the polyurethane resin segment in the market will witness a growth of over 6.5% though 2026.

The North American region is witnessing high market demand on account of presence of major aerospace & defense manufacturers in the region.

OEM segment is likely register gains at over 6% till 2026 led by major investments in the emerging economies to develop new air routes along with upgradation of existing airports.