A coating is generally referred to as the substrate, is a covering that is applied to the surface of an object. The new technologies in aerospace coating which provide significant value advantages to the aviation industry in terms of longer service life, light weight products and improved application efficiencies. Growth in the aerospace industry can be driven by an emergent middle class in emerging economies and more and more people being able to travel for leisure. To fulfill this demand various airlines are trying to adapt strategy accordingly. Resulted in the increase in demand for aircraft and associated services. Indirectly boost the demand for aerospace coating market. Research and development plays an important role in aerospace coatings market. The leading companies such as AkzoNobel N.V and PPG Industries Inc. of aerospace coating market focus on research and development in response to the market growth and rising demand from customers. The leading companies are investing huge amount for future advancements and improved technology for aerospace coating to reduce coating's life cycle, engineered materials, improved performance and to meet the new demands coming from various types of end-user industries. For instance, PPG Industries Inc. launched Solar Heat Management (SHM) coatings. These coatings allow the reduction in air conditioning requirements while the aircraft is on the ground in warm conditions.