Aircraft Paints & Coatings Market Poised for Robust Growth, forecasted to Expand at 3.98% CAGR from 2022-27

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Aircraft Paints and Coatings Market is projected to grow at a CAGR of around 3.98% during the forecast period, 2022-27.

Report Coverage

This report offers a comprehensive analysis of the Aircraft Paints & Coatings Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2021
• Forecast Years: 2022-27
• Historical Years: 2017-20

Aircraft Paints & Coatings Market Overview

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.

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Aircraft Paints & Coatings Market Segmentation Outlook

The Aircraft Paints & Coatings is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

By Region

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

Aircraft Paints & Coatings Market Driver

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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Top Aircraft Paints & Coatings Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies PPG Industries, Inc., AkzoNobel N.V., Mankiewicz Gebr. & Co, the Sherwin-Williams Company, BASF SE, Henkel AG & Co. KGaA, Hentzen Coatings, In, Others as key players shaping the market landscape.

Aircraft Paints & Coatings Market News

• In 2021, the US government signed a contract with the UAE to provide 50 American F-35 fighter aircraft, 18 MQ-9B drones, and various munitions with a total investment of USD23 billion.
• In 2020, AkzoNobel, in collaboration with Azul Airlines, created a whole new paint scheme for Embraer 195 E2. The new aircraft is named ‘Blue Macaw’.
• In 2018, the Estonia-based integrated MRO facility hanger for aircraft was expanded by 1628 sq.m. by Magnetic MRO for Airbus A320. The expansion project collaborated with AkzoNobel for MRO & Paint repair services.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2027?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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