Global Aerospace Coatings market size 2024, Forecast To 2033
23 Jan, 2024
The aerospace coatings market has exhibited robust growth, rising from $2.52 billion in 2023 to $2.71 billion in 2024 at a CAGR of 7.5%. Historical growth is linked to increased defense budgets, aviation industry expansion, an aging aircraft fleet, and stringent regulations for safety and maintenance. Noteworthy trends include sustainability, eco-friendly coatings, nanotechnology in coatings, digitalization, smart coatings, and advanced coating technologies. Forecasted growth indicates a market size of $3.65 billion in 2028, with a CAGR of 7.7%, fueled by factors such as rising air traffic, shifting consumer preferences, demand for aircraft lightweighting, and the need for fuel efficiency.
Global Aerospace Coatings Market Key Driver
The aerospace coatings market is expanding with the growing demand for commercial aircraft. Boeing's projection of a global commercial fleet exceeding 49,000 aircraft by 2040 underscores the anticipated growth. The increasing demand for commercial aircraft necessitates the use of aerospace coatings for interior and exterior applications. This demand for coatings is driving the growth of the aerospace coatings market, as indicated by market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Aerospace Coatings Market ReportGlobal Aerospace Coatings Market Segments
The global 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
By Geography: The regions covered in the Aerospace Coatings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Aerospace Coatings Industry Players
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.
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Aerospace Coatings Market Overview
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.
Aerospace Coatings Global Market Report 2023 provides data on the global aerospace coatings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace coatings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.