DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Military Aerospace Coatings Market, By Resin Type
7 Military Aerospace Coatings Market, By Technology
8 Military Aerospace Coatings Market, By Aircraft Type
9 Military Aerospace Coatings Market, By User Type
10 Military Aerospace Coatings Market, By Region
11 Competitive Landscape
12 Company Profiles
- PPG
- Akzo Nobel
- Sherwin-Williams
- Hentzen Coatings
- Mapaero
- 3Chem
- Creative Coatings
- Qioptiq
