Aerospace Coatings Market Size Share and Industry Outlook to 2028

SKU: DMCH268 | Last Updated On: Dec 09 2021 | No. of Pages: 180 | Available Formats

> Global Aerospace Coatings Market Expected to reach a high CAGR of 6.92% By 2028: DataM Intelligence

Global Aerospace Coatings Market is segmented By Resin Type (Epoxy, Polyurethane, Acrylics, Polyester, Others), By Technology (Liquid Coatings (Water-based Coatings, Solvent-based Coatings), Powder Coatings), By Type (Interior, Exterior), By Consumer (Original Equipment Manufacturer (OEM), Maintenance, Repair & Overhaul (MRO)), By End-User (Commercial Aviation, General Aviation, Military Aviation), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Aerospace Coating Market

Market Overview

The aerospace coatings market is growing at a CAGR of 6.92%. in the forecast period (2021-2028).

  • Aerospace coatings are the protective layers applied to the surface of the aircraft decorative and various functional aspects.
  • During the flight, the aircraft is subjected to intense UV exposure and humid atmospheres. These are often exposed to temperature fluctuations which can cause wear and tear of metal surfaces. To protect the aircraft from climatic stress, aerospace coatings help in offering high resistance to corrosion, solar heat, UV rays, fog, and other adverse weather conditions. Demand to reduce downtime of aircraft and extended maintenance cycle has propelled the aerospace coating market globally.

Market Segmentation

  • Based on the resin type, the global aerospace coatings can be classified into, epoxy, polyurethane, acrylics, polyester, and others. Polyurethane resin type is expected to dominate the market due to superior properties exhibited by it such as, resistance to abrasion and changing temperatures.
  • It has a high degree of resistance to the damaging effects of ultraviolet rays emitting from the sun, which makes it a preferred choice in the aerospace coatings market.
  • Based on applications, the global aerospace coatings market is classified into exterior and interior. Demand for the exterior use in aerospace coatings market is supported by the urge to handle extreme harsh environmental conditions. Players dealing with manufacturing of exterior coatings are focussing on improving the durability, and faster dry time. The growth of interior applications is attributed to frequent repair & maintenance cycle for a pleasing and decorative appearance.
  • Based on the end user industry, the entire market can be classified into commercial aviation, general aviation and military aviation. The business segment is driven by the entry of new airlines and expansion of existing airlines.
  • The rise in the number of air travelers is also a key factor contributing to the growth of the commercial aviation segment and is projected to grow at the highest CAGR during the forecast period. Military aviation is the second most lucrative market due to the increase in investments in the military & defense sector by countries such as The U.S.A, India, and Russia.

Geographical Share

  • Geographically, the global aerospace coatings market can be classified into North America, Europe, South America, Asia Pacific and Rest of the world. In the Asia Pacific, China and India are anticipated to boost the demand for aerospace coatings due to the increase in the number of aircraft due to the growth of the aviation industry. Moreover, factors such as the improvised standard of living and the rise in per capita income of the countries of the Asia Pacific region are also propelling the overall growth of the Asia Pacific aerospace coatings market.

Airline Mergers and Acquisitions to Provide Significant Growth Opportunity

  • Airline mergers and acquisitions are anticipated to provide a growth opportunity for manufacturers as airlines need to repaint their fleets due to changes in the brand and identity. This is fuelling demand for repainting of aircraft.

Competitive Analysis

  • Key players active in the global aerospace coatings market are, BASF SE, PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Henkel AG & Company, International Aerospace Coatings Holdings, IHI Ionbond AG, Hentzen Coatings, Inc., and Mankiewicz Gebr. & Co. among others.

Report Highlights

  • The report provides an extensive qualitative and quantitative assessment of the present and future trends in the global Aerospace coatings market
  • Focus on the various market dynamics that can have an impact on the growth of the market
  • Recent industry trends and developments in the aerospace coatings market
  • Product mapping for the key products of all the major market players
  • Key players in the market are profiled, and their recent events, product portfolio, and other business strategies are listed
  • Excel data sheet with thousands of data points of the aerospace coatings market – level4/5 segmentation
  • PDF report with most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Key Target Audience

  • Global Aerospace Coatings Manufacturers
  • Various End Users (Commercial Aviation, Military Aviation, and General Aviation)
  • Traders, Distributors, and Suppliers of Technology, Chemicals, or Components
  • Manufacturers of Resins and Intermediate Chemicals
  • Industry Investors/Investment Bankers
  • Research Organizations and Academia
  • Emerging Companies
  • Market Research and Consulting Firms

Trending Topics

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Table of Content

1. Aerospace Coatings Market - Introduction

1.1 Study Scope

1.2 Market Introduction

2. Aerospace Coatings Market - Assumptions and Research Methodology

3. Aerospace Coatings Market - Executive Summary

4. Aerospace Coatings Market - Industry Analysis

4.1 Market Dynamics

4.1.1 Drivers

4.1.2 Restraints

4.2 Key Industrial Developments in Aerospace Coatings Market

4.3 Porter’s Five Forces Analysis

4.3.1 Competition Degree

4.3.2 Threat of Substitutes

4.3.3 Threat of New Entrants

4.3.4 Bargaining Power of Suppliers

4.3.5 Bargaining Power of Buyers

5. Aerospace Coatings Market Segmentation - By Resin Type

5.1 Epoxy

5.2 Polyurethane

5.3 Acrylics

5.4 Polyester

5.5 Others

6. Aerospace Coatings Market Segmentation Analysis - By Technology

6.1 Liquid Coatings

6.1.1 Water-based Coatings

6.1.2 Solvent-based Coatings

6.2 Powder Coatings

7. Aerospace Coatings Market Segmentation Analysis - By Type

7.1 Interior

7.2 Exterior

8. Aerospace Coatings Market Segmentation Analysis - By Consumer

8.1 Original Equipment Manufacturer (OEM)

8.2 Maintenance, Repair & Overhaul (MRO)

9. Aerospace Coatings Market Segmentation Analysis - By End-User

9.1 Commercial Aviation

9.2 General Aviation

9.3 Military Aviation

10. Aerospace Coatings Market - Regional, Country-level Analysis

10.1 North America

10.1.1 The U.S.A

10.1.2 Mexico

10.1.3 Canada

10.1.4 Rest of North America

10.2 Europe

10.2.1 Germany

10.2.2 The U.K.

10.2.3 France

10.2.4 Spain

10.2.5 Italy

10.2.6 Rest of Europe

10.3 South America

10.3.1 Brazil

10.3.2 Argentina

10.3.3 Rest of South America

10.4 Asia Pacific

10.4.1 China

10.4.2 India

10.4.3 Japan

10.4.4 Australia

10.4.5 Rest of Asia Pacific

10.5 Rest of the World

11. Aerospace Coatings Market Competitive Landscape

11.1 Company Profiles*

11.1.1 BASF SE

11.1.1.1 Company Description

11.1.1.2 Recent Financials

11.1.1.3 Business Segments and Product Portfolio

11.1.1.4 SWOT Analysis

11.1.1.5 Strategic Analysis and Key Developments

11.1.2 PPG Industries, Inc.

11.1.3 Akzo Nobel N.V.

11.1.4 The Sherwin-Williams Company

11.1.5 Henkel AG & Company

11.1.6 International Aerospace Coatings Holdings

11.1.7 IHI Ionbond AG

11.1.8 Hentzen Coatings, Inc. 

11.1.9 Mankiewicz Gebr. & Co.

11.1.10 Mapaero 

11.2 Market Share Analysis

11.3 Product Mapping

12. Aerospace Coatings Market Appendix

12.1 Sources

12.2 List of Tables

12.3 Expert Panel Validation

12.4 Disclaimer

12.5 Contact Us

*Note: Additional company profiles will be included on request

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