PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284202
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284202
Aircraft Paint Market Forecasts to 2028 - Global Analysis By Type, Aircraft Types, Technologies, Application End User and By Geography
According to Stratistics MRC, the Global Aircraft Paint Market is growing at a CAGR of 5.98% during the forecast period. Commercial aircraft, both new and vintage, are painted with an exclusive type of paint called aircraft paint. The most popular types of paint used for these applications are epoxy and enamel. Although these coatings are frequently expensive, they are thought to be very durable because aircraft operate in challenging conditions. Airlines prefer to have their planes painted to match their designs and colors because aviation paint, unlike other paints used on cars and buildings, fades over time. The number of flights has increased as a result of the growing aviation industry, which has led to more wear and tear on the aircraft.
According to the Aerospace Industries Association (AIA), in 2020, Germany, France, Canada, the UK, and Japan were the foremost destinations for the US's Aerospace & Defense (A&D) exports, including civil aerospace, defense aerospace, & defense non-aerospace.
Market Dynamics:
Driver:
Increasing deliveries of commercial and military aircraft
Increasing commercial and military aircraft deliveries are expected to fuel the aviation industry's expansion, which is anticipated to propel the aircraft paint market during the forecast period. The airlines' purchases of aircraft to accommodate the rising demand for air travel have also skyrocketed. By the end of November 2018, Boeing had a backlog of orders for 5,850 commercial aircraft, while Airbus had a backlog of orders for 7,337 such aircraft. One of the additional factors boosting the global commercial aviation industry and the market for aircraft paint is the growing number of business travelers combined with the rise in airborne cargo.
Restraint:
Rise in the cost of raw materials
Due to the rising costs of crude oil and other petroleum-based goods, the market for aircraft paint is also seeing an increase in the price of raw materials. Since a few years ago, the prices of these raw materials have been rising, and it is anticipated that this trend will continue during the forecast period. In turn, during the projection period, this is anticipated to restrain the market for aircraft paint from expanding.
Opportunity:
Advancement in technology
Solvent-based paints have also been widely used in the exterior painting of aircraft as a result of technological advancements. Aside from that, the constant changes in temperature, air pressure, and UV protection of the airframe are some of the major factors influencing the rise in demand for products with solvent bases. Additionally, the future of the aircraft paint market is anticipated to benefit from the development of new eco-friendly products.
Threat:
Stringent environmental regulations
Due to the volatile nature of the solvents and other chemicals used in the manufacturing process, the market for aircraft paint is governed by strict environmental regulations. In the US and the EU, the Environmental Protection Agency (EPA) is primarily responsible for enforcing these regulations. For instance, the volatile organic compound (VOC) content of aircraft paints is subject to EPA regulations. A maximum of 340 g/L for exterior applications and 420 g/L for interior applications of VOCs are permitted in aircraft paints. Such elements limit market expansion.
COVID-19 Impact:
The COVID-19 outbreak is anticipated to moderately restrain the growth of the aircraft paint market in the short term due to the temporary suspension of activities across the aviation sector as a result of governmental restrictions like travel bans and global lockdowns, which have had a negative impact. As a result, since the World Health Organization classified the outbreak as a pandemic that is challenging to contain, air travel has significantly decreased in frequency. A decline in aircraft production and maintenance is anticipated in the near future, even though the pandemic's duration is still unknown. Thus, it is anticipated that all of these factors will restrain the market's expansion for commercial aircraft paint.
The commercial segment is expected to be the largest during the forecast period
During the forecast period, the commercial aircraft segment is anticipated to hold the largest share of the market, continuing its dominance. The demand for air travel is fueled by a number of factors, including high living standards, affordable travel costs, the expansion of the middle class in significant emerging markets, and rising tourism and travel expenditures as a percentage of total consumer spending in developed economies. In order to meet the growing demand for air travel, airlines have acquired an enormous number of aircraft. Thus, continuous production and deliveries of commercial aircraft are expected throughout the forecast period.
The narrow-body segment is expected to have the highest CAGR during the forecast period
Due to the rising demand for narrow-body aircraft and the need to replace many out-of-date mid-size aircraft due to operating efficiency, which has led to a significant increase in production, narrow-bodied aircraft are predicted to experience promising growth. Additionally, the increase in narrow-body aircraft launches over the course of the projection period is also having a positive impact on the market for aviation paint.
Region with largest share:
Over the forecast period, North America is expected to hold the largest market share, and this market dominance will continue in the coming years. The demand for aircraft paints and coatings in the North American region is being driven by factors such as growing government investment in the purchase of fighter jets, growing adoption of advanced technology, and increasing investments in producing technologically advanced aircraft. The market has also grown as a result of rising production of military and commercial jets, helicopters, UAVs, and other aircraft, as well as rising government investment in the creation of next-generation military aircraft.
Region with highest CAGR:
The expansion of the market in the Asia-Pacific region is anticipated to be fueled by rising air travel as well as rising military aircraft purchases by developing nations like China and India during the projection period. Airlines in the area, including China Eastern Airlines and Hainan Airlines, are also adopting elaborate themes to draw in passengers. As a result, the market for paint is expected to grow as all the aircraft must be disassembled and repainted when the theme becomes outdated.
Key players in the market:
Some of the key players profiled in the Aircraft Paint Market include 3M Co, Aalberts surface treatment GmbH, AkzoNobel N.V., BASF SE, Brycoat, Inc., DuPont, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., IHI Ionbond AG., Mankiewicz Gebr. & Co., Mapaero Coatings, PG Industries, Inc., PPG Industries Inc., Sherwin-Williams Co, Walter Wurdack Inc and Zircotec Ltd.
Key Developments:
In April 2023, PPG announced the launch of its SEMCO® Sealant Removal, Mixing & Application Kit, a portable, wheeled tool kit for the application and removal of aerospace sealants, adhesives and potting compounds on aircraft at any remote site.
In April 2023, PPG announced the completion of a $15-million investment to enhance its Brazil, Ind., powder coatings production facility. The plant, which employes 90, has been expanded by 20,000 square feet to accommodate two state-of-the-art lines for bonded metallic powder and automated packaging capabilities.
In May 2021, Constant Aviation announced major improvements at its aircraft painting operation at Orlando Sanford International Airport. The paint shop is part of a full-service MRO facility and can accommodate large-cabin aircraft such as the Gulfstream 650, Dassault Falcon 7X and Bombardier Global.
Types Covered:
- Enamel
- Epoxy
Aircraft Types Covered:
- Narrow-body
- Wide-body
- Regional jets
Technologies Covered:
- Liquid Coating
- Power Coating
Applications Covered:
- Exterior
- Interior
End Users Covered:
- Commercial
- Military
- General Aviation
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Aircraft Paint Market, By Type
- 5.1 Introduction
- 5.2 Enamel
- 5.3 Epoxy
6 Global Aircraft Paint Market, By Aircraft Type
- 6.1 Introduction
- 6.2 Narrow-body
- 6.3 Wide-body
- 6.4 Regional jets
7 Global Aircraft Paint Market, By Technology
- 7.1 Introduction
- 7.2 Liquid Coating
- 7.3 Power Coating
8 Global Aircraft Paint Market, By Application
- 8.1 Introduction
- 8.2 Exterior
- 8.3 Interior
9 Global Aircraft Paint Market, By End User
- 9.1 Introduction
- 9.2 Commercial
- 9.3 Military
- 9.4 General Aviation
10 Global Aircraft Paint Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 3M Co
- 12.2 Aalberts surface treatment GmbH
- 12.3 AkzoNobel N.V.
- 12.4 BASF SE
- 12.5 Brycoat, Inc.
- 12.6 DuPont
- 12.7 Henkel AG & Co. KGaA
- 12.8 Hentzen Coatings, Inc.
- 12.9 IHI Ionbond AG.
- 12.10 Mankiewicz Gebr. & Co.
- 12.11 Mapaero Coatings
- 12.12 PG Industries, Inc.
- 12.13 PPG Industries Inc.
- 12.14 Sherwin-Williams Co
- 12.15 Walter Wurdack Inc
- 12.16 Zircotec Ltd.
List of Tables
- Table 1 Global Aircraft Paint Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 4 Global Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 5 Global Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 6 Global Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 7 Global Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 8 Global Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 9 Global Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 10 Global Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 11 Global Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 12 Global Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 13 Global Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 14 Global Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 15 Global Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 16 Global Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 17 Global Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 18 Global Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
- Table 19 North America Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
- Table 20 North America Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 21 North America Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 22 North America Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 23 North America Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 24 North America Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 25 North America Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 26 North America Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 27 North America Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 28 North America Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 29 North America Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 30 North America Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 31 North America Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 32 North America Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 33 North America Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 34 North America Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 35 North America Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 36 North America Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
- Table 37 Europe Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
- Table 38 Europe Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 39 Europe Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 40 Europe Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 41 Europe Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 42 Europe Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 43 Europe Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 44 Europe Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 45 Europe Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 46 Europe Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 47 Europe Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 48 Europe Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 49 Europe Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 50 Europe Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 51 Europe Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 52 Europe Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 53 Europe Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 54 Europe Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
- Table 55 Asia Pacific Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
- Table 56 Asia Pacific Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 57 Asia Pacific Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 58 Asia Pacific Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 59 Asia Pacific Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 60 Asia Pacific Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 61 Asia Pacific Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 62 Asia Pacific Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 63 Asia Pacific Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 64 Asia Pacific Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 65 Asia Pacific Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 66 Asia Pacific Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 67 Asia Pacific Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 68 Asia Pacific Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 69 Asia Pacific Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 70 Asia Pacific Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 71 Asia Pacific Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 72 Asia Pacific Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
- Table 73 South America Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
- Table 74 South America Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 75 South America Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 76 South America Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 77 South America Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 78 South America Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 79 South America Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 80 South America Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 81 South America Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 82 South America Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 83 South America Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 84 South America Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 85 South America Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 86 South America Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 87 South America Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 88 South America Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 89 South America Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 90 South America Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
- Table 91 Middle East & Africa Aircraft Paint Market Outlook, By Country (2020-2028) ($MN)
- Table 92 Middle East & Africa Aircraft Paint Market Outlook, By Type (2020-2028) ($MN)
- Table 93 Middle East & Africa Aircraft Paint Market Outlook, By Enamel (2020-2028) ($MN)
- Table 94 Middle East & Africa Aircraft Paint Market Outlook, By Epoxy (2020-2028) ($MN)
- Table 95 Middle East & Africa Aircraft Paint Market Outlook, By Aircraft Type (2020-2028) ($MN)
- Table 96 Middle East & Africa Aircraft Paint Market Outlook, By Narrow-body (2020-2028) ($MN)
- Table 97 Middle East & Africa Aircraft Paint Market Outlook, By Wide-body (2020-2028) ($MN)
- Table 98 Middle East & Africa Aircraft Paint Market Outlook, By Regional jets (2020-2028) ($MN)
- Table 99 Middle East & Africa Aircraft Paint Market Outlook, By Technology (2020-2028) ($MN)
- Table 100 Middle East & Africa Aircraft Paint Market Outlook, By Liquid Coating (2020-2028) ($MN)
- Table 101 Middle East & Africa Aircraft Paint Market Outlook, By Power Coating (2020-2028) ($MN)
- Table 102 Middle East & Africa Aircraft Paint Market Outlook, By Application (2020-2028) ($MN)
- Table 103 Middle East & Africa Aircraft Paint Market Outlook, By Exterior (2020-2028) ($MN)
- Table 104 Middle East & Africa Aircraft Paint Market Outlook, By Interior (2020-2028) ($MN)
- Table 105 Middle East & Africa Aircraft Paint Market Outlook, By End User (2020-2028) ($MN)
- Table 106 Middle East & Africa Aircraft Paint Market Outlook, By Commercial (2020-2028) ($MN)
- Table 107 Middle East & Africa Aircraft Paint Market Outlook, By Military (2020-2028) ($MN)
- Table 108 Middle East & Africa Aircraft Paint Market Outlook, By General Aviation (2020-2028) ($MN)
