The aerospace coatings market is estimated to reach 26,741.62 thousand gallons by volume by 2019, signifying a CAGR of over 4.49% between 2014 and 2019.
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About 70% of the total demand was for the commercial segment in 2012. Commercial aerospace coatings segment is driven by increasing air traffic, replacement of obsolete aircrafts, and strong economic growth in the emerging markets.
North America and Europe are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands, respectively. The commercial end-user industry led this rapid growth in the aerospace coatings market, backed by the high demand of commercial airline fleets and cargo planes.
The important manufacturers include AkzoNobel N.V. (The Netherlands), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), Henkel AG & Company (Germany), Mankiewicz Gebr. & Co (Germany), and Hentzen Coatings (U.S.).