Aerospace Coatings Market
PUBLISHED: 2024 ID: SMRC25182
SHARE
SHARE

Aerospace Coatings Market

Aerospace Coatings Market Forecasts to 2030 - Global Analysis By Product (Top-coat, Primer and Other Products), Resin Type (Epoxy, Polyurethane, Acrylic, Fluoropolymer, Silicone and Other Resin Types), Substrate Material, Sales Channel, Technology, Application, End User and By Geography

4.5 (95 reviews)
4.5 (95 reviews)
Published: 2024 ID: SMRC25182

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2021-2030

Estimated Year Value (2023)

US $2.53 BN

Projected Year Value (2030)

US $3.57 BN

CAGR (2023 - 2030)

5.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Aerospace Coatings Market is accounted for $2.53 billion in 2023 and is expected to reach $3.57 billion by 2030 growing at a CAGR of 5.2% during the forecast period. Aerospace coatings are specialized protective layers applied to aircraft and spacecraft surfaces to enhance durability, performance, and aesthetics. These coatings guard against corrosion, abrasion, UV radiation, and extreme temperatures. Essential for both structural integrity and visual appeal, aerospace coatings are designed for various substrates, including metals, composites, and plastics. These coatings contribute to weight reduction and fuel efficiency.

According to the General Civil Aviation Authority of UAE, 2022, it has the second largest airport in the United Arab Emirates (UAE). Moreover, Abu Dhabi International Airport (AUH) is one of the fastest growing airport hubs, which serves over 94 destinations in 56 countries.

Market Dynamics: 

Driver: 

Rising air travel demand

Rising air travel demand is a pivotal driver in the aerospace coatings, fuelled by increasing global mobility and economic growth. As passenger and cargo traffic surge, airlines invest in new aircraft, pouring demand for advanced coatings. These coatings, offering corrosion resistance, UV protection, and enhanced durability, are crucial for ensuring the longevity and performance of aircraft surfaces. The expanding aviation sector, especially in emerging economies, propels the market's growth, with aerospace coatings playing a vital role in safeguarding aircraft structures from environmental factors.

Restraint:

Limited shelf life

Aerospace coatings often have limited shelf life due to the nature of their formulations, which may include volatile and reactive components. Factors like exposure to air, moisture, and temperature fluctuations can lead to chemical changes, degradation, or loss of performance over time. This limitation poses challenges in inventory management, potentially leading to wastage and increased costs for manufacturers and end-users. This aspect can create logistical complexities and impact market growth.

Opportunity:

Innovation and technology advancements

Innovation and technology advancements in aerospace coatings introduce formulations that enhance performance, durability, and environmental sustainability. Ongoing R&D leads to coatings with improved corrosion resistance, UV protection, and weight reduction, aligning with industry demands. Advancements like plasma spray coatings offer thermal protection. Also, eco-friendly formulations address stringent environmental regulations. Enhanced technologies meet evolving aerospace requirements, fostering industry competitiveness. 

Threat:

High initial costs

Aerospace coatings entail high initial costs due to advanced technologies, specialized formulations, and stringent quality standards. The development and manufacturing of coatings that meet aviation regulations and demanding performance criteria involve significant research and testing expenses. These elevated costs can be a deterrent for cost-sensitive segments, potentially limiting adoption and market expansion. Further, companies may encounter resistance in adopting premium coatings, affecting overall market penetration.

Covid-19 Impact

The covid-19 pandemic significantly impacted the aerospace coatings market. Travel restrictions, reduced air travel demand, and production halts in the aviation sector led to a decline in coatings demand. Supply chain disruptions and financial challenges faced by aerospace companies further affected the market. However, increased focus on aircraft maintenance, repair, and overhaul (MRO) activities, along with recovery in air travel, are gradually driving the aerospace coatings market's revival. 

The primer segment is expected to be the largest during the forecast period

The primer segment is estimated to have a lucrative growth. Primer coatings serve as a preparatory layer, applied before the topcoat, enhancing adhesion and substrate protection. These coatings provide corrosion resistance, durability, and a smooth surface for the subsequent layers. Formulated with advanced technologies, primers ensure optimal bonding between the substrate and finish coat, crucial for long-term performance in the demanding aerospace environment. They contribute to overall coating system effectiveness, enhancing the appearance, structural integrity, and longevity of aircraft components.

The plasma spray coatings segment is expected to have the highest CAGR during the forecast period

The plasma spray coatings segment is anticipated to witness the highest CAGR growth during the forecast period. Plasma spray coatings involve a high-temperature process where finely powdered materials are melted in a plasma jet and sprayed onto aircraft components. This technique is used to apply thermal barrier coatings, wear-resistant layers, and abradable seals. The resulting coatings offer enhanced protection against extreme temperatures, corrosion, and wear in aerospace applications. This technology allows for the precise application of coatings on complex geometries, contributing to improved performance, durability, and efficiency of critical components, such as turbine blades and engine parts.

Region with largest share:

The Asia-Pacific region has witnessed notable growth driven by expanding commercial aviation and defense sectors. Rising air travel demand, increased aircraft production, and a surge in defense budgets have fueled the demand for aerospace coatings. Countries like China, India, and Japan are major contributors to the market, with a focus on modernizing fleets. Additionally, the region's aerospace coatings market benefits from advancements in technology, rising disposable incomes, and a growing middle class. The increasing emphasis on environmental regulations and sustainability is also influencing coating choices in the Asia-Pacific aerospace sector.

Region with highest CAGR:

North America's aerospace coatings market is robust, driven by a mature aviation sector and constant innovations. The region houses major aerospace manufacturers and extensive military operations, fueling consistent demand for coatings. Stringent regulations regarding environmental impact and safety standards stimulate the adoption of advanced coatings. Ongoing investments in research, development, and technological advancements contribute to the region's strong position. The market's resilience is further evidenced by a focus on sustainable coatings and initiatives supporting the recovery and growth of the aerospace coatings sector.

Key players in the market

Some of the key players profiled in the Aerospace Coatings Market include The Sherwin-Williams Company, AkzoNobel Aerospace Coatings, Hentzen Coatings, Henkel AG & Co. KGaA, Mankiewicz Gebr. & Co., PPG Industries, Mapaero, BASF SE, Axalta Coating Systems, Akcros Chemicals, Zircotec Limited, Materion Corporation, Novotema, Chemetall, Saint-Gobain, Sun Coating Company, LORD Corporation, IHI Ionbond AG, BryCoat Inc and AHC Oberflachentechnik GmbH.

Key Developments:

In November 2023, Sherwin-Williams Aerospace Coatings added a new aerospace conductive coating (CM0485115) to its line of undercoats, enabling aircraft owners to impart conductivity onto aluminum and composite substrates. The coating offers high conductivity to non-conductive substrates by producing an anti-static conductive film on their surfaces with a resistivity of 0.1 to 100,000 ohms per square meter to help static charges dissipate from antennas and radomes. The coating is designed with excellent adhesion and offers excellent fluid resistance.

In March 2023, AkzoNobel Aerospace Coatings introduced Aerofleet Coatings Management, a new digital, data-driven service that helps airlines and other large operators to tailor and optimise the coatings’ replacement and maintenance schedule for individual aircraft within an airline fleet.

Products Covered:
• Top-coat
• Primer
• Other Products

Resin Types Covered:
• Epoxy
• Polyurethane
• Acrylic
• Fluoropolymer
• Silicone
• Other Resin Types

Substrate Materials Covered:
• Plastic
• Glass
• Copper
• Zinc
• Magnesium
• Steel
• Aluminum
• Other Substrate Materials

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Maintenance, Repair & Overhaul (MRO)

Technologies Covered:
• Solvent-based Coatings
• Water-based Coatings
• Powder Coatings
• Plasma Spray Coatings
• Other Technologies

Applications Covered:
• Exterior
• Interior

End Users Covered:
• Commercial Aviation
• Military Aviation
• General Aviation
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats          
 3.6 Product Analysis         
 3.7 Technology Analysis        
 3.8 Application Analysis        
 3.9 End User Analysis         
 3.10 Emerging Markets         
 3.11 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Aerospace Coatings Market, By Product       
 5.1 Introduction         
 5.2 Top-coat          
 5.3 Primer          
 5.4 Other Products         
            
6 Global Aerospace Coatings Market, By Resin Type       
 6.1 Introduction         
 6.2 Epoxy          
 6.3 Polyurethane         
 6.4 Acrylic          
 6.5 Fluoropolymer         
 6.6 Silicone          
 6.7 Other Resin Types         
            
7 Global Aerospace Coatings Market, By Substrate Material      
 7.1 Introduction         
 7.2 Plastic          
 7.3 Glass          
 7.4 Copper          
 7.5 Zinc          
 7.6 Magnesium         
 7.7 Steel          
 7.8 Aluminum         
 7.9 Other Substrate Materials        
            
8 Global Aerospace Coatings Market, By Sales Channel       
 8.1 Introduction         
 8.2 Original Equipment Manufacturer (OEM)       
 8.3 Maintenance, Repair & Overhaul (MRO)       
            
9 Global Aerospace Coatings Market, By Technology       
 9.1 Introduction         
 9.2 Solvent-based Coatings        
 9.3 Water-based Coatings        
 9.4 Powder Coatings         
 9.5 Plasma Spray Coatings        
 9.6 Other Technologies         
            
10 Global Aerospace Coatings Market, By Application       
 10.1 Introduction         
 10.2 Exterior          
 10.3 Interior          
            
11 Global Aerospace Coatings Market, By End User       
 11.1 Introduction         
 11.2 Commercial Aviation        
 11.3 Military Aviation         
 11.4 General Aviation         
 11.5 Other End Users         
            
12 Global Aerospace Coatings Market, By Geography       
 12.1 Introduction         
 12.2 North America         
  12.2.1 US         
  12.2.2 Canada         
  12.2.3 Mexico         
 12.3 Europe          
  12.3.1 Germany         
  12.3.2 UK         
  12.3.3 Italy         
  12.3.4 France         
  12.3.5 Spain         
  12.3.6 Rest of Europe        
 12.4 Asia Pacific         
  12.4.1 Japan         
  12.4.2 China         
  12.4.3 India         
  12.4.4 Australia         
  12.4.5 New Zealand        
  12.4.6 South Korea        
  12.4.7 Rest of Asia Pacific        
 12.5 South America         
  12.5.1 Argentina        
  12.5.2 Brazil         
  12.5.3 Chile         
  12.5.4 Rest of South America       
 12.6 Middle East & Africa        
  12.6.1 Saudi Arabia        
  12.6.2 UAE         
  12.6.3 Qatar         
  12.6.4 South Africa        
  12.6.5 Rest of Middle East & Africa       
            
13 Key Developments          
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 13.2 Acquisitions & Mergers        
 13.3 New Product Launch        
 13.4 Expansions         
 13.5 Other Key Strategies        
            
14 Company Profiling          
 14.1 The Sherwin-Williams Company       
 14.2 AkzoNobel Aerospace Coatings       
 14.3 Hentzen Coatings         
 14.4 Henkel AG & Co. KGaA        
 14.5 Mankiewicz Gebr. & Co.        
 14.6 PPG Industries         
 14.7 Mapaero          
 14.8 BASF SE          
 14.9 Axalta Coating Systems        
 14.10 Akcros Chemicals         
 14.11 Zircotec Limited         
 14.12 Materion Corporation        
 14.13 Novotema         
 14.14 Chemetall         
 14.15 Saint-Gobain         
 14.16 Sun Coating Company        
 14.17 LORD Corporation         
 14.18 IHI Ionbond AG         
 14.19 BryCoat Inc         
 14.20 AHC Oberflachentechnik GmbH       
            
List of Tables           
1 Global Aerospace Coatings Market Outlook, By Region (2021-2030) ($MN)    
2 Global Aerospace Coatings Market Outlook, By Product (2021-2030) ($MN)    
3 Global Aerospace Coatings Market Outlook, By Top-coat (2021-2030) ($MN)    
4 Global Aerospace Coatings Market Outlook, By Primer (2021-2030) ($MN)    
5 Global Aerospace Coatings Market Outlook, By Other Products (2021-2030) ($MN)    
6 Global Aerospace Coatings Market Outlook, By Resin Type (2021-2030) ($MN)    
7 Global Aerospace Coatings Market Outlook, By Epoxy (2021-2030) ($MN)     
8 Global Aerospace Coatings Market Outlook, By Polyurethane (2021-2030) ($MN)    
9 Global Aerospace Coatings Market Outlook, By Acrylic (2021-2030) ($MN)    
10 Global Aerospace Coatings Market Outlook, By Fluoropolymer (2021-2030) ($MN)    
11 Global Aerospace Coatings Market Outlook, By Silicone (2021-2030) ($MN)    
12 Global Aerospace Coatings Market Outlook, By Other Resin Types (2021-2030) ($MN)   
13 Global Aerospace Coatings Market Outlook, By Substrate Material (2021-2030) ($MN)   
14 Global Aerospace Coatings Market Outlook, By Plastic (2021-2030) ($MN)    
15 Global Aerospace Coatings Market Outlook, By Glass (2021-2030) ($MN)     
16 Global Aerospace Coatings Market Outlook, By Copper (2021-2030) ($MN)    
17 Global Aerospace Coatings Market Outlook, By Zinc (2021-2030) ($MN)     
18 Global Aerospace Coatings Market Outlook, By Magnesium (2021-2030) ($MN)    
19 Global Aerospace Coatings Market Outlook, By Steel (2021-2030) ($MN)     
20 Global Aerospace Coatings Market Outlook, By Aluminum (2021-2030) ($MN)    
21 Global Aerospace Coatings Market Outlook, By Other Substrate Materials (2021-2030) ($MN)   
22 Global Aerospace Coatings Market Outlook, By Sales Channel (2021-2030) ($MN)    
23 Global Aerospace Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN) 
24 Global Aerospace Coatings Market Outlook, By Maintenance, Repair & Overhaul (MRO) (2021-2030) ($MN) 
25 Global Aerospace Coatings Market Outlook, By Technology (2021-2030) ($MN)    
26 Global Aerospace Coatings Market Outlook, By Solvent-based Coatings (2021-2030) ($MN)   
27 Global Aerospace Coatings Market Outlook, By Water-based Coatings (2021-2030) ($MN)   
28 Global Aerospace Coatings Market Outlook, By Powder Coatings (2021-2030) ($MN)   
29 Global Aerospace Coatings Market Outlook, By Plasma Spray Coatings (2021-2030) ($MN)   
30 Global Aerospace Coatings Market Outlook, By Other Technologies (2021-2030) ($MN)   
31 Global Aerospace Coatings Market Outlook, By Application (2021-2030) ($MN)    
32 Global Aerospace Coatings Market Outlook, By Exterior (2021-2030) ($MN)    
33 Global Aerospace Coatings Market Outlook, By Interior (2021-2030) ($MN)    
34 Global Aerospace Coatings Market Outlook, By End User (2021-2030) ($MN)    
35 Global Aerospace Coatings Market Outlook, By Commercial Aviation (2021-2030) ($MN)   
36 Global Aerospace Coatings Market Outlook, By Military Aviation (2021-2030) ($MN)   
37 Global Aerospace Coatings Market Outlook, By General Aviation (2021-2030) ($MN)   
38 Global Aerospace Coatings Market Outlook, By Other End Users (2021-2030) ($MN)    
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials