Global Aerospace Coatings Market

Aerospace Coatings Market Overview

The Aerospace Coatings market was valued at US$ 1,880.1 Mn in 2022 and is projected to reach US$ 3,019.3 Mn by 2030 end of 2030. Surging demand for commercial and military aircraft, especially in Asia-Pacific, is expected to push the market to grow at a CAGR of 6.1% during the forecast period.

With the increasing number of aircraft in service, the demand for MRO (maintenance, repair, and overhaul) of various components, parts, and systems is projected to witness substantial growth, which is expected to supplement the demand growth for aerospace coatings.

What are the market dynamics impacting the aerospace coatings market?

“Robust Growth is Expected in the Commercial and Maintenance, Repair and Overhaul (MRO) Segments”

With the increasing number of aircraft in service, the demand for MRO (maintenance, repair, and overhaul) of various components, parts, and systems is projected to witness substantial growth, which is expected to supplement the demand growth for aerospace coatings.

“Rising Air Traffic due to Rising Disposable Income Among Middle Class”

The demand for aerospace coatings results from the shifting trend favoring aircraft as a mode of transportation throughout the globe. Traveling by air is gradually becoming an affordable option for a considerable population, especially in developing countries, due to increasing disposable income.

In the forecast period, the polyurethane resin-based coating sector is anticipated to grow with a significant CAGR in the aircraft coatings market. The rising use of aviation coatings to cover outer sections of aircraft to protect their surfaces from degradation, erosion, and cracking are key factors driving the growth of the aerospace coatings market.

Which region has high potential in the aerospace coatings market?

The aerospace industry in the Latin  region has witnessed significant growth due to the rise in air travelers. According to an article in the Gulf News (April 2017), the UAE’s aviation sector is anticipated to contribute US$ 52.8 billion to the country’s economy by 2020. This is expected to create new avenues for aerospace coatings manufacturers in the Middle East region.

In the past few years, the Asia-Pacific region has witnessed a significant rise in air passengers. The growth of the aircraft business has been fuelled by an increase in freight traffic, an increase in the number of air travelers, and increased international trade in emerging countries such as China, ASEAN, and India. All of these provide attractive prospects for market players.

Who are the key market participants of aerospace coatings identified across the value chain?

• Akzo Nobel N.V.
• BASF SE
• Hardide plc.
• Henkel AG & Co. KGaA
• Hentzen Coatings
• IHI Ionbond AG
• Mankiewicz Group
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Zircotec

• Praxair, Inc.
• GE Aviation
• PG Technologies Ltd.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, governing factors, and market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Report Highlights:

• Changing Market Dynamics And Trends In The Industry
• Key Opportunities And Investment Pockets
• In-Depth Market Segmentation And Attractive Analysis
• Detailed Overview Of The Parent Market
• Historical, Current, And Projected Market Size In Terms Of Volume And Value
• Competitive Landscape, Market Stracture, Market Share, And Market Presence Analysis
• Technology Landscape And Roadmaps
• Strategies Of Key Players And Product Portfolio
• Potential And Niche Market Segments, Geographical Regions Demonstrating Promising Growth
• A Neutral Perspective On Market Performance
• Extensive Customer Research Services
• Extensive Reports And End To End Consulting Services

Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segments

By Technology:

• Solvent-based Coatings
• Water-based Coatings
• Powder Coating-based
• Others

By User Type:

• MRO
• OEM

By End User:

• Commercial Aviation
• Military Aviation
• General Aviation
• Others

By Resin Type:

• Epoxy
• Polyurethane
• Polyester
• Acrylic
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Aerospace Coatings Research Scope:

• The base year of the study is 2021, with a forecast up to 2030. The study presents a macro analysis of the competitive landscape, taking into consideration the concept be new and evolving.
• We provide deeper insights on a niche segment to provide accurate exclusive information on how you stack against the competitor and industry and help them perceive the long run of the market.
• The assessment includes the future trends, an outline of the competitive structure, future demand drivers, market challenges, and products analysis.
• Market drivers, forecast factors, and limitations are evaluated to assess their impact over the forecast period.
• The report further identifies key growth opportunities, while also detailing key issues and potential threats.

Available Customizations

ChemView Consulting offers customizations according to the client’s specific requirements. There is no limit to the level of customization we offer to our client’s if it falls under market research purview.