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Global Aerospace Coatings Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ0474
Global Aerospace Coatings Market Outlook to 2029

Report Description

Aerospace Coatings is a covering applied on the exterior surface and/or interior surface of commercial or military aircraft for decorative purposes or functional purposes like corrosion resistance, temperature resistant, etc. According to BlueQuark Research & Consulting, the global Aerospace Coating market is expected to witness a significant growth rate during the forecasted period. Factors like increased use of Aerospace Coating in Commercial Aircraft due to its properties like scratch resistance, gloss retention, etc., are expected to drive the global Aerospace Coatings market in the forecasted period. Further, the use of Aerospace Coatings in the Military Aviation due to desirable properties like temperature resistance, exposure to light, and high weather ability are projected to drive the Aerospace Coatings market in the forecasted period. Furthermore, the increased use of Aerospace Coatings in Private jets as it adds an aesthetic look due to its variable colors is expected to drive the global Aerospace Coatings market in the forecasted period. However, factors like the very high price of raw materials and decreased spending on military in developed countries are expected to hinder the growth of the Aerospace Coatings market in the forecasted period. 

Aerospace Coating is primarily used for components of aircraft like wings, interior floors, door frames, tail wings, wheels, aircraft components, radiators, metal surfaces, shelves, valves, etc. 

The Primary use of Aerospace Coatings is in the Commercial Aircraft Industry. The desirable properties of Aerospace Coatings, like quick-drying in ambient temperature, Chemical resistance, temperature resistance, abrasion resistance, scratch resistance, and gloss retention, are expected to increase the usage of Coating in the Commercial Aircraft industries, therefore driving the growth of the global market. Further, properties like environmentally compliant, extra durability color & gloss retention, lower weight, and fast dry-time for the reduction in downtime during paint cycles are estimated to grow the global Aerospace Coating market. Furthermore, new technology innovations like environmentally friendly chrome-free primers, low-density primers, fluoropolymer top coating, and basecoat clearcoat topcoats give more quality and efficiency to OEM, thereby supporting the growth of the Aerospace Coating market. Lightweight and efficient aircraft have initiated short route operations in emerging economies to challenge the lengthier routes, which are ideally ruled by the overseas carriers. Modern lightweight airplanes exhibit a long range of travel and low cost of operations, which are assisting the beginning of long distant low-budget business models. In turn, these business models benefitting the connected city air travels of the carriers and the convenience of passengers. Therefore, the increased passenger travel coupled with the economic growth of the emerging countries is likely to enhance commercial aircraft production globally. Moreover, The Sherwin-Williams Company, one of the global leaders in manufacturing Aerospace Coatings, posted its net income of $2,030 Million for 2020, a significant 24% increase from the previous fiscal year. Also, Aerospace coating has additional properties like solar heat management, ice release & drag reduction. These are the factors projected to drive the growth of the Global Aerospace Coating market.  

The Asia-Pacific region is expected to be a market leader as it is one of the fastest-growing markets for Aerospace Coating. A Significant Increase in air travel in Asia-Pacific Regions, especially in China & India, due to Rapid Urbanization and emerging economies is one of the factors estimated to drive the market in the Asia Pacific market region. The epoxy-based resins are reinforced polymers derived from petroleum sources after a reaction process involving epoxide units. These resins help develop coatings' several properties, including strength, durability, and chemical resistance. Fast-drying, toughness, outstanding adhesion, resistance to water, and good curing make it suitable for protecting metals and other surfaces. The paints and coatings derived from epoxy-based resins have limited gloss retention. The large biomass content and excellent properties, like thermal, mechanical, and flame retarding performances, along with the need for a sustainable environment, will likely increase the demand for bio-based epoxy-based resins. The aerospace industry primarily usage epoxy coatings as primers for corrosion protection, aerospace hangars, corporate aircraft hangars, floor coatings, etc. Epoxy primers can tolerate both cold and hot temperatures, although, operating temperatures upward of 140⁰C are not recommended. Epoxy is also worn as topcoats and is mostly preferred in interior applications, as they tend to change color under the exposure to light and extreme weather. Further, the increase in short route operations of commercial flights in the Asia-Pacific region is projected to drive the demand for Aerospace Coatings. Furthermore, mergers of two flight companies are also expected to drive the market growth as mergers lead to a livery change in either one or both aircraft, thereby increasing the demand for Aerospace Coatings for 3-4 years. Aerospace Coatings also contributes to developing more efficient military aircraft through its lightweight, special fade property, excellent drying times of basecoat, etc. Moreover, it has increased usage in private jets due to its wide variety of colors as the owners expect authenticity. Factors like these have made Asia-Pacific an essential scope for the global Aerospace Coating market.

Some of the market's key players are PPG IndustriesAkzoNobel NVThe Sherwin-Williams CompanyHentzen, and Henkel

In Oct 2021, Azelis expanded its case offerings in mainland Europe.

In March 2021, SOCOMORE launched an alkaline degreaser approved by major OEMs from its surface treatment range, such as AIRBUS and SAFRAN.

Global Aerospace Coating Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Aerospace Coating market by segmenting based on the Product Type (Topcoat, Primers, others), Application (Exterior, Interiors), User Type (Original Equipment Manufacturers & Maintenance, Repair & Overhaul), End-User Industry (Commercial, Military, General Aviation & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

 

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Aerospace Coatings market.
  • Equip yourself with rigorous analysis and forward-looking insight into the Aerospace Coatings market across various regions.
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demand for the Aerospace Coatings Market evolves over the next five years across various regions.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Tables and charts

Global Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

North America Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United States Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Canada Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Mexico Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Europe Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United Kingdom Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Germany Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Italy Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

France Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Other Supporting Charts

Rest of Europe Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South America Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Brazil Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Argentina Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of South America Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Asia-Pacific Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

China Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

India Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Japan Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Korea Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Asia-Pacific Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Middle East & Africa Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Saudi Arabia Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Africa Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Middle-East & Africa Aerospace Coatings Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

  Who need this report?

  • Aerospace Coatings Manufacturing Companies
  • Aircraft Manufactures
  • Airlines Companies
  • Suppliers, distributors of Aerospace Coatings
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global Aerospace Coatings Market Outlook to 2027.pdf
Market Data - Global Aerospace Coatings Market Outlook to 2027.xls

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