The aviation market will grow steadily in the next 20 years. The outlook for aviation coatings is optimistic

China Coatings Online News Information
According to the "China Aviation Coatings Industry Development Prospects and Investment Forecast Analysis Report" provided by the Forward-Looking Industry Research Institute, the global aviation market will grow at an average annual rate of 4.6% over the next 20 years, maintaining a steady growth trend. Steady growth in the aviation market will drive the development of the aviation coatings market, the prospects are optimistic.
with the global cross-border travel is heating up, civil aviation is developing rapidly. In particular, China, the aviation market potential continues to be released, is expected to replace the United States as the world's largest aircraft and travel market. According to the report, the civil aviation industry is expected to have a bright future, with cumulative demand for civilian aircraft at 36,770 aircraft worth $5.2 trillion by 2033.
further enhance the global aviation business and related services, indirectly stimulating the development of the aviation coatings market. At the same time, demand for aviation coatings is shifting from North America and Europe to the Asia-Pacific region, particularly China and India.
china's sustained economic growth has produced a long-term huge demand for civil aircraft, civil aviation industry potential continues to be released, driving the growth of aviation coatings market demand. India has the potential to become a centre for the maintenance and repair of civil and military aircraft, and demand for aviation coatings in the region is equally strong.
aviation coatings can be divided into military aviation coatings, commercial aviation coatings, special aviation coatings by type can be divided into fast-drying coatings, drying coatings, specialty coatings. With the increasing performance requirements of commercial and military aviation coatings, new aviation coatings have been widely used.
new aviation coatings have the characteristics of longer service life, lighter coating quality and higher construction efficiency, and play an important role in promoting the growth of the entire aviation coatings market.
, however, there are many factors that inhibit the development of the aviation coatings industry. First, the continued economic downturn in North America and Europe, especially the political turmoil in Europe, has far-reaching implications for the local aviation industry and is not conducive to the further development of aviation coatings.
, high-speed rail is developing rapidly, robbing the short-haul flight market. Especially in China, high-speed rail ushered in an unprecedented wave of development, driving mileage continues to hit new highs, so that short-haul air passengers plummeted, and then affected the aviation coatings market.
third, raw material prices continue to rise, aviation coatings cost pressure is huge. In recent years, the rising price of aviation coating additives such as titanium dioxide and resin materials has brought great cost pressure to aviation coating manufacturers, limiting the continuous growth of aviation coatings.
, although there are many obstacles, but overall, aviation coatings outlook is optimistic, the market can grow a lot of space.
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