Catherine Diamond, Associate Editor05.01.17
The aerospace coatings market is currently valued at $1.42 billion and, according to recent estimates, is expected 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
“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
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