Aerospace Coatings Market Size

The growing air passenger traffic is driving the market growth

The rising number of air passengers is driving Market CAGR for Aerospace Coating. Worldwide air passenger traffic growth has boosted the commercial aircraft requirement, raising the commercial aircraft manufacturing level. The situation for aircraft manufacturing and the growing size of the fleet is strongly related to the market's significant expansion. Aerospace coatings have major potential as aircraft sales and production rise, especially in emerging nations. The worldwide airplane fleet has grown dramatically due to increased aircraft deliveries from leading manufacturers, which has fueled the aerospace coatings market's expansion.

The demand for MRO of different parts, components, and systems is anticipated to rapidly increase along with the development in aerospace demand as more aircraft are deployed.

Additionally, airlines continuously prioritize lowering maintenance costs and boosting durability for an extended component lifecycle, a key factor driving the market for coatings. Additionally, the market demand is supported by the advancement of environmentally friendly water-based coatings due to a progressive move away from conventional solvent-based paint systems and coatings. The market demand is growing phenomenally by replacing conventional spray-applied coatings with new coating technologies, such as employing film coatings on molds.

Due to COVID-19, numerous businesses in numerous industries suffered, including businesses in the market for aerospace coatings. As the market for new aircraft decreased, many producers of aerospace coatings were compelled to either drastically reduce their output or temporarily or permanently shut down their operations. Post-pandemic demand for air traffic increased, especially in emerging nations leading to a subsequent boost in the overall market.

For instance, in 2020, Airbus delivered 566 commercial aircraft, 446 of which belonged to the A320 series. The business proactively created an e-delivery system that will account for over twenty-five percent of its shipments in 2020 to get around pandemic-related travel limitations. As a result, it is anticipated that demand for aerospace coating will increase throughout the projection period due to the rising air passenger traffic. Thus, driving the Aerospace Coating market revenue.

In 2021, PPG introduced the PPG BOUNDLESS CA6500 topcoat series to the general aviation and light aircraft markets. This tint-based topcoat allows for faster color matching and a wide range of colors to be achieved. It also dries quickly and emits low levels of VOC.

In 2019, AkzoNobel announced its intention to buy Mapaero, a French aircraft coatings firm. The proposed acquisition will boost AkzoNobel's global position in aerospace coatings, particularly in the structural and cabin coating sub-segments, and will directly help to meeting the company's 2020 targets.

The Global Aerospace Coating Market Industry is projected to experience robust growth over the next decade. With an anticipated market size of 21.1 USD Billion in 2024, the industry is set to expand significantly, reaching approximately 39.3 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate (CAGR) of 5.84% from 2025 to 2035. Such projections reflect the increasing demand for innovative coating solutions that enhance the performance and longevity of aerospace components, driven by technological advancements and regulatory requirements.

Emerging markets are playing a pivotal role in the growth of the Global Aerospace Coating Market Industry. Countries in Asia-Pacific and Latin America are witnessing rapid industrialization and increased investments in aviation infrastructure. This globalization trend is leading to a surge in demand for aerospace coatings as new manufacturers enter the market and existing players expand their operations. The rising middle class in these regions is also contributing to increased air travel, further stimulating the need for new aircraft and, consequently, advanced coatings. This dynamic is expected to enhance market growth in the coming years.

The Global Aerospace Coating Market Industry is experiencing a notable shift towards lightweight materials, driven by the aerospace sector's need for improved fuel efficiency and reduced emissions. Coatings that enhance the performance of lightweight composites are increasingly sought after. For instance, the integration of advanced polymer coatings in aircraft manufacturing not only reduces weight but also enhances durability. This trend is expected to contribute significantly to the market's growth, with projections indicating that the Global Aerospace Coating Market could reach 21.1 USD Billion in 2024, reflecting an increasing emphasis on sustainable aviation practices.

The Global Aerospace Coating Market Industry is significantly influenced by stringent regulatory compliance and safety standards imposed by aviation authorities. These regulations necessitate the use of specialized coatings that meet specific performance and safety criteria. For example, coatings that provide fire resistance and corrosion protection are essential for ensuring aircraft safety. As regulations evolve, manufacturers are compelled to innovate and adapt their coating solutions to comply with these standards. This ongoing need for compliance is likely to drive market growth, contributing to a projected CAGR of 5.84% from 2025 to 2035.

Technological innovations in coating solutions are propelling the Global Aerospace Coating Market Industry forward. Advanced coatings, such as nanocoatings and self-healing materials, are being developed to enhance the longevity and performance of aerospace components. These innovations not only improve resistance to environmental factors but also reduce maintenance costs. As manufacturers adopt these cutting-edge technologies, the market is poised for substantial growth. The anticipated growth trajectory suggests that by 2035, the Global Aerospace Coating Market could reach 39.3 USD Billion, indicating a robust demand for high-performance coatings.

The Global Aerospace Coating Market Industry is benefiting from the increasing number of aircraft deliveries and the expansion of global fleets. As airlines and manufacturers invest in new aircraft to meet rising passenger demand, the need for high-quality coatings becomes paramount. New aircraft models often require advanced coatings that enhance performance and aesthetics. This trend is underscored by the fact that the global commercial aircraft fleet is expected to grow significantly in the coming years, further driving the demand for aerospace coatings. Consequently, the market is projected to see substantial growth, aligning with the overall expansion of the aerospace sector.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Aerospace Coating market to grow further. Market participants are also undertaking strategic approaches to expand and strengthen their footprint, with important market developments including new product establishments, partnerships, mergers and acquisitions, higher investments, and strategic alliances with other organizations. The Aerospace Coating industry must offer cost-effective and sustainable products to survive and capture major market share in a highly fragmented market.

Manufacturing locally to minimize expenses is one of the key business tactics organizations use in the Aerospace Coating industry to benefit clients and capture major market revenue. In recent years, the Aerospace Coating industry has offered some of the most significant advantages to the aviation field.

Major players in the Aerospace Coatings market include AkzoNobel N.V. (The Netherlands), PPG Industries Inc (US), Sherwin Williams (US), and Mankiewicz Gebr. & Co. (Germany), Axalta Coating Systems Ltd (US), Saint-Gobain S.A. (France), Henkel Corporation (Germany), IHI Ionbond AG (India), Zircotec Ltd (UK), LORD Corporation (US), and Asahi Kinzoku Kogyo Inc. (Japan), are attempting to cater untapped market share by investing in research and development to offer affordable and sustainable products.

To offer consumers cutting-edge products and services, Textron, a multi-industry firm, uses its extensive network of enterprises in the aerospace, defense, industrial, and financial sectors. Textron is the largest aircraft manufacturer, established in 2014. Textron's strong brands include Bell, Cessna, Arctic Cat, Pipistrel, Beechcraft, Lycoming, E-Z-GO, and Textron Systems, which are well-known internationally. In October 2021, Skyscapes Next Generation (NG) by Sherwin-Williams Aerospace Coating received Textron Aviation's approval for using an external basecoat and clearcoat system for Beechcraft, Cessna, and Hawker aircraft.

The business claims that its proprietary method, an of-component polyurethane topcoat created for MRO and OEM aircraft refinishing, offers quicker processing times, simpler repair, and richer color than rival systems.

The Sherwin-Williams Company works with experts to develop, produce, distribute, and sell paint and protective coatings. The organization's four main segments are Paint Stores Group, Consumer Group, Finishes Group, and Latin America Coatings Group. The section known as "Paint Stores Group" is made up of company-owned specialty paint shops that engage in the business of selling paint and coatings to end users all over the world. Sherwin-Williams-branded architecture paint and coatings, commercial and marine goods, and related goods are marketed and sold in this division.

In September 2020, A JetPen for adjustments of aviation coatings was introduced by Sherwin Williams, a major manufacturer of coatings and painted worldwide. The JetPen is a 2K completely reactive paint that offers aircraft paint remarkable strength and corrosion resistance.