Aerospace Coatings Market Size, Share & Trends Analysis Report By Resin Type (Polyurethanes, Epoxy) By Technology (Liquid Coating-based, Solvent-based, Water-based, Powder Coating-based) By User Type (MRO, OEM) By End-User (Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters) By Application (Exterior, Interior) By Product Type (Top-coat, Primer) Based On Region, And Segment Forecasts, 2022 - 2028

  • Report ID: BMRC 1983 | Number of pages: 199 | Published Date: Jun 2022

    Published | Category: Coating | Delivery Timeline: 48 hrs

COVID-19
To know the impact of COVID-19 On Aerospace Coatings Market Size, Share & Trends Analysis Report By Resin Type (Polyurethanes, Epoxy) By Technology (Liquid Coating-based, Solvent-based, Water-based, Powder Coating-based) By User Type (MRO, OEM) By End-User (Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters) By Application (Exterior, Interior) By Product Type (Top-coat, Primer) Based On Region, And Segment Forecasts, 2022 - 2028 Market

Request Now
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Global Aerospace Coatings Market is valued at USD 2127.1 Million in 2021 and is expected to reach USD 3305.4 Million by 2028 with a CAGR of 6.5% over the forecast period.  

Global Aerospace Coatings Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2028- Soaring demand for epoxy resins and ongoing recent developments are some of the major factors driving the growth of the Global Aerospace Coatings Market.

Scope of Global Aerospace Coatings Market Report- 

The aerospace coating can also be referred to as aviation coating, aircraft coating, or aircraft paint. Jets, airplanes, helicopters, and other airplanes are layered with innovative aircraft coatings to maintain their presence and protect them against corrosion. Fuel spillage, salt, oxidation, and other harmful substances can damage the metal and hence coating is used for protection. The demand for coatings in the aerospace sector is expanding mainly owing to the sudden changes in the environment.

The Covid-19 pandemic, on the other hand, has had a severe influence on the global aircraft coating business. As they continue to adapt to the impact of the Covid-19 pandemic, many aerospace firms are confronting daunting competitive hurdles and uncertain skies. Passenger demand was low, and the pandemic, as well as the resulting travel restrictions and economic downturn, caused airlines to slash expenses. The cancellation or postponement of aircraft purchases resulted in a slew of cost-cutting measures. 

Global Aerospace Coatings Market Segmentation:-

The global Aerospace Coatings market is segmented based on resin type, technology, user type, end-user, application, product type, and geography. Based on resin type, the global aerospace coatings market is segmented into polyurethanes, epoxy, and others (silicone, polyester, and acrylic). Based on technology, the market is segmented into liquid coating-based, powder coating-based, and others. On basis of user type, the global aerospace coatings market is segmented as MRO and OEM. On the basis of end-user, the market is segmented into commercial aviation, military aviation, general aviation, and others. Based on application, the global aerospace coatings market is segmented into exterior and interior. Based on product type, the global aerospace coatings market is segmented into topcoat, primer, and others. 

By Resin Type: 

  • Polyurethanes 
  • Epoxy 
  • Others (Silicone, Polyester, and Acrylic) 

By Technology: 

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

By User Type: 

  • MRO 
  • OEM 

By End-User: 

  • Commercial Aviation 
  • Military Aviation 
  • General Aviation 
  • Others 
  • Space 
  • Business Aircrafts 
  • Helicopters 

By Application: 

  • Exterior 
  • Interior 

By Product Type: 

  • Top-coat 
  • Primer 
  • Others 

Aerospace Coatings Companies

Some of the key players for global Aerospace Coatings are

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

Aerospace Coatings Market

Recent Developments

News: - AkzoNobel Received Boeing Approval for Color Blending in China 

On September 23rd, 2020; AkzoNobel declared that its Aerospace Coatings facility in China has been certified by Boeing to color blend the company’s Aerodur 3001 basecoat. The Dongguan facility is also listed on Boeing’s official QPL for BMS10-72 specification. 

Henkel Opened New European Hub for Aerospace Solutions 

On June 6th, 2019; Henkel launched its new production service for aerospace applications at its site in Spain. The company invested almost 35 million EUR to provide the continuously rising demand for high-performance solutions encouraging major trends in the global aerospace industry like light-weighting, fuel efficiency, and automation. 

Global Aerospace Coatings Market Dynamics– 

In developing economies, low-cost commercial air travel is becoming a viable option, giving travelers access to a wide range of destinations. Increasing demand for commercial aircraft is fostering market sales. Customers in emerging economies choose to fly because it is a cost-effective option that delivers speed and convenience over other means of transportation. For instance; by the end of 2020, China's commercial aircraft fleet grew to 6,795 aircraft, and the number of registered pilots soared to approximately 69,500. In addition to this, as per official figures, India had around 695 aircraft at the beginning of 2020. Later almost 73 aircraft were included. Lightweight and efficient aircraft have begun short-route operations in emerging economies, posing a threat to the longer routes that are dominated by international carriers. Modern lightweight aircraft have a great range of travel and minimal operating costs, facilitating the start of long-distance low-budget business models. These business models help the carriers' connected city air journeys as well as the convenience of passengers. As a result, greater passenger travel combined with emerging country economic growth is expected to boost commercial aircraft manufacturing globally. 

In addition, boosting demand for epoxy resins is one of the factors surging the demand for the aerospace coating market. Epoxy resin is employed in a variety of inventive ways in the aerospace sector, from spacecraft hardware production to flame retardancy and space suit reinforcing. The aircraft industry has evolved to rely on epoxy-based composite materials. They're mostly utilized as protective coatings to help aircraft last longer. For example; in July 2021, Toray 2700 was introduced by Toray Composite Materials America, Inc., a major innovator, and provider of carbon fiber materials and advanced composite prepreg. Epoxy-based 2700 is a proprietary, high-performance resin aimed at developing aerospace programs. And in 2020, Park Aerospace has been released a new E-752-MTS medium toughness 350 ° F cured epoxy resin system. The Park resin system can be used with a variety of aviation-grade reinforcement materials, such as carbon fiber textiles with standard and medium modulus and unidirectional belts.

Nevertheless, the stringent environmental regulations by several governments throughout the globe may hamper the market growth. Additionally, oscillations in the prices of raw materials are another factor that will deter the aerospace coating market. In spite of that, the latest investments in the aerospace coating sector may generate ample opportunities in the market in upcoming years.

Global Aerospace Coatings Market Regional Analysis– 

North America is expected to dominate the global aerospace coating market due to various factors. The United States is North America's largest aviation market, with one of the world's greatest fleet sizes. United Airlines and American Airlines have the largest fleets, both with 800 planes. The overall commercial aircraft fleet is estimated to reach 8,270 in 2037, according to the Federal Aviation Administration (FAA), due to the development in air freight. President Joe Biden of the United States approved a USD 29 billion increase to his requested national defense budget for the fiscal year 2022 in April, a massive increase that was approved alongside another USD13.6 billion in the emergency military and humanitarian aid for Ukraine as Russia's deadly war continues. As a result, all these aspects are heightening the aerospace coating market growth in this region.

The Asia Pacific is poised to emerge as the most encouraging regional market throughout the forecast period. Growing recent developments in aerospace coating among market firms in the region is one of the factors significantly enhancing the market value of the aerospace coating. For example; AkzoNobel’s aerospace coatings facility in Dongguan, China, has been certified by aircraft manufacturer Boeing to color blend the company’s Aerodur 3001 basecoat. In addition to this, in 2019, Japan Airlines have chosen a viable coating system for the new A350 fleet. These are the factors enhancing the demand for aerospace coating among several Asian countries.

On Special Requirement Aerospace Coating Market Report is also available for the below Regions and Countries:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 2127.1 Million 
Base year considered 2020
Forecast Period CAGR %:

6.5%  

Market Size Expected in 2028: USD 3305.4 Million 
Tables, Charts & Figures: 175
Pages 200
Aerospace Coatings Companies PPG Industries, Inc., Akzo Nobel N.V., Henkel AG & Co. KGaA, Mankiewicz Gebr. & Co., Hentzen Coatings, Inc., BASF SE, IHI Ionbond AG, The Sherwin-Williams Company, and Zircotec Ltd., and others. 
Segments Covered By Resin Type, By Technology,  By User Type,  By End-User,  By Application,  By Product Type
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Aerospace Coatings Market Report:-

  • Global Aerospace Coatings Market report covers in-depth historical and forecasts analysis. 
  • Global Aerospace Coatings Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels. 
  • Global Aerospace Coatings Market report helps to identify opportunities in the marketplace. 
  • Global Aerospace Coatings Market report covers extensive analysis of emerging trends and the competitive landscape.


Frequently Asked Questions (FAQ) :
The Global Aerospace Coatings Market Size is Anticipated to Reach USD 3305.4 Million by 2028 with a CAGR of 6.5% over the forecast period.  
The Aerospace Coatings Market revenue is expected to expand at a CAGR of 6.5% during the forecast period.
PPG Industries, Inc., Akzo Nobel N.V., Henkel AG & Co. KGaA, Mankiewicz Gebr. & Co., Hentzen Coatings, Inc., BASF SE, IHI Ionbond AG, The Sherwin-Williams Company, and Zircotec Ltd., and others. 
Soaring demand for epoxy resins and ongoing recent developments are some of the major factors driving the growth of the Global Aerospace Coatings Market.
North America is expected to dominate the global aerospace coating market due to various factors.



Interested in this report?

Aerospace Coatings Market Size, Share, Industry Trends By 2028

report cover

Request for Table of Content

Aerospace Coatings Market Size, Share & Trends Analysis Report By Resin Type (Polyurethanes, Epoxy) By Technology (Liquid Coating-based, Solvent-based, Water-based, Powder Coating-based) By User Type (MRO, OEM) By End-User (Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters) By Application (Exterior, Interior) By Product Type (Top-coat, Primer) Based On Region, And Segment Forecasts, 2022 - 2028

Note: For delivery of sample pages you must have a Domain Specific Email ID, normally your business email address complies. Generic Email IDs such as AOL, Hotmail, Yahoo, Gmail, MSNetc. are not accepted.
Brandessence market research actively tracks, monitors, and analyses key industry trends in real-time via B2B surveys in 60 + countries and territories.

    Pricing


Looking for Regional Reports?