30-Apr-2021 | Market Research Store
The Global Aerospace Antimicrobial Coatings Market Is Fueled By The Growing Aviation Industry And Growing Concern For Air Passengers' Protection From Harmful Microorganisms In Aircraft Cabins, Lavatories, And Kitchens Across The World.
Antimicrobial coatings for aircraft and spacecraft are used in the interiors to prevent or delay the growth of bacteria while causing no health hazards to travellers. These coatings assist in lowering the costs of disinfecting passenger decks. These coatings also aid in the extension of cleaning cycles. These coatings also support the longevity of cleaning cycles. The aerospace antimicrobial coatings industry is being driven by an increase in passenger health concerns. Antimicrobial coatings for aircraft cabin surfaces successfully inhibit the growth of pathogens and their spread to food and passengers.
COVID-19's Coronavirus outbreak in 2020 has affected the global economy and business situation in major sectors around the world. And as a result of the pandemic situation, supply-chain instability, trade practices, manufacturing operations, and other incidents have hampered the global lockout. The rest of the aircraft industry has been halted due to the COVID-19 outbreak. Fleet preparations and reconstruction are crucial in dealing with the pandemic's risks. As a result of a reduction in supply concerning a decline in air passenger traffic and a reduction in flight hours for many aircraft, demand for aerospace antimicrobial coatings has reduced. The growth of the antimicrobial coatings industry has been hampered by a supply-demand imbalance created by inventory shortages in OEM and MRO industries, as well as manufacturing facilities. Furthermore, due to lockdowns in multiple countries, aircraft shipments in the first and second quarters of 2020 have been halted, further reducing producer revenues. Manufacturers must meet the strong demands of airlines and travellers in terms of health care and social distancing requirements. Aircraft suppliers, aftermarket companies, and MRO providers must work hard to regain passenger interest in the return to normalcy. Due to slow demand from end-use industries, the high-growth aerospace antimicrobial coatings industry is anticipated to slow down in 2020. On the other side, the economy is improving, and companies are resuming activities with fewer staffs and in compliance with government regulations. Antimicrobial coatings on aircraft are expected to be in high demand by 2021, as end-use markets are expected to be fully operational. As a result, demand is anticipated to increase rapidly over the forecast period.
Based on existing and planned trends, the market for aerospace antimicrobial coatings is anticipated to be around USD 25.5 million in 2019, and around USD 40.7 million by the end of 2026. The companies and analysts forecast a CAGR of about 6.9% for the global aerospace antimicrobial coatings industry. One of the main reasons driving the demand for aerospace antimicrobial coatings is the growing concern for air passengers' protection from harmful microorganisms in aircraft cabins, lavatories, and kitchens, among other places. Antimicrobial coatings prevent the growth of microorganisms on aircraft surfaces. Antimicrobial coatings have a limited lifetime since the coating film thins out during aircraft interior washing.
Some of the leading and key companies in the aerospace antimicrobial coatings market contain PPG Industries, Inc, BASF SE, Mankiewicz Gebr. & Co., Akzo Nobel N.V., Sherwin-Williams Company, Polymer Technologies, Inc., Hentzen Coatings Inc., Henkel AG & Co. KGaA, Axalta Coating Systems., Permagard, Mapaero SAS, Hexion Inc., and Dunmore Corporation, among others.
The demand for aerospace antimicrobial coatings is anticipated to be driven by the region's increase in the number of airline passengers along with an increase in the number of contagious diseases, an increase in the increasing number of aircraft deliveries, and an increase in the number of airports. The commercial and military aircraft fleets of various countries are growing. This is due to an increase in global demand for air travel, especially in the Asia Pacific and the developing economies of the Middle East. In the airline industry, issues concerning passenger or crew wellbeing are critical. A single infected passenger or crew member may spread some form of the communicable disease or harmful virus. If some kind of germ is present in the vicinity of the passenger in the plane, diseases such as Ebola and Zika virus can be easily transmitted. Antibiotic-resistant bacteria and viruses have been found on window covers, tray tables, toilet handles, and other surfaces that come into contact with passengers, according to a report. Antimicrobial coatings on both of these materials will help to minimise the risk of bacteria or viruses causing lethal diseases. Several global economies are developing their military fleets in tandem with their commercial aircraft fleets around the world. Commercial aircraft fleets are rising continuously in various countries, including several types of aircraft. Major countries such as the United States, China, Russia, and the United Kingdom all have large fighter fleets, including combat and non-combat helicopters. As a result, the aviation industry's rising demand for aerospace antimicrobial coatings is a big growth factor. Growing globalization, which has increased investments, and properties of aerospace antimicrobial coatings, and ample raw material supply leads to propel the global aerospace antimicrobial coatings market's expansion. Major developments in aerospace antimicrobial coatings technology, as well as significant investments by leading research and development manufacturers, are expected to propel the global aerospace antimicrobial coatings market in the upcoming years. However, the shorter lifespan of antimicrobial coatings may hamper the global aerospace antimicrobial coatings market.
Browse the full “Aerospace Antimicrobial Coatings Market By Platform (Aviation and Space), By Application (Air Supply & Management System, Thermal Management & Control System, Cabin Pressure & Control System, Cabin Seats & Interior, Air Purification & Oxygen Systems, Sanitary Facilities & Purification Systems, and Others), By Material (Silver, Copper, and Others), and By Sales Channel (OEM and Aftermarket): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/aerospace-antimicrobial-coatings-market-828589
The global aerospace antimicrobial coatings market is segmented as the platform, application, material, sales channel, and region. By platform, the global market is divided into aviation and space. By application, the global market is divided into thermal management & control system, air supply & management system, cabin seats & interior, sanitary facilities & purification systems, cabin pressure & control system, air purification & oxygen systems, and others. By material, the global market is divided into copper, silver, and others. By sales channel, the global market is divided into OEM and aftermarket. Geographically, the global aerospace antimicrobial coatings market is divided into Europe, North America, Asia-Pacific, Middle East & Africa, and Latin America.
In terms of geography, North America represents a higher demand for the aerospace antimicrobial coatings market followed by the European region. The second-largest commercial aircraft fleet in the world is based in North America, reflecting the region's high demand for aerospace antimicrobial coatings. Furthermore, the North American market is benefiting from a rise in domestic passengers, especially in countries such as the United States, Canada, and others. The involvement of major aircraft manufacturers such as Boeing, Embraer, and Bombardier, as well as major airlines such as Virgin America and Delta Air Lines in the North American area, is one of the key factors driving demand for aerospace antimicrobial coatings. The region is anticipated to retain its dominance in the aerospace antimicrobial coatings market because of its established aviation industry in the upcoming years. Europe has also a substantial share in the global aerospace antimicrobial coatings market because of its large aerospace industry. In terms of demand, the aerospace antimicrobial coatings market in the Asia Pacific has enormous potential. However, due to the low number of viable airlines operating in the area, market growth in the Asia Pacific has been slow. The aerospace antimicrobial coatings demand in the Middle East and Africa, as well as Latin America, is relatively thin. The rising interest in aerospace OEMs in Latin America is anticipated to generate lucrative prospects for the aerospace antimicrobial coatings industry. A rise in the number of space programmes and other related projects will help the development of the aerospace antimicrobial coatings industry in the region. In addition, the arrival of major players is anticipated to boost demand even further. Furthermore, the entry of big players is anticipated to further fuel demand. The involvement of major aerospace antimicrobial coatings suppliers, as well as private sector investment in manufacturing and expansion of R&D operations, will drive the demand for aerospace antimicrobial coatings in the province.
Global Aerospace Antimicrobial Coatings Market: Regional Segment Analysis
About Us:
Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.
Contact Us:
Market Research Store
244 Fifth Avenue, Suite N202
New York, 10001, United States
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@MarketResearchStore.com
Website: https://www.marketresearchstore.com