Global Aerospace Coatings Market: Snapshot

Aerospace coatings are the coatings applied over the aircraft in order to get the functional as well as esthetic properties. Generally, aerospace coatings are applied both on the interior and exterior of the aircraft. Aerospace coatings are also applied on the structural components such as fuselage frame, wing frame and tail frame. The commonly used resins for the aerospace applications include polyurethane, epoxy and acrylate along with specific additives and pigments. Rise in aircraft manufacturing and maintenance, repair and operational activities are the key factors driving the global aerospace coatings market.

Rising Demand for OEM in Developed Regions to Enable Market Report Increased Sales

Aerospace coatings market has been classified as resin, technology, user, end-user and geography. The resin segment of aerospace coatings market can be classified as polyurethane, epoxy, acrylics and others. The technology segment of aerospace coatings market is categorized into water-based, solvent-based and other technology segment including powder-based technology. Among technologies the market offers, the demand for water-based technology is likely to surpass its solvent-based counterpart in the coming years.

The user segment of aerospace coatings market is segmented as OEM and MRO. The end user industries of aerospace coatings market include segments such as commercial and business aircraft, military & space and helicopters. As per TMR, the lion’s share of the aerospace coatings market is likely to be held by the consumer and business aircraft segment. In terms of geography, aerospace coatings market is segmented as North America, Europe, Asia Pacific Latin America and Middle East & Africa. The progress made by the OEM segment in the developed regions and MRO segment in the developing economies are anticipated to offer an attractive platform for the expansion of aerospace coatings market. Emergence of China as a prominent player in the aerospace industry is a key contributor to the demand for aerospace coatings in Asia Pacific. Furthermore, rise in maintenance, repair, & overhaul activities has led to a significant increase in demand for aerospace coatings across various regions.

Presence of a Solid Military Sector Seals North America’s Dominance in Global Market

Global aerospace coatings market is classified on the basis of geography as North America, Europe, Asia Pacific, Latin America and Middle East. North America dominate the global aerospace coatings market owing to the presence of solid military sector in the region with remarkable consumption of aerospace coatings by the U.S. Europe, with significant contribution from Eastern Europe , U.K and Germany  is also expected to have significant expansion of aerospace coatings during the forecast period. China is considered one of the highly productive country in terms of consumption of aerospace coatings and due to which Asia Pacific region is also anticipated to have significant expansion in the aerospace coatings market. The aerospace industry in Latin America has been expanding significantly due to the rise in aircraft production with significant contribution from Mexico and Brazil. Recent advancements in technology and progress made in the aviation sector in the Middle East & Africa are anticipated to drive aerospace coatings market in the region.

Key players operating in the high performance ceramic coatings market include PPG Industries Inc, The Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, etc.

Global Aerospace Coatings Market: Overview

Aerospace Coatings are used to coat the interior and external structural components of aircraft. Innovative technologies and industry friendly regulations implemented by various governments fuel the expansion of aerospace coatings market. Expansion of the aerospace coatings market can be ascribed to the advancements made in the defense and space sector. However, commercial and business aircraft is the key factor driving the global aerospace coatings market.

Increasing air passenger traffic, emerging economies and growing number of low cost carriers are expected to boost the aerospace coatings market in the future. Recent trend of spending heavily on military and space programs are expected to fuel the growth of the aerospace market in near future.

Aerospace coatings are primarily used in aircraft parts such as horizontal stabilizers, vertical fins, wings fairings, and engine cowlings. In the military application segment, coatings are employed in radar panels, avionic racking and rotor blade boxes. Fleet expansion activities, increased competition among global aircraft leaders such as Boeing, expansion of low cost carriers and clause relaxation are the key drivers of the aerospace coatings market. The commonly used resins in the aerospace coating applications include polyurethane, epoxy, acrylics and other resins such as fluoropolymers and polyesters. Among the various technologies, water-based technologies are anticipated to surpass the solvent-based technology in the upcoming years. Aerospace coatings market is heavily dependent on both OEM and MRO segments. With the introduction of new aircraft, OEM is gaining popularity across the globe. The lion’s share of the aerospace coatings market is consumed by the commercial & business aircraft. However, increased spending on the military sector is anticipated to propel the expansion of aerospace coatings market in the near future.

The study provides comprehensive view of the Aerospace Coatings market by dividing it into resin type, technology, user, end-user and geography.

Global Aerospace Coatings Market: Scope of the Study

The report estimates and forecasts the Aerospace Coatings market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the Aerospace Coatings market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Aerospace Coatings market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Aerospace Coatings market and global average price trend analysis.

The report includes Porter’s Five Forces Model to determine the degree of competition in the Aerospace Coatings market. It comprises qualitative write-up on market attractiveness analysis, wherein products, processes, applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw Process availability, profit margin, impact strength, Application, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for Aerospace Coatings between 2017 and 2025.

Global Aerospace Coatings Market: Research Methodology

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Global Aerospace Coatings Market: Regional Outlook

Regional segmentation includes the current and forecast of Aerospace Coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., France, Germany, the U.K., China, India, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes amount of Aerospace Coatings consumed by product, process, and application in all the regions and countries.

Global Aerospace Coatings Market: Competitive Outlook

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players in the aerospace coatings market include PPG Industries, Inc, The Sherwin-Williams Company, Akzo Nobel N.V, Hentzen Coatings Inc, Mankiewicz Gebr. & Co etc. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The Aerospace Coatings Market has been divided into the following segments.

Aerospace Coatings Market – Resin Analysis

  • Polyurethane
  • Epoxy
  • Acrylics
  • Others

Aerospace Coatings Market – Technology Analysis

  • Water-based
  • Solvent-based
  • Others

Aerospace Coatings Market – User Analysis

  • OEM 
  • MRO

Aerospace Coatings Market – End User Analysis

  • Commercial & Business Aircraft
  • Military & Space
  • Helicopters

Aerospace Coatings Market – Regional Analysis

North America

  • U.S.
  • Canada

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Europe

  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa