New report looks into aerospace coatings market analysis, trends and forecasts to 2020

Aerospace coatings market is expected to witness growth on account of increased preference towards preventive maintenance instead of breakdown maintenance among OEM in aerospace industry.

Aerospace coatings possess superior properties such as corrosion, ultra violet, abrasion and heat resistance making it suitable for use in airplane parts thus augmenting demand. Emergence of eco-friendly powder coatings is expected to augment market growth in the near future.

Aviation industry growth in India, China and Russia is expected to have a positive impact on aerospace coatings market over the forecast period. Chinese and Indian governments have framed favorable FDI policies in order to promote domestic aerospace industry.

U.S. government’s National Space Policy with a view to increase investments in aviation sector is expected to positively impact market growth for aerospace coatings. Increased defense expenditure on account of border disputes and political instability by countries such as Russia, Israel and China is expected to open new avenues in the near future.

View Aerospace coatings market Research Report with Table of Content : http://www.grandviewresearch.com/industry-analysis/aerospace-coatings-market

Aircraft manufacturers such as Boeing have started using chrome-free paint primer for V-22 Osprey vertical lift aircraft. Netherlands-based AkzoNobel also delivers chrome-free aerospace coatings under the brand names of Aerodur 3002, Aerodur 3001 and Eclipse serving various markets.

In addition, the company has launched new product Base coat/Clear coat, meant to improve adhesion and provide faster drying. Sherwin Williams has included chrome-free aerospace coatings in product offering and markets under brand names CM0481968 and CM0486707.

Increased use of chrome-free coatings by market participants is expected to have positive impact on market growth over the forecast period.