Aircraft Coatings Market Size and Share | Industry Report 2023-2029

The global aircraft coatings market size was valued at USD 1,994.6 million in 2022 and is poised to grow at a significant CAGR of 4.7% during the forecast period 2023-29. The primary drivers of the expansion of the global aircraft coatings market include the growing aircraft manufacturing industry, increasing preference of air travel among individuals. Increase in substantial expenditure, and improved standards of living in the developing countries is expected to trigger the growth of aircraft coatings market over the forecasted years.

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The aircraft coatings market is segmented based on resin type, technology, end user, aircraft type, application, and geography.

Based on the resin type, the market is segmented into the following:
• Epoxy
• Acrylic
• Polyurethane
• Others

Based on the technology, the market is segmented into the following:
• Liquid Coating
• Powder Coating
• Others

Based on the end user, the market is segmented into the following:
• Original Equipment Manufacturer
• Maintenance Repair & Operations

Based on the aircraft type, the market is segmented into the following:
• Commercial Aircraft
• Military Aircraft
• General Aircraft

Based on the application, the market is segmented into the following:
• Interior
• Exterior

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Based on the end-user, the global Aircraft Coatings market is segmented into original equipment manufacturer, maintenance repair & operations. The maintenance repair & operations segment is expected to account for a larger revenue share in the global aircraft coatings market. The countries in the region like Asia Pacific, Middle East and Africa are focused in constructing maintenance repair & operations centres to develop their infrastructure industry. Thus, providing opportunity to key market players in these regions. As the number of commercial aircraft increases, the business of maintenance repair and operations also increases. Thus, this segment is expected to dominate the aircraft coatings market.

North America Aircraft Coatings Market
The North America aircraft coatings market is expected to increase over the forecast period due to the several market players and aircraft coating & paint manufacturers present in this region. Rapid evolution of industries and manufacturing sectors across the North America region especially in USA and Canada has shown a significant growth in import and export through the air. Thus, driving the aircraft coatings market. In addition, the increase in commercial aviation in USA and Canada is expected to increase the demand and consumption of aircraft coatings in this region. Furthermore, government support is expected to contribute to the increasing demand for aircraft coatings in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.

The global Aircraft Coatings market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2022, PPG announced their partnership with UK airlines and design consultancy Aero brand to provide unique service to the air customers.
In July 2022, Akzo Nobel invested USD 17.7 million in company's aircraft coating facility in pamiers.

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Key players profiles in the Aircraft Coatings Market report are Akzo Nobel N.V., PPG Industries, Inc., Aztron Technologies, Axalta Coating Systems, KC Jones Plating Company, OM Sangyo Co., Ltd., Endura Plating Technology, Twin City Plating, Nickel Composite Coatings Inc., Surteckariya Co., Ltd., Hunger International GmbH.

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This release was published on openPR.