Catherine Diamond, Associate Editor
The aerospace coatings market is currently valued at $1.42 billion and, according to recent estimates, is ex- pected to grow at a CAGR of 6. 9 percent through 2022
to $1.98 billion. In its global forecast, Markets and Markets
found that among end-users, the commercial aviation segment
is leading the market in terms of market shares and is projected
to grow at the highest CAGR.
“The advent of chromo-free technologies, introduction of
cost-saving products, and emerging middle class are the factors driving the growth of the aerospace coatings market.
Innovations in terms of applications of aerospace coatings are
expected to fuel the growth of the aerospace coatings market
during the forecast period,” researchers said.
Among resin types, the polyurethanes segment is leading the
aerospace coatings market and is expected to grow the most
through at least 2022, researchers found. According to the report, polyurethane resin types are preferred over other coatings
as they offer resistance to abrasion, staining, and chemicals. As
is required of aerospace coatings, they have very a high degree
of resistance to the corrosive effects of the sun’s UV rays.
The liquid coating-based technology segment of the aerospace coatings market is projected to grow at the highest CAGR
during the forecast period.
“The growth of this segment of the market can be attributed
to various properties, such as superior coverage on inside corners and hard to reach places and smooth and uniform finish,
Aerospace
Coatings Market
A growing aerospace market demands both increased performance and improved
aesthetics.
