Aircraft Paints & Coatings Market Forecast 2027: Key Players & Emerging Trends

Amit Kumar
Sep 11
4 min read

Future Aircraft Paints & Coatings Market: Key Dynamics, Size & Share Analysis

The Global Aircraft Paints and Coatings Market is projected to grow at a CAGR of around 3.98% during the forecast period, 2022-27. An increase in the production of new commercial aircraft & military aircraft has contributed to the increase in demand for paints & coatings globally. However, due to the COVID-19 pandemic in 2020, the demand for commercial aircraft nosedived, resulting in declining demand for paints & coatings for the manufacturing of new aircraft. Moreover, with the sustained demand for new military jets, the paint & coating industry witnessed a steady increase in 2021. Some of the key developments in the historical period that had proven to be conducive to the increase in the demand for Aircraft Paints & Coatings Market globally were.

Top Market Challenges Impacting the Aircraft Paints & Coatings Market Growth

Robust Demand for Military Aircrafts to Lead the Growth - The rise in the demand for military aircraft has assisted in increasing the production of military aircraft leading to the surge in demand for the Aircraft Paints and Coating market globally. The high demand for military aircraft is attributed to the extensive investments made by some of the world's largest air forces, such as the US, Russia, India, China, etc., to expand their existing fleet & replace the aging fleet of aircraft to maintain air superiority. Further, military hardware technologies have also tremendously improved with the advent of technologies such as AESA (Advanced Electronically Scanned Array) Radars, Improved avionics, Stealth technologies, etc. These improvements have made the older generation military aircraft significantly vulnerable to the newer generation of aircraft. Moreover, the rising number of new technologies for the up-gradation of older generation jets as well as the fresh purchase of new military aircraft has been increased globally, which further resulted in escalating the market growth.

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Understanding the Core Segments in the Aircraft Paints & Coatings Market

Aircraft Paints & Coatings Market Size, Share & Industry Trends Analysis- By Resin Type (Polyurethane, Epoxy, Others (Silicone, Polyester, and Acrylic)), By Technology (Water-based, Solvent-based, Powder Coating), By Demand Type (OEM, MRO), By End-user Industry (Commercial Aviation, Military Aviation, Civil Aviation), By Application (Interior, Exterior).

Geographical Analysis of the Aircraft Paints & Coatings Market

By Region

North America
South America
Europe
Middle East & Africa
Asia Pacific.

North America, with its high manufacturing of aircraft for domestic & export purposes, has grabbed a significant market share for the Aircraft Paints & Coating Market during 2017-2021.

Who Dominates the Aircraft Paints & Coatings Market Insights on Key Industry Players?

Companies are strengthening their presence in the Aircraft Paints & Coatings market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

PPG Industries, Inc.
Akzonobel N.V.,
Mankiewicz Gebr. & Co
The Sherwin-Williams Company
BASF SE
Henkel AG & Co. KGaA
Hentzen Coatings, Inc.
IHI Ionbond AG
Aalberts surface treatment GmbH
Zircotec Ltd.
Mapaero
DuPont
3M Co
Walter Wurdack Inc
Brycoat, Inc.
Others.

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