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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 (2015-2025); 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 2019. The industry is further expected to grow at a CAGR of 5% in the forecast period of 2020-2025 to reach a value of around USD 2.3 billion by 2025.
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: 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.
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.
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 (2015-2019)
8.3 Global Aerospace Coatings Market Forecast (2020-2025)
8.4 Global Aerospace Coatings Market by Resin
8.4.1 Polyurethane
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2015-2019)
8.4.1.3 Forecast Trend (2020-2025)
8.4.2 Epoxy
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2015-2019)
8.4.2.3 Forecast Trend (2020-2025)
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 (2015-2019)
8.5.1.3 Forecast Trend (2020-2025)
8.5.2 Powder
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2015-2019)
8.5.2.3 Forecast Trend (2020-2025)
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 (2015-2019)
8.6.1.3 Forecast Trend (2020-2025)
8.6.2 MRO
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2015-2019)
8.6.2.3 Forecast Trend (2020-2025)
8.7 Global Aerospace Coatings Market by Application
8.7.1 Exterior
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2015-2019)
8.7.1.3 Forecast Trend (2020-2025)
8.7.2 Interior
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2015-2019)
8.7.2.3 Forecast Trend (2020-2025)
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 (2015-2019)
8.8.1.3 Forecast Trend (2020-2025)
8.8.2 Commercial Aviation
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2015-2019)
8.8.2.3 Forecast Trend (2020-2025)
8.8.3 General Aviation
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2015-2019)
8.8.3.3 Forecast Trend (2020-2025)
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 (2015-2019)
9.1.2 Forecast Trend (2020-2025)
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 (2015-2019)
9.2.2 Forecast Trend (2020-2025)
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 (2015-2019)
9.3.2 Forecast Trend (2020-2025)
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 (2015-2019)
9.4.2 Forecast Trend (2020-2025)
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 (2015-2019)
9.5.2 Forecast Trend (2020-2025)
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, 2015 and 2025
2. Global Aerospace Coatings Historical Market: Breakup by Resin (USD Billion), 2015-2019
3. Global Aerospace Coatings Market Forecast: Breakup by Resin (USD Billion), 2020-2025
4. Global Aerospace Coatings Historical Market: Breakup by Product (USD Billion), 2015-2019
5. Global Aerospace Coatings Market Forecast: Breakup by Product (USD Billion), 2020-2025
6. Global Aerospace Coatings Historical Market: Breakup by Industry Category (USD Billion), 2015-2019
7. Global Aerospace Coatings Market Forecast: Breakup by Industry Category (USD Billion), 2020-2025
8. Global Aerospace Coatings Historical Market: Breakup by Application (USD Billion), 2015-2019
9. Global Aerospace Coatings Market Forecast: Breakup by Application (USD Billion), 2020-2025
10. Global Aerospace Coatings Historical Market: Breakup by End Use (USD Billion), 2015-2019
11. Global Aerospace Coatings Market Forecast: Breakup by End Use (USD Billion), 2020-2025
12. Global Aerospace Coatings Historical Market: Breakup by Region (USD Billion), 2015-2019
13. Global Aerospace Coatings Market Forecast: Breakup by Region (USD Billion), 2020-2025
14. North America Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2015-2019
15. North America Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2020-2025
16. Europe Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2015-2019
17. Europe Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2020-2025
18. Asia Pacific Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2015-2019
19. Asia Pacific Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2020-2025
20. Latin America Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2015-2019
21. Latin America Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2020-2025
22. Middle East and Africa Aerospace Coatings Historical Market: Breakup by Country (USD Billion), 2015-2019
23. Middle East and Africa Aerospace Coatings Market Forecast: Breakup by Country (USD Billion), 2020-2025
24. Global Aerospace Coatings Market Structure
Key Questions Answered in the Report
In 2019, the global aerospace coatings market attained a value of nearly USD 1.7 billion.
The market is projected to grow at a CAGR of 5% between 2020 and 2025.
The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 2.3 billion by 2025.
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.
The key trends guiding the growth of the market include the rising demand for commercial aircraft and increasing international air passenger traffic.
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.
The major resins of aerospace coatings in the industry are polyurethane and epoxy, among others.
The leading products of aerospace coatings in the market are liquid and powder.
The significant industry categories in the market are OEM and MRO.
The major application segments in the industry are exterior and interior.
The leading end use sectors in the market are military aviation, commercial aviation, and general aviation.
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 2019 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 2020-2025, growing at a CAGR of 5%. The market is projected to reach USD 2.3 billion by 2025.
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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