Report ID: SQMIG20A2283
Report ID:
SQMIG20A2283 |
Region:
Global |
Published Date: December, 2024
Pages:
179
|
Tables:
138 |
Figures:
73
Drivers
The aerospace coatings market is growing globally, especially in the emerging regions, due to increased air travel demand. Increased fleets of aircraft require advanced coatings as airlines increase their fleets to accommodate the increasing number of passengers. These coatings are a necessity for enhancing aircraft performance, averting environmental damage, and enhancing fuel efficiency to achieve sustainability objectives.
The market is expanding because of the advanced technology of aircraft coatings in light-weight, fuel-saving, and corrosion-resistant paints. Popular innovations include self-healing coatings, anti-icing, and environment-friendly solutions that improve performance, cut down operating costs, and help manufacturers and airlines achieve the desired coatings under environmental and regulatory norms to create more environmentally friendly aviation.
Restraints
Advanced aircraft coatings can be much more expensive than legacy coatings, depending on the added value they provide, such as fuel efficiency and corrosion protection. In high-cost awareness industries, additional expense can be deterrent enough to prevent smaller airlines or defense contractors from taking advantage of newer generations of coatings technology. Such limitations may thereby limit advanced coatings, especially in MRO applications, where high costs are a more salient factor.
Pressure increases on aerospace coatings manufacturers from stringent environmental regulations, including the use of hazardous chemicals and VOCs in typical coatings. Manufacturers may feel beleaguered since changing the coating technologies to more sustainable, environmentally friendly ones is costly and time-consuming in nature. The compliance required by such regulations with coating performance being very high is predicted to greatly hinder development and wide acceptance of these new coatings’ technologies.
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Report ID: SQMIG20A2283