India aerospace coatings market is expected to grow with a CAGR of 7.5% in the forecast period of 2019 to 2026. The market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
Market Segmentation
By Resin Type (Polyurethane, Epoxy, Silicone, Polyester, Acrylic, Others), Technology (Liquid Coating, Powder Coating), Sector (MRO, OEM), Application (Interior, Exterior), Aerospace Type (Commercial Airlines, General Aviation, Military Air)
Major growing sectors under the market segmentation are as follows:

> In resin type, the polyurethane segment is growing at the highest CAGR as polyurethane resin type offers wide range of hardness, flexibility and has a capacity of bearing high load. This is the reason of polyurethane resin being used extensively for coatings in aircrafts
> In technology, the liquid coating segment is growing at the highest CAGR. The reason behind excessive usage of liquid coating technology is the fact that it allows a very thin layer of paint for coating that gives an economical benefit to aerospace coatings industry
> In sector, the OEM segment is growing at the highest CAGR. The reason behind OEM sector leading the overall aerospace coating market is the demand from airbus and Boeing as more number of aircrafts is being built under this sector
> In application, the exterior segment is growing at the highest CAGR since more number of coatings are produced to be applied on the exteriors of aircrafts as it helps in preventing corrosion, providing resistance towards extreme temperatures and maintain adhesion and flexibility of the aircraft
> In aerospace type, the commercial airlines segment is growing at the highest CAGR as the number of these airlines is growing continuously due to rising demand of aerospace traffic

Key Market Players

The key market players for India aerospace coatings market are listed below:

> Hentzen Coatings, Inc.
> Henkel AG & Co. KGaA
> IHI Ionbond AG
> Chase Corp
> Creative Coatings
> PPG Industries, Inc.
> BASF SE
> Akzo Nobel N.V.
> The Sherwin-Williams Company