The global demand for Aero Engine Coatings Market is presumed to reach the market size of nearly USD 2.32 BN by 2028 from USD 1.65 BN in 2021 with a CAGR of 5% under the study period 2022 - 2028.
Aero-engine coatings are used to protect engine components against high temperatures, heat, chemical attacks, oxidation, corrosion, and erosion caused by sand and dust. Different coatings are applied to different components of aero-engine as per the requirements. It prevents the superalloys from melting due to high temperatures. Coatings provide safety and efficiency for aero engines. These coatings also improve the performance and lifetime of aero engines. They protect engine components like afterburner assemblies, bearing and accessories, combustion chambers, combustion flame tubes, actuator components.
Market Dynamics
Increasing development in the aircraft industry along with increasing production and sales of aircraft is the key driver fuelling the market demand of aero engine coatings. Also, rapid urbanization, improving economic conditions, and standard of living will benefit market growth. Government and private firms have increased their investment in the aircraft industry which in turn will boost the demand for aero engine coatings. There is considerable technological advancement in aero engine coatings that increases the efficiency and safety of aero engines which will further propel the market growth. However, the increase in VOC emission in the coating process may restrain its market growth. Also the Covid-19 pandemic has negatively impacted aircraft industry, thereby reducing the demand of aero engine coatings
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of aero engine coatings. The growth and trends of aero engine coatings industry provide a holistic approach to this study.
Market Segmentation
This section of the aero engine coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Aircraft
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Helicopter
- Military Aircraft
By Engine
- Turbofan Engine
- Turbojet Engine
- Turboprop Engine
- Turboshaft Engine
By Process
- Spray Process
- EBPVD Process
- Others
By Form
- Powder Coating
- Liquid Coating
- Wired Coating
By Application
- Turbine Section
- Combustion Section
- Compressor Section
- Afterburner Section
- Bearings & Accessories
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Aero Engine Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Aero Engine Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aero engine coatings market include Praxair S.T. Technology, Inc., A&A Thermal Spray Coatings, TURBOCAM, Inc., APS Materials, Inc., United coatings Group, DowDuPont Inc., PPG Industries, Inc., Indestructible Paint Limited, Chromalloy Gas Turbine LLC, and OC Oerlikon Corporation AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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