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The Aero-Engine Coating Market size is estimated to grow by USD 118.35 million from 2022 to 2027 and the market’s growth momentum will accelerate at a CAGR of 6%. The growth of the market depends on several factors, including the focus on engine safety and improving efficiency, the increased procurement, and the growing demand.
Aero-engine coatings are used to form a protective layer on components such as actuator components, afterburner assembles, bearing and accessories, combustion chambers, combustion flame tubes, compressor airfoils, compressor drums, discs and shafts, fuel nozzles and swirlers, rim cover plates, rings and seals, turbine airfoils, turbine discs, and turbine shrouds and are mainly used to provide resistance from corrosion, weather conditions, hardness, heat, wear, and stains.
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The focus on engine safety and improving efficiency are notably driving the market growth, although factors such as longer production cycles may impede the market growth. Our researchers studied the data for years, with 2022 as the base year, and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Market Driver
The focus on engine safety and improving efficiency is the key factor driving the global market growth. Aero-engine coatings function as thermal barriers and improve the efficiency and performance of aero engines. Coatings of aero-engine components such as actuator components, afterburner assemblies, bearing and accessories, combustion chambers, combustion flame tubes, compressor airfoils, compressor drums, discs and shafts, and fuel nozzles ensure protection from oxidation and corrosion, wear, erosion, fouling, and heat. Engine components are protected by different types of coatings, such as thermal barrier coating (TBC) and abradable coatings.
A TBC helps improve the overall efficiency of aero-engines by protecting them from heat generated during operations. An abradable coating improves the overall efficiency of engines by achieving high operating temperatures (650 F-2,100 F) and improving the surge margin. Such coating materials increase the stability of aero-engines. Such factors are expected to fuel the growth of the market during the forecast period
Market Trend
The increasing demand for energy-efficient engines will fuel the global market growth. Different manufacturing processes and materials have been used over the years to reduce the weight and increase fuel efficiency. For instance, intermetallic structural materials such as gamma titanium aluminides have been developed for application in low-pressure turbines and high-pressure compressors of aero-engines.
High strength at extreme temperatures and less weight compared to nickel alloy have been the major factors for the increased adoption of titanium aluminide in the low-pressure parts of the turbine. Titanium aluminides require a special type of coating to prevent oxidation, as these alloys have poor oxidation and wear resistance. Special types of coatings, such as metallic coatings or nitride coatings, are applied to titanium aluminide engine components to ensure high oxidation resistance. Such factors are expected to drive the market during the forecast period.
Market Challenge
The longer production cycles of engines are a major challenge to global market growth. Aircraft engine testing is time-consuming because of the criticality of engine operations in the aerospace and defense industry. A minor fault in the engine or its operation can lead to a recall.
Technical glitches were reported during the development of the Trent 1000 engine by Rolls-Royce and the production. As a result, several airplanes were grounded. Manufacturers, therefore, invest in redesigning engine components and replacing already-equipped airplanes, which further delays airplanes delivery. Long delivery cycles negatively impact the demand for sub-components and related materials such as aero-engines. Such factors are expected to hamper the growth of the market during the forecast period.
Key Market Customer Landscape
Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries, including the US, Japan, France, Germany, and the UK. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market
thermalspray.com - The company offers thermal spray coatings for aircraft or rotorcraft gas turbine engines and aircraft component coating for blades. Also, the company offers a wide range of thermal spray coating processes such as HVOF coating, metalizing, plasma spray coating, and spray and fuse hard facing, among others.
We also have detailed analyses of the market’s competitive landscape and offer information on 15 market companies, including :
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the commercial aircraft segment will be significant during the forecast period. The commercial aircraft segment in the global market is expected to witness significant growth in terms of CAGR when compared to military and other segments during the forecast period.
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The commercial aircraft segment was valued at USD 158.10 million in 2017 and continued to grow by 2021. Turbofan engines, on the contrary, have a large-size fan mounted at the front, which acts as a propeller and compression fan. These engines are more efficient than turboprop engines, and they are used to power commercial airplanes. Most commercial airplanes have large engines and require protection from corrosion, fretting, high temperature, oxidation, and supination for optimum performance. Commercial aircraft machines are essential as they help improve the overall efficiency of the engine at high temperatures and ensure maximum availability. They reduce fuel consumption, increase compressor stall margins, lower engine exhaust gas temperatures, and extend the engine on-wing time. The demand for aero-engine coating in the commercial airplanes segment has increased because of the abovementioned benefits. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of the Market by residential consumers, which is driven by an increase in the global demand for the Aero-Engine Coating Industry.
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North America is projected to contribute 34% of market growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America, which comprises global leading airlines, aircraft manufacturers, and aircraft component manufacturers, is a mature market in the aerospace and defense industry. In North America, the increasing demand for specialized aircraft engine coatings is leading to strategic collaborations between aero-engine manufacturers and aero-engine coating providers.
Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by application, formulation, and region.
The Market is witnessing remarkable growth fueled by technological innovations and geographic expansions. Phenolic panels and VOCs play crucial roles in enhancing aircraft performance and durability. With the increasing demand for commercial aircraft, military aircraft, and general aviation, the market experiences significant category market growth. Product approvals and launches are driving advancements in engine types, including turbofan, turbojet, turboprop, and turboshaft engines. Boeing's presence further amplifies market dynamics, stimulating competition and innovation. Various process types like spray process and EBPVD process are utilized in coating applications across turbine, combustion, compressor, afterburner sections, and bearings. Form types such as powder, liquid, and wired offer diverse solutions, ensuring efficiency and reliability in aerospace operations. Analyst briefs emphasize the market's potential, highlighting opportunities for further growth and development.
The market is experiencing significant growth, driven by a variety of factors including product launches, advancements in engine technology, and increasing demand across various aircraft types. This market caters to a wide range of aircraft types including commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopters. In response to evolving industry demands, manufacturers are continuously launching new coatings tailored to different engine types such as turbofan engines, turbojet engines, turboprop engines, and turboshaft engines. These coatings are applied using various processes including spray processes, electron beam physical vapor deposition (EBPVD) processes, and others, to ensure optimal performance and durability.
The coatings are available in different forms including powder coatings, liquid coatings, and wired coatings, providing flexibility and compatibility with diverse engine components. These coatings find applications across various sections of the engine including the turbine section, combustion section, compressor section, afterburner section, and bearings & accessories. As the aerospace industry continues to expand and modernize, the demand for high-performance coatings that enhance engine efficiency, durability, and reliability is expected to grow. Manufacturers are investing in research and development to develop innovative coatings that meet stringent performance requirements while adhering to regulatory standards and environmental considerations. With advancements in materials science and manufacturing processes, the global aero-engine coating market is poised for continued growth and technological innovation.
Aero-Engine Coating Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.73% |
Market growth 2023-2027 |
USD 118.35 million |
Market structure |
Fragmented |
YoY growth (%) |
5.35 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 34% |
Key countries |
US, Japan, France, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
A and A Thermal Spray Coatings, Akzo Nobel NV, APS Materials Inc., Argosy International Inc., BASF SE, BryCoat Inc., Dow Inc., Henkel AG and Co. KGaA, Hentzen Coatings Inc., Hohman Plating, Indestructible Paint Ltd., Lincotek Surface Solutions SPA, Linde Plc, Mankiewicz Gebr. and Co., OC Oerlikon Corp. AG, PPG Industries Inc., Sequa Corp., The Sherwin Williams Co., IHI Corp., and Zircotec Ltd. |
Market dynamics |
Parent market analysis, market research report, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Formulation
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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