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Aerospace Coatings Market by Type (Polyurethanes, Epoxy, Silicone, Polyester, Acrylic) by End-user (Commercial Aviation, Military Aviation, General Aviation, Space, Business Aircrafts, Helicopters) by Application (Exterior, Interior)- Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Summary
Table Of Content

Aerospace Coatings Market Analysis

Aerospace Coatings are applied over the aircraft, which offer functional as well as esthetic properties. These coatings are applied both on the interior and exterior of the aircraft. Some coatings are also applied on the base structures such as fuselage frame, wing frame, and tail frame.

These coatings are made of several raw materials such as epoxy, polyurethane, acrylate, along with specific additives and pigments. Global aerospace coatings market was valued at around USD 1,495.87 million in 2020 amid COVID 19 pandemic and expected to reach over USD 3,042.27 million by 2027, growing at a CAGR of over 8.45%.

Interesting Facts about Aerospace Coatings Industry

Over 4,250 million people travel via aeroplanes in the world every year
Active Commercial fleet counts over 25,000 aircrafts around the world
Aerospace Coatings consumption reached over 550 kilo tons in 2019
Aeroplane manufacturers are focused on using high performance coatings for better performance and increased wear & tear
Weight reduction has been remained prime focus of coating manufacturers

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Emergence of China as a prominent player in the aerospace industry is a key contributor to the demand for aerospace coatings in Asia Pacific. Furthermore, rise in maintenance, repair, & overhaul activities have led to a significant increase in demand for aerospace coatings across various regions.

Commercial aircraft dominated the demand for aerospace coatings in 2020. The market for commercial applications is expected to expand during the forecast period due to increase in air traffic and rise in number of air commuters. Business jets also witnessed a high demand for aerospace coatings in 2020. Akzo Nobel N.V. is a leading manufacturer of aerospace coatings in the market. Other notable manufactures include PPG Industries, Mankiewicz GEBR & Co., and Sherwin-Williams Company.

A major source for drag induction in an aircraft is surface drag or skin friction, it accounts for about 55% of the total aerial drag experienced by the aircraft. The remainder, interference drag and form drag, comes from wingtip vortex, design of airplane, turbines, etc. Since a significant portion of the drag is due to skin friction or surface friction, it becomes a significant area of improvement. Drag reduction directly translates to reduced fuel consumption and costs.

A highly effective method is to improvise surface coatings, these aerospace coatings largely help reduce skin friction. Several coating companies are investing considerably in the development of effective and efficient coatings in order to reduce fuel consumption, costs, and carbon footprint on the environment. Furthermore, aerospace coatings offer other advantages such weather protection, corrosion protection, increased durability of the outer surface, esthetic looks and appearances, and radiation protection, apart from the enhancement of fuel efficiency.

Collectively, all these factors have made aerospace coatings imperative to the aerospace industry, and hence, are a key driver for the market, due to the advantages they offer.

Governments across the world are clamping down on the paints & coatings industry due to the large-scale usage of toxic chemicals and VOC content. They have laid down stringent regulations in order to reduce the VOC content of the paints & coatings industry. The European Union has lowered the permissible content of VOC, causing anxiety among manufacturers. There is increasing concern among manufacturers about the cost incurred to implement the reformulations, in order to ensure that coatings meet the permissible VOC content.

The US Environmental Protection Agency (EPA) and the European Union (EU) have set certain limits on VOC for the aerospace coatings industry. Prolonged exposure to VOCs can cause skin and pulmonary problems. Solvents are essential to spread a decorative or protective film over a substrate. They are also vital for the drying of coatings in cold temperature. Typical solvents are ethyl acetate, acetone, aliphatic hydrocarbons, and glycol ethers. The paints & coatings industry is rapidly adopting water-based solvents, due to environmental concerns, cost, and regulations. Water-based aerospace coatings provide greener alternatives for solvent-based aerospace coatings.

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Most manufacturers operating in the global aerospace coatings focus on producing resins such as epoxy, and polyurethane. Manufacturers concentrate on technological advancements to develop innovations in processes optimization. The key criteria is to have advancements in properties of the resins and making them more advanced.

Most manufacturers operating in the aerospace coatings market have focused on epoxy, and polyurethane based aerospace coatings. Key players operating in the global aerospace Coatings market are shifting toward acrylic type of aerospace coatings.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Aerospace Coatings Market

3.Market Dynamics & Factors Analysis

3.1.Introduction
3.1.1. Global Aerospace Coatings Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.End-user
3.3.3.Application
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Aerospace Coatings Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Exterior
6.2.3.Interior
6.3.North America Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Polyurethanes
6.3.3.Epoxy
6.3.4.Silicone
6.3.5.Polyester
6.3.6.Acrylic
6.3.7.Other Types
6.4.North America Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Commercial Aviation
6.4.3.Military Aviation
6.4.4.General Aviation
6.4.5.Space
6.4.6.Business Aircrafts
6.4.7.Helicopters

7.Europe

7.1.Europe Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Exterior
7.2.3.Interior
7.3.Europe Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Polyurethanes
7.3.3.Epoxy
7.3.4.Silicone
7.3.5.Polyester
7.3.6.Acrylic
7.4.Europe Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Commercial Aviation
7.4.3.Military Aviation
7.4.4.General Aviation
7.4.5.Space
7.4.6.Business Aircrafts
7.4.7.Helicopters

8.Asia Pacific

8.1.Asia Pacific Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Exterior
8.2.3.Interior
8.3.Asia Pacific Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Polyurethanes
8.3.3.Epoxy
8.3.4.Silicone
8.3.5.Polyester
8.3.6.Acrylic
8.4.Asia Pacific Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Commercial Aviation
8.4.3.Military Aviation
8.4.4.General Aviation
8.4.5.Space
8.4.6.Business Aircrafts
8.4.7.Helicopters s

9.Latin America

9.1.Latin America Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Exterior
9.2.3.Interior
9.3.Latin America Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Polyurethanes
9.3.3.Epoxy
9.3.4.Silicone
9.3.5.Polyester
9.3.6.Acrylic
9.4.Latin America Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Commercial Aviation
9.4.3.Military Aviation
9.4.4.General Aviation
9.4.5.Space
9.4.6.Business Aircrafts
9.4.7.Helicopters

10.Middle East

10.1.Middle East Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Exterior
10.2.3.Interior
10.3.Middle East Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Polyurethanes
10.3.3.Epoxy
10.3.4.Silicone
10.3.5.Polyester
10.3.6.Acrylic
10.4.Middle East Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Commercial Aviation
10.4.3.Military Aviation
10.4.4.General Aviation
10.4.5.Space
10.4.6.Business Aircrafts
10.4.7.Helicopters

11.Africa

11.1.Africa Aerospace Coatings Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Aerospace Coatings Market, by Application, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Exterior
11.2.3.Interior
11.3.Africa Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Polyurethanes
11.3.3.Epoxy
11.3.4.Silicone
11.3.5.Polyester
11.3.6.Acrylic
11.4.Africa Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Commercial Aviation
11.4.3.Military Aviation
11.4.4.General Aviation
11.4.5.Space
11.4.6.Business Aircrafts
11.4.7.Helicopters

12.Global

12.1.Global Aerospace Coatings Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Interior
12.1.3.Exterior
12.2.Global Aerospace Coatings Market, by End-user, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Commercial Aviation
12.2.3.Military Aviation
12.2.4.General Aviation
12.2.5.Space
12.2.6.Business Aircrafts
12.2.7.Helicopters

13.Company Profiles

13.1.PPG Industries, Inc.
13.2.Akzo Nobel N.V.
13.3.Henkel AG & Co. KGaA
13.4.Mankiewicz Gebr. & Co.
13.5.Hentzen Coatings, Inc.
13.6.BASF SE
13.7.IHI Ionbond AG
13.8.The Sherwin-Williams Company
13.9.Zircotec Ltd.
13.10.Others

List of Figures

FIG. 1Global Aerospace Coatings Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Aerospace Coatings Market Segmentation
FIG. 4Global Aerospace Coatings Market, by Type, 2019 (US$ Bn)
FIG. 5Global Aerospace Coatings Market, by End-user, 2019 (US$ Bn)
FIG. 6Global Aerospace Coatings Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Aerospace Coatings Market Manufacturers, 2019
FIG. 9Global Aerospace Coatings Market Value Contribution, By Type, 2020 & 2027 (Value %)
FIG. 10Global Aerospace Coatings Market, by Interior, Value, 2015-2027 (US$ Bn)
FIG. 11Global Aerospace Coatings Market, by Exterior, Value, 2015-2027 (US$ Bn)
FIG. 12Global Aerospace Coatings Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 13Global Aerospace Coatings Market Value Contribution, By End-user, 2020 & 2027 (Value %)
FIG. 14Global Aerospace Coatings Market, by Commercial Aviation, Value, 2015-2027 (US$ Bn)
FIG. 15Global Aerospace Coatings Market, by Military Aviation , Value, 2015-2027 (US$ Bn)
FIG. 16Global Aerospace Coatings Market, by General Aviation, Value, 2015-2027 (US$ Bn)
FIG. 17U.S. Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 18Rest of North America Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 19U.K. Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 20Germany Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 21France Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 22Rest of Europe Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 23Japan Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 24China Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 25India Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 26Rest of Asia Pacific Aerospace Coatings Market, 2015-2027 (US$ Bn)
FIG. 27Middle East & Africa Aerospace Coatings Market, 2015-2027 (US$ Bn)
Latin America Aerospace Coatings Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Aerospace Coatings) Market

TABLE 2 Global Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 4 Global Aerospace Coatings Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 7 North America Aerospace Coatings Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 10 Europe Aerospace Coatings Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Aerospace Coatings Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 16 Latin America Aerospace Coatings Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 19 Middle East Aerospace Coatings Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Aerospace Coatings Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Aerospace Coatings Market, by End-user, 2015-2027 (US$ Bn)

TABLE 22 Africa Aerospace Coatings Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 PPG Industries, Inc. : Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 24 Akzo Nobel N.V.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 25 Liangliang: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 26 Henkel AG & Co. KGaA.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 27 Mankiewicz Gebr. & Co.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 28 Hentzen Coatings, Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 BASF SE: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 IHI Ionbond AG: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 The Sherwin-Williams Company: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Zircotec Ltd.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Company 11: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 34 Company 12: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 35 Company 13: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently Asked Questions

Which is the leading regional market for Aerospace Coatings?

North America is the largest regional market with highest share in the total volume of Aerospace Coatings consumed in 2020

What is the major growth hindering factors for global Aerospace Coatings market?

High cost, rapidly increasing cost of raw materials has been remained one of the major points of concern for the Aerospace Coatings manufacturers

Which is major segment in Aerospace Coatings market by application?

Exterior segment dominated the consumption of Aerospace Coatings

Which is major segment in Aerospace Coatings market by materials?

Polyurethane was the largest segment of Aerospace Coatings in 2020

How COVID 19 Impacted Aerospace Coatings Market?

COVID 19 has brought down aviation industry to ground in 2020. This in turn resulted into decline of over 20% in demand for aerospace coatings. However, demand is likely to restore in 2021 with revival of operations of aviation industry

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