Advanced Aerospace Coatings Market is Anticipated to Register the CAGR of 4.9% through 2028

Advanced Aerospace Coatings Market is Anticipated to
Register the CAGR of 4.9% through 2028
March 2019
Report Id : REP-EU-82
Status : Publish
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Systematic Research Approach
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Advanced Aerospace Coatings Market Analysis
The report provides comprehensive information on market trends, value (US$ Mn) and volume (‘000 Li),
competition, recent developments and dynamics in Europe advanced aerospace coatings market for the
duration between 2018 and 2028.
The Europe advanced aerospace coatings market was valuated at just-over US$ 390 million in 2018,
which is anticipated to register the CAGR of 4.9% through 2028. Increasing demand for efficient and
lightweight advanced aerospace coatings is expected to be a major factor driving the demand for
advanced aerospace coatings in the Europe market during the forecast period.
Rising Aircraft Production & Expanding Fleet Size Continues to Generate Sustained Demand for
Advanced Aerospace Coatings in Europe:
Europe’s increasing air passenger traffic has been leading to an increase in the demand for commercial
aircraft. This, in turn, has been leading to an increase in the production of commercial aircraft. The
growth of the advanced aerospace coatings market is directly dependent on the total aircraft production
and the fleet size.
Rising production and sales of aircraft, particularly in developing countries within the region are
anticipated to create noteworthy opportunities in Europe’s advanced aerospace coatings market.
Increasing aircraft deliveries by leading manufacturers such as Airbus and Boeing are underpinning
substantial additions to the existing aircraft fleet size of Europe.
©2015 Future Market Insights, All Rights Reserved
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Advanced Aerospace Coatings Market Analysis
Progressing Scenario within MRO Segment to Majorly Influence Europe’s Advanced Aerospace Coatings
Market Growth:
As the number of aircraft that are in service is increasingly constantly, the report prompts at the subsequent
rise in demand for maintenance, repair, and overhaul (MRO) of various aircraft parts, components, and vital
systems. This, according to FMI, will trigger the revenue growth of MRO sales channel within Europe’s
advanced aerospace coatings market during the forecast period.
The MRO sales channel of commercial segment of the Europe advanced aerospace coatings market is
projected to grow at a 5.9% value CAGR during the forecast period. Increasing fleet size of commercial as
well as business aircraft and high demand for customized exteriors are some of the other factors driving the
growth of the advanced aerospace coatings MRO sales channel.
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Aftermarket Sales of Advanced Aerospace Coatings in Europe to Gain Uptick with Soaring Demand for
Leased Aircraft:
An aircraft, being one of the most expensive commodities, a number of small airline carriers prefer to lease
from major players. While leasing of aircraft helps these airline carriers avoid high capital investments, they
generally tend to renovate the entire aircraft before putting it into operation. The entire aircraft cabin is
renovated according to specific requisites of respective airline carriers and their customer demands.
©2015 Future Market Insights, All Rights Reserved
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Advanced Aerospace Coatings Market Analysis
Rapid Sales of Advanced Aerospace Coatings Continue to Suffer from Relatively Gradual Growth of
European Economies, Post Crisis:
Post the financial crisis, economic growth has slowed down, as compared to the growth registered prior to
the financial crisis. Wage growth has been weak and most of the industrial work has been outsourced to
emerging economies, which has made industrial investment in developed economies weak.
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Advanced Aerospace Coatings Market – Competition Landscape
The Europe advanced aerospace coatings market is consolidated with the top two market players (Akzo
Nobel and PPG Industries Inc.) accounting for double-digit market shares as of 2017. The top ten players in
the Europe advanced aerospace coatings market are projected to collectively account for between a 50%
and 60% market share.
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Advanced Aerospace Coatings Market Analysis
In the recent past, the advanced aerospace coatings market has witnessed significant improvements from a
competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the
key strategies being adopted by market players to expand and sustain in the Europe advanced aerospace
coatings market.
 Praxair, Inc. and GE Aviation opened a new facility in the U.S. for their PG Technologies business that
specializes in advanced coatings and enables jet engines to withstand high stress and temperatures
 PG Technologies Ltd. announced that it intends to add a new additional coating capacity in Singapore to
meet the ever-increasing demand from the aviation industry
 Akzo Nobel opened a specialty coatings facility in Dongguan, China, primarily for the production of
advanced aerospace coatings for South and North Asia aviation markets
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Advanced Aerospace Coatings Market Analysis
Rapid Sales of Advanced Aerospace Coatings Continue to Suffer from Relatively Gradual Growth of
European Economies, Post Crisis:
Post the financial crisis, economic growth has slowed down, as compared to the growth registered prior
to the financial crisis. Wage growth has been weak and most of the industrial work has been outsourced
to emerging economies, which has made industrial investment in developed economies weak. This, in
turn, has been restraining the growth of the advanced aerospace coatings market.
Democratic uprisings, such as the Arab Spring, economic sanctions against Russia and the involvement of
Ukraine in a proxy war, have pushed many countries into an economic turmoil. The market in these
nations has been deteriorating exponentially and in recent times, these markets have been exhibiting a
moderate growth scenario. Due to the economic crisis, the purchasing in these countries has come down
drastically and subsequently, the demand for advanced aerospace coatings has suffered.
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The Europe advanced aerospace coatings market was valuated at just-over US$ 390 million in 2018, which is anticipated to register the CAGR of 4.9% through 2028. Increasing demand for efficient and lightweight advanced aerospace coatings is expected to be a major factor driving the demand for advanced aerospace coatings in the Europe market during the forecast period.

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