openPR Logo
Press release

Aero-Engine Coatings Market to reach US$ 1.2 billion in 2024

02-18-2019 09:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Aero-Engine Coatings Market to reach US$ 1.2 billion in 2024

Stratview Research announces the launch of a new research report on Aero-Engine Coatings Market by Aircraft Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, and Helicopter), by Engine Type (Turbofan Engine, Turbojet Engine, Turboprop Engine, and Turboshaft Engine), by Process Type (Spray Process, EBPVD Process, and Others), by Form Type (Powder Coating, Liquid Coatings, and Wired Coatings), by Application Type (Turbine Section, Combustion Section, Compressor Section, Afterburner Section, and Bearings & Accessories), and by Region (North America, Europe, Asia-Pacific, and Rest of The World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

This strategic assessment report, from Stratview Research, provides comprehensive analysis that reflects today’s aero-engine coatings market realties and future market possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most detailed manner in order to provide panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.

The Aero-Engine Coatings Market: Highlights

Aero-engines are getting hotter day by day in order to address the airlines’ ever-lasting demand for aircraft that consumes lesser fuel and emits lower carbon oxide and nitrogen oxide. Aero-engine sections, especially, turbine and combustor, are experiencing temperatures above 3,000-degree Fahrenheit. Superalloys used in these sections generally melt at temperatures hundreds of degrees lower. Here, coatings play a pivotal role in surviving these parts from such extreme temperatures. The purpose of coatings is to not only to protect engine parts from such high temperatures but also protect them against oxidation, corrosion, wear, erosion, and fouling. In an aero-engine, different types of coatings are applied on different components. For example; turbine blades are coated with thermal barrier coatings to allow components to operate at a higher temperature while limiting the thermal exposure of components and providing oxidation resistance to the parts leading to its increased lifespan.

Click here to view Table Of Contents: https://www.stratviewresearch.com/toc/471/aero-engine-coatings-market.html

OR

Request a Sample here: https://www.stratviewresearch.com/Request-Sample/471/aero-engine-coatings-market.html

The market outlook of aero-engine coatings for the next five years seems auspicious with favorable growth opportunities in the entire ecosystem of the market. The coatings market for aero-engines is projected to grow at an excellent rate in the coming five years to reach an estimated value of US$ 1.2 billion in 2024. Development of high-thrust engines coupled with the requirement of high-performance coatings and coatings on complex-shaped engine parts are driving the coating suppliers to develop new coating systems as well as sophisticated deposition techniques.

Several factors are stimulating the demand for coatings in aero-engines among which organic growth of the aerospace industry, incorporation of advanced materials in the crucial sections of engines, and advancements in the coating systems and techniques are foremost ones, positively driving the growth of the market.

Aero-engine OEMs keep looking for advanced materials with an aim to improve fuel efficiency, reduce MRO cost, and high lifespan. Several advanced materials including titanium and ceramic matrix composites are strategically incorporated by OEMs in their latest engine series to maximize the benefits.

Such adoption in the material mix is shuffling the dynamics of the aero-engine coatings market. Major coating suppliers are working for the development of advanced coating systems addressing the industry requirements. For an instance; development of oxidation-resistant coatings from titanium aluminide, latter is approved for high-pressure compressor sections of the next-generation engines.

Incessant increase in the air passenger traffic is motivating the major airframer to increase the production of their key aircraft programs in order to address the growing demand across the world. Since 2010, the commercial aircraft industry has been growing by registering a remarkable increase in aircraft delivery. The industry touched the unprecedented landmark of the commercial aircraft delivery of 1,586 units in 2018. It is further anticipated that there would be an incessant increase in the commercial aircraft deliveries in near future as Boeing and Airbus, the two commercial aerospace giants, have colossal plans to raise the production rates of their key aircraft programs. This trend is imprinting positive developments in the entire supply chain including coatings business for aero-engines.

Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB to support rising passenger traffic; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); advancements in the fabrication process of different aero-engine components; and market entry of new aircraft (C919 and MC-21) are primarily driving the demand for aero-engine coatings in the commercial aircraft segment.

Based on the engine type, the aero-engine coatings market is segmented into turbofan engine, turbojet engine, turboprop engine, and turboshaft engine. Turbofan engine is expected to remain the dominant and fastest growing segment of the market during the forecast period. Turbofan engine preferably used in commercial aircraft, regional aircraft, and business jets. Rise in passenger traffic across the globe has led to an increased demand for the key commercial aircraft programs, such as B737, A320, B787, and A350XWB, which, in turn, is driving the demand for turbofan engines including coating materials for their engine components.

On the basis of the form type, the aero-engine coatings market is segmented into powder coating, liquid coating, and wired coating. Powder coatings are expected to remain the dominant and fastest-growing segment of the market during the forecast period. Powder coatings deliver cost-effective solutions with improved performance. Further, these coating materials are free from volatile organic compounds unlike solvent-based coatings, which results in its significant demand in the aero-engine coatings market.

Based on the application type, the aero-engine coatings market is segmented into turbine section, combustion section, compressor section, afterburner section, and bearings & accessories. Turbine section is expected to remain the dominant and fastest-growing segment of the market during the forecast period. High-pressure turbines of an aero-engine undergo the most severe conditions as they rotate at more than 10,000 rpm. In these extreme conditions, turbine blades may suffer from oxidation and corrosion. In order to avoid degradation of blades, oxidation resistance coatings and thermal barrier coatings are applied upon them as well as in other components of the turbine section.

In terms of region, North America is projected to remain the largest market for aero-engine coatings during the forecast period. All the major aero-engine suppliers, such as GE Aviation, CFM International, and Pratt & Whitney, have their engine assembly plants in the region to address the teething issues of aircraft OEMs. The USA is the growth engine of the region’s market and has one of the largest fleets of commercial aircraft across the world. The country also owns the largest fleet of the military, regional, and general aviation aircraft. Presence of all major aircraft OEMs, aero-engine OEMs, tier players, aero-engine coating suppliers, and raw material suppliers are primarily driving the aero-engine coatings market in the region.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus for B737, A320, and A330 in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and increasing aircraft fleet size.

The supply chain of this market comprises raw material suppliers, aero-engine coating manufacturers, coating service providers, engine tier players, engine OEMs, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The key players in the aero-engine coatings market are Praxair Inc., OC Oerlikon Corporation AG, Chromalloy Gas Turbine LLC, PPG Industries Inc., Akzo Nobel N.V., and Dowdupont Inc. The development of high-performance coatings, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The aero-engine coatings market is segmented into the following categories.
Aero-Engine Coatings Market, By Aircraft Type:
• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aero-Engine Coatings Market, By Engine Type
• Turbofan Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Turbojet Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Turboprop Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Turboshaft Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aero-Engine Coatings Market, By Process Type
• Spray Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• EBPVD Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aero-Engine Coatings Market, By Form Type
• Powder Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Liquid Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wired Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aero-Engine Coatings Market, By Application Type
• Turbine Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Combustion Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compressor Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Afterburner Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bearings & Accessories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aero-Engine Coatings Market, By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Poland, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, Singapore, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, Middle East, and Others)

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
Email-sales@stratviewresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aero-Engine Coatings Market to reach US$ 1.2 billion in 2024 here

News-ID: 1594948 • Views:

More Releases from Stratview Research

Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports Stratview Research
Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports …
Stratview Research, a leading global market research firm, forecasts that the global Semiconductor Vacuum Valve market will grow at an annual rate of 6.7%, reaching US$ 1.0 billion by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3932/semiconductor-vacuum-valve-market.html#form Key Report Highlights: • Market Size by 2031: US$ 1.0 billion • Growth Rate
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview Research
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview …
Stratview Research, a leading global market research firm, forecasts that the global Small Satellites market will grow at an annual rate of 2.2%, reaching US$ 7.7 billion by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1920/small-satellites-market.html#form Key Report Highlights: • Market Size by 2030: US$ 7.7 billion • Growth Rate (CAGR):
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratview Research
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratvi …
Stratview Research, a leading global market research firm, forecasts that the global Hard Body Armor market will grow at an annual rate of 3.2%, reaching US$ 2,271.2 million on by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3253/hard-body-armor-market.html#form Key Report Highlights: • Market Size by 2031: US$ 2,271.2 million • Growth
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratview Research
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratvie …
Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/853/3d-printing-powder-market.html#form Key Report Highlights: • Market Size by 2028: US$ 5.8 billion • Growth Rate

All 5 Releases


More Releases for Region

Lactase Market Leaders, Region, Product & Application
Persistence Market Research (PMR) has published a research report titled "Lactase Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025." The report states that the global market for lactase is expected to be impacted by the growing application of lactase enzyme and its various benefits. The increasing awareness among people is further expected to bode well for the growth of the market in the coming years. According to PMR, the global
Medical Marijuana Market - (region Name) Is The Leading Region In The Global Ind …
Zion Market Research Offers an 8-Year Forecast In 110+ Pages Research Report Titled "Medical Marijuana Market by Product (Dried Form and Extract Form), by Application (Pain Management, Seizure, and Others), and by Distribution Channel (Retail Pharmacy and E-Commerce): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024" Between Forecasting Years. The main objective of this Male Infertility Treatment Market report is to offer update and information on the market
Mountain Bike Market - Europe Region Shows Highest Market Share followed by the …
Global Mountain Bike Market: Overview A mountain bicycle, commonly referred to as mountain bike, is meant for off-road cycling. It exhibits greater durability and performance in choppy terrains and is typically ridden on mountainous regions which have hard rocks, loose dirt, muddy or grassy tracks, and steep slopes. The sales of mountain bikes have steadily risen over the course of years with new players entering it with new and better products. Get
Pajamas Market 2025 | Market Forecast by Product, Application & Region, Cost Str …
Pajamas Market Overview Reports Monitor has deployed a patented Pajamas Market. research methodology that is the complete concoction of meticulous primary and secondary research together with the entrust of the industry specialists. The research study and number crunching then persist a multi-layer authentication process to clean up all the required quantitative and qualitative insights that could profit business by directly striking the long-term decisions. This research methodology has been applied to examine the Pajamas market
US Men’s Underwear Market 2026 |Industry Key Regions : Northeast, West region, …
As the large amount of data is being generated everyday by companies all over the world, a new research study titled “Men’s Underwear Market: Increasing Number of Metrosexual Men in the U.S. Anticipated to Fuel Revenue Growth of the Boxer Shorts Segment During the Forecast Period: U.S. Industry Analysis and Opportunity Assessment, 2016-2026” has been generated and recently added into the vast database of Market Research Reports Search Engine (MRRSE).
Data Center Construction Market In Nordic Region Shows Rapid Growth Through Incr …
MarketResearchReports.biz hosts a collection of high-demand market intelligence reports on multiple sectors, including within the global ICT industry. One of the latest research reports to be added in this repertoire is “Data Center Construction Market In Nordics 2016-2020,” which is an 82 paged document that addresses the key factors that are responsible for the growth of this market. The Nordic region is experiencing a rapid rate of growth in the fields