- Epoxy
- Acrylic
- Polyurethane
- Others
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.
Aircraft Coatings Market Summary
Study Period
2023-29
Base Year
2022
CAGR
4.7%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Aircraft Coatings Market Dynamics
Aircraft coatings market is expected to grow over the forecasted years owing to the increasing sales and production of aircrafts across the globe especially increasing demand for military and commercial aircrafts. In addition, the increase in substantial increase in expenditure of people, rising preference of air travel among the individuals, and rising tourism industry is expected to fuel the growth of aircraft coatings market over the forecasted years. However, the high cost of raw materials and lack of skilled professionals in aircraft coating industry is expected to hinder the market growth over the forecasted period.
North America Got Significant Share
Aircraft Coatings Market Regional Analysis
Aircraft coatings market is segmented based on regions into North America, Asia-pacific, Europe, Latin America, and Middle East and Africa. North America aircraft coatings market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the presence of numerous aircraft and paints manufacturers in countries like United States in this region. Asia Pacific is expected to have a substantial growth over the forecasted years owing to the increase in trade activities by air in this region. Europe region is also expected to have a growth at significant rate due to the increase in air travels in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Aircraft Coatings Market Segmentation
By Resin Type
By Technology
- Liquid Coating
- Powder Coating
- Others
By Aircraft Type
- Commercial Aircraft
- Military Aircraft
- General Aircraft
By Application
- Interior
- Exterior
By End User
- Original Equipment Manufacturer
- Maintenance Repair & Operations
Frequently Asked Questions
Aircraft Coatings market was valued at USD 1,994.6 million in 2022, and is expected to grow at a 4.7% CAGR from 2023 to 2029
High cost of raw material is expected to hinder the growth of aircraft coating market over the forecasted period.
The leading players in the global Aircraft Coatings market are Akzo Nobel N.V., PPG Industries, Inc., Aztron Technologies, Axalta Coating Systems, KC Jones Plating Company, OM Sangyo Co., Ltd., Endura Plating Technology, Twin City Plating, Nickel Composite Coatings Inc., Surteckariya Co., Ltd., Hunger International GmbH.
Increase in aircraft manufacturing and sales, increase in air travel preference of individual and increase in per capita income is considered to aid opportunities to the market key players.
- Akzo Nobel N.V.
- PPG Industries, Inc.
- Aztron Technologies
- Axalta Coating Systems
- KC Jones Plating Company
- OM Sangyo Co Ltd.
- Endura Plating Technology
- Twin City Plating
- Nickel Composite Coatings Inc.
- Surteckariya Co Ltd.
- Hunger International GmbH