Report ID: SQMIG20A2283
Report ID:
SQMIG20A2283 |
Region:
Global |
Published Date: December, 2024
Pages:
179
|
Tables:
138 |
Figures:
73
Aerospace Coatings Market size was valued at USD 1070.58 Million in 2023 and is poised to grow from USD 1134.81 Million in 2024 to USD 1706.35 Million by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
The increased air travel, which is largely driven by the growing international tourist sector, drives the aerospace coatings market growth. Airlines are investing in renewing their fleets because an increasing number of passengers seek comfort and convenience and, therefore, create demand for top-of-the-line coatings to ensure longevity, fuel efficiency, and aesthetic appeal. Increased defense budgets across the globe are also paving the way for specialized coatings that can protect military aircraft from bad weather, thereby enhancing stealth and overall performance of the aircraft. Technological advances in aerospace coatings are also very important. In commercial and military aircraft, there is a desperate need for advanced light-weight coatings that could reduce drag, enhance fuel economy, and offer corrosion resistance. Government programs that make it easier to import and export aircraft and associated materials are also supporting market development and improving global trade. Further expansion of the industry occurs through strengthening laws that aim to enhance the infrastructural aviation and use of friendly coatings. Demand for high-performance aircraft coating will continue increasing in respect to the transformation occurring within the aerospace sector while changing towards sustainability goals, including material science progress.
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Report ID: SQMIG20A2283