Aging Aircraft Fleet Updates Expected to Drive Aerospace Coatings Demand
Though solvent-based coatings will likely dominate in the near future, strict environmental regulations are encouraging aircraft makers to switch to alternatives.
The aerospace coatings market is expected to exceed $1.2 billion by 2026, according to Global Market Insights. Rising commercial aircraft demand due to the growing need to replace ageing aircraft fleets is expected to boost industry growth over the forthcoming time period.
In terms of applications, the interior segment will witness growth at more than 6.5% CAGR during the projected timeline. Airliners are increasingly focusing on enhancing the overall traveling experience for customers. A growing focus on interior upgrades and cabin modifications will propel product demand in interior coating applications.