Global Aerospace Antimicrobial Coating Market is Estimated to Reach $27 Billion by 2025, Says Accurize Market Research
Global Aerospace Antimicrobial Coating Market report published by Accurize Market Research forecast that the global market is expected to reach $27 billion by 2025. By geography, Asia Pacific and North America are expected to grow at a substantial CAGR during the forecast period, i.e., 2017 - 2025.
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Increased government spending on military to drive the market
Increasing concern for air passengers’ health from harmful microorganisms in aircraft cabin, lavatories, and kitchen among others, is one of the significant factors fuels the demand for the global ammunition market. Moreover, upgradation of existing aircraft fleet and surging number of transmittable diseases also boost the growth of the market.
The global aerospace antimicrobial coating market is segmented based on the material, platform, fit, application, and geography. Material includes copper, silver, and other materials. By platform, market is segmented into Aviation (Commercial and Defense) and Space. Application segments include Aviation (Air Supply & Management System, Thermal Management & Control System, Cabin Pressure & Control System, Sanitary Facilities and Kitchen, and Cabin Seats & Interior) and Space (Air Purification & Oxygen Systems, Cabin Pressure & Control System, Sanitary Facilities & Purification Systems, and Other Space Applications). On the basis of fit, the market is divided into OEM and aftermarket.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
"Aviation, by platform to witness the fastest CAGR over the forecast period” says Accurize Market Research
By platform, aviation segment is expected to achieve the fastest CAGR throughout the forecast period i.e. 2017 – 2025. The high growth in the segment is attributed to increasing aircraft deliveries and safety concerns against infectious diseases from microorganisms and high number of aircraft armada and estimated deliveries across the globe in the commercial sector of aviation segment.
“Aftermarket segment is anticipated to gain the fastest CAGR between 2017 and 2025” says Accurize Market Research
Aftermarket is foreseen to attain the fastest CAGR during the forecast period, owing to rise in passenger traffic. In addition, aircraft interior coatings get tainted, scratched, or washed away while the aircraft is in use by passengers and during cleaning. This has also led to the increase in anti-microbial re-coating by airlines worldwide. Furthermore, OEM segment has dominated the overall aerospace antimicrobial coating market share.
“Asia-Pacific is expected to be the fastest growing market during the forecast period” says Accurize Market Research
Geographically, Asia-Pacific is likely to attain the fastest CAGR throughout the forecast period, driven by factors such as growing air passenger traffic in emerging economies such as China and India, and improving economic conditions.
Top players in the market
The key market players include BASF SE, PPG Industries, Inc., The Sherwin-Williams Company, MankiewiczGebr. & Co., Henkel AG & Co. KGaA, AkzoNobel, Hentzen Coatings, Inc. MAPAERO, Permagard, and Dunmore, among others
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