Insights into Aerospace Coatings Trends: Market Analysis and Key Competitors

 IMARC Group, a leading market research company, has recently released a report titled “Aerospace Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global aerospace coatings market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Aerospace Coatings Market?

The global aerospace coatings market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.27% during 2 023-2028.

What are Aerospace Coatings?

Aerospace coatings, also known as aircraft paints, are made using several layers of materials to improve aircraft performance and efficiency. These coatings offer resistance against corrosion and ultraviolet (UV) rays and can withstand high temperatures, which helps to increase the aircraft's lifespan. As a result, aerospace coatings are used to protect the exteriors of planes from harsh weather conditions, reduce in-flight drag on wings, prevent surface icing, improve durability, facilitate vacuum-suction waste evacuation, etc. They are also utilized in keeping cool the interior parts, such as ceiling panels, sidewalls, galley carts, seats, etc.

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What are the Growth Prospects and Trends in the Aerospace Coatings Industry?

A significant rise in the demand for commercial aviation is driving the aerospace coatings market. The expanding e-commerce sector and the growing travel and tourism industry are contributing to the product demand. Furthermore, increasing levels of globalization are encouraging the adoption of private jets for business travel, thereby augmenting the market growth. Additionally, with the elevating international border disputes, various governing agencies are procuring advanced military warplanes. Moreover, numerous key players are developing UV-cured aerospace coatings to minimize the emissions of volatile organic compounds (VOCs), thereby bolstering the global market. Besides this, the wide utilization of chrome-free technologies and lightweight materials to reduce weight and fuel consumption is anticipated to fuel the market growth in the coming years.

Who are the Key Players Operating in the Aerospace Coatings Market?

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Aalberts Surface Treatment GmbH
• Akzo Nobel N.V.
• Axalta Coating Systems Ltd.
• Henkel AG & Co. KGaA
• Hentzen Coatings Inc.
• IHI Ionbond AG
• Mankiewicz Gebr. & Co. (GmbH & Co. KG)
• PPG Industries Inc.
• Saint-Gobain S.A.
• The Sherwin-Williams Company
• Zircotec Ltd.

What is Included in Market Segmentation?

The report has categorized the market based on resin type, product form, application, aircraft type, end user and region.

Breakup by Resin Type:

• Epoxy
• Acrylic
• Polyurethane
• Others

Breakup by Product Form:

• Liquid
• Powder
• Others

Breakup by Application:

• Exterior
• Interior

Breakup by Aircraft Type:

• Commercial
• Military
• Others

Breakup by End User:

• Original Equipment Manufacturers (OEMs)
• Maintenance, Repair and Overhaul Companies (MRO Companies)

Regional Analysis:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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