Aerospace Coatings Market Outlook
Aerospace coatings, also known as aircraft paints, are made using several layers of materials to improve aircraft performance and efficiency. These coatings offer resistance against corrosion and ultraviolet (UV) rays and can withstand high temperatures, which helps to increase the aircraft’s lifespan.
The global aerospace coatings market size reached US$ 1.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.37% during 2022-2027.
As a result, aerospace coatings are used to protect the exteriors of planes from harsh weather conditions, reduce in-flight drag on wings, prevent surface icing, improve durability, facilitate vacuum-suction waste evacuation, etc. They are also utilized in keeping cool the interior parts, such as ceiling panels, sidewalls, galley carts, seats, etc.
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Aerospace Coatings MarketTrends:
A significant rise in the demand for commercial aviation is driving the aerospace coatings market. The expanding e-commerce sector and the growing travel and tourism industry are contributing to the product demand. Furthermore, increasing levels of globalization are encouraging the adoption of private jets for business travel, thereby augmenting the market growth.
Additionally, with the elevating international border disputes, various governing agencies are procuring advanced military warplanes. Moreover, numerous key players are developing UV-cured aerospace coatings to minimize the emissions of volatile organic compounds (VOCs), thereby bolstering the global market. Besides this, the wide utilization of chrome-free technologies and lightweight materials to reduce weight and fuel consumption is anticipated to fuel the market growth in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Aalberts Surface Treatment GmbH
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- Henkel AG & Co. KGaA
- Hentzen Coatings Inc.
- IHI Ionbond AG
- Mankiewicz Gebr. & Co. (GmbH & Co. KG)
- PPG Industries Inc.
- Saint-Gobain S.A.
- The Sherwin-Williams Company
- Zircotec Ltd.
Key Market Segmentation:
The report has categorized the market based on resin type, product form, application, aircraft type and end user.
Breakup by Resin Type:
- Epoxy
- Acrylic
- Polyurethane
- Others
Breakup by Product Form:
- Liquid
- Powder
- Others
Breakup by Application:
- Exterior
- Interior
Breakup by Aircraft Type:
- Commercial
- Military
- Others
Breakup by End User:
- Original Equipment Manufacturers (OEMs)
- Maintenance, Repair and Overhaul Companies (MRO Companies)
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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