Global Aircraft Fastener Coatings Market is Witness Increasing Growth USD 1,356 Million By 2026
According to the report, the global aircraft fastener coatings market was approximately USD 939 million in 2018 and is expected to generate around USD 1,356 million by 2026, at a CAGR of around 4.7% between 2019 and 2026.
Aircraft fasteners are among the most vital components for the aircraft sector, as they play an important role in attaining apt assembly of aircraft parts. Fasteners are placed in extremely critical application areas, which are prone to corrosion and temperature fluctuations. Hence, aircraft fasteners need to be further secured with an additional coating layer, to ensure protection against corrosion and chemical-resistance and increase durability. The growing demand for aircraft fasteners coatings, particularly from the Asia Pacific region, is expected to drive the aircraft fastener coatings market globally in the upcoming years.