The aerospace coatings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aerospace Coatings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aerospace coatings market size has grown strongly in recent years. It will grow from $2.52 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in defense budgets, growth of the aviation industry, ageing aircraft fleet, stringent regulations for aircraft safety and maintenance, rising demand for commercial and defense aircrafts.
The aerospace coatings market size is expected to see strong growth in the next few years. It will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising air traffic, shifting consumer preferences, demand for aircraft lightweighting, need for fuel efficiency, rising demand for new generation aircraft. Major trends in the forecast period include sustainability and eco-friendly coatings, nanotechnology in coatings, digitalization and smart coatings, advanced coating technologies, anti-icing and de-icing coatings.
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Scope Of Aerospace Coatings Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace Coatings Market Overview
Market Drivers –
The growing demand for commercial aircraft is expected to propel the growth of the aerospace coatings market going forward. Commercial aircraft are a type of aircraft that is used to transport passengers or cargo on a scheduled basis for some payment. Increasing demand for commercial aircraft requires new commercial aircraft to be manufactured, thereby promoting the growth of aerospace coatings used to coat the interior and exterior of an aircraft. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 aircraft by 2040. Therefore, the growing demand for commercial aircraft is driving the groeth of the aerospace coatings market.
Market Trends –
Product innovations are the key trends gaining popularity in the aerospace coatings market. Major companies operating in the aerospace coatings sector are focused on developing new technological and innovative products to strengthen their position in the market. For instance, in January 2022, Sherwin-Williams Aerospace Coatings, a US-based manufacturer of high-quality exterior and interior paint and coating systems, launched the Aircraft Color Visualizer platform, an online 3D color visualizer tool that lets users experiment with different color schemes for their aircraft. The Aircraft Color Visualizer is a fully interactive desktop tool that lets users design color schemes for six different types of aircraft, including kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters.
The aerospace coatings market covered in this report is segmented –
1) By Product Type: Top-Coat, Primer, Other Product Types
2) By Resin: Epoxy, Polyurethane, Acrylic, Other Resins
3) By Technology: Solvent-Based Coatings, Water-Based Coatings, Powder Coatings, Other Technologies
4) By Application: Exterior, Interior
5) By End User: Commercial Aviation, Military Aviation, General Aviation, Other End Users
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Regional Insights –
North America was the largest region in the aerospace coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace coatings market share duing the forecast period. The regions covered in the aerospace coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the aerospace coatings market include Akzo Nobel N.V., Henkel AG & Co. KGaA, Mankiewicz Coatings GmbH & Co. KG, Hentzen Coatings Inc, Badische Anilin und Soda Fabrik, IHI Ionbond AG, The Sherwin-Williams Company, Zircotec Ltd., Asahi Kinzoku Kogyo Inc., BryCoat Inc., Axalta Coating Systems Ltd., LORD Corporation, APV Engineered Coatings, Hardide PLC., Bodycote plc, PPG Industries, Oerlikon Balzers Coating S.A. Brügg, DowDuPont Inc., Hohman Plating & Manufacturing LLC, International Aerospace Coatings Holdings LP, Compagnie de Saint-Gobain S.A., AHC Oberflachentechnik, NV Specialty Coatings., The Sherwin-Williams Company, Chemetall GmbH, Greenkote PLC, BEKAERT, Mankiewicz Coatings, ShawCor Ltd.
Table of Contents
1. Executive Summary
2. Aerospace Coatings Market Report Structure
3. Aerospace Coatings Market Trends And Strategies
4. Aerospace Coatings Market – Macro Economic Scenario
5. Aerospace Coatings Market Size And Growth
…..
27. Aerospace Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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