The Military Aerospace Coatings Market is projected to grow from USD 310.7 million in 2018 to USD 390.7 million by 2023, at a CAGR of 4.69% between 2018 and 2023. North America is the largest consumer of military aerospace coatings. The military aerospace coatings market in the North America region is witnessing high demand from various new OEMs manufacturing rotary wing and fixed wing military aircraft.
Some of the major players in the military aerospace coatings market include PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), and Hentzen Coatings (US). These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the military aerospace coatings market.
Investments & expansions was the key strategy adopted by the major players to grow in the military aerospace coatings market between 2015 and 2018. This strategy accounted for a share of 53% of all growth strategies adopted by key market players and helped companies enhance their market and expand global presence.
Get Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=106564295
The demand for military aerospace coatings for different military aircraft is high, especially in Russia, the US, China, and India. Competition among countries to become global superpowers, empowerment of their defense sectors, and the adoption of emerging technologies and innovations are expected to drive the demand for military aerospace coatings in these industries. APAC is projected to witness strong growth over the next 5 years followed by North America and Europe.
Different types of military aerospace coatings are used in aircraft, based on the requirements and durability of products. These have distinct properties, which vary according to application requirements. Military aerospace coatings are classified based on resin types, namely, polyurethane, epoxy, and others. Demand in the coating market is based on the demand for coat layers, such as base coat, and top coat. Generally, polyurethane is applied as a top coat and epoxy is applied as a primer. The growing demand for military aerospace coatings from the APAC and North America regions is expected to drive the market. However, government regulations and policies consume time due to the required approvals and are affecting market growth.
PPG Industries (US) manufactures and distributes coatings and glass products. The company operates through two business units, namely, performance coatings and industrial coatings. The company also provides industrial and automotive coatings to manufacturing companies. The company has 140 manufacturing facilities in 40 countries. In June 2017, PPG (US) completed the construction of a USD 49 million paints and coatings manufacturing facility and started operations in the Lipetsk region of Russia.
Read More Insights At https://www.prnewswire.com/news-releases/military-aerospace-coatings-market-worth-390-7-million-by-2023-878344495.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]
The Military Aerospace Coatings Market is projected to grow from USD 310.7 million in 2018 to USD 390.7 million by 2023, at a CAGR of 4.69% between 2018 and 2023.
The military aerospace coatings market in the North America region is witnessing high demand from various new OEMs manufacturing rotary wing and fixed wing military aircraft.Some of the major players in the military aerospace coatings market include PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), and Hentzen Coatings (US).
These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the military aerospace coatings market.Investments & expansions was the key strategy adopted by the major players to grow in the military aerospace coatings market between 2015 and 2018.
This strategy accounted for a share of 53% of all growth strategies adopted by key market players and helped companies enhance their market and expand global presence.Request report sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=106564295Rising demand from emerging economies is expected to drive the military aerospace coatings market during the forecast periodNorth America is expected to account for the largest share of the military aerospace coatings market, in terms of both, volume and value by 2023.
But, the military aerospace coatings market in APAC is projected to grow at the highest CAGR between 2018 and 2023, in terms of value, because of the increasing number of aircraft deliveries and increasing budgets of defense sectors of China and India.
China is estimated to be the leading country in the APAC military aerospace coatings market in 2018, owing to the increase in demand from the OEM and MRO user types.Key players profiled in the military aerospace coatings market report include PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK).PPG Industries (US) manufactures and distributes coatings and glass products.
The report titled ‘Global Military Aerospace Coatings Market Report Forecast to 2027’ provides an in-depth study of the Military Aerospace Coatings sector.
The analysis contained in the report includes a pictorial representation of crucial information relating to the global Military Aerospace Coatings business, along with an extensive investigation of the regional landscape.The research study includes the latest market trends, recent industrial development, technological advancements, product development, and product launches.
The report also provides a detailed evaluation of the critical elements of the global Military Aerospace Coatings market, including product types, applications, end-uses, regions, and leading players.Market Size – USD 314.5 Million in 2018, Market Growth - CAGR of 4.4%, Market Trends-Increasing applications of these coatings in aerospace & defense sectorGet a Sample Copy of the Military Aerospace Coatings Market Report (Submit your official email ID to get priority)@ https://www.reportsanddata.com/sample-enquiry-form/1922 The Global Military Aerospace Coatings Market gives an outline of the current market dynamics by scrutinizing factors such as the drivers, trends, opportunities, challenges, and restraints in the forecast years (2020-2027).
It traces the competitive landscape in the Military Aerospace Coatings industry, which underlines different aspects like product offerings, production capacity, techniques, cost structure, value chain, financial standing, sales margin, and other notable developments recorded in the Military Aerospace Coatings sector.Additionally, this report also offers an analysis of both short-term and long-term strategies adopted by the key companies in the global Military Aerospace Coatings business.
The scope of all segments and sub-segments has also been included in the report.
This is expected to help the readers in making lucrative investments in the emerging sectors or sectors that promise to record the highest growth rate in the worldwide Military Aerospace Coatings market in the coming years.Leading Players:PPG Industries, Inc., Evonik Industries AG, The Sherwin-Williams Company, AkzoNobel N.V, Hentzen Coatings, Inc, Creative Coatings Co., Inc., Hentzen Coatings, Inc., Kansai Paint Co., Ltd., Humiseal, Argosy International Inc., BryCoat Inc., KGaA, Mankiewicz Gebr.
