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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Aerospace Coatings Market: By Coating Type, By Paint Type, By Aviation Type, By Application and Geography
Aerospace Coatings Market: By Coating Type, By Paint Type, By Aviation Type, By Application and Geography
Aerospace Coatings Market size was valued at US$ 2,450.0 million in 2023 and poised to grow at 6.4% CAGR over the historical years (2019 - 2023). The market is projected to reach US$ 3,816.1 million by 2030 at a CAGR of 6.5% from 2024-2030. Increased innovation and development in the aviation sector, as well as increased airplane production, are significant industry drivers that contribute to market growth and expansion. Airline mergers are of great interest to aircraft coatings producers, and they are projected to drive the expansion of the aerospace coatings market over the forecast period.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Global air passenger traffic growth has increased the demand for commercial aircraft, driving up the level of commercial aircraft manufacture. The global aircraft fleet has grown considerably as a result of increased aircraft deliveries from top manufacturers, fuelling the growth of the aerospace coatings market. As more aircraft are deployed, the demand for maintenance, repair, and overhaul of various parts, components, and systems is expected to significantly expand. Furthermore, airlines continue to focus lowering maintenance costs and increasing durability for longer component lifecycles, which is a key factor driving the coatings industry. However, the rising raw material prices and flat growth of MRO (maintenance, repair, and overhaul) are likely to hinder market growth.
The MRO market for aerospace coatings is growing rapidly in the Middle East and Africa, as well as Asia-Pacific. The countries in the region are eager to build MRO centers to boost their infrastructure industries. In the Middle East, the United Arab Emirates is at the top, followed by Saudi Arabia. These countries are establishing MRO centers with major aircraft manufacturers.
The commercial aviation industry has experienced the fastest development in the entire MRO sector, owing to rapidly rising passenger air travel and rising freight transit rates around the world. Whereas in Asia-Pacific, In August 2022, Adani paid INR 400 crore (USD 54.0 billion) for an aircraft maintenance company. Furthermore, Adani will also replace the 900+ maintenance professionals at Air Work. As a result, the market is expected to grow throughout the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2,450.0 million |
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Market Size in 2030 |
US$ 3,816.1 million |
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Market CAGR |
6.5% |
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By Coating Type |
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By Paint Type |
|
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By Aviation Type |
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By Application |
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By Region |
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Download Free Sample Report
The Aerospace Coatings Market was valued at US$ 2,450.0 million in 2023 and is projected to reach US$ 3,816.1 million by 2030, growing at a CAGR of 6.5 %.
Airlines prioritize minimizing maintenance costs and increasing durability for an extended component lifecycle, which is a key element driving the market for coatings.
Aerospace coatings hold significant promise as aircraft sales and production increase, particularly in emerging nations.
Market research is segmented based on coating type, paint type, aviation type, application, and region.
MEA & Asia-Pacific is estimated to fastest growing with the highest CAGR over the forecast period.
| 1.Executive Summary |
| 2.Global Aerospace Coatings Market Introduction |
| 2.1.Global Aerospace Coatings Market - Taxonomy |
| 2.2.Global Aerospace Coatings Market - Definitions |
| 2.2.1.Coating Type |
| 2.2.2.Paint Type |
| 2.2.3.Aviation Type |
| 2.2.4.Application |
| 2.2.5.Region |
| 3.Global Aerospace Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Aerospace Coatings Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Aerospace Coatings Market By Coating Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Conventional Coatings |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Abrasion/ Wear Resistant Coatings |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Water Repellent Coatings |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Chemical Resistant Coatings |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Corrosion Resistant Coatings |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. High-Temperature Coatings |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Aerospace Coatings Market By Paint Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Polyurethane |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Epoxy |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Acrylic |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Aerospace Coatings Market By Aviation Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Commercial Aviation |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Military Aviation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. General Aviation |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Aerospace Coatings Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Exterior |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Interior |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Aerospace Coatings Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Aerospace Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Coating Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Conventional Coatings |
| 10.1.2.Abrasion/ Wear Resistant Coatings |
| 10.1.3.Water Repellent Coatings |
| 10.1.4.Chemical Resistant Coatings |
| 10.1.5.Corrosion Resistant Coatings |
| 10.1.6.High-Temperature Coatings |
| 10.1.7.Others |
| 10.2. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Polyurethane |
| 10.2.2.Epoxy |
| 10.2.3.Acrylic |
| 10.3. Aviation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Commercial Aviation |
| 10.3.2.Military Aviation |
| 10.3.3.General Aviation |
| 10.3.4.Others |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Exterior |
| 10.4.2.Interior |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Aerospace Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Coating Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Conventional Coatings |
| 11.1.2.Abrasion/ Wear Resistant Coatings |
| 11.1.3.Water Repellent Coatings |
| 11.1.4.Chemical Resistant Coatings |
| 11.1.5.Corrosion Resistant Coatings |
| 11.1.6.High-Temperature Coatings |
| 11.1.7.Others |
| 11.2. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Polyurethane |
| 11.2.2.Epoxy |
| 11.2.3.Acrylic |
| 11.3. Aviation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Commercial Aviation |
| 11.3.2.Military Aviation |
| 11.3.3.General Aviation |
| 11.3.4.Others |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Exterior |
| 11.4.2.Interior |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Aerospace Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Coating Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Conventional Coatings |
| 12.1.2.Abrasion/ Wear Resistant Coatings |
| 12.1.3.Water Repellent Coatings |
| 12.1.4.Chemical Resistant Coatings |
| 12.1.5.Corrosion Resistant Coatings |
| 12.1.6.High-Temperature Coatings |
| 12.1.7.Others |
| 12.2. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Polyurethane |
| 12.2.2.Epoxy |
| 12.2.3.Acrylic |
| 12.3. Aviation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Commercial Aviation |
| 12.3.2.Military Aviation |
| 12.3.3.General Aviation |
| 12.3.4.Others |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Exterior |
| 12.4.2.Interior |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Aerospace Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Coating Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Conventional Coatings |
| 13.1.2.Abrasion/ Wear Resistant Coatings |
| 13.1.3.Water Repellent Coatings |
| 13.1.4.Chemical Resistant Coatings |
| 13.1.5.Corrosion Resistant Coatings |
| 13.1.6.High-Temperature Coatings |
| 13.1.7.Others |
| 13.2. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Polyurethane |
| 13.2.2.Epoxy |
| 13.2.3.Acrylic |
| 13.3. Aviation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Commercial Aviation |
| 13.3.2.Military Aviation |
| 13.3.3.General Aviation |
| 13.3.4.Others |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Exterior |
| 13.4.2.Interior |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Aerospace Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Coating Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Conventional Coatings |
| 14.1.2.Abrasion/ Wear Resistant Coatings |
| 14.1.3.Water Repellent Coatings |
| 14.1.4.Chemical Resistant Coatings |
| 14.1.5.Corrosion Resistant Coatings |
| 14.1.6.High-Temperature Coatings |
| 14.1.7.Others |
| 14.2. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Polyurethane |
| 14.2.2.Epoxy |
| 14.2.3.Acrylic |
| 14.3. Aviation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Commercial Aviation |
| 14.3.2.Military Aviation |
| 14.3.3.General Aviation |
| 14.3.4.Others |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Exterior |
| 14.4.2.Interior |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Socomore |
| 15.2.2.PPG Industries |
| 15.2.3.Akzo Nobel N.V |
| 15.2.4.Vartan |
| 15.2.5.BASF SE |
| 15.2.6.Hentzen Coatings, Inc |
| 15.2.7.Zircotec |
| 15.2.8.Sherwin-Williams Company |
| 15.2.9.Mankiewicz Gebr. & Co. |
| 15.2.10.Axalta Coatings Systems |
| 15.2.11.BryCoat Inc |
| 15.2.12.IHI lonbond AG |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.