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(MoneyNewsWire.Net, March 11, 2018 ) The aerospace antimicrobial coating market is projected to grow from an estimated USD 22.4 Million in 2017 to USD 31.2 Million by 2022, at a CAGR of 6.90% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rise in passenger traffic across the globe. In addition, airlines are more concerned about passenger safety and are investing in recoating of existing fleets of aircraft.
Based on platform, the aerospace antimicrobial coating market has been segmented into aviation and space. The aviation segment is expected to lead the aerospace antimicrobial coating market during the forecast period. This growth is attributed to the rise in aircraft deliveries in recent years.
Browse Market Data Tables and In-Depth TOC of the Aerospace Antimicrobial Coating Market to 2022 @ https://www.researchcosmos.com/reports/global-aerospace-antimicrobial-coating-market-analysis-and-forecast-to-2022-growth-oppor/5730327
Based on fit, the aerospace antimicrobial coating market has been segmented into OEM and aftermarket. The aftermarket segment is projected to grow at the highest rate because of the increasing aircraft orders and rise in the flight hours of aircraft, thus resulting in reduced recoating period of antimicrobial coatings.
The aerospace antimicrobial coating market has been segmented and analyzed based on material into silver, copper, and others. The silver segment is expected to lead the aerospace antimicrobial coating market during the forecast period. Silver is one of the efficient materials used by the aerospace industry to kill germs and is still being extensively due to its high germ-killing capability. The rising demand for silver-based coatings is expected to drive the aerospace antimicrobial coating market during the forecast period.
The aerospace antimicrobial coating market has been studied for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was estimated to lead the global aerospace antimicrobial coating market in 2017. The US is a major market share and has the most profitable aviation industry. Major commercial aircraft manufacturers present in North America are Boeing (US) and Bombardier (Canada), generating a high demand for aerospace antimicrobial coating products. North America is expected to continue to lead the market during the forecast period.
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The lack of profitable airlines in developing economies is one of the factors restraining the growth of the aerospace antimicrobial coating market.
The major strategies undertaken by various companies include acquisition and expansions. The competitive leadership mapping compares various companies operating in the aerospace antimicrobial coating market. Major players in the aerospace antimicrobial coating market are PPG Industries (US), AkzoNobel (Netherlands), Sherwin-Williams (US), BASF (Germany), Mankiewicz (Germany), Henkel (Germany), Hentzen (US), MAPAERO (France), Permagard (France), Dunmore (US), Hexion (US), and Polymer Technologies (US), among others.
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