п»їAerospace coatings marketplace: the aerospace coatings industry continues to knowledge growth as a result of economic recovery and innovative technologies. (Cover story) Pianoforte, Kerry
you May 2015
ISSN: 1527-1129; Volume 20; Issue your five
Copyright 2015 Gale Group. All rights reserved.
The global aeronautical coatings market is estimated to become $615 million, according to Chris G. Athansopoulos, overseer global revenue, Aerospace Section, Hentzen Films Inc. This can be further split up to $299 million pertaining to commercial and $216 pertaining to military. Asia-Pacific is major in terms of amount and benefit. Next comes North America and Europe. The aerospace coatings market is estimated to increase five to eight percent per year over the following five years, he mentioned.
Coatings companies Coatings Globe interviewed reported that the jetstream segment pertaining to coatings observed very sound increases widely used in 2014 and significant levels of activity in many areas.
" With all the continued embrace production prices at important original equipment manufacturers (OEMs) of economic aircraft and overall improvement in aircarrier activity, the aerospace coatings segment continuing to progress within a positive fashion in 2014, " stated Mark Cancilla, global program director--aerospace coatings, PPG Jetstream. " As well, the profitability of the global airline industry, with recent cost cutting and lower energy prices, gives further sturdiness to the current environment. While, generally speaking, military spending has reduced, it is nonetheless substantial enough to maintain positive overall performance. "
AkzoNobel observed solid expansion in the commercial ORIGINAL EQUIPMENT MANUFACTURING (OEM) and maintenance segments motivated by the raising production rates at Boeing and Airbus and some significant re-branding applications. " The company Aviation section is starting to rebound from your 2008 recession, and the defense segment is definitely steady, " said Steve Griffin, business director America for Specialty Coatings, accountable for global technique for Aerospace Coatings, AkzoNobel.
May well Krebs, director of marketing by Sherwin-Williams Aeronautical Coatings likewise reported that 2014 was obviously a strong 12 months. " It's been a long road back as 2008, although we are seeing an upward incline. In terms of develops we saw it driving five percent in 2014 and increasing more in 2015. We saw 2014 as being quite strong within the commercial segment. OEMs had a record year too. We saw a rebound in private aeroplanes being repainted. We also saw power in re-finish at the protection, repair and overhaul (MRO) level both for repaint and rebrand. The initial quarter continues to be much of the same. It's been very good and we anticipate it will keep on being strong in 2015. "
There are a variety of things driving growth in the aeronautical coatings market. " Aircarrier mergers can be a massive rider, " stated Krebs. " When mergers occur it pushes coatings demand not merely for one yr but for 3 to 4 years since the livery is rebranded. " " The tail wind coatings sector will see growth in the U. S. with an increase in army budget given that the Conservative party provides taken your hands on both homes in Our elected representatives, " explained Athansopoulos. " Increase in armed forces spending and the elimination with the sequestration can provide the growth. "
Outside the U. S., the military growth will be limited, Athansopoulos noted. " Around the commercial aspect of the business we are seeing an increase in requests by main airlines for further fuel successful airplanes by any means OEMs Boeing, Airbus, Bombardier and Embraer. China and India's increase in air travel has been strong and in turn the need for more jetliners. Customer becoming a competitor to the additional OEMs with the introduction of Comae's ARJ21 regional jet. Low petrol prices present opportunities for better loans that air carriers can use to purchase new aircraft. "
Development Driving Growth
Efficiency is the key driver with the aerospace coatings market. " Operators desire to reduce their down-time, they want superior durability letting them extend...