Aircraft Coatings Market: By Resin Type (Epoxy, Acrylic, Polyurethane, And Others), By Technology (Liquid Coating, Powder Coating, And Others), By End-User (Original Equipment Manufacturer, and Maintenance Repair & Operations), By Aircraft Type (Commercial Aircraft, Military Aircraft, and General Aircraft), By Application (Interior, Exterior), and Geography

Aircraft Coatings Market size was valued at USD 1,994.6 million in 2022, and is expected to grow at a 4.7% CAGR from 2023 to 2029. The aircraft coating applied on the surface of the aircraft is commonly known as a substrate. The aircraft coating is can be done for decorative coatings purpose or functional purpose or sometimes both. The rising demand for aircraft coating from various end users is the key driving factor for aircraft coating market. The rising trend of efficient and light air craft has led to the adoption of nano technology in aircraft manufacturing. The nano structured metals are low density materials with anti-corrosive property and high tensile strength. The increasing number of aircraft manufacturing is expected to drive the market growth. the increase in maintenance, repair, overhaul is expected to provide an opportunity to the key market drivers in the growth of aircraft coating market over the forecasted years. In addition, rising preference of air travel among individuals, growing tourism industry and increase in substantial expenditure of individual in standard lifestyle and comfort is expected to boost the growth of aircraft coatings market. Furthermore, advancement of technologies along with the government initiatives in order to support the imports and exports of the business is expected to have a positive effect on the growth of aircraft coatings market. However, the high cost of raw material and lack of skilled professionals in this sector is expected to hinder the growth of aircraft coatings market over the forecasted years. The United States has largest aircraft coating and paints market. Thus geographically, North America region held the major market share in 2022 and is expected to dominate the global aircraft coatings market in the forecasted years.

Aircraft Coatings Market Key Developments:

• In July 2022, PPG announced their partnership with UK airlines and design consultancy Aero brand to provide unique service to the air customers.
• In July 2022, Akzo Nobel invested USD 17.7 million in company’s aircraft coating facility in pamiers.