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(USGovernment-News.Com, February 14, 2019 ) [139 Pages Report] 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.
The aerospace antimicrobial coating market is projected to grow from an estimated USD 22.4 Million in 2017 to USD 31.2 Million by 2022, at a CAGR of 6.90% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rise in passenger traffic across the globe. In addition, airlines are more concerned about passenger safety and are investing in recoating of existing fleets of aircraft.
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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