Commercial Aerospace Coatings Market held USD 846.4 million in 2020 and is to grow with a CAGR of 5.8 % from 2020-2030. A coating is a covering that is usually referred to as a substratum on the surface of an object. The application of the coating may be functional or decorative or both. The market for commercial aerospace coating is primarily driven by increased aerospace coating demand from various end users, including commercial aviation and general aviation. The increasing trend of lighter and more efficient airplanes has led to the adoption of nanotechnology in aerospace commercial production. In aircraft manufacturing, nanostructure metals are widely used because these metals have better features than larger grain structures, which will fuel the global commercial aerospace coatings market growth.
Market Dynamics and Factors:
Modern light aircraft have a long range of travel and low operating costs, helping to begin long-distance low-budget business models, which fuels the commercial aerospace and commercial aerospace coatings market demand. These business models in turn benefit the carriers' connected city air travel and passenger convenience. Thus, increased passenger travel and economic growth in the emerging countries are likely to increase the worldwide production of commercial aircraft, which will fuel the global commercial aerospace coatings market growth.
Market Segmentation:
Based on the resin type, the global commercial aerospace coatings industry is segmented into polyurethanes, epoxy and others. On the basis of technology, the global market is segmented into liquid and powder. Depending upon the user type commercial aerospace coatings market is classified into MRO and OEM. On the basis of end use sector, global commercial aerospace coatings market is segmented into commercial and general aviation. On the basis of application, global commercial aerospace coatings market is bifurcated into commercial and general aviation. Geographic bifurcation of global commercial aerospace coatings market share includes North America, Europe, Asia-Pacific, and RoW.
Geographic Analysis:
The global commercial aerospace market is growing in the passenger travel aviation segment. Low-cost carriers (LCCs) have proven themselves to be strong competitors on the market, especially in the APAC, Middle East & Africa and South America developing economies. Global airlines such as Qatar Airways (Qatar), Emirates (UAE), and Etihad Airways (UAE) are largest commercial aviation players in the Middle East region and boosting the commercial aerospace coatings market size. These carriers also participate in the majority of passenger travel from Europe to APAC. The highest growth is in the APAC short-haul market. Although LCCs choose mainly widespread aircraft, Boeing and Airbus both predict that demand for single-ail aircraft will increase global commercial aerospace market demand. The number of air traffic users is rising, driving demand for larger aircraft. This demand is expected to fuel the commercial aerospace coatings market.
Competitive Scenario:
The global commercial aerospace coatings market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominating the global commercial aerospace coatings market. The key players of global global commercial coatings market are AkzoNobel N.V, PPG Industries, Inc., Hentzen Coatings, Inc., Sherwin-Williams, Axalta Coating Systems Ltd., Mankiewicz Gebr. & Co., Henkel Corporation., Saint-Gobain S.A., Zircotec Ltd., IHI Ionbond AG., AHC Oberflächentechnik., LORD Corporation., NV Specialty Coatings. and BryCoat Inc.,
Commercial Aerospace Coatings Market Report Scope
Report Attribute | Details |
Analysis Period | 2020–2030 |
Base Year | 2021 |
Forecast Period | 2022–2030 |
Market Size Estimation | Million (USD) |
Growth Rate (CAGR%) | 5.8 % |
| by Resin Type (Polyurethanes, Epoxy), By Technology (Liquid, Powder), By User Type (MRO, OEM), By End User (Commercial, General Aviation), Application (Exterior, Interior) |
Geographical Segmentation | North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa) |
Key Companies Profiled | AkzoNobel N.V, PPG Industries, Inc., Hentzen Coatings, Inc., Sherwin-Williams, Axalta Coating Systems Ltd., Mankiewicz Gebr. & Co., Henkel Corporation., Saint-Gobain S.A., Zircotec Ltd., IHI Ionbond AG., AHC Oberflächentechnik., LORD Corporation., NV Specialty Coatings. and BryCoat Inc., |
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