Aerospace Coatings Market was estimated to be $2,109.64 million in 2013 and is projected to grow at a CAGR of about 5.96% between 2014 and 2019.
(PRWEB) September 16, 2014
The report covers the global aerospace coatings market and further divides the market on the basis of end-user industry, user type, and region. The market data for both end-user industry and user types is given with respect to volume (thousand tons) and value ($million). The global market size, in terms of value, of aerospace coatings was estimated to be $2,109.64 million in 2013 and is projected to grow at a CAGR of about 5.96% between 2014 and 2019. Maintenance, repair & overhaul segment is expected to show rapid growth in the future. The data mentioned in the report are based on the global demand for aerospace coatings. Complete report is available at http://www.rnrmarketresearch.com/aerospace-coatings-market-by-end-user-industry-commercial-military-general-aviation-by-user-type-original-equipment-manufacturer-oem-maintenance-repair-overhaul-mro-by-region-north-market-report.html .
The total market for global aerospace coatings has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides value chain analysis with respect to aerospace coatings raw materials, manufacturers, and end-user industries. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players contributing to the global aerospace coatings industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers, such chromo free technology, cost saving products, environment-friendly products, and increased number of passengers traveling by air. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries. The price volatility in the past has made the market more strained for the end-user industries.
The key companies in this market are PPG Industries Inc. (U.S.), AkzoNobel N.V. (The Netherlands), Henkel AG & Company (Germany), Mankiewicz Gebr. & Co (Germany), Hentzen Coatings Inc., (U.S), Hohman Plating & Manufacturing LLC (U.S), Ionbond AG (Switzerland), The Sherwin-Williams Company (U.S.), and Zircotec Ltd (U.K). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage, and thereby serving the customers more effectively. Investments and expansions were the most preferred strategies by the top players in 2012 that were driving the demand of aerospace coatings. Their strategy to capture the market in developing economies includes expansions and investments. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=212398 .
The rising demand for aerospace coatings in Asia-Pacific region emerged to be the driving factor for this market, contributing for more than 30% of the global demand, in terms of consumption, in 2012. China is the leading country in the consumption of aerospace coatings, due to the increased demand for commercial and military aerospace industry. The important emerging economies, such as the India, Russia, and others are further lined up for strong growth in this market.
The report also presents a competitive landscape covering different strategies and developments, such as mergers & acquisitions, expansions, and agreements undertaken by the leading aerospace coatings companies in the past few years. Furthermore, different aerospace coatings market participants are also profiled in the report. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=212398 .
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