Aerospace Coatings Market Size, Share, By Resin Type (Epoxy, Acrylic, Polyurethane, and Others), By Technology (Water-borne, Solvent-borne, and Powder Coatings), By End User (Original Equipment Manufacturer (OEM), and Maintenance Repair and Operations (MRO)), By Aviation Type (Commercial Aviation, Military Aviation, and General Aviation), and By Region - Trends, Analysis and Forecast till 2030

Report Code: PMI408620 | Publish Date: May 2024 | No. of Pages: 187

Global Aerospace Coatings Market By Overview

Aerospace coatings is used to cover aircraft’s outer and inner surface to improve the functional properties of the aircraft. It is high performance coating material designed to resist temperature resistance and various air pressure. It protects the surface from intense UV exposure at higher altitudes, also stabilizes fluctuation of temperature and corrosion. The coating is done on various parts of the air craft such as wing frame, fuselage frame and tail frame.

Global Aerospace Coatings Market By Drivers & Restraints

The major aerospace coating market drivers are use of Nano coatings technology, chrome-free coating technology, environmentally friendly products and new technology complying with reach regulations on VOC. Reduced  ATF price by oil companies, increased number of passengers, and use of nanotechnology in the aerospace coatings industry is also driving growth of the global market. Increasing global air passenger traffic has been spurring the demand for commercial aircraft, thereby boosting production levels of commercial aircraft. The significant growth of the aerospace coatings market is directly proportional to aircraft production scenario and the expanding fleet size. As per international Monetary Fund Data, economic growth of a nation improves the living standard, purchasing parity as well as the spending power of citizens. The global aerospace industry has been enjoying a duration of significant growth and profits, which has been enjoying a duration of significant growth and profits, which has been driving the demand for aerospace. However, volatility of raw material prices, and downfall in the publishing market are restraint for the aerospace coating market. Rising production and sales of aircraft, mainly in developing countries, is projected to create noteworthy opportunities for aerospace coating manufactures.

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Global Aerospace Coatings Market By Segmentations & Regional Insights

Aerospace coatings market is segmented based on resin type, technology, end user, aviation type and region.

Based on the resin type, the target market is segmented into epoxy, acrylic, polyurethane, and others. Polyurethane resin type has high resistance to abrasion, staining, and chemicals. It has high degree of resistance to the damaging effects of ultraviolet rays from the sun, which makes it a preferred choice in the aerospace coatings market. It is expected to grow at the highest CAGR. Based on technology, the global market is classified into water-borne, solvent-borne, and powder coatings. Wherein solvent-based coatings edged over the other in terms of demand and are the leading revenue contributor to the technology segment. Based on end user, the target market is bifurcated into original equipment manufacturer (OEM), and maintenance repair and operations (MRO). There is a high demand for these coatings among aerospace OEM manufacturers. In terms of revenue, the OEM segment is likely to expand at a high CAGR over the forecast period. Based on aviation type, the global aerospace coating market is segment into commercial aviation, military aviation, and general aviation. Commercial aviation is the most lucrative market for aerospace coatings and is expected, to grow at the significant CAGR during the forecast period.

Based on the region the aerospace coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the aerospace coatings market due to demand for expanding the capacity and frequency of air travel across the region. Asia Pacific aerospace coatings market is projected to register a high CAGR over the forecast period owing to the growing trend Increase in cargo traffic, rise in number of air travelers, and international trade in emerging countries.

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Aerospace Coatings Market, By Resin Type:

  • Epoxy
  • Acrylic
  • Polyurethane
  • Others

Aerospace Coatings Market, By Technology:

  • Water-borne
  • Solvent-borne
  • Powder Coatings

 Aerospace Coatings Market, By End User:

  • Original Equipment Manufacturer (OEM)
  • Maintenance Repair and Operations (MRO)

Aerospace Coatings Market, By Aviation Type:

  • Commercial Aviation
  • Military Aviation
  • General Aviation

Aerospace Coatings Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Aerospace Coatings Market, By Resin Type
      • Middle East & Africa Aerospace Coatings Market, By Technology
      • Middle East & Africa Aerospace Coatings Market, By End User
      • Middle East & Africa Aerospace Coatings Market, By Aviation Type
      • Middle East & Africa Aerospace Coatings Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Aerospace Coatings Market, By Resin Type
      • Latin America Aerospace Coatings Market, By Technology
      • Latin America Aerospace Coatings Market, By End User
      • Latin America Aerospace Coatings Market, By Aviation Type
      • Latin America Aerospace Coatings Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Aerospace Coatings Market, By Resin Type
      • Asia Pacific Aerospace Coatings Market, By Technology
      • Asia Pacific Aerospace Coatings Market, By End User
      • Asia Pacific Aerospace Coatings Market, By Aviation Type
      • Asia Pacific Aerospace Coatings Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe Aerospace Coatings Market, By Resin Type
      • Europe Aerospace Coatings Market, By Technology
      • Europe Aerospace Coatings Market, By End User
      • Europe Aerospace Coatings Market, By Aviation Type
      • Europe Aerospace Coatings Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Aerospace Coatings Market, By Resin Type
    • North America Aerospace Coatings Market, By Technology
    • North America Aerospace Coatings Market, By End User
    • North America Aerospace Coatings Market, By Aviation Type
    • North America Aerospace Coatings Market, By Country
      • The U.S.
      • Canada

Global Aerospace Coatings Market By Competitive Landscape & Key Players

The key players operating the aerospace coatings market involves The Sherwin-Williams Company, AkzoNobel NV, Axalta Coatings Systems, Mankiewicz Gebr & Co., PPG Industries Inc., Henkel AG & Co. KGaA, Hentzen Coatings, Inc., Praxair, Inc., PG Technologies Ltd., and GE Aviation. For instance, In December 2017, Praxair, Inc. and GE Aviation opened a new facility in U.S. for their PG technologies business that specializes in advanced coatings and enables jet engines to withstand high stress and temperatures. In February 2018, PG technologies Ltd. announced that it intend to add new additional coating capacity in Singapore to meet ever-increasing demand from aviation industry.

Global Aerospace Coatings Market By Company Profile

FAQs

Aerospace coatings market accounted for US$ 765.66 Million in 2019 and is projected to register a moderate CAGR of 4.01%

The market report has been segmented on the basis of resin type, technology, end user, aviation type, and region.

The Aerospace Coatings Market is driven by factors such as the growing aerospace industry, increased demand for fuel-efficient aircraft, advancements in coating technologies for performance and durability, and the need for corrosion protection.

Stringent regulatory requirements, high costs associated with advanced aerospace coatings, and challenges in meeting diverse performance specifications for different aircraft components.

The report considers regions globally, with a focus on areas with significant aerospace manufacturing and maintenance activities. It's essential to refer to the latest reports for updated information on the dominant region in the Aerospace Coatings Market.

The prominent player operating in the aerospace coatings market includes The Sherwin-Williams Company, AkzoNobel NV, Axalta Coatings Systems, Mankiewicz Gebr & Co., PPG Industries Inc., Henkel AG & Co. KGaA, Hentzen Coatings, Inc., Praxair, Inc., PG Technologies Ltd., and GE Aviation.