is significantly penetrating its
end-user industries. The characteristics of the end products
differ as per the requirement of
end-user industries and for different user
types. The commercial segment has dominated the aerospace coatings industry,
largely driven by the entry of new airlines
and expansion of existing airlines. The
Asia-Pacific region is estimated to grow
at a high CAGR of 7. 79 percent from
2014 to 2019 with its growing demand
for aerospace coatings in different end-user industries, especially for commercial
and military segments. The aerospace
coatings market in North America is estimated to grow at a CAGR of 5.05 percent
from 2014 to 2019.
R&D is a key part of this market.
The leading companies in this market
focus on R&D in response to the market growth and rising demand from
customers. The manufacturing companies, associations, and end-product
manufacturers infuse high investments
for future advancements and technology modifications of aerospace coatings
to reduce coatings’ life cycle, improved
performance, engineered materials, and
to meet the new demands coming from
various types of end-user industries.
The market in Asia-Pacific is the largest region, both in terms of volume and
value, followed by Western Europe and
North America. The U.S., China, Japan,
France, Germany, India, and Russia are
expected to persist as successful aerospace coatings markets. The key players in the aerospace coatings market
are AkzoNobel N.V. (The Netherlands),
PPG Industries Inc. (U.S.), Henkel AG
& Company (Germany), Mankiewicz
Gebr. & Co. (Germany), Hentzen
Coatings (U.S.), and Sherwin Williams
Company (U.S.).
The markets in China and India are
driving the Asia-Pacific aerospace coatings market due to increasing cargo
traffic, rising number of air travelers,
and international trade. The aerospace
coatings demand, in terms of value and
volume, depicts the current and future
projections according to the parallel
economic and industrial outlook. This
analysis covers important developments,
expansions, agreements, and mergers &
acquisitions of the leading global companies. The market size, in terms of value,
of the global aerospace coatings market
was estimated at $2,109.64 million in
2013 and is projected to reach $2,991.38
million by 2019, at a CAGR of 5.96 percent from 2014. The high demand across
the industries, such as commercial, military, and MRO segments will increase the
overall aerospace coatings consumption.
Epoxy Resin Market Worth
$9.2 Billion by 2019
According to the new research report
“Epoxy Resin market by Application
(Coatings, Electronics, Construction,
Wind Turbine, Composites, and
Adhesives) and Geography -
Trends & Forecast to 2019” by
MarketsandMarkets, the market of epoxy resin is projected to grow from an
estimated $5,995.8 million in 2013 to
$9,219.1 million by 2019, with a CAGR
of 7. 4 percent between 2014 and 2019.
According to the estimates, the Asia-Pacific region led the market for phthalic
anhydride with 57.0 percent share by volume at the global level in 2013, followed
by Europe ( 20. 6 percent), North America
( 17.0 percent), and Rest of the World ( 5. 3
percent). Around 36.0 percent of the resin
was estimated to be consumed for paints
& coatings in 2013. For electrical and
electronics and construction applications,
the estimated share were 22. 5 percent
and 9.2 percent respectively.
The growth of the epoxy resin market
has been studied through in-depth analysis of important factors that drive the
market such as growth in the end-user industry, growing wind energy capacity installation with opportunities in green and
sustainable epoxies, and growing demand
for it in the aerospace industry. However,
slow growth in the European and mature
markets of the U.S. and Japan are proving
to be the important restraining factors for
the market.
U.S. Demand for Biocides
to Expected to Reach $4
Billion in 2018
Demand for specialty biocides in the U.S.
is forecast to rise 4.0 percent per year to
$3.9 billion in 2018. In volume terms,
demand is expected to increase 1.0 per-
cent annually to 1.5 billion pounds over
the same period.
“A strong rebound in construction
expenditures will support demand for
biocides in the wood preservation and
paint and coatings markets,” noted
analyst Emily Park, “while growth in
consumer spending and manufacturing
output will support demand for biocides
used in the production of various manu-
factured goods.”
A continued expansion in hydraulic
fracturing activities, which require well
stimulation fluids that contain biocides,
will promote demand for biocides in the
smaller energy market. These and other
trends are presented in Biocides, a new
study from The Freedonia Group, Inc., a
Cleveland-based market research firm.
Improving economic conditions, coupled with a rising emphasis on improved
sanitation in production processes and
workplaces, will be the primary driver
of growth in the industrial markets for
biocides. Biocides for use in cleaning
products are expected to remain the largest industrial market, and will show favorable growth prospects going forward
as concerns about health care-associated
infections, food contamination, and other
health issues continue to rise. The paint
and coatings market for biocides is also
expected to show favorable growth opportunities through 2018, with biocide
use supported by increasing demand for
paint in new construction and building
maintenance applications, and by the
continued growth in demand for water-based architectural paints, which require
higher levels of biocides.
Biocide demand in the energy markets is expected to perform particularly
well through 2018. Growth will be supported by the increase in the use of hydraulic fracturing techniques, as tight
oil and shale gas formations continue to
play important roles in the U.S. energy
industry and as overall production has
increased. The well stimulation fluids
used in hydraulic fracturing typically require biocides to prevent corrosion and
production issues that may be caused by
bacterial contamination.
