The changing dynamics in Aircraft Surface Treatment Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Surface Treatment Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Surface Treatment Market will reach US$ 789.6 million in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Aircraft components are exposed to harsh environments that may critically damage the surface of the components. Surface treatment plays a pivotal role in surviving these parts from such harsh environments. The purpose of surface treatment is not only to protect aircraft parts from such a challenging environment, but also protect them against oxidation, corrosion, wear, erosion, and fouling. In addition to these, surface treatment reduces energy, reduce product consumption, and reduce chemical waste at the time of coatings. In an aircraft, different types of surface treatments are applied on different substrates. For example, conversion coatings performed using the chromate or phosphate materials, are majorly used on the fuselage in order to prevent the formation of an oxide layer on the surface.
Boeing anticipated that there would be total deliveries of 44,040 commercial aircraft worth US$ 6.8 trillion in the global marketplace during 2019-2038. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2019-2038. An expected healthy CAGR of 4.8% in air passenger traffic during 2019-2038 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for surface treatment in the foreseen period.
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Aircraft Surface Treatment Market Segment Insights:
By Region:
North America is estimated to maintain its unassailable lead in the global market with the USA remains the engine’s propeller. The USA is the manufacturing powerhouse of the aerospace industry, creating a humongous demand for surface treatment chemicals in the country. Canada and Mexico are catching the attention of global companies, driven by their advantages. Airbus’ acquisition of Bombardier’s C-Series invigorated the entire supply chain of the Canadian market, whereas attractive government policies, high proximity to the USA, and low-labor cost are attracting tier players to open their plants in Mexico.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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