Based on platform, the aerospace antimicrobial coating market has been segmented into aviation and space. The commercial segment is expected to witness the highest growth rate owing to the increasing aircraft deliveries and safety concerns against contagious diseases from microorganisms. The domination of commercial segment can also be attributed to the high number of aircraft fleet and expected deliveries across the globe.
Based on fit, the aerospace antimicrobial coating market has been segmented into OEM and aftermarket. The aftermarket segment is expected to grow at the highest CAGR owing to the increase in passenger traffic. The cabin interior coatings get stained, scratched, or washed away while the aircraft is in use by passengers and while cleaning. This has led to the increase in antimicrobial recoating by airlines globally.
Asia Pacific is expected to be the fastest-growing market during the forecast period. Factors such as air passenger traffic in emerging countries such as India and China and improving economic conditions in Asia Pacific are expected to drive the growth of the aerospace antimicrobial coating market. Latin America and Africa are considered as worthy growth prospects, as Latin America has major aircraft manufacturers operating in the region.
Expansions and acquisitions are the key strategies adopted by the leading players to develop and sustain their position in the aerospace antimicrobial coating market. Other strategies, such as mergers, supply contracts, and new product development were also adopted by several market players to expand their geographic presence.
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.
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