New York, USA, December 23, 2020 (GLOBE NEWSWIRE) – New Report on the global aerospace cover market added by Research Dive to its repository. According to the report, the market is expected to be higher $ 1,144.1 million by 2026, growing at a CAGR of 5.5% from 2019 to 2026. This report sheds light on the current state and outlook for the global industry. The report is drafted by veterans market analysts and promises to be a reliable data source and detailed market insights for new entrants, investors, key market players, stakeholders, shareholders , help.
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Factors influencing market growth
In the last few years, there has been a significant increase in the number of air passengers which has led the commercial airlines to increase the fleet of aircraft. This has led to a significant increase in the growth of the global aerospace cover market. In addition, the improved lifestyle of people around the world and the growing demand for aircraft manufacturing are expected to open up lucrative opportunities for market growth over the forecast period. . However, strict environmental laws appear to be hindering market growth.
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The report divides the global aerospace cover market into segment, technology, aircraft type, end-user, and segment.
Solution-based coatings subdivision to control the market
Among technology segments, the solution-based coverage sub-segment is expected to gain market control, growing at a CAGR of 5.3% over the forecast period. This is mainly because solution-based coatings are widely used because of their features such as better coverage, even surface finish, and better protection of wear.
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Commercial aircraft subdivision to lead the market
Among aircraft type categories, the commercial aircraft segment is expected to dominate the market, rising at 5.3% CAGR over the forecast period. This growth is largely due to the increased capacity of medium and high volume passengers to provide air travel.
Asia-Pacific Region Market to monitor broad growth
The report evaluates the global aerospace cover market across several regions such as Asia Pacific, Europe, North America and LAMEA. These include broad-based growth in the Asia-Pacific region market, recording a CAGR of 6.3% over the forecast period. This is mainly due to rising freight traffic, growing air passenger numbers, and growing international trade in developing countries such as China, India and South Korea. in this section.
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Key market players:
• Akzonobel NV
• Asahi Kinzoku Kogyo Inc.
• AHC Oberflachentechnik GmbH
• BASF SE
• Argosy International
• Brycoat. Inc.
• Henkel AG & Co. KGaA
• Cheaerospacel
• Hentzen Coatings, Inc.
• Hohman Plating & Manufacturing LLC
The report also provides a number of industry-leading innovations and approaches such as strategic trends & developments, product / service area, business performance, Porter Five Force analysis, and SWOT analysis of the key. players, working in global industry. Click here for a Summary Report of Full Company Development Strategies
REPORTING BY COVID-19 IMPACT ANALYSIS
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