Market Overview:
The global aircraft paints and coatings market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 4,527.4 Mn by 2030, registering a CAGR of 7.5% from 2018 to 2030. The growth of the global aircraft paints and coatings market can be attributed to the increasing demand for new commercial aircraft across the globe. In addition, the increasing demand for refurbished or retrofitted commercial aircraft is also expected to fuel the growth of the global aircraft paints and coatings market during the forecast period.
Product Definition:
Aircraft paints and coatings are used to protect the airframe, engines, and other components of an aircraft from the elements. They also improve the aircraft's appearance. Aircraft paints and coatings are essential for safety and must meet rigorous performance standards.
Polyurethane:
Polyurethane (PU) is a polymer, which is extensively used in paints and coatings industry. It has high molecular weight that contributes to its excellent physical properties such as abrasion resistance, toughness and flexing endurance. Polyurethane elastomers are widely utilized in the production of gaskets for automotive fuel tanks owing to their low compression set and good impact strength.
Epoxy:
Epoxy resins are synthetic thermosetting polymers, containing an epoxide group. They are available in two forms: anhydrous and pre-mixed. Anhydrous epoxy is manufactured by reacting the resin with no water added; whereas, pre-mixed products have had some water mixed into them to facilitate their application on a substrate.
Application Insights:
OEMs held the largest market share of more than 60% in 2017. The application of aircraft paints and coatings by OEMs is intended to enhance the appearance as well as provide corrosion resistance for aircraft interiors. OEMs are major players in the global aerospace industry and hence, they use these products during production runs or when a new aircraft is delivered.
The demand for aftermarket services pertaining to MRO activities is anticipated to witness significant growth over the forecast period owing to rising maintenance costs associated with airframes, engines, systems & equipment on an average per year basis.
Regional Analysis:
Asia Pacific aircraft paints and coatings market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization, growth in GDP, and increasing per capita income. In addition, rising investments in new manufacturing facilities by various companies are likely to drive the regional demand for aerospace-grade coatings over the forecast period.
The growing aviation industry across emerging economies of Asia Pacific including China and India is anticipated to fuel product demand during the forecast period. The presence of major aircraft OEMs such as Boeing Co., Airbus S.A., Tianjin Jin-Gao Aircraft Manufacturing Co Ltd., etc.
Growth Factors:
- Increasing demand for aircrafts due to rise in air travel
- Growing number of airlines and airports worldwide
- Proliferation of low-cost carriers and increase in passenger traffic
- Stringent safety norms by regulatory authorities across the globe
- Technological advancements in aircraft paints and coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Paints and Coatings Market Research Report
By Type
Polyurethane, Epoxy, Other
By Application
OEM, MRO
By Companies
AkzoNobel (Mapaero), PPG Industries, Sherwin Williams, Mankiewicz, Axalta Coating Systems, Hentzen Coatings, BASF, Indestructible Paint, China Haohua Chemical Group, AVIC New Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Paints and Coatings Market Report Segments:
The global Aircraft Paints and Coatings market is segmented on the basis of:
Types
Polyurethane, Epoxy, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, MRO
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel (Mapaero)
- PPG Industries
- Sherwin Williams
- Mankiewicz
- Axalta Coating Systems
- Hentzen Coatings
- BASF
- Indestructible Paint
- China Haohua Chemical Group
- AVIC New Material
Highlights of The Aircraft Paints and Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane
- Epoxy
- Other
- By Application:
- OEM
- MRO
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Paints and Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft paints and coatings are a type of paint that is used on aircraft to protect them from the elements. They are also used to make the aircraft look nicer.
Some of the major players in the aircraft paints and coatings market are AkzoNobel (Mapaero), PPG Industries, Sherwin Williams, Mankiewicz, Axalta Coating Systems, Hentzen Coatings, BASF, Indestructible Paint, China Haohua Chemical Group, AVIC New Material.
The aircraft paints and coatings market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Paints and Coatings Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Aircraft Paints and Coatings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aircraft Paints and Coatings Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Aircraft Paints and Coatings Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Aircraft Paints and Coatings Market Size & Forecast, 2018-2028 4.5.1 Aircraft Paints and Coatings Market Size and Y-o-Y Growth 4.5.2 Aircraft Paints and Coatings Market Absolute $ Opportunity
Chapter 5 Global Aircraft Paints and Coatings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aircraft Paints and Coatings Market Size Forecast by Type
5.2.1 Polyurethane
5.2.2 Epoxy
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Paints and Coatings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aircraft Paints and Coatings Market Size Forecast by Applications
6.2.1 OEM
6.2.2 MRO
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Paints and Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Paints and Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aircraft Paints and Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Paints and Coatings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aircraft Paints and Coatings Market Size Forecast by Type
9.6.1 Polyurethane
9.6.2 Epoxy
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aircraft Paints and Coatings Market Size Forecast by Applications
9.10.1 OEM
9.10.2 MRO
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aircraft Paints and Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Paints and Coatings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aircraft Paints and Coatings Market Size Forecast by Type
10.6.1 Polyurethane
10.6.2 Epoxy
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aircraft Paints and Coatings Market Size Forecast by Applications
10.10.1 OEM
10.10.2 MRO
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aircraft Paints and Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Paints and Coatings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aircraft Paints and Coatings Market Size Forecast by Type
11.6.1 Polyurethane
11.6.2 Epoxy
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aircraft Paints and Coatings Market Size Forecast by Applications
11.10.1 OEM
11.10.2 MRO
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aircraft Paints and Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Paints and Coatings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aircraft Paints and Coatings Market Size Forecast by Type
12.6.1 Polyurethane
12.6.2 Epoxy
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aircraft Paints and Coatings Market Size Forecast by Applications
12.10.1 OEM
12.10.2 MRO
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aircraft Paints and Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Paints and Coatings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aircraft Paints and Coatings Market Size Forecast by Type
13.6.1 Polyurethane
13.6.2 Epoxy
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aircraft Paints and Coatings Market Size Forecast by Applications
13.10.1 OEM
13.10.2 MRO
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Paints and Coatings Market: Competitive Dashboard
14.2 Global Aircraft Paints and Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel (Mapaero)
14.3.2 PPG Industries
14.3.3 Sherwin Williams
14.3.4 Mankiewicz
14.3.5 Axalta Coating Systems
14.3.6 Hentzen Coatings
14.3.7 BASF
14.3.8 Indestructible Paint
14.3.9 China Haohua Chemical Group
14.3.10 AVIC New Material