Global Military Aerospace Coatings Market

Military Aerospace Coatings Market Size, Share, Growth Analysis, By Resin Type(PU, Epoxy, Acrylic, Silicone), By Technology(Liquid-Based Technology, Solvent-Based Technology, Water-Based Technology, Powder-Based Technology), By End Use(Fixed-wing Aircraft, Rotary wing Aircraft), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2508 | Region: Global | Published Date: April, 2024
Pages: 182 | Tables: 92 | Figures: 76

Military Aerospace Coatings Market News

In December 2023, DuPont, a renowned multinational chemical company, announced the launch of new coatings at the Taipei Building Show in Taiwan. Tedlar® PVF solutions and PVF coatings were launched for interior aircraft applications and other applications.

In 2022, PPG collaborated with defense organizations to develop innovative maintenance and repair solutions tailored to military aircraft, focusing on reducing downtime and enhancing operational readiness.

In 2021, AkzoNobel announced the development of a new eco-friendly military aerospace coating with enhanced durability and corrosion resistance, targeting reduced environmental impact and compliance with stringent military standards

Military Aerospace Coatings Market Report Snapshots

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Military Aerospace Coatings Market size was valued at USD 88.21 billion in 2022 and is poised to grow from USD 92.62 billion in 2023 to USD 136.84 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

Military aerospace coating providers should invest in the research and development of novel products to stay ahead of the competition and launch novel products. Military aerospace coatings market players can also focus on collaborating and partnering with governments and military organizations to maximize their sales and revenue generation potential in the future. Use of nanotechnology and incorporation of sustainability are two key trends that companies can target to maximize their sales potential in the long run. 'Mankiewicz', 'Sherwin-Williams', 'CREATIVE COATINGS', 'Marpol Private Limited', 'Kansai Paint Co. Ltd.', 'Evonik Industries AG', 'Klinge Coatings', 'Valspar', 'BryCoat Inc.', 'PPG Industries', 'Henkel', '3Chem', 'Akzo Nobel', 'Zircotec', 'CHASE CORPORATION', 'Cloverdale Paint Inc.', 'Hentzen Coatings', 'BASF', 'Klinge Enameling Inc.', 'Argosy International Inc.'

Rising geopolitical tensions around the world are pushing countries to increase their spending on military & defense projects, this trend will also bolster the demand for military aircraft and thereby drive the demand for military aerospace coatings as well.

North America is forecasted to account for a substantial share of the military aerospace coatings market owing to the high military expenditure of countries in this region. High investments in the development of novel military aircraft and the presence of key aerospace companies are contributing to the dominance of this region. Canada and the United States are estimated to be the leading markets for military aerospace coating providers over the coming years.

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Military Aerospace Coatings Market News

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