The Market of Aircraft Surface Treatment to grow beyond US$ 789.6 million by 2025
February 13, 2020
Aircraft Surface Treatment Market Overview:
The overall market outlook for surface treatment in the aircraft industry seems salubrious with attractive growth opportunities lies in the entire ecosystem of the market. Stratview Research’s estimates suggest that the aircraft surface treatment market is projected to grow at mid-single-digit growth rate over the next five years to reach US$ 789.6 million in 2025. Both, organic as well as inorganic growth factors are taking the demand for surface treatment to the next level; however, organic growth factors remain powerful in driving the market.
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.
Report Overview:
This new report from Stratview Research analyses the Aircraft Surface Treatment Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/648/aircraft-surface-treatment-market.html
Aircraft Surface Treatment Market Segment Insights:
Narrow-body aircraft: The growth engine
To assist the industry stakeholders in building their profitable strategies efficaciously, the report segments the market in six ways in which aircraft type segmentation (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter) is exceptionally crucial. Among different aircraft types, narrow-body aircraft is forecasted to maintain its dominance in the market over the next five years, propelled by increasing production rate of major aircraft, such as A320neo family; expected entry of upcoming aircraft, such as COMAC C919; rising aircraft fleet; and higher M&A and re-branding activities in the airline industry.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/648/aircraft-surface-treatment-market.html
A highly/moderately/fragment consolidated Market
Key aircraft surface treatment companies are Henkel AG & Company, KGaA.; Chemetall (BASF SA); PPG Industries, Inc.; Nihon Parkerizing Co., Ltd.; Solvay SA; Socomore, The Surface Company; Quaker Chemical Corporation; Oerlikon Group; and Fokker Technik (GKN Aerospace).
The supply chain of the market seems quite convoluted with the presence of many stakeholders including raw material suppliers, surface treatment chemicals suppliers, distributors, tier players, aircraft and engine OEMs, MRO companies, and airlines.
Regional Hegemony of North America & dominance of Aluminum
In terms of 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.
The relation of surface treatment type with the type of substrates is imperative for the market participants to expedite their growth process. Currently, a wide array of metals including aluminum, steel, nickel, and titanium are used in different aircraft applications based on the performance requirements. Aluminum is by far the most dominant material used in all legacy aircraft with fuselage and wings, the two largest applications, made with aluminum only. However, this trend is precipitously shifting with composite materials and titanium clearly seem the winners in the latest aircraft construction, because of their excellent track record and mechanical properties. Changing dynamics in materials is imprinting a huge impact on the demand for surface treatments as these treatments are preferably performed in metals. In the aircraft surface treatment market, titanium will remain the fast-growing material type in the coming five years, propelled by its exponential use in the newer variants of engines such as LEAP (powering B737 Max, A320neo, and C919) and GE9x (powering B777x).
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