DUBLIN--(BUSINESS WIRE)--The "India Aerospace Coating Market by Resin Type, Technology, User Type, End User, Application - India Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The India aerospace coating market was valued at $80 million in 2016, and is projected to reach $130 million by 2023, growing at a CAGR of 7.2% from 2017 to 2023. The solvent based coatings segment accounted for more than 60% share of the India aerospace coating market in 2016.
The growth of the India aerospace coating market is majorly driven by development of the aviation industry. Moreover, advancement in the field of chromo-free technology is the major factor boosting the growth of the market. In addition, growth in the civil aviation sector due to development of new airports and air services propels the market growth.
Furthermore, the demand for high-quality paints & coatings for use in aircraft is on a constant increase, which has led to development in the technologies used for manufacturing aerospace coatings.
Nano-coatings are witnessing increased popularity, as they resist drag, dirt, stain, and are widely utilized for retaining shiny colors for a longer period. Thus, increase in use of nanotechnology in paint and coatings industry is anticipated to offer growth opportunity for the market.
- In terms of volume, polyurethane accounted for share of nearly 59.13% in the India aerospace coating market in 2017.
- Exterior application is anticipated to grow with the highest CAGR throughout the forecast period.
- In terms of value, commercial aviation accounted for 49.45% of the India aerospace coating market in 2017.
- The polyurethane resin segment is anticipated to grow at the highest rate in the India aerospace coating market during the analysis period.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: India Aerospace Coatings Market, by Resin Type
Chapter 5: India Aerospace Coating Market, by Technology
Chapter 6: India Aerospace Coating Market, by User Type
Chapter 7: India Aerospace Coating Market, by End-Use Industry
Chapter 8: India Aerospace Coating Market, by Application
Chapter 9: Company Profiles
- AkzoNobel N.V.
- BASF SE
- Henkel AG & Co. KGaA
- Hentzen Coatings Inc.
- IHI Ionbond AG
- Mankiewicz Gebr. & Co.
- PPG Industries Inc.
- The Sherwin-Williams Company.
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