Coatings in the global aerospace industry are expected to increase with a CAGR of 3. 6 percent by
2020. The major drivers for coatings
is increasing air passenger traffic rate,
which increases aircraft deliveries and
thereby increases the demand for aerospace coatings. Aerospace coatings market is also driven by large demand for
coatings in refinishing market as airlines
recoat aircraft after regular intervals for
maintenance. Commercial aircraft segment is growing at a greater pace than
general aviation, regional, and defense
aircraft. Increasing commercial aircraft
deliveries and introduction of new wide–
body aircraft will further boost the commercial aircraft coatings market. With the
airlines mergers and acquisitions, there is
increasing demand of coatings as airlines
repaints their fleets to change their brand
and identity.
Lucintel, a global management consulting and market research firm, has
analyzed the coatings in global aerospace industry by product type, aircraft
type, process type, application type,
and by region and has come up with a
comprehensive research report “Growth
Opportunities for Coatings in Global
Aerospace Industry 2014-2020: Trend,
Forecast, and Opportunity Analysis.”
This report provides an analysis of the
coatings in global aerospace industry
including analysis of the market trends,
competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry
growth. The study also includes coatings
in global aerospace industry trends and
forecasts through 2020, segmented by regions, by aircraft type, by product type,
by application type and by process type.
Lucintel forecasts that majority of the
segments for coatings in global aerospace
industry will grow moderately during
2014-2020. Coatings manufacturers are
continuously adopting new strategies to
gain market share in the industry.
As new advanced coatings are launched
with the continuous development of low
volatile organic compound and environment friendly coatings, demand to replace
antiquated technologies increases. This
will further drive the coatings market.
PPG Industries, AkzoNobel, Sherwin-Williams, DuPont Chemicals Company
and Henkel AG & Company are among
the major suppliers of coatings in global
aerospace industry.
Demand for Silicones to
Reach $19.3 Billion in 2019
World demand for silicones,is forecast to
rise 5. 7 percent per year to $19.3 billion
in 2019. The pace of growth in value
terms will be in line with that seen over
the 2009-2014 period. Demand for silicones in developing regions is expected
to post strong gains through 2019, benefiting from economic advancement and
increased penetration of silicones in less
mature markets. These and other trends
are presented in “World Silicones,” a new
study from The Freedonia Group, Inc.
The Asia/Pacific region will continue
to be the strongest source of additional
silicones demand, accounting for 57 percent of the total increase in global silicone
consumption between 2014 and 2019.
The bulk of these gains will be attributable to China, which will represent nearly
three-fifths of the Asia/Pacific total in
2019. According to analyst Elliott Woo,
“although China’s silicone market will
not maintain the extremely rapid pace
of gains seen in recent years, growth will
still continue to be well in excess of the
Other developing countries in the
Asia/Pacific region, such as India,
Indonesia and Thailand, are also expected to post strong gains in silicone de-mand. Electrical and electronic products
will remain the largest outlet for silicones
in the Asia/Pacific region.
The outlook for silicone demand in
North America and Western Europe is
somewhat weaker, reflecting the maturity
of both manufacturing industries in gen-
eral and the use of silicones. In the U.S.
market, the largest in the world, demand
for silicones will be bolstered by a ma-
jor improvement in construction activity.
Demand for silicones in Western Europe
will advance slowly, although the region’s
affluence will continue to support signifi-
cant demand for silicones in the health
and personal care market. Above average
growth is expected in the Africa/Mideast
region, aided by urbanization and the
emergence of the middle class in some
of the more developed nations. Gains
in silicone demand in Central and South
America will be near the world average,
benefiting from a rebound in motor ve-
hicle production from low 2014 levels.
Gains in Eastern Europe are expected
to be slightly below the world average,
but will still represent a healthy increase
through 2019 as export-oriented manu-
facturing activity continues to grow.
Technavio Predicts Growth
in Powder Coatings Market
in Romania
Technavio has published a new report on
the powder coatings market in Romania,
which is expected to grow at a CAGR of
nearly seven percent from 2015-2019.
The booming construction industry in
Romania is expected to open up extensive growth opportunities for the market
in the region.
“The Romanian government is focusing on infrastructural development
and economic recovery following the
Eurozone crisis. Under the General
Transport Master Plan, the government
is planning to invest a huge amount towards 408 miles of new highways by
2030,” said Faisal Ghaus, vice president
of Technavio. “Increased construction
of residential and office buildings is also
expected to contribute to the demand for
powder coatings in Romania over the
forecast period.” CW
Growth Opportunities Expected for Coatings
in Global Aerospace Industry Through 2020
