DUBLIN, September 24, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/j7qq5q/aerospace) has announced the addition of the "Aerospace Coatings Market by End-user Industry, by User Type & by Region - Global Forecast 2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The aerospace coatings market is estimated to reach 26,741.62 thousand gallons by volume by 2019, signifying a CAGR of over 4.49% between 2014 and 2019.
The market size, in terms of value, of the global aerospace coatings market was estimated at $2,109.64 million in 2013 and is projected to reach $2,991.38 million by 2019, at a CAGR of 5.96% from 2014. The global market, along with its end-user segments, has witnessed a significant growth in the past few years and this growth is estimated to continue in the coming years. An increase in the demand in commercial, and maintenance, repair and overhaul segment will be the key influencing factors for the global aerospace coatings market.
Currently, Asia-Pacific is the largest consumer globally. China leads the market, with the largest share in the regional volumetric consumption in 2012. The market size, in terms of volume, is comparatively low in RoW, but is estimated to grow at a CAGR 4.61% from 2014 to 2019.
About 70% of the total demand was for the commercial segment in 2012. Commercial aerospace coatings segment is driven by increasing air traffic, replacement of obsolete aircrafts, and strong economic growth in the emerging markets.
North America and Europe are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands, respectively. The commercial end-user industry led this rapid growth in the aerospace coatings market, backed by the high demand of commercial airline fleets and cargo planes.
The important manufacturers include AkzoNobel N.V. (The Netherlands), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), Henkel AG & Company (Germany), Mankiewicz Gebr. & Co (Germany), and Hentzen Coatings (U.S.).
This report covers the aerospace coatings market by key regions and important countries in each region. It also provides a detailed segmentation of the market on the basis of key user types, end-user industries, and various regions upto 2019.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Premium Insights
5 Market Analysis, By User Type(OEM & MRO)
6 Market Analysis, By End-User Industry
7 Market Analysis, By Region
8 Competitive Landscape
9 Company Profiles
- Akzonobel N.V.
- BASF SE
- Henkel Ag & Company
- Hentzen Coatings, Inc.
- Hohman Plating & Manufacturing Llc
- Ionbond Ag
- Mankiewicz Gebr. & Co.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Zircotec Ltd
For more information visit http://www.researchandmarkets.com/research/j7qq5q/aerospace
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets