Reports and Data estimates the global Military Aerospace Coatings Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Military Aerospace Coatings Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include PPG Industries, Inc., Evonik Industries AG, The Sherwin-Williams Company, AkzoNobel N.V, Hentzen Coatings, Inc, Creative Coatings Co., Inc., Hentzen Coatings, Inc., Kansai Paint Co.,Ltd., Humiseal, Argosy International Inc., BryCoat Inc., KGaA, Mankiewicz Gebr. & Co., Henkel AG & Company, BASF SE
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Military Aerospace Coatings Market Overview :-
Military aerospace coatings are applied to the aircraft’s exterior and interior surface to enhance the functional features of the aircraft. It is high-performance coating material is intended to be resistant to temperature and air pressure. It protects the cover from extreme UV exposure at higher altitudes, also supports fluctuation of temperature and corrosion. The coating is performed on several parts of the aircraft such as fuselage frame, wing frame, and tail frame.
Moreover, several features offered by-products like high strength and weather resistance is another factor expected to promote the implementation of the products, which in turn is expected to drive the growth of the market. Excellent coverage on smoother, inner corners, and consistent finish are fundamental factors expected to boost demand for liquid-based coating technology, which in turn is supposed to drive the growth of the global market over the forecasted period.
The market in North America accounts for the market share of 29.3% of the market in 2018 and is expected to provide lucrative growth towards the global market. The growth is due to the growing aerospace industry in the U.S., along with the development of major aerospace companies. Products with lower hydroxyapatite (HAp) and VOC such as polyurethane aerospace coatings are principally used in this region due to strict regulations by government bodies.
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For the purpose of this report Reports and Data has segmented global Military Aerospace Coatings Market market on the basis of type, application, and region:
Resin Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Polyurethane (PU)
- Epoxy
- Others
End User Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Original Equipment Manufacturer (OEM)
- Maintenance Repair & Overhaul (MRO)
Technology Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- Liquid-based Technology
- Powder-based Technology
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Military Aerospace Coatings Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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