Military Aerospace Coatings Market

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 Code: CH 6405 Jul, 2018, by marketsandmarkets.com

[105 Pages Report] Military Aerospace Coatings Market was valued at USD 297.6 million in 2017 and is projected to reach USD 390.7 million by 2023, at a CAGR of 4.69% between 2018 and 2023. The base year considered for the study is 2017, while the forecast period is 2018-2023.

Objectives of the Study

  • To define, describe, and forecast the military aerospace coatings market in terms of value and volume
  • To identify and analyze the key growth drivers, restraints, opportunities, and challenges influencing the market
  • To estimate and forecast the market by resin, technology, user type, aircraft type, and region
  • To estimate and forecast the military aerospace coatings market on the basis of region, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
  • To analyze competitive developments, such as new product developments, joint ventures, agreements/ contracts, investments & expansions, and mergers & acquisitions
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To strategically profile the key players and comprehensively analyze their market shares

The top-down and bottom-up approaches have been used to estimate and validate the size of the military aerospace coatings market and various other dependent submarkets. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, American Coatings Associations (ACA), Aerospace Industries Association (AIA), AeroSpace and Defence Industries Association of Europe (ADIAE), Japan Aerospace Exploration Agency (JAXA), and other government and private websites to identify and collect information useful for a technical, market-oriented, and commercial study of the military aerospace coatings market.

Military Aerospace Coatings Market

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Military aerospace coatings are manufactured by using PU, epoxy, and other resin types. Major players in the market are PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK).

Key Target Audience:

  • Military Aerospace Coating Manufacturers
  • Raw Material Suppliers
  • Traders, Distributors, and Suppliers of Military Aerospace Coatings
  • Regional Manufacturer Associations and General Military Aerospace Coatings Associations
  • Government & Regional Agencies and Research Organizations
  • Investment Research Firms

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Scope of the Report
:

This research report categorizes the military aerospace coatings market on the basis of resin type, technology type, user type, aircraft type, and region.

On the Basis of Resin:

  • Polyurethane
  • Epoxy
  • Others

On the Basis of Technology:

  • Liquid
  • Powder

On the Basis of User Type:

  • OEM
  • MRO

On the Basis of Aircraft Type:

  • Fixed Wing
  • Rotary Wing

On the Basis of Region:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

The market is further analyzed for key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of varied aircraft types of military aerospace coatings

Company Information:

  • Detailed analysis and profiles of additional market players

The military aerospace coatings market is estimated to be USD 310.7 million in 2018 and is projected to reach USD 390.7 million by 2023, at a CAGR of 4.69% during the forecast period. The market is driven due to the use of military aerospace coatings by different user types, such as OEM and MRO. The high demand for military aerospace coatings for different military aircraft, such as fixed wing and rotary wing is also driving the military aerospace coatings market.

The demand for military aerospace coatings for different military aircraft is high, especially in Russia, the US, China, and India. Competition among countries to become global superpowers, empowerment of their defense sectors, and the adoption of emerging technologies and innovations are expected to drive the demand for military aerospace coatings in these industries. APAC is projected to witness strong growth over the next 5 years followed by North America and Europe.

Different types of military aerospace coatings are used in aircraft, based on the requirements and durability of products. These have distinct properties, which vary according to application requirements. Military aerospace coatings are classified based on resin types, namely, polyurethane, epoxy, and others. Demand in the coating market is based on the demand for coat layers, such as base coat, and top coat. Generally, polyurethane is applied as a top coat and epoxy is applied as a primer. The growing demand for military aerospace coatings from the APAC and North America regions is expected to drive the market. However, government regulations and policies consume time due to the required approvals andare affecting market growth.

Military Aerospace Coatings Market

Products based on solvent-based technologies, such as those containing VOCs are affecting the environment in most countries in Europe and North America and backlogs created due to coatings, and other safety regulations are restraining the growth of the military aerospace coatings market in these regions.

Key players in the military aerospace coatings market include PPG (US), Akzo Nobel (Netherlands), Sherwin-Williams (US), Hentzen Coatings (US), Mapaero (France), 3Chem (US), Creative Coatings (US), and Qioptiq (UK). Diverse product portfolios, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are factors strengthening the market positions of these companies. These companies have adopted various organic and inorganic growth strategies to enhance their market shares in the military aerospace coatings market.

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Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
           2.3.3 Breakdown of Primary Interviews
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Data Triangulation
    2.6 Assumptions
    2.7 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Significant Opportunities in the Military Aerospace Coatings Market
    4.2 Military Aerospace Coatings Market, By Resin Type
    4.3 Military Aerospace Coatings Market, By Resin Type and Country
    4.4 Military Aerospace Coatings Market: Developed vs Developing Countries
    4.5 APAC Military Aerospace Coatings Market
    4.6 Military Aerospace Coatings Market, By C0untry

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Competition Among Countries to Be A Global Superpower is Strengthening the Defense Sector
           5.2.2 Restraints
                    5.2.2.1 Backlogs Created Due to Coating and Other Safety Regulations
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Nanotechnology and Chrome-Free and Powder-Based Technology in Military Aerospace Coatings
           5.2.4 Challenges
                    5.2.4.1 Stringent and Time-Consuming Regulatory Policies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Military Expenditure

6 Military Aerospace Coatings Market, By Resin Type (Page No. - 37)
    6.1 Introduction
    6.2 PU
    6.3 Epoxy
    6.4 Others
           6.4.1 Acrylic
           6.4.2 Silicone

7 Military Aerospace Coatings Market, By Technology (Page No. - 42)
    7.1 Introduction
    7.2 Liquid-Based Technology
           7.2.1 Solvent-Based Technology
           7.2.2 Water-Based Technology
    7.3 Powder-Based Technology

8 Military Aerospace Coatings Market, By Aircraft Type (Page No. - 44)
    8.1 Introduction
    8.2 Fixed-Wing Aircraft
    8.3 Rotary Wing Aircraft

9 Military Aerospace Coatings Market, By User Type (Page No. - 46)
    9.1 Introduction
    9.2 Original Equipment Manufacturer (OEM)
    9.3 Maintenance, Repair & Overhaul (MRO)

10 Military Aerospace Coatings Market, By Region (Page No. - 50)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Russia
             10.3.2 France
             10.3.3 UK
             10.3.4 Germany
             10.3.5 Spain
             10.3.6 Italy
             10.3.7 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Singapore
             10.4.6 Taiwan
             10.4.7 Thailand
             10.4.8 Vietnam
             10.4.9 Rest of APAC
     10.5 Middle East & Africa
             10.5.1 South Africa
             10.5.2 Israel
             10.5.3 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 83)
     11.1 Introduction
     11.2 Market Ranking
     11.3 Competitive Scenario
             11.3.1 Investment & Expansion
             11.3.2 Merger & Acquisition
             11.3.3 New Product Launch

12 Company Profiles (Page No. - 87)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 PPG Industries
     12.2 Akzo Nobel
     12.3 The Sherwin-Williams Company
     12.4 Hentzen Coatings, Inc.
     12.5 Mapaero
     12.6 3chem
     12.7 Creative Coatings
     12.8 Qioptiq

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 100)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (96 Tables)

Table 1 Military Aerospace Coatings Market Snapshot (2018 vs 2023)
Table 2 Trends and Forecast of GDP, Annual Percentage Change
Table 3 Military Expenditure, By Country, 2016
Table 4 Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 5 Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 6 PU: Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 7 PU: Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 8 Epoxy: Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 9 Epoxy: Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 10 Others: Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 11 Others: Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 12 Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 13 Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 14 OEM: Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 15 OEM: Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 16 MRO: Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 17 MRO: Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 18 Military Aerospace Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 19 Military Aerospace Coatings Market Size, By Region, 2016–2023 (Thousand Gallon)
Table 20 North America: Military Aerospace Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 21 North America: Military Aerospace Coatings Market Size, By Country, 2016–2023 (Thousand Gallon)
Table 22 North America: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 23 North America: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 24 North America: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 25 North America: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (Thousand Gallon)
Table 26 North America: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 27 North America: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 28 US: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 29 US: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 30 Canada: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 31 Canada: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 32 Mexico: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 33 Mexico: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 34 Europe: Military Aerospace Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 35 Europe: Military Aerospace Coatings Market Size, By Country, 2016–2023 (Thousand Gallon)
Table 36 Europe: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 37 Europe: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 38 Europe: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 39 Europe: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (Thousand Gallon)
Table 40 Europe: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 41 Europe: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 42 Russia: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 43 Russia: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 44 France: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 45 France: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 46 UK: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 47 UK: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 48 Germany: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 49 Germany: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 50 Spain: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 51 Spain: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 52 APAC: Military Aerospace Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 53 APAC: Military Aerospace Coatings Market Size, By Country, 2016–2023 (Thousand Gallon)
Table 54 APAC: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 55 APAC: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 56 APAC: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 57 APAC: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (Thousand Gallon)
Table 58 APAC: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 59 APAC: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 60 China: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 61 China: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 62 India: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 63 India: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 64 Japan: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 65 Japan: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 66 South Korea: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 67 South Korea: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 68 Singapore: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 69 Singapore: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 70 Middle East & Africa: Military Aerospace Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 71 Middle East & Africa: Military Aerospace Coatings Market Size, By Country, 2016–2023 (Thousand Gallon)
Table 72 Middle East & Africa: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 73 Middle East & Africa: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 74 Middle East & Africa: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 75 Middle East & Africa: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (Thousand Gallon)
Table 76 Middle East & Africa: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 77 Middle East & Africa: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 78 South Africa: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 79 South Africa: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 80 Israel: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 81 Israel: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 82 South America: Military Aerospace Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 83 South America: Military Aerospace Coatings Market Size, By Country, 2016–2023 (Thousand Gallon)
Table 84 South America: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (USD Million)
Table 85 South America: Military Aerospace Coatings Market Size, By Resin Type, 2016–2023 (Thousand Gallon)
Table 86 South America: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (USD Million)
Table 87 South America: Military Aerospace Coatings Market Size, By Technology, 2016–2023 (Thousand Gallon)
Table 88 South America: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (USD Million)
Table 89 South America: Military Aerospace Coatings Market Size, By User Type, 2016–2023 (Thousand Gallon)
Table 90 Brazil: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 91 Brazil: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 92 Argentina: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (USD Million)
Table 93 Argentina: Military Aerospace Coatings Market Size, By Aircraft Type, 2016–2023 (Thousand Gallon)
Table 94 Investment & Expansion, 2015–2018
Table 95 Merger & Acquisition, 2015–2018
Table 96 New Product Launch, 2015–2018


List of Figures (39 Figures)

Figure 1 Military Aerospace Coatings Market Segmentation
Figure 2 Military Aerospace Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Military Aerospace Coatings Market: Data Triangulation
Figure 6 North America to Lead the Military Aerospace Coatings Market
Figure 7 PU Segment to Dominate the Military Aerospace Coatings Market
Figure 8 APAC to Be the Fastest-Growing Military Aerospace Coatings Market
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities to Market Players
Figure 10 PU to Be the Largest Segment Between 2018 and 2023
Figure 11 US Accounted for the Largest Market Share in 2017
Figure 12 Military Aerospace Coatings Market to Witness Higher Growth in Developing Countries
Figure 13 China to Register the Highest CAGR in APAC
Figure 14 US Was the Largest Military Aerospace Coatings Market in 2017
Figure 15 Overview of Factors Governing the Military Aerospace Coatings Market
Figure 16 Military Aerospace Coatings Market: Porter’s Five Forces Analysis
Figure 17 PU to Be the Largest Resin Type in the Military Aerospace Coatings Market
Figure 18 Liquid-Based Coating Was the Larger Technology, in Terms of Volume, in 2017
Figure 19 North America Was the Largest Market for Liquid-Based Military Aerospace Coatings, in Terms of Volume, in 2017
Figure 20 North America Was the Largest Market for Powder-Based Military Aerospace Coatings, in Terms of Volume, in 2017
Figure 21 Fixed-Wing Aircraft Type Accounted for the Larger Share, in Terms of Volume, in 2017
Figure 22 North America Was the Largest Market for Fixed-Wing Military Aerospace Coatings, in Terms of Volume, in 2017
Figure 23 North America Was the Largest Market for Rotary Wing Military Aerospace Coatings, in Terms of Volume, in 2017
Figure 24 OEM is the Dominant User Type in the Military Aerospace Coatings Market
Figure 25 US, India, and China to Emerge as Strategic Locations for the Military Aerospace Coatings Market
Figure 26 APAC and North America to Be the Fastest-Growing Markets for Military Aerospace Coatings
Figure 27 North America: Military Aerospace Coatings Market Snapshot
Figure 28 Rise in Military Expenditure to Drive the Military Aerospace Coatings Market in the Us
Figure 29 PU Segment to Dominate the Military Aerospace Coatings Market in Europe
Figure 30 Russia to Dominate the Military Aerospace Coatings Market in Europe
Figure 31 APAC: Military Aerospace Coatings Market Snapshot
Figure 32 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2015 and 2018
Figure 33 Ranking of Key Players in 2017
Figure 34 PPG Industries: Company Snapshot
Figure 35 PPG Industries: SWOT Analysis
Figure 36 Akzo Nobel: Company Snapshot
Figure 37 Akzo Nobel: SWOT Analysis
Figure 38 The Sherwin-Williams Company: Company Snapshot
Figure 39 The Sherwin-Williams Company: SWOT Analysis


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