Military Aerospace Coatings Market Size, Share, Growth Analysis, By Resin Type(PU, Epoxy, Acrylic, Silicone), By Technology(Liquid-Based Technology, Solvent-Based Technology, Water-Based Technology, Powder-Based Technology), By End Use(Fixed-wing Aircraft, Rotary wing Aircraft), By Region - Industry Forecast 2024-2031

Global Military Aerospace Coatings Market size was valued at USD 88.21 billion in 2022 and is poised to grow from USD 92.62 billion in 2023 to USD 136.84 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

Coatings especially designed for military aircraft are known as military aerospace coatings and they are used for inner as well as outer surfaces of aircraft. Rapidly increasing military and defense expenditure around the world is projected to be a key factor promoting sales of military aerospace coatings. Advancements in the coating industry and the creation of novel coating solutions for the aerospace sector are also forecasted to benefit market development going forward. High emphasis on improving the stealth capabilities of military aircraft to gain an advantage in the global defense game will also promote the demand for advanced military aerospace coatings in the future. Replacement of old military aircraft with new generation aircraft is also a trend that will improve military aerospace coatings market growth potential in the future. Utilization of nanotechnology in the coating industry is a key trend that could create attractive new money-making opportunities for military aerospace coating companies going forward. On the contrary, high R&D and maintenance costs associated with advanced military aerospace coatings are estimated to slow down market development scope over the coming years.