San Francisco, California (PRWEB) December 23, 2014
The aerospace coatings market is expected to witness growth on account of increased preference towards preventive maintenance instead of breakdown maintenance among OEM in the aerospace industry. Aerospace coatings possess superior properties such as corrosion, ultra violet, abrasion and heat resistance. These properties make it suitable for use in manufacturing airplane parts. This, along with the emergence of eco-friendly powder coatings, is expected to drive market growth in the near future.
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Aviation industry expansion in India, China and Russia is expected to be a key driver for market growth over the next six years. The Chinese and Indian governments have framed favorable FDI policies in order to promote the domestic aerospace industry. The U.S. Government’s National Space Policy, with a view to increase investments in the aviation sector, is expected to positively impact market growth for aerospace coatings. Increased defense expenditure on account of border disputes and political instability by countries such as Russia, Israel and China is expected to open new avenues in the near future.
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Aircraft manufacturers such as Boeing have started using chrome-free paint primer for the V-22 Osprey vertical lift aircraft. Netherlands-based AkzoNobel also delivers chrome-free aerospace coatings under the brand names of Aerodur 3002, Aerodur 3001 and Eclipse serving various markets. In addition, the company has launched new product Base coat/Clear coat, meant to improve adhesion and provide faster drying. Sherwin Williams has included chrome-free aerospace coatings in product offerings and markets under brand names CM0481968 and CM0486707. Increased use of chrome-free coatings by market participants is expected to have a positive impact on market growth over the forecast period.
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