© 2017 Global Market Insights, Inc. USA. All Rights Reserved Aerospace Coatings Market outlook, regional growth & industry share by 2024: Global Market Insights, Inc.

 Aerospace Coatings Market to surpass USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc. Aerospace Coatings Market  Global aerospace coatings market size is expected to cross 16 kilo tons till High usage of these coatings in various aircrafts such as military, space, and commercial will primarily drive the industry over the forecast timeframe. Frequent rising air passenger traffic across the globe has led to increased deliveries of aircrafts, further positively influencing the industry demand.  Flourishing growth in international trade has resulted in the development of commercial aircraft, propelling the industry size. Various government bodies across the globe are investing significantly in aerospace sector, contributing towards revenue generation. For instance, in 2014, China invested over USD 3 billion in aviation industry to cater the rising demand of air traffic.  These investments will further induce immense potential to the industry growth. However, the introduction of substitutes such as composite fuselage designs may pose a challenge to aerospace coatings market share over the forecast timeline. © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Scenario of Chemical Industry

 Polyurethane resins will account for over 55% revenue share in the aerospace coatings market over the forecast timeframe.aerospace coatings market  Aircraft producers are focusing on using high quality paints and coatings in their manufacturing process. The business is witnessing regular innovations to reduce the overall manufacturing cost and enhance the product efficiency.  Nano coatings has gained prominence in the industry in last decade owing to benefits offered such as resistance to dirt and retention of shiny colors for longer duration. Continue :- © 2017 Global Market Insights, Inc. USA. All Rights Reserved

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 High preference towards this resin can be attributed to its advantages such as high resistance to the UV rays and other damages including staining, chemicals, and abrasion. Extensive usage of these resins in new generation aircrafts such as Boeing 787 will further support the segment’s dominance.  Epoxy resins are anticipated to generate a demand of approximately 8 kilo tons by High usage of these resins in traditional aircrafts has resulted in high demand from maintenance, repair, and overhaul (MRO), fostering the industry growth. Additionally, consumer preference can be attributed to its cost effectiveness as compared to the counterparts.  360° Industry Analysis © 2017 Global Market Insights, Inc. USA. All Rights Reserved Request for Browse Report

 North America is expected to cross USD 350 million during the forecast period. Presence of multiple established manufacturers and introduction of new generation aircrafts including Boeing 787, Boeing 737 MAX, Airbus A350, etc. are primary influencing the product penetration across the region.  Asia Pacific aerospace coatings market size is anticipated to exhibit over 7% CAGR from 2017 to This can be attributed to rising cargo and passenger traffic along with increasing international trade in emerging economies including India and China. Improving aviation infrastructure in the region will further support the region’s growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Regional Analysis:  Competitive Analysis:  PPG Industries, Mankiewicz Gebr. & Co., Akzonobel, BASF SE, The Sherwin-Williams Company, Hentzen Coatings, and Mapaero are among the noticeable players in the aerospace coatings market share. Other prominent players include Brycoat.Inc, Zodiac Aerospace, Argosy International, Cheaerospacel, International Aerospace Coatings Holdings, and NVSC Speciality Coatings.

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