The Business Research Company’s report on the Aerospace Coatings Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the aerospace coatings market’s growth in recent years?
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.
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How does the future projection of the aerospace coatings market size compare to its historical growth?
The aerospace coatings market size has grown strongly in recent years. It will grow from $2.69 billion in 2024 to $2.88 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. 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 $4.01 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. 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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Which key players are shaping the future of the aerospace coatings market?
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.
What trends will propel the growth and evolution of the aerospace coatings market?
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.
Which regions are expected to become dominant players in the aerospace coatings market?
North America was the largest region in the aerospace coatings market in 2024. 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.
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What are the emerging key segments in the aerospace coatings market, and how are they evolving?
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
Subsegments:
1) By Top-Coat: Glossy Top-Coats, Matte Top-Coats, Semi-Gloss Top-Coats, Specialty Top-Coats
2) By Primer: Epoxy Primers, Polyurethane Primers, Zinc-rich Primers, Wash Primers
3) By Other Product Types: Sealants, Adhesives, Surface Preparations, Specialty Coatings
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How is the aerospace coatings market defined?
Aerospace coatings provide a high level of resistance against high-temperature ranges, extreme UV exposure, air drag erosion, humidity corrosion, and the effect of high-velocity dust particles. It also helps to resist cracking due to variable air pressures. Aerospace coatings are applied to jets, planes, helicopters, and other aircraft to preserve their beauty and guard against corrosion.
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