Market Size of Aerospace Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Aerospace Coatings Market Analysis
The aerospace coatings market is projected to register a CAGR of more than 3% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily.
- Increasing composites' penetration in aircraft manufacturing is expected to drive the market's growth.
- The rising prices of raw materials and the flat growth of MRO in the United States are expected to hinder the market's growth.
- The growing maintenance, repair, and overhaul (MRO) activities in Asia-Pacific will likely act as future opportunities for the market.
- North America dominated the market worldwide, with the largest consumption coming from the United States.
