Aircraft Paint Market
Aircraft Paint Market Forecasts to 2028 - Global Analysis By Type (Enamel and Epoxy), Aircraft Types (Narrow-body, Wide-body and Regional jets), Technologies (Liquid Coating and Power Coating), Application (Exterior and Interior) End User and By Geography
|
Years Covered |
2020-2028 |
|
CAGR (2022 - 2028) |
5.98% |
|
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 |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Aircraft Paint Market is growing at a CAGR of 5.98% during the forecast period. Commercial aircraft, both new and vintage, are painted with an exclusive type of paint called aircraft paint. The most popular types of paint used for these applications are epoxy and enamel. Although these coatings are frequently expensive, they are thought to be very durable because aircraft operate in challenging conditions. Airlines prefer to have their planes painted to match their designs and colors because aviation paint, unlike other paints used on cars and buildings, fades over time. The number of flights has increased as a result of the growing aviation industry, which has led to more wear and tear on the aircraft.
According to the Aerospace Industries Association (AIA), in 2020, Germany, France, Canada, the UK, and Japan were the foremost destinations for the US's Aerospace & Defense (A&D) exports, including civil aerospace, defense aerospace, & defense non-aerospace.
Market Dynamics:
Driver:
Increasing deliveries of commercial and military aircraft
Increasing commercial and military aircraft deliveries are expected to fuel the aviation industry's expansion, which is anticipated to propel the aircraft paint market during the forecast period. The airlines' purchases of aircraft to accommodate the rising demand for air travel have also skyrocketed. By the end of November 2018, Boeing had a backlog of orders for 5,850 commercial aircraft, while Airbus had a backlog of orders for 7,337 such aircraft. One of the additional factors boosting the global commercial aviation industry and the market for aircraft paint is the growing number of business travelers combined with the rise in airborne cargo.
Restraint:
Rise in the cost of raw materials
Due to the rising costs of crude oil and other petroleum-based goods, the market for aircraft paint is also seeing an increase in the price of raw materials. Since a few years ago, the prices of these raw materials have been rising, and it is anticipated that this trend will continue during the forecast period. In turn, during the projection period, this is anticipated to restrain the market for aircraft paint from expanding.
Opportunity:
Advancement in technology
Solvent-based paints have also been widely used in the exterior painting of aircraft as a result of technological advancements. Aside from that, the constant changes in temperature, air pressure, and UV protection of the airframe are some of the major factors influencing the rise in demand for products with solvent bases. Additionally, the future of the aircraft paint market is anticipated to benefit from the development of new eco-friendly products.
Threat:
Stringent environmental regulations
Due to the volatile nature of the solvents and other chemicals used in the manufacturing process, the market for aircraft paint is governed by strict environmental regulations. In the US and the EU, the Environmental Protection Agency (EPA) is primarily responsible for enforcing these regulations. For instance, the volatile organic compound (VOC) content of aircraft paints is subject to EPA regulations. A maximum of 340 g/L for exterior applications and 420 g/L for interior applications of VOCs are permitted in aircraft paints. Such elements limit market expansion.
Covid-19 Impact
The COVID-19 outbreak is anticipated to moderately restrain the growth of the aircraft paint market in the short term due to the temporary suspension of activities across the aviation sector as a result of governmental restrictions like travel bans and global lockdowns, which have had a negative impact. As a result, since the World Health Organization classified the outbreak as a pandemic that is challenging to contain, air travel has significantly decreased in frequency. A decline in aircraft production and maintenance is anticipated in the near future, even though the pandemic's duration is still unknown. Thus, it is anticipated that all of these factors will restrain the market's expansion for commercial aircraft paint.
The commercial segment is expected to be the largest during the forecast period
During the forecast period, the commercial aircraft segment is anticipated to hold the largest share of the market, continuing its dominance. The demand for air travel is fueled by a number of factors, including high living standards, affordable travel costs, the expansion of the middle class in significant emerging markets, and rising tourism and travel expenditures as a percentage of total consumer spending in developed economies. In order to meet the growing demand for air travel, airlines have acquired an enormous number of aircraft. Thus, continuous production and deliveries of commercial aircraft are expected throughout the forecast period.
The narrow-body segment is expected to have the highest CAGR during the forecast period
Due to the rising demand for narrow-body aircraft and the need to replace many out-of-date mid-size aircraft due to operating efficiency, which has led to a significant increase in production, narrow-bodied aircraft are predicted to experience promising growth. Additionally, the increase in narrow-body aircraft launches over the course of the projection period is also having a positive impact on the market for aviation paint.
Region with largest share:
Over the forecast period, North America is expected to hold the largest market share, and this market dominance will continue in the coming years. The demand for aircraft paints and coatings in the North American region is being driven by factors such as growing government investment in the purchase of fighter jets, growing adoption of advanced technology, and increasing investments in producing technologically advanced aircraft. The market has also grown as a result of rising production of military and commercial jets, helicopters, UAVs, and other aircraft, as well as rising government investment in the creation of next-generation military aircraft.
Region with highest CAGR:
The expansion of the market in the Asia-Pacific region is anticipated to be fueled by rising air travel as well as rising military aircraft purchases by developing nations like China and India during the projection period. Airlines in the area, including China Eastern Airlines and Hainan Airlines, are also adopting elaborate themes to draw in passengers. As a result, the market for paint is expected to grow as all the aircraft must be disassembled and repainted when the theme becomes outdated.
Key players in the market
Some of the key players profiled in the Aircraft Paint Market include 3M Co, Aalberts surface treatment GmbH, AkzoNobel N.V., BASF SE, Brycoat, Inc., DuPont, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., IHI Ionbond AG., Mankiewicz Gebr. & Co., Mapaero Coatings, PG Industries, Inc., PPG Industries Inc., Sherwin-Williams Co, Walter Wurdack Inc and Zircotec Ltd.
Key Developments:
In April 2023, PPG announced the launch of its SEMCO® Sealant Removal, Mixing & Application Kit, a portable, wheeled tool kit for the application and removal of aerospace sealants, adhesives and potting compounds on aircraft at any remote site.
In April 2023, PPG announced the completion of a $15-million investment to enhance its Brazil, Ind., powder coatings production facility. The plant, which employes 90, has been expanded by 20,000 square feet to accommodate two state-of-the-art lines for bonded metallic powder and automated packaging capabilities.
In May 2021, Constant Aviation announced major improvements at its aircraft painting operation at Orlando Sanford International Airport. The paint shop is part of a full-service MRO facility and can accommodate large-cabin aircraft such as the Gulfstream 650, Dassault Falcon 7X and Bombardier Global.
Types Covered:
• Enamel
• Epoxy
Aircraft Types Covered:
• Narrow-body
• Wide-body
• Regional jets
Technologies Covered:
• Liquid Coating
• Power Coating
Applications Covered:
• Exterior
• Interior
End Users Covered:
• Commercial
• Military
• General Aviation
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 2020, 2021, 2022, 2025, and 2028
- 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 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Aircraft Paint Market, By Type
5.1 Introduction
5.2 Enamel
5.3 Epoxy
6 Global Aircraft Paint Market, By Aircraft Type
6.1 Introduction
6.2 Narrow-body
6.3 Wide-body
6.4 Regional jets
7 Global Aircraft Paint Market, By Technology
7.1 Introduction
7.2 Liquid Coating
7.3 Power Coating
8 Global Aircraft Paint Market, By Application
8.1 Introduction
8.2 Exterior
8.3 Interior
9 Global Aircraft Paint Market, By End User
9.1 Introduction
9.2 Commercial
9.3 Military
9.4 General Aviation
10 Global Aircraft Paint Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 3M Co
12.2 Aalberts surface treatment GmbH
12.3 AkzoNobel N.V.
12.4 BASF SE
12.5 Brycoat, Inc.
12.6 DuPont
12.7 Henkel AG & Co. KGaA
12.8 Hentzen Coatings, Inc.
12.9 IHI Ionbond AG.
12.10 Mankiewicz Gebr. & Co.
12.11 Mapaero Coatings
12.12 PG Industries, Inc.
12.13 PPG Industries Inc.
12.14 Sherwin-Williams Co
12.15 Walter Wurdack Inc
12.16 Zircotec Ltd.
List of Tables
1 Global Aircraft Paint Market Outlook, By Region (2020-2028) ($MN)
2 Global Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
3 Global Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
4 Global Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
5 Global Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
6 Global Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
7 Global Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
8 Global Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
9 Global Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
10 Global Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
11 Global Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
12 Global Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
13 Global Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
14 Global Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
15 Global Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
16 Global Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
17 Global Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
18 Global Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
19 North America Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
20 North America Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
21 North America Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
22 North America Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
23 North America Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
24 North America Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
25 North America Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
26 North America Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
27 North America Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
28 North America Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
29 North America Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
30 North America Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
31 North America Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
32 North America Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
33 North America Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
34 North America Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
35 North America Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
36 North America Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
37 Europe Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
38 Europe Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
39 Europe Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
40 Europe Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
41 Europe Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
42 Europe Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
43 Europe Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
44 Europe Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
45 Europe Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
46 Europe Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
47 Europe Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
48 Europe Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
49 Europe Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
50 Europe Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
51 Europe Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
52 Europe Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
53 Europe Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
54 Europe Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
55 Asia Pacific Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
56 Asia Pacific Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
57 Asia Pacific Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
58 Asia Pacific Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
59 Asia Pacific Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
60 Asia Pacific Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
61 Asia Pacific Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
62 Asia Pacific Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
63 Asia Pacific Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
64 Asia Pacific Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
65 Asia Pacific Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
66 Asia Pacific Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
67 Asia Pacific Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
68 Asia Pacific Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
69 Asia Pacific Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
70 Asia Pacific Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
71 Asia Pacific Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
72 Asia Pacific Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
73 South America Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
74 South America Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
75 South America Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
76 South America Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
77 South America Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
78 South America Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
79 South America Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
80 South America Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
81 South America Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
82 South America Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
83 South America Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
84 South America Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
85 South America Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
86 South America Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
87 South America Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
88 South America Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
89 South America Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
90 South America Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
91 Middle East & Africa Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
92 Middle East & Africa Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
93 Middle East & Africa Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
94 Middle East & Africa Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
95 Middle East & Africa Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
96 Middle East & Africa Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
97 Middle East & Africa Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
98 Middle East & Africa Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
99 Middle East & Africa Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
100 Middle East & Africa Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
101 Middle East & Africa Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
102 Middle East & Africa Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
103 Middle East & Africa Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
104 Middle East & Africa Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
105 Middle East & Africa Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
106 Middle East & Africa Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
107 Middle East & Africa Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
108 Middle East & Africa Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
List of Figures
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
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