Aerospace Coatings Market
Report ID: SQMIG20A2283
Aerospace Coatings Market Size, Share, Growth Analysis, By Resin Type, By Industry, By Application, By End-Use, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20A2283 |
Region:
Global |
Published Date: December, 2024
Pages:
179
|Tables:
0
|Figures:
0
Aerospace Coatings Market Insights
Aerospace Coatings Market size was valued at USD 1070.58 Million in 2023 and is poised to grow from USD 1134.81 Million in 2024 to USD 1706.35 Million by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
The increased air travel, which is largely driven by the growing international tourist sector, drives the aerospace coatings market growth. Airlines are investing in renewing their fleets because an increasing number of passengers seek comfort and convenience and, therefore, create demand for top-of-the-line coatings to ensure longevity, fuel efficiency, and aesthetic appeal. Increased defense budgets across the globe are also paving the way for specialized coatings that can protect military aircraft from bad weather, thereby enhancing stealth and overall performance of the aircraft. Technological advances in aerospace coatings are also very important. In commercial and military aircraft, there is a desperate need for advanced light-weight coatings that could reduce drag, enhance fuel economy, and offer corrosion resistance. Government programs that make it easier to import and export aircraft and associated materials are also supporting market development and improving global trade. Further expansion of the industry occurs through strengthening laws that aim to enhance the infrastructural aviation and use of friendly coatings. Demand for high-performance aircraft coating will continue increasing in respect to the transformation occurring within the aerospace sector while changing towards sustainability goals, including material science progress.
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Aerospace Coatings Market Segmental Analysis
Global Aerospace Coatings Market is segmented by Resin Type, Industry, Application, End-Use and region. Based on Resin Type, the market is segmented into Epoxy, Polyurethane, Acrylic, Others. Based on Industry, the market is segmented into Original Equipment Manufacturer (OEM), Maintenance, Repair, and Operations (MRO). Based on Application, the market is segmented into Exterior, Interior. Based on End-Use, the market is segmented into Commercial, Military, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Industry
As per the aerospace coatings market forecast, the original equipment manufacturers (OEM) segment remains dominant in the market. This is partly because of increasing air travel and the global need for airlines to modernize their fleets. Advanced coatings are being used by aircraft makers to improve overall performance, lower weight, increase fuel efficiency, and protect against damaging environmental elements that include UV rays, corrosion, and erosion. Coatings against corrosion and erosion are essential for the new aircraft's long-life span and to ensure their safety and operational effectiveness. The need for high-performance coatings will remain a thrust factor for the OEM market, as defense and aviation markets increasingly look at a renewed focus on fleet overhauls.
On the other hand, the maintenance, repair, and overhaul (MRO) segment is expected to lead immensely in the future. As the world's fleet of aircraft grows older, demand for MRO coatings applied in aircraft reconditioning and upgrades is expected to rise. The market will further grow due to the advancements in MRO coatings on issues such as sustainability, durability, and fuel efficiency. These advancements reduce the cost of fleet replacement because they help airlines and military operators maintain and extend the life of older aircraft. The MRO industry will continue to evolve, especially in commercial and military aviation, as stronger maintenance requirements are implemented because it is important in maintaining aircraft safety and efficiency.
Analysis By Application
The exterior coatings segment maintained its leading position throughout the forecast period. The exterior coatings are important in the airplanes since they guard against environmental stresses such as UV rays, corrosion, and oxidation. They reduce drag while increasing fuel economy to further improve the aerodynamics of the airplane. Moreover, since external coatings make an aircraft look clean and glossy, they play vital roles in maintaining its visual attractiveness. More attention to performance and sustainability from the aviation industry would bring about a demand for more durable, lighter outer coating.
On the other hand, according to the aerospace coatings market analysis, the demand for interior coatings is also going to grow, though quite slight. Airline efforts at enhancing the comfort, safety, and overall in-flight experience are bound to increase demand for high-performance interior coatings. These coatings are applied for the purpose of making such ceilings, cabin walls and seats long-lasting with very minimal maintenance and offering additional fire resistance. Interior coatings offer aesthetic beauty to the cabins while adhering strictly to safety regulations. Although the exterior sector will remain the market majority, demand for niche coatings for the interior will build as airlines invest in dramatically more luxurious and secure in-flight passenger environments.
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Aerospace Coatings Market Regional Insights
North America now leads the aerospace coatings industry in large part. It is due to the presence of major aircraft manufacturers and high demand from the commercial and defense sectors, which have leading aerospace coatings users such as Boeing and Lockheed Martin in the US. It is also a research hub in aerospace because firms in the region are designing new coatings and technologies in a continuous process for application both in OEM and MRO. Leadership in North America market is also deriving from the defense contracts won, aircraft manufacturing surge and increased air tourism usage as well. The need for better coatings in the region is further enhanced by considerations on sustainability and fuel efficiency.
In the future years, Asia-Pacific will hold the largest aerospace coatings market share. Major factors motivating this growth include increased spending in both commercial and defense aviation, coupled with increasingly high demand for air travel among countries such as China, India, and Japan. Advancement in aerospace coatings will require more frequent applications as this region's economy continues its rapid growth and increases aircraft demand for new aircraft. The region's governments, additionally, are also investing so much in the aerospace business, which also includes increase in aircraft production and updates of maintenance and repair. APAC has emerged as one of the key players in the future growth of the aerospace coatings industry, considering the expansion of low-cost airlines and rising passenger traffic.
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Aerospace Coatings Market Dynamics
Drivers
- Increased Air Travel and Aircraft Fleets
The aerospace coatings market is growing globally, especially in the emerging regions, due to increased air travel demand. Increased fleets of aircraft require advanced coatings as airlines increase their fleets to accommodate the increasing number of passengers. These coatings are a necessity for enhancing aircraft performance, averting environmental damage, and enhancing fuel efficiency to achieve sustainability objectives.
- Coating Technologies Developments
The market is expanding because of the advanced technology of aircraft coatings in light-weight, fuel-saving, and corrosion-resistant paints. Popular innovations include self-healing coatings, anti-icing, and environment-friendly solutions that improve performance, cut down operating costs, and help manufacturers and airlines achieve the desired coatings under environmental and regulatory norms to create more environmentally friendly aviation.
Restraints
- Expensive High-Tech Coatings
Advanced aircraft coatings can be much more expensive than legacy coatings, depending on the added value they provide, such as fuel efficiency and corrosion protection. In high-cost awareness industries, additional expense can be deterrent enough to prevent smaller airlines or defense contractors from taking advantage of newer generations of coatings technology. Such limitations may thereby limit advanced coatings, especially in MRO applications, where high costs are a more salient factor.
- Stringent Environmental and Regulatory Compliance
Pressure increases on aerospace coatings manufacturers from stringent environmental regulations, including the use of hazardous chemicals and VOCs in typical coatings. Manufacturers may feel beleaguered since changing the coating technologies to more sustainable, environmentally friendly ones is costly and time-consuming in nature. The compliance required by such regulations with coating performance being very high is predicted to greatly hinder development and wide acceptance of these new coatings’ technologies.
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Aerospace Coatings Market Competitive Landscape
Many significant companies exist in the market. The firms compete primarily on the type of products sold since they have the same products. There is minimal product differentiation, and this means that players are aggressively competing. Businesses strive to improve their market position through the provision of goods at a relatively competitive price.
Top Player’s Company Profile
- Akzo Nobel N.V.
- PPG Industries, Inc.
- Sherwin-Williams Company
- Henkel AG & Co. KGaA
- BASF SE
- Axalta Coating Systems Ltd.
- Compagnie de Saint-Gobain S.A.
- Zircotec Ltd.
- APV Engineered Coatings
- Master Bond Inc.
- Hardide Plc
- Bodycote Plc
- Oerlikon Balzers Coating
- IHI Ionbond AG
- Hentzen Coatings, Inc.
- AZTRON Technologies LLC
- KC Jones Plating Company
- Mankiewicz Gebr. & Co.
- Deft, Inc.
- Argosy International Inc.
Recent Developments
- PPG collaborated with UK airline Aerobrand and design house Aerobrand to provide airline customers with a customized offer that integrates paint supply and livery design in July 2022.
- Akzo Nobel announced that it will invest a total of EUR 15 million (USD 17.7 million) in its Pamiers aircraft coatings factory, in July 2022, that Mapaero acquired in 2019. Production capacity is to be enhanced by 50%.
- Henkel opened a state-of-the-art adhesive technology facility in the US in May 2023. Aerospace coatings from this facility will be unique and dependable for the aircraft industry.
Aerospace Coatings Key Market Trends
- Transition to Sustainability: The aircraft industry is utilizing the increased number of eco-friendly and environmentally friendly coatings, wherein manufacturers are compelled by environmental regulations to make new coatings less harmful to the environment. These include water-borne coatings or low-VOC coatings. In addition, with a growing focus on reducing aircraft's carbon footprint, sustainability coatings help the airlines strive towards their sustainability goals in addition to enhancing operating efficiency.
- More Emphasis in Durability and Anti-Corrosion Coatings: Extreme environmental conditions in which the airplanes operate call for coatings with greater corrosion and wear resistances. Prevention of corrosion and durability are critical parameters in ensuring maximization of aircraft life cycles, especially in commercial and military aviation. Improving safety and saving the cost on maintenance, thereby more expenditure on advanced technologies of cutting-edge coating methods that would ensure long life and great performance in unfriendly environmental conditions.
Aerospace Coatings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, global air traffic, aircraft fleet expansion, and improvements in coating technology are going to increase demand for aerospace coatings considerably. High-performance coatings providing fuel economy and weighing lighter are reducing the impact of environmental factors and are in action nowadays. In sustainable aviation and defense industries, a significant emphasis is placed on eco-friendly and long-lasting coatings. On-going technological advancements, especially in anticorrosion and environment friendly selections are helping the market gain back from the problem of high costs and government restriction. Aerospace coating will continue to grow with increasing fleets, modernization, and higher maintenance.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 18.1 billion |
| Market size value in 2031 | USD 28.2 billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerospace Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerospace Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerospace Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerospace Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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