India Aerospace Coating Market was valued $81.3 Mn in 2017, and is projected to reach $142.7 Mn by 2026, growing at a CAGR of 7.2% during forecast.
India Aerospace Coating Market
Aerospace coatings offers high resistance against corrosion, solar heat & UV rays, fog, and climatic stress. Progress of the civil aviation sector due to development of new airports and air services drives India aerospace coating market. In addition, advancement in the field of chromo-free technology is the major factor boosting the growth of the market. However, volatile raw material cost and harmful environmental impact of chromium & lead-based heavy metal restrain the market growth. Nanotechnology in the manufacturing of aerospace coating is expected to pose new opportunities for the market growth.
Polyurethanes is foreseen to be the most remunerative segment, as they offer enhanced protection against chemical, staining, and abrasions as compared to other coatings. Polyurethane acts as a UV inhibitor to protect aircraft from corrosive effects of UV rays. Also, durable as well as elastic, and does not crack under excessive pressure even if the fillers underneath experience cracks.
Solvent based coatings segment grabs 60% share of the India aerospace coating market in 2017. However, VOCs emission restrain the growth of market. Water-based coatings is predicted to exhibit high growth rate during the forecast period, owing to ease of clean up, minimum VOCs, decreased fire hazard, and less requirement of petroleum-based raw materials in coatings.
OEM is leading the India aerospace coating market and is expected to maintain its dominance during forecast period. Demand from maintenance, repair and overhaul (MRO) will experience significant growth rate owing to consolidation of aviation industry. Moreover, faster processing time, wide colour options and cost-effective services will support the aerospace coating market demand from MRO during forecast period.
Akzonobel N.V., BASF SE, Henkel AG, Hentzen Coatings, Inc., IHI Ionbond AG, Mankiewicz GEBR, Mapaero, PPG Industries, INC, The Sherwin-Williams Company, Zircotec Ltd., AHC Oberflchentechnik GmbH, Argosy International, Asahi Kinzoku Kogyo Inc., Brycoat Inc., Cheaerospacel, Hohman Plating & Manufacturing LLC, International Aerospace Coatings Holdings Lp, Merck Performance Materials, NVSC Specialty Coatings, and Zodiac Aerospace are key players involved in the India aerospace coatings market.
Scope of the India Aerospace Coating Market
India Aerospace Coating Market by Resin:
India Aerospace Coating Market by Technology:
India Aerospace Coating Market by User Type:
• Original Equipment Manufacturer
• Maintenance, Repair and Overhaul
Key Player analysed in India Aerospace Coating Market:
• Akzonobel N.V.
• BASF SE
• Henkel AG
• Hentzen Coatings
• IHI Ionbond AG
• Mankiewicz GEBR
• Mapaero, PPG Industries
• The Sherwin-Williams Company
• Zircotec Ltd
• AHC Oberflchentechnik GmbH
• Argosy International
• Asahi Kinzoku Kogyo Inc.
• Brycoat Inc.
• Hohman Plating & Manufacturing
• International Aerospace Coatings Holdings
• Merck Performance Materials
• NVSC Specialty Coatings
• Zodiac Aerospace.
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