AEROSPACE COATING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

Aerospace coating market is expected to witness steady growth due to increasing aircraft deliveries and rising maintenance, repair and overhaul (MRO) activities globally. North America currently dominates the market followed by Europe, owing to high air traffic and presence of major aircraft OEMs and MRO service providers in the region. Development of lightweight and durable coating systems offering better heat resistance and corrosion protection can reduce aircraft fuel costs and emissions.

Rise in raw material prices amid supply chain disruptions post pandemic remain a key challenge for coatings manufacturers. However, commercial aviation industry's recovery to pre-covid levels along with upcoming large aircraft programs can sustain demand for advanced aerospace coatings. The market is expected to move towards solvent-free and waterborne coating solutions complying with stringent environmental regulations. High capital requirement for specialized application equipment may act as an entry barrier for smaller players. Infrastructural developments across emerging countries like China and India drives aircraft fleet modernization programs offering opportunities for international manufacturers.