Aircraft Paint Industry Growth Outlook: 4.8% CAGR and $5.38 Billion by 2029

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What Is the Long-Term Growth Forecast for the Aircraft Paint Market Size 2025?
Over the past few years, the aircraft paint market size has seen a consistent increase. The market value is projected to rise from $4.27 billion in 2024 to $4.46 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.5%. Factors contributing to this growth during the historic period include advances in material science, economic considerations, globalisation, expansion of fleet, and environmental issues.

What CAGR is Forecasted for the Aircraft Paint Market Through 2029?
Anticipating steady advancement, the aircraft paint market is projected to expand to a worth of $5.38 billion by 2029, with a compound annual growth rate (CAGR) of 4.8%. This growth over the forecast period is expected to be fueled by refurbishment and upkeep, aesthetic modifications, increased attention to fuel economy, and aircraft fleet expansion. Notable trends set to shape the market throughout this period encompass digitalization, the advent of antimicrobial and heat-reflective coatings, nanotechnology and advanced coatings.

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What Are the Critical Factors Driving Aircraft Paint Market Development?
The surge in the manufacturing and supply of new aircraft is predicted to stimulate the expansion of the aircraft paint market. Aircraft, such as airplanes, helicopters, and drones, are vehicles engineered for air travel. There is an upsurge in the manufacturing and supply of new aircraft owing to high demand from airlines looking to update their fleets, increase their routes, and cater to the escalating global passenger travel needs. Aircraft paint is primarily used during aircraft production to shield against corrosion and environmental harm and to boost visual appeal. For instance, the Boeing Company, a US-based aircraft industry firm, revealed in June 2023 that the worldwide aviation industry is expected to encounter strong demand, predicting that there will be a need for 42,595 new commercial jets worth $8 trillion by 2042. Furthermore, Airbus and Boeing, OEMs, are predicted to deliver over 1000 aircraft in 2022, according to a CAPA - Centre for Aviation report released in November 2022, and both companies are planning to increase production in 2023. Hence, the growth of the aircraft paint market is being fueled by the upsurge in the manufacturing and supply of new aircraft.

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How Does the Aircraft Paint Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Aircraft Paint Industry?
Leading firms in the aircraft paint industry are concentrating on the creation of groundbreaking products, including aerospace conductive coatings, to improve aircraft performance and security. These aerospace conductive coatings serve as a means of electromagnetic interference (EMI) shielding and static dispersion on airplane components, which aids in the protection of delicate electronic systems and guarantees optimal operation in aerospace settings. For example, Sherwin-Williams, a coating business based in the US, debuted an innovative aerospace conductive coating (CM0485115) to its undercoat product line in November 2023. This gives aircraft proprietors the capacity to provide conductivity to aluminum and composite substrates. It provides a high level of conductivity to non-conductive substrates by creating an anti-static conductive film on their surfaces with a resistivity ranging from 0.1 to 100,000 ohms per square meter to assist in the dissipation of static charges from antennas and radomes. The coating is compatible with all non-electrostatic spray equipment and is suitable for pre-primed aluminum and composite substrates that require high conductivity. It can be applied in a single continuous film or with a cross coat, can adapt to various environmental conditions, and can be air cured or force dried, providing applicators with flexibility.

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Which Players Are Driving Innovation in the Aircraft Paint Market?
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

Which Regions Are Driving Global Aircraft Paint Market Expansion?
North America was the largest region in the aircraft paint market in 2024. 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.

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