International. The aerospace antimicrobial coating market is estimated at US$22.4 million in 2017 and is projected to reach US$31.2 million by 2022, with a projected CAGR of 6.90% from 2017 to 2022.
According to Markets& Markets, Latin America and Africa are considered good growth prospects, as Latin America has major aircraft manufacturers operating in the region.
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 due to increasing aircraft deliveries and safety concerns against contagious diseases of microorganisms.
The dominance of the commercial segment can also be attributed to the large number of aircraft fleet and expected deliveries worldwide.
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 due to the increase in passenger traffic.
The interior linings of the cabin are stained, scratched or washed while the aircraft is in use by passengers and during cleaning. This has led to the increase in the antimicrobial coating of 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.
