Military Aerospace Coatings Market by Resin Type (Polyurethane and Epoxy), Technology (Liquid and Powder), User Type (OEM and MRO), Aircraft Type (Fixed Wing and Rotary Wing), and Region (North America, Europe, APAC) - Global Forecast to 2023
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 growing demand from user types, such as OEMs and MROs for different military aircraft, such as fixed wing and rotary wing is expected to fuel the growth of the military aerospace coatings market. However, the backlog created due to coating and other safety regulations is expected to restrain the growth of the military aerospace coatings market during the forecast period.
Liquid-based technology is the largest technology type segment of the military aerospace coatings market
Military aerospace coatings are based upon various technologies, such as liquid and powder. Furthermore, the liquid technology segment is subsegmented into solvent-based and water-based technology. The superior coverage on the inner corners and hard to reach places, smoother and more uniform finish are factors leading to the increasing demand for the liquid-based coating technology, which is expected to drive the growth of the military aerospace coatings market in the liquid technology segment during the forecast period.
Rising demand from North America makes it the largest market of the military aerospace coatings market
APAC is projected to be the fastest-growing market, in terms of both, volume and value, during the forecast period. However, the military aerospace coatings market in North America is estimated to account for the largest share in 2018, in terms of both, volume and value. The North American military aerospace coatings market is driven by the extensive distribution systems, highly skilled labor, and strong government support. The US remained the world's largest spender with military spending of USD 610 billion in 2017.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.
Breakup of Primary Interviews:
- By Company Type: Tier 1 – 58%, Tier 2 – 33%, and Tier 3 – 9%
- By Designation: D Level – 50%, C Level – 33%, and Others – 17%
- By Region: North America – 33%, Europe – 30%, Asia Pacific – 16%, South America- 14% and Middle East & Africa – 7%
Research Coverage:
The military aerospace coatings market has been segmented on the basis of resin type (polyurethane, epoxy, and others), technology (liquid-based and powder-based), user type (OEM and MRO), aircraft type (fixed wing and rotary wing), and region (North America, Europe, APAC, Middle East & Africa, and South America). The aircraft type segment is further analyzed for each country in respective regions.
Reasons to buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on military aerospace coatings offered by top players in the military aerospace coatings market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the military aerospace coatings market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for military aerospace coatings across regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the military aerospace coatings market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the military aerospace coatings market.
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 SECONDARY DATA
2.2.1 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
2.3.1 KEY DATA FROM PRIMARY SOURCES
2.3.2 KEY INDUSTRY INSIGHTS
2.3.3 BREAKDOWN OF PRIMARY INTERVIEWS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES IN THE MILITARY AEROSPACE COATINGS MARKET
4.2 MILITARY AEROSPACE COATINGS MARKET, BY RESIN TYPE
4.3 MILITARY AEROSPACE COATINGS MARKET, BY RESIN TYPE AND COUNTRY
4.4 MILITARY AEROSPACE COATINGS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
4.5 APAC MILITARY AEROSPACE COATINGS MARKET
4.6 MILITARY AEROSPACE COATINGS MARKET, BY C0UNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Competition among countries to be a global superpower is strengthening the defense sector
5.2.2 RESTRAINTS
5.2.2.1 Backlogs created due to coating and other safety regulations
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of nanotechnology and chrome-free and powder-based technology in military aerospace coatings
5.2.4 CHALLENGES
5.2.4.1 Stringent and time-consuming regulatory policies
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS
5.4.1 INTRODUCTION
5.4.2 TRENDS AND FORECAST OF GDP
5.4.3 MILITARY EXPENDITURE
6 MILITARY AEROSPACE COATINGS MARKET, BY RESIN TYPE
6.1 INTRODUCTION
6.2 PU
6.3 EPOXY
6.4 OTHERS
6.4.1 ACRYLIC
6.4.2 SILICONE
7 MILITARY AEROSPACE COATINGS MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
7.2 LIQUID-BASED TECHNOLOGY
7.2.1 SOLVENT-BASED TECHNOLOGY
7.2.2 WATER-BASED TECHNOLOGY
7.3 POWDER-BASED TECHNOLOGY
8 MILITARY AEROSPACE COATINGS MARKET, BY AIRCRAFT TYPE
8.1 INTRODUCTION
8.2 FIXED-WING AIRCRAFT
8.3 ROTARY WING AIRCRAFT
9 MILITARY AEROSPACE COATINGS MARKET, BY USER TYPE
9.1 INTRODUCTION
9.2 ORIGINAL EQUIPMENT MANUFACTURER (OEM)
9.3 MAINTENANCE, REPAIR & OVERHAUL (MRO)
10 MILITARY AEROSPACE COATINGS MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 RUSSIA
10.3.2 FRANCE
10.3.3 UK
10.3.4 GERMANY
10.3.5 SPAIN
10.3.6 ITALY
10.3.7 REST OF EUROPE
10.4 APAC
10.4.1 CHINA
10.4.2 INDIA
10.4.3 JAPAN
10.4.4 SOUTH KOREA
10.4.5 SINGAPORE
10.4.6 TAIWAN
10.4.7 THAILAND
10.4.8 VIETNAM
10.4.9 REST OF APAC
10.5 MIDDLE EAST & AFRICA
10.5.1 SOUTH AFRICA
10.5.2 ISRAEL
10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.2 ARGENTINA
10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 MARKET RANKING
11.3 COMPETITIVE SCENARIO
11.3.1 INVESTMENT & EXPANSION
11.3.2 MERGER & ACQUISITION
11.3.3 NEW PRODUCT LAUNCH
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 PPG INDUSTRIES
12.2 AKZO NOBEL
12.3 THE SHERWIN-WILLIAMS COMPANY
12.4 HENTZEN COATINGS, INC.
12.5 MAPAERO
12.6 3CHEM
12.7 CREATIVE COATINGS
12.8 QIOPTIQ
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
TABLE 1 MILITARY AEROSPACE COATINGS MARKET SNAPSHOT (2018 VS. 2023)
TABLE 2 TRENDS AND FORECAST OF GDP, ANNUAL PERCENTAGE CHANGE
TABLE 3 MILITARY EXPENDITURE, BY COUNTRY, 2016
TABLE 4 MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 5 MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 6 PU: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 7 PU: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 8 EPOXY: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 9 EPOXY: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 10 OTHERS: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 11 OTHERS: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 12 MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 13 MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 14 OEM: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 15 OEM: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 16 MRO: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 17 MRO: MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 18 MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 19 MILITARY AEROSPACE COATINGS MARKET SIZE, BY REGION, 2016–2023 (THOUSAND GALLON)
TABLE 20 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 21 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (THOUSAND GALLON)
TABLE 22 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 23 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 24 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (USD MILLION)
TABLE 25 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (THOUSAND GALLON)
TABLE 26 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 27 NORTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 28 US: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 29 US: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 30 CANADA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 31 CANADA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 32 MEXICO: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 33 MEXICO: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 34 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 35 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (THOUSAND GALLON)
TABLE 36 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 37 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 38 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (USD MILLION)
TABLE 39 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (THOUSAND GALLON)
TABLE 40 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 41 EUROPE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 42 RUSSIA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 43 RUSSIA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 44 FRANCE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 45 FRANCE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 46 UK: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 47 UK: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 48 GERMANY: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 49 GERMANY: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 50 SPAIN: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 51 SPAIN: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 52 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 53 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (THOUSAND GALLON)
TABLE 54 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 55 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 56 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (USD MILLION)
TABLE 57 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (THOUSAND GALLON)
TABLE 58 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 59 APAC: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 60 CHINA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 61 CHINA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 62 INDIA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 63 INDIA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 64 JAPAN: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 65 JAPAN: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 66 SOUTH KOREA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 67 SOUTH KOREA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 68 SINGAPORE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 69 SINGAPORE: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 70 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 71 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (THOUSAND GALLON)
TABLE 72 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 73 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 74 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (USD MILLION)
TABLE 75 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (THOUSAND GALLON)
TABLE 76 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 77 MIDDLE EAST & AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 78 SOUTH AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 79 SOUTH AFRICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 80 ISRAEL: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 81 ISRAEL: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 82 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 83 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY COUNTRY, 2016–2023 (THOUSAND GALLON)
TABLE 84 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (USD MILLION)
TABLE 85 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY RESIN TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 86 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (USD MILLION)
TABLE 87 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY TECHNOLOGY, 2016–2023 (THOUSAND GALLON)
TABLE 88 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (USD MILLION)
TABLE 89 SOUTH AMERICA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY USER TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 90 BRAZIL: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 91 BRAZIL: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 92 ARGENTINA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (USD MILLION)
TABLE 93 ARGENTINA: MILITARY AEROSPACE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2016–2023 (THOUSAND GALLON)
TABLE 94 INVESTMENT & EXPANSION, 2015–2018
TABLE 95 MERGER & ACQUISITION, 2015–2018
TABLE 96 NEW PRODUCT LAUNCH, 2015–2018
The report "Military Aerospace Coatings Market by Resin Type (Polyurethane and Epoxy), Technology (Liquid and Powder), User Type (OEM and MRO), Aircraft Type (Fixed Wing and Rotary Wing), and Region (North America, Europe, APAC) - Global Forecast to 2023" The military aerospace coatings market is projected to reach USD 390.7 million by 2023. The market size of military aerospace coatings is projected to grow from USD 310.7 million in 2018 to USD 390.7 million by 2023, at a CAGR of 4.69% from 2018 to 2023. The market is driven by a wide range of user types, namely, OEMs and MRO service providers for different military aircraft. In addition, the increasing number of fixed wing and rotary wing military aircraft globally is also expected to drive the use of military aerospace coatings in the OEM and MRO user type industry.
Major companies profiled in this report include:
PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK) among others.
These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the military aerospace coatings market.
Research Coverage:
The military aerospace coatings market has been segmented on the basis of resin type (polyurethane, epoxy, and others), technology (liquid-based and powder-based), user type (OEM and MRO), aircraft type (fixed wing and rotary wing), and region (North America, Europe, APAC, Middle East & Africa, and South America). The aircraft type segment is further analyzed for each country in respective regions.
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. The site is expected to produce about 25 million liters of coatings at full capacity and caters to the demand for coatings in Russia. The company has been acquiring emerging companies in the military aerospace coatings market. For example, in July 2017, PPG acquired the Crown Group, a US-based leader in the coatings application services business. This acquisition is expected to enhance PPG’s ability to service its Original Equipment Manufacturer (OEM) customers and help cater to the demand for coatings in the North American region.
There are several major North American and European players in the military aerospace coatings market. The Netherlands based Akzo Nobel Company is also one of the leaders in the military aerospace coatings market. The company has a strong customer base and operates in various countries in Europe, North America, APAC, South America, and the Middle East. It has business activities in more than 80 countries. The company mainly focuses on the investments & expansions strategy to grow its business. For example, in July 2018, Akzo Nobel opened a new coatings production facility in Kenya, which is expected to expand the company’s performance coatings presence in Africa.
Polyurethane (PU) is the largest resin type segment of the military aerospace coatings market
The military aerospace coatings market has been segmented on the basis of resin into polyurethane, epoxy, and others which include acrylic and silicone. In 2018, the PU resin type is estimated to account for the largest market share, in terms of volume, due to the demand for military aerospace coatings for fixed wing and rotary wing military aircraft. PU is used as a top coat and epoxy is generally used as primer. The UV resistant property leads to the high demand for the PU resin.
Rising demand from emerging economies is expected to drive the military aerospace coatings market during the forecast period
North 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.
