Aircraft Paint Market Report, Global, 2024

The aircraft paint market size has grown strongly in recent years. It will grow from $4.05 billion in 2023 to $4.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth during the historic period can be attributed to advancements in material science, economic factors, globalization, fleet expansion, and environmental concerns.

The aircraft paint market size is expected to see strong growth in the next few years. It will grow to $5.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to renovation and maintenance, aesthetic customization, a rising focus on fuel efficiency, and aircraft fleet expansion. Key trends expected in the forecast period include digitalization, antimicrobial coatings, heat-reflective coatings, nanotechnology, and advanced coatings.

The increasing production and delivery of new aircraft are expected to drive the growth of the aircraft paint market in the future. Aircraft, including airplanes, helicopters, and drones, are designed for air travel. The rise in production and delivery of new aircraft is due to the growing demand from airlines aiming to modernize fleets, expand routes, and meet the increasing needs of global passenger travel. Aircraft paint is primarily used in production to protect against corrosion and environmental damage and to enhance aesthetics. For example, in June 2023, Boeing projected robust demand in the global aviation industry, with an anticipated need for 42,595 new commercial jets valued at $8 trillion by 2042. Additionally, a report by CAPA - Centre for Aviation in November 2022 indicated that Airbus and Boeing expected to deliver over 1,000 aircraft in 2022, with plans to increase production even further in 2023. Consequently, the increasing production and delivery of new aircraft are fueling the growth of the aircraft paint market.

Major companies in the aircraft paint market are focusing on developing innovative products, such as aerospace conductive coatings, to improve aircraft functionality and safety. Aerospace conductive coatings provide electromagnetic interference (EMI) shielding and static dissipation on aircraft components, protecting sensitive electronic systems and ensuring proper functioning in aerospace environments. For instance, in November 2023, Sherwin-Williams, a US-based coating company, introduced a new aerospace conductive coating (CM0485115) to its line of undercoats. This coating imparts conductivity to aluminum and composite substrates by creating an anti-static conductive film with a resistivity of 0.1 to 100,000 ohms per square meter, helping to dissipate static charges from antennas and radomes. It is compatible with all non-electrostatic spray equipment, suitable for pre-primed aluminum and composite substrates, and can be applied in one continuous film or with a cross coat. It is adaptable to various environmental conditions and can be air-cured or force-dried, offering flexibility to applicators.

In July 2022, Aerobrand, a UK-based aviation branding consultancy, partnered with PPG Industries, Inc. This partnership allows customers to collaborate with designers to develop personalized paint colors and provide direct feedback on their livery design at PPG LIVERY LAB aircraft coatings and design facilities in Burbank, California, and Shildon. PPG Industries Inc. is a US-based company specializing in paints, coatings, and specialty materials across various industries, including aviation.

Major companies operating in the aircraft paint market are Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Jotun Aerospace, Nihon Parkerizing Co. Ltd., Chemetall, Mankiewicz Gebr. & Co., Satys, IHI Ionbond AG, Hentzen Coatings Inc., Novaria Group, Mapaero Inc., HMG Aerospace, Nycote Laboratories Corporation, BASF Coatings GmbH, Resoltech, Zircotec, Altech Anodizing Ltd., Zircotec Ltd., GKN Aerospace Chem-Tronics Inc., Chromalloy Gas Turbine LLC, Permagard Inc., JetCote.

North America was the largest region in the aircraft paint market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aircraft paint refers to specialized coatings applied to aircraft surfaces to protect against corrosion, weathering, and environmental damage while enhancing the aircraft's appearance. These paints are designed to withstand the unique operating conditions of aviation, including high altitudes, temperature fluctuations, and aerodynamic stresses.

The main types of aircraft paint are liquid coatings and powder coatings. Liquid coating involves applying a wet paint solution to the aircraft's surface, which then dries to form a protective and decorative layer. These paints are used for various applications, such as exterior and interior surfaces, and are utilized by end users including commercial, military, and general aviation sectors.

The aircraft paint market research report is one of a series of new reports that provides aircraft paint market statistics, including aircraft paint industry global market size, regional shares, competitors with a aircraft paint market share, detailed aircraft paint market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft paint industry. This aircraft paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft paint market consists of sales of touch-up paints, specialty coatings, sealants, topcoats, paint removers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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