Aerospace Coatings Market Explores New Growth Opportunities by 2017-2023

Aerospace Coatings Market Report, forecasts that the global market garner US$2.43 billion by 2023, registering a CAGR of 6.3% during the forecast period 2017 – 2023. Aerospace coatings offer high wear resistance to aircraft surfaces. These coatings reduce the overall weight of the aircraft and improve the fuel economy, reducing CO2 emissions. Increase in investment in military & defense sector in countries such as the U.S., Mexico, China, India, and Russia is further expected to drive the market growth. Moreover, development of chrome-free technology is projected to act as a market driver during the forecast period.