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Global Aerospace Coatings Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Aerospace Coatings Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 6.2% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3361.98 Million
Diagram Market Size (Forecast Year) USD 5545.68 Million
Diagram CAGR 6.2%

Global Aerospace Coatings Market, By Product Type (Top-coat, Primer, Others), Resin Type (Polyurethanes, Epoxy, Others), Technology (Liquid Coating, Powder Coating, Others), User Type (MRO, OEM), Application (Exterior, Interior), End User (Commercial Aviation, Military Aviation, General Aviation, Others) – Industry Trends and Forecast to 2030.

Aerospace Coatings Market

Aerospace Coatings Market Analysis and Size  

Aircraft must withstand high climatic stress, which typically damages the metal surface and necessitates frequent repairs and maintenance. Aerospace coatings are more resistant to corrosion, UV rays, solar heat, fog, and other adverse weather conditions. Additionally, the coating protects the aircraft from corrosion and chemical attacks. Furthermore, frequent environmental changes have increased the demand for aircraft coatings. Aerospace coatings are intended to prevent temperature fluctuations, changes in air pressure, and air instabilities.

Data Bridge Market Research analyses that the Global Aerospace Coatings Market which was USD 3,361.98 million in 2022, would rocket up to USD 5,545.68 million by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period of 2023 to 2030. “Waterborne” dominates the type segment of the Global Aerospace Coatings Market part owing to the increasing need for better durability and performance. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aerospace Coatings Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Top-coat, Primer, Others), Resin Type (Polyurethanes, Epoxy, Others), Technology (Liquid Coating, Powder Coating, Others), User Type (MRO, OEM), Application (Exterior, Interior), End User (Commercial Aviation, Military Aviation, General Aviation, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Market Players Covered

Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.K.), AZTRON TECHNOLOGIES, LLC (U.S.), Axalta Coating Systems (U.S.), KC Jones Plating Company. (U.S.), OM Sangyo Co., Ltd. (China), ENDURA PLATING TECHNOLOGY (U.S.) Twin City Plating (U.S.), Nickel Composite Coatings, Inc.(U.S.), SURTECKARIYA Co., Ltd. (Mexico), Hunger International GmbH (Germany), The Sherwin-Williams Company (U.S.) and RPM International (U.S.)

Market Opportunities

  • Increase in demand for aircraft maintenance procedures
  • An increase in government defense spending

Market Definition

Aerospace coatings are materials applied to the interior and exterior surfaces of aircraft to improve their functional characteristics. This coating is built in such a way that it can withstand temperature and air pressure changes. Coatings help to protect the surface from UV rays at higher altitudes, corrosion, and temperature changes.

Global Aerospace Coatings Market Dynamics

Drivers

  • Rise in demand due to large application Increase in air passenger traffic

Increased global air passenger traffic has increased demand for commercial aircraft, resulting in increased commercial aircraft production levels. The significant growth of the market is directly proportional to the aircraft production scenario and the expanding fleet size. Rising aircraft production and sales, particularly in developing countries, are expected to create significant opportunities for aerospace coatings manufacturers.

  • Rapid urbanization and high investment Technological innovations will drive the growth

New technological innovations, such as environmentally friendly chrome-free primers, low-density primers, fluoropolymer top coating, and basecoat clear coat top-coats, provide OEM with more excellent quality and efficiency, thereby supporting the growth of the Aerospace Coating market. Lightweight aircraft have begun short-route operations in emerging economies to compete with the longer routes dominated by international carriers. Modern light airplanes have an extended range of travel and low operating costs, which assist in developing long-distance low-budget business models.

Opportunities

  • Technology advancement Increasing government spending will propel the growth

Rapid urbanization, increased government defense spending, increased airline passengers, and increased demand for aircraft maintenance procedures all benefit the aerospace coatings market. Furthermore, advancements in coatings provide profitable opportunities to market participants during the forecast period.

Restraints/Challenges

  • Volatility in prices will challenge the growth

Raw material price fluctuations are expected to hamper the market growth. The aerospace coatings market is expected to be challenged by stringent regulations laid down by the authorities.

This aerospace coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

Recent Development

  • In April 2021, In Qatar, Sika increased its concrete admixture production capacity and began producing epoxy resins, which are significant components in high-quality floor coverings and adhesives.

  • In September 2020, PPG revealed PPG Flooring coatings with a self-levelling epoxy basecoat and concrete epoxy primer to supply optimum performance based on their specific work environment.

Global Aerospace Coatings Market Scope

The Aerospace Coatings Market is segmented on the basis of product type, resin type, technology, user type, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

  • Top-coat
  • Primer
  • Others

End User Industry

  • Commercial Aviation
  • Military Aviation
  • General Aviation
  • Others

Resin Type

  • Polyurethanes
  • Epoxy
  • Others

Technology

  • Liquid Coating
  • Powder Coating
  • Others

Application

  • Exterior
  • Interior

User Type

Global Aerospace Coatings Market Regional Analysis/Insights

The aerospace coatings market is analysed and market size insights and trends are provided by country, product type, resin type, technology, user type, application and end use as referenced above.

The countries covered in the aerospace coatings market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

North America is expected to dominate the aerospace coatings market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to government support. As a result, the aviation industry in this region is expanding.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Aerospace Coatings Market Share Analysis

The aerospace coatings market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the aerospace coatings market.

Some of the major players operating in the aerospace coatings market are:

  • Akzo Nobel N.V. (Netherlands)
  • PPG Industries, Inc. (U.K.)
  • AZTRON TECHNOLOGIES, LLC (U.S.)
  • Axalta Coating Systems (U.S.)
  • KC Jones Plating Company. (U.S.)
  • OM Sangyo Co., Ltd. (China)
  • ENDURA PLATING TECHNOLOGY (U.S.)
  • Twin City Plating (U.S.)
  • Nickel Composite Coatings, Inc.(U.S.)
  • SURTECKARIYA Co., Ltd. (Mexico)
  • Hunger International GmbH (Germany)
  • The Sherwin-Williams Company (U.S.)
  • RPM International (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Aerospace Coatings Market is known to be worth USD 5,545.68 million by 2030.
The Growth Rate of Aerospace Coatings Market is 6.2% by 2030.
Surging Demand of Air Traffic Resulting in Growth of Aerospace Industry and Utilization of Environmental Friendly Coating to Increase Quality and Efficiency are Driving the Growth of Aerospace Coatings Market.
The major companies in the aerospace coatings market are Akzo Nobel N.V. , PPG Industries, Inc, AZTRON TECHNOLOGIES, LLC , Axalta Coating Systems , KC Jones Plating Company., OM Sangyo Co., Ltd. , etc.
Type, resin type, technology, user type, application, and end-user are the factors on which Aerospace Coatings Market research is based on.
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