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Advanced Aerospace Coatings Market to Partake
Significant Development at 4.9 CAGR by 2028

• Feb 2020

Report Id REP-EU-82 Published On
March-2019 Category Chemicals and Materials
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Advanced Aerospace Coatings Market Analysis

• Advanced Aerospace Coatings Market to Partake
  Significant Development at 4.9 CAGR by 2028
• The report provides comprehensive information on
  market trends, value (US Mn) and volume (000
  Li), competition, recent developments and
  dynamics in Europe advanced aerospace coatings
  market for the duration between 2018 and 2028.
• The Europe advanced aerospace coatings market was
  valuated at just-over US 390 million in 2018,
  which is anticipated to register the CAGR of 4.9
  through 2028. Increasing demand for efficient and
  lightweight advanced aerospace coatings is
  expected to be a major factor driving the demand
  for advanced aerospace coatings in the Europe
  market during the forecast period.
• Rising Aircraft Production Expanding Fleet Size
  Continues to Generate Sustained Demand for
  Advanced Aerospace Coatings in Europe
• Europes increasing air passenger traffic has
  been leading to an increase in the demand for
  commercial aircraft. This, in turn, has been
  leading to an increase in the production of
  commercial aircraft. The growth of the advanced
  aerospace coatings market is directly dependent
  on the total aircraft production and the fleet
  size.
• Rising production and sales of aircraft,
  particularly in developing countries within the
  region are anticipated to create noteworthy
  opportunities in Europes advanced aerospace
  coatings market. Increasing aircraft deliveries
  by leading manufacturers such as Airbus and
  Boeing are underpinning substantial additions to
  the existing aircraft fleet size of Europe.

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Advanced Aerospace Coatings Market Analysis

• Progressing Scenario within MRO Segment to
  Majorly Influence Europes Advanced Aerospace
  Coatings Market Growth
• As the number of aircraft that are in service is
  increasingly constantly, the report prompts at
  the subsequent rise in demand for maintenance,
  repair, and overhaul (MRO) of various aircraft
  parts, components, and vital systems. This,
  according to FMI, will trigger the revenue growth
  of MRO sales channel within Europes advanced
  aerospace coatings market during the forecast
  period.
• The MRO sales channel of commercial segment of
  the Europe advanced aerospace coatings market is
  projected to grow at a 5.9 value CAGR during the
  forecast period. Increasing fleet size of
  commercial as well as business aircraft and high
  demand for customized exteriors are some of the
  other factors driving the growth of the advanced
  aerospace coatings MRO sales channel.
• Aftermarket Sales of Advanced Aerospace Coatings
  in Europe to Gain Uptick with Soaring Demand for
  Leased Aircraft
• An aircraft, being one of the most expensive
  commodities, a number of small airline carriers
  prefer to lease from major players. While leasing
  of aircraft helps these airline carriers avoid
  high capital investments, they generally tend to
  renovate the entire aircraft before putting it
  into operation. The entire aircraft cabin is
  renovated according to specific requisites of
  respective airline carriers and their customer
  demands.
• More often, a leased aircraft is coated with
  multiple paints and colors, highlighting the
  symbol and logo of particular airlines. According
  to the report, increasing rate of aircraft
  leasing will continue to push the growth of
  advanced aerospace coatings market in Europe.

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Advanced Aerospace Coatings Market Analysis

• Rapid Sales of Advanced Aerospace Coatings
  Continue to Suffer from Relatively Gradual Growth
  of European Economies, Post Crisis
• Post the financial crisis, economic growth has
  slowed down, as compared to the growth registered
  prior to the financial crisis. Wage growth has
  been weak and most of the industrial work has
  been outsourced to emerging economies, which has
  made industrial investment in developed economies
  weak. This, in turn, has been restraining the
  growth of the advanced aerospace coatings market.
• Democratic uprisings, such as the Arab Spring,
  economic sanctions against Russia and the
  involvement of Ukraine in a proxy war, have
  pushed many countries into an economic turmoil.
  The market in these nations has been
  deteriorating exponentially and in recent times,
  these markets have been exhibiting a moderate
  growth scenario. Due to the economic crisis, the
  purchasing in these countries has come down
  drastically and subsequently, the demand for
  advanced aerospace coatings has suffered.
• Advanced Aerospace Coatings Market Competition
  Landscape
• The Europe advanced aerospace coatings market is
  consolidated with the top two market players
  (Akzo Nobel and PPG Industries Inc.) accounting
  for double-digit market shares as of 2017. The
  top ten players in the Europe advanced aerospace
  coatings market are projected to collectively
  account for between a 50 and 60 market share.

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Advanced Aerospace Coatings Market Analysis

• In the recent past, the advanced aerospace
  coatings market has witnessed significant
  improvements from a competition perspective.
  Acquisitions, collaborations and expansion of
  production capacity are some of the key
  strategies being adopted by market players to
  expand and sustain in the Europe advanced
  aerospace coatings market.
• Praxair, Inc. and GE Aviation opened a new
  facility in the U.S. for their PG Technologies
  business that specializes in advanced coatings
  and enables jet engines to withstand high stress
  and temperatures
• PG Technologies Ltd. announced that it intends to
  add a new additional coating capacity in
  Singapore to meet the ever-increasing demand from
  the aviation industry
• Akzo Nobel opened a specialty coatings facility
  in Dongguan, China, primarily for the production
  of advanced aerospace coatings for South and
  North Asia aviation markets
• Key Questions Answered in the Advanced Aerospace
  Coatings Market Report 
• How has the advanced aerospace coatings market
  evolved over the past four years?

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Advanced Aerospace Coatings Market Analysis

• What are some of the prevailing market dynamics
  in the advanced aerospace coatings market?
• What shape is the advanced aerospace coatings
  market expected to take in terms of volume and
  value during the study period?
• What are the competition developments and trends
  in the advanced aerospace coatings market?
• What are the important key challenges,
  opportunities and improvement factors for
  advanced aerospace coatings market players?
• What are some of the underlying macro-economic
  and industry factors impacting the growth of the
  advanced aerospace coatings market?
• What are some of the important market positioning
  and key strategies of key advanced aerospace
  coatings manufacturers as per the market
  taxonomy?
• How is the competition structured at present and
  how has it evolved in the advanced aerospace
  coatings market over the past few years?
• Sourcehttps//www.globenewswire.com/news-release/
  2019/03/26/1767562/0/en/Europe-Advanced-Aerospace-
  Coatings-Market-to-Partake-Significant-Development
  -at-4-9-CAGR-by-2028-Future-Market-Insights.html

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Advanced Aerospace Coatings Market Analysis

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• Future Market Insights (FMI) is a leading market
  intelligence and consulting firm. We deliver
  syndicated research reports, custom research
  reports and consulting services which are
  personalized in nature. FMI delivers a complete
  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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