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Global Aerospace Coatings Market: By Resin: Polyurethane, Epoxy; By Product: Liquid, Powder; By Industry Category: OEM, MRO; By Application: Exterior, Interior; By End Use: Military Aviation, Commercial Aviation, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Aerospace Coatings Market Outlook

The global aerospace coatings market reached a value of USD 1.7 billion in 2020. The industry is further expected to grow at a CAGR of 5% in the forecast period of 2021-2026 to reach a value of around USD 2.3 billion by 2026.

 

Aerospace Coatings Market

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North America Leading the Global Market for Aerospace Coatings

North America is currently dominating the global aerospace coating industry and is likely to lead the global market in the forecast period as well. The growth in the region is being driven by the rising commercial aviation in the regional markets like the United States and Canada. The prominent presence of major players in the region is also aiding the market growth.

Rapid urbanisation, as well as economic improvements, have resulted in the increased aircraft production and strategic sales in economies such as Russia, India, Sweden, and China. This has resulted in the higher consumption of aerospace coatings due to the increased demand and the subsequent production of aircraft.

 

Aerospace Coatings Market by Application

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Aerospace Coatings: Industry Definition and Segmentation

Aerospace coatings are the materials used to boost the performance and to protect the interior and exterior of the aircraft. The coatings are designed in such a way that the fluctuations in temperature and air pressure can be covered. They allow surface defence against UV radiation at higher altitudes, preserves temperature variations, and offer greater resistivity to corrosion. 

Based on resin, the market can be divided into the following:

  • Polyurethane
  • Epoxy
  • Others

By product, the industry can be divided into the following:

  • Liquid
  • Powder

Based on industry category, the market can be divided as follows:

  • OEM
  • MRO

It finds applications in the following segments:

  • Exterior
  • Interior

The end-uses can be segmented as follows:

  • Military Aviation
  • Commercial Aviation
  • General Aviation

The regional markets for aerospace coatings can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Aerospace Coatings Market by Region

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Rising Demand for Commercial Aircraft Bolstering the Market Growth

The demand for aerospace coatings is being driven by the thriving demand for commercial aircraft throughout the world. Travelling by air has become an affordable option for most of the population, especially in developing countries. Consumers in the developing regions now prefer modes of transportation that are convenient as well as provide speed. Efficient and lightweight aircraft have now initiated short route operations in the developing countries as well. This is boosting the demand for aerospace coatings. Increased international air passenger traffic has triggered the demand for commercial aircraft and, thus, increased the production of commercial aircraft. The considerable growth of the aerospace coatings industry is significantly influenced by the scenario for aviation production and the growing fleet size.

 

Key Industry Players in the Global Aerospace Coatings Market

The report gives a detailed analysis of the following key players in the global aerospace coatings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Akzo Nobel N.V.
  • BASF Corporation
  • Hentzen Coatings, Inc
  • PPG Industries, Inc.
  • BryCoat Inc.
  • IHI Ionbond AG
  • Mankiewicz Gebr. & Co
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Resin, Product, Industry Category, Application, End Use, Region
Breakup by Resin Polyurethane, Epoxy, Others
Breakup by Product Liquid, Powder
Breakup by Industry Category OEM, MRO
Breakup by Application Exterior, Interior
Breakup by End Use Military Aviation, Commercial Aviation, General Aviation
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Akzo Nobel N.V., BASF Corporation, Hentzen Coatings, Inc, PPG Industries, Inc., BryCoat Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Aerospace Coatings Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Aerospace Coatings Historical Market (2016-2020) 
    8.3    Global Aerospace Coatings Market Forecast (2021-2026)
    8.4    Global Aerospace Coatings Market by Resin
        8.4.1    Polyurethane
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Epoxy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Others
    8.5    Global Aerospace Coatings Market by Product
        8.5.1    Liquid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Powder
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Aerospace Coatings Market by Industry Category
        8.6.1    OEM
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    MRO
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Aerospace Coatings Market by Application
        8.7.1    Exterior
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Interior
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Aerospace Coatings Market by End Use
        8.8.1    Military Aviation
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Commercial Aviation
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    General Aviation
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
    8.9    Global Aerospace Coatings Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Akzo Nobel N.V.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    BASF Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Hentzen Coatings, Inc
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    PPG Industries, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    BryCoat Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    IHI Ionbond AG
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Mankiewicz Gebr. & Co
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Aerospace Coatings Market: Key Industry Highlights, 2016 and 2026
2.    Global Aerospace Coatings Historical Market: Breakup by Resin (USD Billion), 2016-2020
3.    Global Aerospace Coatings Market Forecast: Breakup by Resin (USD Billion), 2021-2026
4.    Global Aerospace Coatings Historical Market: Breakup by Product (USD Billion), 2016-2020
5.    Global Aerospace Coatings Market Forecast: Breakup by Product (USD Billion), 2021-2026
6.    Global Aerospace Coatings Historical Market: Breakup by Industry Category (USD Billion), 2016-2020
7.    Global Aerospace Coatings Market Forecast: Breakup by Industry Category (USD Billion), 2021-2026
8.    Global Aerospace Coatings Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Aerospace Coatings Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Aerospace Coatings Historical Market: Breakup by End Use (USD Billion), 2016-2020
11.    Global Aerospace Coatings Market Forecast: Breakup by End Use (USD Billion), 2021-2026
12.    Global Aerospace Coatings Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Aerospace Coatings Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Global Aerospace Coatings Market Structure

Key Questions Answered in the Report

What was the global aerospace coatings market size in 2020?

In 2020, the global aerospace coatings market attained a value of nearly USD 1.7 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.3 billion by 2026.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, rising commercial aviation, rising fleet size, and rapid urbanisation, are expected to aid the market growth.

What are the key industry trends of the global aerospace coatings market?

The key trends guiding the growth of the market include the rising demand for commercial aircraft and increasing international air passenger traffic.

What are the major regional markets of aerospace coatings, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

What are the major resins of aerospace coatings in the industry?

The major resins of aerospace coatings in the industry are polyurethane and epoxy, among others.

What are the leading products of aerospace coatings in the market?

The leading products of aerospace coatings in the market are liquid and powder.

What are the significant industry categories in the market?

The significant industry categories in the market are OEM and MRO.

What are the major application segments in the industry?

The major application segments in the industry are exterior and interior.

What are the leading end use sectors in the market?

The leading end use sectors in the market are military aviation, commercial aviation, and general aviation.

Who are the key industry players, according to the report?

The major players in the industry are Akzo Nobel N.V., BASF Corporation, Hentzen Coatings, Inc, PPG Industries, Inc., BryCoat Inc., IHI Ionbond AG, and Mankiewicz Gebr. & Co, among others.

Analyst Review

The global aerospace coatings market attained a value of USD 1.7 billion in 2020 driven by the growing commercial aviation sector. Aided by the rising fleet size, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%. The market is projected to reach USD 2.3 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By resin, the market is divided into polyurethane and epoxy, among others. Based on product, the industry is segmented into liquid and powder. On the basis of industry category, the market is divided into OEM and MRO. By application, the industry is categorised into exterior and interior. The major end use sectors in the market are military aviation, commercial aviation, and general aviation. The major regional markets for aerospace coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share. The key players in the above market include Akzo Nobel N.V., BASF Corporation, Hentzen Coatings, Inc, PPG Industries, Inc., BryCoat Inc., IHI Ionbond AG, and Mankiewicz Gebr. & Co, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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