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The Aero-Engine Coating Market size is estimated to grow by USD 130.6 million from 2023 to 2028 and the market’s growth momentum will accelerate at a CAGR of 5.97%. The market is experiencing significant growth, driven by key factors. Firstly, there is a heightened emphasis on engine safety and efficiency. Advanced coatings enhance engine performance by reducing friction, improving thermal insulation, and increasing resistance to corrosion and wear. Secondly, increased procurement from the aviation and aerospace industries is fueling market expansion. Lastly, the growing demand for fuel-efficient and environmentally friendly aircraft is further boosting market growth. These factors collectively contribute to the robust expansion of the market. 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 market is soaring high with innovations to meet the demands of the aircraft industry. Manufacturers are striving for fuel-efficient aircraft equipped with advanced turbofan, turbojet, and turboshaft engines. These engines, made from superalloys, require durable coatings to enhance longevity and reduce carbon footprint. Lightweight coatings play a vital role in aircraft durability enhancement, ensuring efficient performance. In the competitive landscape of the aircraft sector, the focus is on developing new aircraft with improved aerodynamics and fuel efficiency. Actuators play a crucial role in optimizing aero engine performance, contributing to air travelers' safety and comfort. As the industry evolves, the Market remains pivotal in supporting air cargo transportation while advancing technology for a sustainable future. 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 2023 as the base year, and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
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.
Moreover, 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
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.
Moreover, 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, including aircraft engine compressors, to ensure high oxidation resistance and enhance durability. Such advancements in materials and coatings are expected to drive the market during the forecast period, as aerospace manufacturers continue to seek lightweight and high-performance solutions for turbine components.
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.
Moreover, 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.
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 2023 to 2028.
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
Thermal Spray - 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.
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The commercial aircraft segment was valued at USD 164.70 million in 2018 and continued to grow by 2022. 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. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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North America is projected to contribute 34% of market growth by 2028. 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. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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. The market landscape depends on the Helicopter, Turbofan Engine, Turbojet Engine, Turboprop Engine, Turboshaft Engine, advanced aircraft, carbon footprint reduction, Aircraft manufacturing sector.. 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 market is poised for continued growth and technological innovation.
Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
Market growth 2024-2028 |
USD 130.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.54 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
APAC at 34% |
Key countries |
US, France, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A and A Thermal Spray Coatings, Akzo Nobel NV, APS Materials Inc., Argosy International Inc., BASF SE, BryCoat Inc., Dow Chemical Co., Henkel AG and Co. KGaA, Hentzen Coatings Inc., Hohman Plating, IHI Corp., 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., and Zircotec Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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