Press release
Key Aircraft Paint Market Trend for 2025-2034: Advancements In Aerospace Conductive Coatings Enhances Aircraft Safety And Functionality
Aircraft Paint Market Growth
The size of the aircraft paint market has seen robust growth in the past few years. The market that was at $4.27 billion in 2024 is predicted to increase to $4.52 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. The expansion during the historic period is a result of advancements in material science, economic elements, globalization, fleet growth, and environmental considerations.
Anticipated robust expansion is on the horizon for the aircraft paint market in the upcoming years. An increase to $5.62 billion in 2029 is predicted, featuring a compound annual growth rate (CAGR) of 5.6%. The surge during this projected period is attributable to enhancements in renovation, maintenance, aesthetic modification, increased emphasis on fuel effectiveness, and the expansion of the aircraft fleet. Key trends for the speculative period comprise digitalization, the use of antimicrobial coatings, heat-reflective coatings, the application of nanotechnology, and avant-garde coatings.
What Is Contributing to the Growth of the Aircraft Paint Market?
The aircraft paint market is set for expansion, driven by the increased production and delivery of new aircraft. In the aviation industry, aircraft refer to vehicles capable of air travel, which includes planes, helicopters, and drones. Improved demand from airlines wishing to update their fleets, expand their service routes, and accommodate growing global passenger travel requirements, is fueling the rise in production and delivery. The primarily protective and aesthetic role of aircraft paint against corrosion and environmental impact during the aircraft manufacturing process is significant. The Boeing Company, a US aircraft industry giant, stated in June 2023 that robust demand is forecasted in the global aviation space, predicting a requirement of 42,595 new commercial jets with a $8 trillion value by 2042. Furthermore, a November 2022 report from CAPA - Centre for Aviation showed that Original Equipment Manufacturers (OEMs) Airbus and Boeing are expected to deliver over a thousand aircraft in 2022, with further increased production forecasted for 2023. As such, the aircraft paint market is positively influenced by the heightened production and delivery of new aircraft.
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Which Key Market Leaders Are Driving Aircraft Paint Industry Growth?
Major companies operating in the aircraft paint market are Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Jotun Aerospace, Nihon Parkerizing Co. Ltd., Chemetall, Mankiewicz Gebr. & Co., Satys, IHI Ionbond AG, Hentzen Coatings Inc., Novaria Group, Mapaero Inc., HMG Aerospace, Nycote Laboratories Corporation, BASF Coatings GmbH, Resoltech, Zircotec, Altech Anodizing Ltd., Zircotec Ltd., GKN Aerospace Chem-Tronics Inc., Chromalloy Gas Turbine LLC, Permagard Inc., JetCote
What Are the Emerging Trends in the Aircraft Paint Industry?
Leading industry players in the aircraft paint market are focused on the creation of cutting-edge products, for example, aerospace conductive coatings, with the aim to boost aircraft safety and functionality. These coatings serve as electromagnetic interference (EMI) shielding and static dissipators on aircraft components, thus providing protection to delicate electronic systems and ensuring efficient operation in aerospace conditions. Sherwin-Williams, a coating company based in the United States, exemplified this strategy when they launched an aerospace conductive coating (CM0485115) to their undercoats range in November 2023. This coating empowers aircraft owners to introduce conductivity to aluminum and composite substrates. Distinguished by its ability to create an anti-static conductive film on non-conductive substrates, the coating features a resistivity of 0.1 to 100,000 ohms per square meter, facilitating static charge dissipation from antennas and radomes. The coating is compatible with all non-electrostatic spray equipment, is suitable for pre-primed aluminum and composite substrates, can be applied in a single continuous film or with a cross coat, is flexible to different environmental conditions, and can be air-dried or force-dried-providing applicators a good deal of flexibility.
What Are the Main Segments in the Aircraft Paint Market?
The aircraft paint market covered in this report is segmented -
1) By Type: Liquid Coating, Powder Coating
2) By Application: Exterior, Interior
3) By End-User: Commercial, Military, General Aviation
Subsegments:
1) By Liquid Coating: Solvent-Based Liquid Coatings, Water-Based Liquid Coatings
2) By Powder Coating: Thermoset Powder Coatings, Thermoplastic Powder Coatings
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Which Geographic Area Leads the Aircraft Paint Market?
North America was the largest region in the aircraft paint market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Aircraft Paint Global Market Report?
- Market Size Analysis: Analyze the Aircraft Paint Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Paint Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Paint Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Paint Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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