Global Aerospace Coatings Market

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: 138 | Figures: 73

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.

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FAQs

Global Aerospace Coatings Market size was valued at USD 18.1 billion in 2022 and is poised to grow from USD 19.2 billion in 2023 to USD 28.2 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031). 

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. '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.'

Increased Air Travel and Aircraft Fleets

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.

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.

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Global Aerospace Coatings Market

Report ID: SQMIG20A2283

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