About Military Aerospace Coatings
Military aerospace coating involves the coating applied to the aircraft for high corrosion resistance, temperature resistance and air pressure management. The aerospace coating provides high protection to the aircraft. It also helps to reduce the weight of the aircraft and reduces CO2 emission. The increased military budgets of the Asia Pacific countries like China and India create more opportunities in the military aerospace coating industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
Global Military Aerospace Coatings is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG Industries, Inc (United States), AkzoNobel N.V (Netherland), Sherwin-Williams Company (United States), Hentzen Coatings, Inc (United States), Mapaero Coating (United States), Creative Coatings Co. (United States), Cloverdale Paint Inc. (Canada), Mankiewicz Gebr. & Co. (Germany), Qioptiq (United Kingdom) and 3Chem, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are International Aerospace Coatings (United States), Zircotec Ltd. (England), AHC Oberflachentechnik GmbH (Germany), Argosy International (United States) and Brycoat Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Military Aerospace Coatings market by , Application (Interior and Exterior) and Region.
On the basis of geography, the market of Military Aerospace Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by User, the sub-segment i.e. Original Equipment Manufacturer will boost the Military Aerospace Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Solvent-Based Coating will boost the Military Aerospace Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Chrome-Free and Nano Coating Technologies and Trend for Environment-Friendly Coating Materials
Market Growth Drivers:
Rising the Military Aircraft Production and Investments in the Defense Sector
Challenges:
Challenge To Meet International Safety and Quality Standards without Increasing Cost and Increased Aircraft Accidents
Restraints:
Uncertainties in the Raw Material Prices
Opportunities:
Growing Aircraft Industry Worldwide and Increasing Demand from Developed and Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, Integrity Partners Group ("IPG"), a chemical distribution platform acquired by OpenGate Capital, has acquired certain assets from West Penetone. The investment expands IPG's value proposition and customer offerings further downstream with environmentally-friendly chemical solutions addressing the recurring, cleaning and maintenance requirements of the aerospace and defense industry.
On 11th January 2022, Sherwin-Williams Company launched its Aircraft Color Visualizer platform. It is an online design tool for the business and general aviation community which enables customers to try multiple color combinations for their aircraft.
Key Target Audience
Military Aerospace Coatings Manufacturers, Military Aerospace Coatings Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.