9:50 AM Aircraft Fastener Coatings Market Size to reach an estimated value of US$ 1,182.0 million in 2023 |
| Aircraft Fastener Coatings Market Report: Trends, Analysis & Forecast up to 2023. Discover associated growth opportunities, market dynamics, success factors and more. The Aircraft Fastener Coatings Market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,182.0 million in 2023. An organic growth of the aircraft industry is the primary driver of the sustainable demand for fastener coatings. Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.24 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. Growing aircraft fleet size is another factor elevating the demand for fastener and coating materials for them. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/370/Aircraft-Fastener-Coatings-Market.html Aircraft Fastener Coatings Market Segment Insights: By Aircraft Type: Commercial aircraft is likely to remain the largest aircraft type in the global aircraft fastener coatings market during the forecast period. The aircraft type is also likely to witness the highest growth during the same period. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; upcoming aircraft programs or introduction of variants of existing programs, such as B737max and COMAC C919; and rising commercial aircraft fleet are the major factors that are driving the demand for fastener coatings in the segment. By Coating Type: Coating material for fasteners is largely dependent on the fastener materials and application where it is used. Cadmium coating is likely to remain the most dominant segment of the aircraft fastener coatings market over the next five years. The cadmium coating is only permitted for some applications in aircraft and for some other industries, but it is severely restricted in many countries. Cadmium offers a wide array of advantages including high corrosion resistance, good conductivity for EMI shielding, electrical bonding and lightning strike protection, and inherent lubricity that reduces galling. Dry lubricant, another considerable segment, is likely to witness an impressive growth rate in the market during the same period, driven by a host of factors, such as excellent ability to work in extreme temperatures, good thermal break down, and reduction of friction between surfaces in the extreme environment. By Application Type: The manufacturing and assembly of aerostructure parts alone require millions of fasteners. There is a need for coatings on these fasteners to protect them from the external environment and to retain their strength for the long run. Different applications require different coating types for fastener depending upon the performance requirement. For instance, engine application requires coating on fasteners that can withstand harsh environmental conditions at elevated temperature. By Process Type: The Process has great dispersion with the coating materials, which enables the application of a very thin but tough coating layer. Electroplating method, another considerable segment, is likely to depict a good growth in the market during the same period. Some other key processes include dip coating and spin coating. By Region: North America is projected to remain the largest market during the forecast period. The region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, distributors, fastener manufacturers, and airline companies. The USA is the growth engine of the region’s market and has the presence of almost all major aircraft OEMs including Boeing, Airbus, Cessna, Lockheed Martin, and Gulfstream. Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size. Major Asian economies, such as China, India, and South Korea, have incessantly been raising their defense budget in order to advance their defense capabilities. This trend is impacting the demand for fasteners for OE as well as aftermarket. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/370/Aircraft-Fastener-Coatings-Market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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