The Global Aircraft Paints Market to 2023: Analysis by Technology, End-user and Application - Key Opportunities in the Application of Nanotechnology - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Global Aircraft Paints Market Size - Segmented by Technology (Liquid Coating, Power Coating), End-user (Commercial Aviation, Military Aviation, General Aviation), Application - Growth, Trends, and Forecast (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.
The Application of Nanotechnology: Key Opportunities
The use of nanotechnology-based anti-icing coating will gain significant acceptance from the commercial and military aviation sectors. Over the past decade, GE Global Research (an R&D division of General Electric) has been actively involved in the development of an enhanced nano-textured anti-icing surface that can be applied on the surface of aircraft. The increase in sales of aircraft since the last decade is also a major factor driving the market.
These coatings are highly helpful for the segments involving high manufacturing costs, such as military aviation. Owing to the increasing middle class incomes in emerging countries, there is a surge in the demand for air travel in the recent times, and this demand is expected to grow further in the coming years.
Subsequently, the global aircraft fleet is also projected to grow at a significant rate, with over 41,000 aircraft deliveries expected to happen by the year 2036. Boeing estimates the total aircraft fleet to grow at a rate of 3.5% by the year 2036, with an estimated air traffic growth of 4.7%.
Similarly, the increasing industrial production and global trade have driven the air cargo services around the world, which, in turn, is boosting the demand for the production of new commercial aircraft. These factors are expected to provide ample opportunities for growth in the consumption of the nano paints and coatings used in the aerospace industry.
Major Market DevelopmentsACOA (The Atlantic Canada Opportunities Agency) invests USD 3.2 million in MSD Coating Technologies Corporation. AkzoNobel Aerospace Coatings adds Hisco as a distributor in the United States for aircraft paints.
Companies ProfiledE I Du Pont De Nemours and Co. BASF SE (ADR) 3M Co. AkzoNobel N.V. (ADR) PPG Industries Inc. HENKEL AG & Co/S ADR Mankiewicz Gebr. & Co. (GmbH & Co. KG) Hentzen Coatings Inc. IHI Ionbond AG Sherwin-Williams Co. Zircotec Ltd.
Key Topics Covered
2. Research Methodology
3. Market Insight
4. Market Dynamics
5. Aircraft Paint Market, Segmented By Technology
6. Aircraft Paint Market, Segmented By End-user
7. Aircraft Paint Market, Segmented By Application
8. Aircraft Paint Market, Segmented By Geography
9. Competitive Landscape
10. Company Profiles
11. Future of the Market
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Related Topics:Aircraft,Paints and Coatings
INDUSTRY KEYWORD: TECHNOLOGY NANOTECHNOLOGY MANUFACTURING AEROSPACE CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/27/2018 11:32 AM/DISC: 09/27/2018 11:31 AM