The growth in the aviation industry is the major driver for the growing market for aerospace coatings.
Technavio analysts forecast the global aerospace coatings market to grow at a compound annual growth rate (CAGR) of over 7% during the forecast 2017-2021 period, according to recent report.
The growth in the aviation industry is the major driver for the growing market for aerospace coatings, according to the report. The growth rate is leading to more innovations. Advanced materials are being tested to include as components of aerospace coatings to enhance the properties of these coatings. These innovations can further help in reduction in weight, lower the consumption of fuel, and extend the life of the aircraft.