The Global Aircraft Paints & Coatings Market size is projected to grow at a CAGR of around 3.98% during the forecast period, 2022-27. According to MarkNtel Advisors Study.
Global 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. For instance:
In the year 2021, the United Arab Emirates (UAE) signed a deal with Dassault Aviation to supply 80 Rafale multirole fighter jets for a total cost of USD18.53 billion.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Aircraft Paints & Coatings Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – PPG Industries, Inc., AkzoNobel N.V., Mankiewicz Gebr. & Co, the Sherwin-Williams Company, BASF SE, Henkel AG & Co. KGaA, Hentzen Coatings, In, Other are looking forward to strengthening their market positions.
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