Aerospace Coatings Market Soars High: Market to Reach $4.01 Billion by 2029 at 8.6% CAGR
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How Does the Aerospace Coatings Market Size & Growth Rate Look In The Coming Years?
The aerospace coatings market has been exhibiting strong growth over recent years. The market size was valued at $2.69 billion in 2024 and is expected to accelerate to $2.88 billion in 2025, growing at an impressive compound annual growth rate (CAGR) of 7.2%. The expansion in the historic period is underpinned primarily by the rise in defense budgets, aging aircraft fleet, stringent regulations for aircraft safety and maintenance, and increasing demand for commercial and defense aircrafts.
The aerospace coatings market is projected to further expand, reaching an impressive $4.01 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. This robust growth forecast can be attributed to factors such as rising air traffic, shifting consumer preferences, demand for aircraft lightweighting, the need for fuel efficiency, and rising demand for new generation aircraft. Additional major trends propelling the forecast period include sustainability and eco-friendly coatings, nanotechnology in coatings, digitalization and smart coatings, advanced coating technologies, and anti-icing and de-icing coatings.
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What Is Driving The Growth Of The Aerospace Coatings Market?
One of the key drivers propelling the growth of the aerospace coatings market is the growing demand for commercial aircraft. Commercial aircraft industry, which encompasses aircraft that transport passengers or cargo on a scheduled basis for some payment, is experiencing escalating demand. This rising requirement necessitates the manufacturing of new commercial aircraft, thereby spurring the growth of aerospace coatings used for the interior and exterior coating of an aircraft. For instance, Boeing, a renowned US-based aerospace company, in its commercial market outlook for 2021–2040, projected that the global commercial fleet will exceed 49,000 aircraft by 2040.
What Are The Key Segments In The Aerospace Coatings Market?
The aerospace coatings market covered in this report can be segmented into:
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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Who Are The Major Players In The Aerospace Coatings Market?
Key companies operating in the aerospace coatings market encompass 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.
What Trends Are Emerging In The Aerospace Coatings Market?
Product innovations are witnessing growing popularity in the aerospace coatings market. Major companies operating in the sector are devoted to the development of innovative and technologically advanced products to solidify their market position. 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. This online 3D color visualizer tool allows users to experiment with different color schemes for their aircraft, further enhancing their offerings.
Which Regions Have The Largest And The Fastest-Growing Aerospace Coatings Market Share?
In 2024, North America held the largest share of the aerospace coatings market. However, during the forecast period, Asia-Pacific is anticipated to exhibit the fastest growth in the aerospace coatings market.
What Does The Aerospace Coatings Market Report 2025 Offer?
The Aerospace Coatings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Aerospace coatings offer resistance against extreme UV exposure, high-temperature ranges, humidity corrosion, high-velocity dust particles, and the effect of air drag erosion. It also prevents cracking due to variable air pressures. These coatings are applied to different types of aircraft like jets, planes, helicopters to not only enhance their aesthetic appeal but also provide protection against corrosion.
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