Aerospace Coating Market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The aerospace coating market was valued at US$ 1,807.81 million in 2019 and is projected to reach US$ 2,924.50 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027. Aircraft need to withstand high climatic stress that generally damages the metal surface resulting in frequent repairs and maintenance. Aerospace coatings provide better resistance against corrosion, ultraviolet rays and fog, and other adverse weather conditions. The coating also protects the aircraft from corrosion and chemical attacks. These coatings also reduce the weight of aircraft, which helps in reducing CO2 emission. Moreover, frequent environmental changes have also led to the rise in the requirement of coatings for aircraft. Aerospace coatings are designed to prevent temperature fluctuations, air pressure variations, and air instabilities.
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Aircrafts has to withstand high climatic stress which generally damages the metal surface resulting in frequent repairs and maintenance. Aerospace coatings provides high resistance against corrosion, ultraviolet rays and solar hear, fog and other adverse weather conditions. Aerospace coating not only provides protection the aircraft but also reduces the weight of the aircraft which helps in reducing CO2 emission. The requirement of coatings for aircraft is also due to the change in environment regulations. Aerospace coatings are designed in order to prevent temperature fluctuations, variable air pressure and variable air instabilities. Miniaturization, Precision and high strength has become the important features of aerospace coating.
Aerospace coatings are considered as a high-performance coating material that helps in protecting the aircraft from harsh weather conditions that can cause damage to the aircraft resulting in maintenance and repairs. There has been a strong demand for aerospace coating products from the maintenance, repair, and overhaul (MRO) industry in the regions having long haul routes. The aerospace coatings are designed in order to prevent any air instability, temperature fluctuation, and variable air pressures. The coating also protects the aircraft from ultraviolet exposure, corrosion, and chemical attacks. The coating helps in reducing the weight of the aircraft that results in lower CO2 emission. New technologies such as chrome-based coatings protect the aircraft from UV exposure at higher altitudes. The new coating technologies have advanced capabilities that will help the aviation industry in cost-saving. The coatings help in reducing the debris build-up as well as minimizes drag in the air, which basically helps in reducing the airplane fuel, which results in cost-saving. These cost-savings have both economic as well as environmental impact. Aerospace coatings provide an aesthetic look to the aircraft which the aviation companies are using in order to look classy and unique, which will help the company to be different from its competitors.
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