South America Aerospace Coating Market Report 2021: Market Was Valued at $139.53 Million in 2019 and Is Projected to Reach $216.41 Million by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "South America Aerospace Coating Market Forecast to 2027 - COVID-19 Impact and South America Analysis - By Resin Type; Technology; End-User, and Country" report has been added to ResearchAndMarkets.com's offering.

Advantage of using Aerospace Coating is projected to escalate the Aerospace Coating market growth at CAGR of 5.8% during 2020-2027.

South America Aerospace Coating Market was valued at US$ 139.53 million in 2019 and is projected to reach US$ 216.41 million by 2027; it is expected to grow at a CAGR of 5.8% during the forecast period.

Aircrafts has to withstand high climatic stress which generally damages the metal surface resulting in frequent repairs and maintenance. Aerospace coatings provides high resistance against corrosion, ultraviolet rays and solar heat, fog and other adverse weather conditions.

Aerospace coating not only provides protection the aircraft but also reduces the weight of the aircraft which helps in reducing CO2 emission. The requirement of coatings for aircraft is also due to the change in environment regulations. Aerospace coatings are designed in order to prevent temperature fluctuations, variable air pressure and variable air instabilities. Miniaturization, Precision and high strength has become the important features of aerospace coating.

The South America Aerospace Coating market is concentrated with a few well-established players such as Akzo Nobel N.V., BASF SE, Henkel AG & Co. KGaA, IHI Ionbond AG, Mankiewicz Group, PPG Industries, Inc., The Sherwin-Williams Company.

Impact of COVID-19 Pandemic on Aerospace Coating Market

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19's spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners.

Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

Key Market Dynamics

Market Drivers

• Increasing Demand from South America
• Various Benefits Provided by Aerospace Coatings

Market Restraints

• Stringent Regulatory Policies

Market Opportunity

• Growing Demand for Commercial Aircrafts

Future Trend

• Innovations in the Aerospace Coating Industry

The report includes the segmentation of the South America Aerospace Coating market as follows:

By Resin Type

• Epoxy
• Polyurethane
• Others

By Technology

• Liquid Coating
• Powder Coating

By End-User

• Commercial Aviation
• Military Aviation
• General Aviation

By Country

• Brazil
• Argentina
• Rest of SAM

Companies Mentioned

• Akzo Nobel N.V.
• BASF SE
• Henkel AG & Co. KGaA
• IHI Ionbond AG
• Mankiewicz Group
• PPG Industries, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1kkal6