The aerospace antimicrobial coating market is projected to grow from USD 20.9 Million in 2016 to USD 31.2 Million by 2022, at a CAGR of 6.90% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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Based on platform, the aerospace antimicrobial coating market has been segmented into aviation and space. The aviation segment is expected to lead the aerospace antimicrobial coating market during the forecast period. This growth is attributed to the rise in aircraft deliveries in recent years.
Based on fit, the aerospace antimicrobial coating market has been segmented into OEM and aftermarket. The aftermarket segment is projected to grow at the highest rate because of the increasing aircraft orders and rise in the flight hours of aircraft, thus resulting in reduced recoating period of antimicrobial coatings.
The aerospace antimicrobial coating market has been segmented and analyzed based on material into silver, copper, and others. The silver segment is expected to lead the aerospace antimicrobial coating market during the forecast period. Silver is one of the efficient materials used by the aerospace industry to kill germs and is still being extensively due to its high germ-killing capability. The rising demand for silver-based coatings is expected to drive the aerospace antimicrobial coating market during the forecast period.
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The major strategies undertaken by various companies include acquisition and expansions. The competitive leadership mapping compares various companies operating in the aerospace antimicrobial coatings market. Major players in the aerospace antimicrobial coatings market are PPG Industries (US), AkzoNobel (Netherlands), Sherwin-Williams (US), BASF (Germany), Mankiewicz (Germany), Henkel (Germany), Hentzen (US), MAPAERO (France), Permagard (France), Dunmore (US), Hexion (US), and Polymer Technologies (US), among others.
