According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Aircraft Paints & Coatings Market - Industry Trends and Forecast to 2027 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Aircraft Paints & Coatings Market Analysis and Size
The Global Aircraft Paints and Coatings Market is projected to grow at a CAGR of around 3.98% during the forecast period, 2022-27.
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Some of the major players operating in the Aircraft Paints & Coatings Market are PPG Industries, Inc., AkzoNobel N.V., Mankiewicz Gebr. & Co, the Sherwin-Williams Company, BASF SE, Henkel AG & Co. KGaA, Hentzen Coatings, In, Other.
Aircraft Paints & Coatings Market Growth Driver:
The rise in the demand for military aircraft has assisted in increasing the production of military aircraft leading to the surge in demand for the Aircraft Paints and Coating market globally. The high demand for military aircraft is attributed to the extensive investments made by some of the world's largest air forces, such as the US, Russia, India, China, etc., to expand their existing fleet & replace the aging fleet of aircraft to maintain air superiority. Further, military hardware technologies have also tremendously improved with the advent of technologies such as AESA (Advanced Electronically Scanned Array) Radars, Improved avionics, Stealth technologies, etc. These improvements have made the older generation military aircraft significantly vulnerable to the newer generation of aircraft. Moreover, the rising number of new technologies for the up-gradation of older generation jets as well as the fresh purchase of new military aircraft has been increased globally, which further resulted in escalating the market growth. For instance:
- In the year 2021, the United Arab Emirates (UAE) signed a deal with Dassault Aviation to supply 80 Rafale multirole fighter jets for a total cost of USD18.53 billion
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Market Segment and Geographical Analysis
By Resin Type
- Polyurethane
- Epoxy
- Others (Silicone, Polyester and Acrylic)
By Technology
- Water Based
- Solvent Based
- Powder Coating
By Demand Type
- OEM
- MRO
By End-User Industry
- Commercial Aviation
- Military Aviation
- Civil Aviation
By Application
- Interior
- Exterior
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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