Aerospace Coating Market Overview and Product Scope over 2020 - 2026

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Aerospace Coatings Market To Reach US1.2 Billion
By 2026 Global Market Insights, Inc.
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• Aerospace Coating Market Scenario

• Aerospace coatings are used across every kind of
  aircraft, be it military, commercial or
  spacecraft. A significant rise in disposable
  consumer income over the past decade has resulted
  in a rapid upsurge in air travel, particularly
  short distances. Growing number of air passengers
  across the globe and the subsequent increase in
  commercial aircraft production will augment
  aerospace coatings market forecast in the
  upcoming years.
• It is estimated that to meet the demand of air
  travelers, more than 40,000 commercial carriers
  will be required over the next two decades.
  Global Market Insights, Inc., forecasts that
  global aerospace coatings industry size will
  reach US1.2 billion valuation by 2026.

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• In terms of the technology used, solvent-based
  coatings will likely dominate the industry share
  in the near future. Solvent-based coatings are
  among the most widely used aerospace coatings. On
  the other hand, the presence of a strict
  environmental regulations in the coatings
  industry is encouraging aircraft makers to switch
  to alternatives, such as powder and water-based
  coatings. The powder segment will capture more
  than 10 revenue share of the totalaerospace
  coatings industry by 2026.
• Maintenance, repair, and overhaul (MRO) is
  anticipated to be the fastest-growing user
  segment up to 2026. This can be largely
  associated with aging air carrier fleets and the
  growing need for MRO services. Meanwhile,
  original equipment manufacturers (OEM) user
  segment is slated to generate overUS650 million
  in revenues by 2026.

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• Regional Analysis

• From a geographical perspective, Asia Pacific
  aerospace coatings industry is slated to garner
  over US330 million over the analysis
  period.Growing commercial aircraft production and
  rising number of air travelers will drive the
  regional growth. Additionally, robust economic
  development in China, India, and Japan and rising
  disposable income levels will propel the
  aerospace sector revenues.

• Competitive Analysis

• PPG industries, Argosy International, The
  Sherwin-Williams Company, BASF, and Heinkel are
  among the leading suppliers of aerospace
  coatings.

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