North America Aerospace Coating Market Key Players, Share, Size, Trends, Aftermarket, Growth, Opportunities, and Regional Forecast

The North America Aerospace Coating market was valued at US$ 602.81 million in 2019 and is projected to reach US$ 968.01 million by 2027; it is expected to grow at a CAGR of 6.2% during the forecast period 2020-2027. The growing environmental concerns across the world has made the manufacturers focus on bio-based epoxy resins. The aerospace industry uses epoxy coatings primers for floor coatings, corrosion protection, aerospace hangars, and corporate aircraft hangars, etc.

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Aircraft are subjected to extreme environmental stresses that can damage their metal surfaces, leading to frequent repairs and maintenance. Aerospace coatings play a critical role in protecting aircraft by offering high resistance to corrosion, ultraviolet rays, solar heat, fog, and other harsh weather conditions. These coatings not only safeguard the aircraft but also contribute to weight reduction, which in turn helps lower CO2 emissions. Additionally, evolving environmental regulations have increased the demand for advanced aerospace coatings. These coatings are specifically designed to mitigate the effects of temperature fluctuations, variable air pressure, and air instabilities. Key characteristics of modern aerospace coatings include miniaturization, precision, and high strength.

In 2019, the North American aerospace coatings market was dominated by the epoxy resin segment in terms of resin type. Liquid coating technology held the largest market share by technology, while the military aviation segment led in terms of end-users.

Key Companies and Sources
Prominent companies in the North American aerospace coatings market include Akzo Nobel N.V., BASF SE, Hardide plc., Henkel AG & Co. KGaA, Hentzen Coatings, IHI Ionbond AG, Mankiewicz Group, PPG Industries, Inc., The Sherwin-Williams Company, and Zircotec.

Impact of COVID-19 on the Aerospace Coatings Market
The COVID-19 pandemic has significantly impacted the aerospace coatings market, particularly in the U.S., which has reported the highest number of cases compared to Mexico and Canada. The pandemic has disrupted supply chains, manufacturing processes, and research and development activities, all of which are expected to hinder market growth.

Reasons to Purchase the Report

  • Gain a comprehensive understanding of the aerospace coatings market landscape and identify high-potential market segments.

  • Stay ahead of competitors by analyzing the dynamic and evolving competitive environment.

  • Strategically plan mergers, acquisitions, and partnerships by pinpointing market segments with strong growth potential.

  • Make informed business decisions based on detailed and insightful analysis of market performance across various segments.

  • Access revenue forecasts for the aerospace coatings market by segment from 2018 to 2027.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights



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