AEROSPACE COATING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global aerospace coating market is estimated to be valued at US$ 3.36 Bn in 2024 and is expected to reach US$ 5.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Coatings play a pivotal role in aerospace applications by protecting aircraft structures and components from corrosion, extreme temperatures, UV radiation and other environmental factors. These enhance the durability and lifespan of various aircraft parts while maintaining optimal aerodynamics. Advances in nanotechnology have led to the development of novel coating materials like biomimetic and self-healing properties with improved performance characteristics. Rising demand for next-gen aircraft from both commercial and military sectors can boost greater consumption of advanced protective coatings globally.
The market growth is driven by increasing aircraft procurement for fleet expansion and replacement of aging aircraft. Increase in air passenger traffic and freight volumes has compelled airliners to invest in newer aircraft. However, stringent environmental regulations concerning VOC emissions from coating products can hamper the market growth. Development of bio-based and environment-friendly coating solutions presents an opportunity. Growing MRO activities worldwide can boost demand for these coatings.
Key Features of the Study
- This report provides in-depth analysis of the global aerospace coating market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aerospace coating market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include The Sherwin-Williams Company, Socomore, AkzoNobel N.V., PPG Industries, Hentzen Coatings, Inc, Axalta Coating Systems, KC Jones Plating Company, IHI Ionbond AG, BASF SE, Saint-Gobain SA, Mapaero, Bryocat, and Zircotec
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global aerospace coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aerospace coating market
Market Segmentation
Market Segmentation
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