Aero-Engine Coating Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43021

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The aero-engine coating market has the potential to grow by USD 28.43 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.90%.

This aero-engine coating market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (commercial aircraft and military aircraft) and geography (North America, APAC, Europe, MEA, and South America). The aero-engine coating market report also offers information on several market vendors, including A&A Coatings, Akzo Nobel NV, APS Materials Inc., Chromalloy Gas Turbine LLC, Dow Inc., Indestructible Paint Ltd., Lincotek Surface Solutions SPA, OC Oerlikon Corp. AG, PPG Industries Inc., and Praxair Inc. among others.

What will the Aero-Engine Coating Market Size be in 2021?

Aero-Engine-Coating-Market-Market-Size-2020-2025

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Aero-Engine Coating Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The focus on engine safety and improving efficiency is notably driving the aero-engine coating market growth, although factors such as longer production cycles of aircraft engines may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aero-engine coating industry get your FREE report sample now.

  • The focus on engine safety and improving efficiency will have a significant influence on the aero-engine coating market growth during the forecast period.
  • 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.
  • The rising demand for commercial aircraft is expected to support the growth of the global aero-engine coating market during the forecast period.
  • With the rising demand for aircraft, aircraft OEMs are investing in capacity augmentation, especially in APAC.
  • Boeing and Airbus are expanding their respective manufacturing and assembly operations in China to expand their domestic and regional customer base.

This aero-engine coating market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aero-Engine Coating Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A&A Coatings
  • Akzo Nobel NV
  • APS Materials Inc.
  • Chromalloy Gas Turbine LLC
  • Dow Inc.
  • Indestructible Paint Ltd.
  • Lincotek Surface Solutions SPA
  • OC Oerlikon Corp. AG
  • PPG Industries Inc.
  • Praxair Inc.

 

The aero-engine coating market is concentrated and the vendors are deploying growth strategies such as increasing investments in R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aero-engine coating market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aero-Engine Coating Market?

Aero-Engine-Coating-Market-Market-Share-by-Region-2020-2025

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47% of the market’s growth will originate from North America during the forecast period. The US is a key market for aero-engine coating in North America. Market growth in North America will be faster than the growth of the market in other regions.

The strong presence of numerous aero-engine and aircraft manufacturers and the increasing number of air traffic passengers will facilitate the aero-engine coating market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Aero-Engine Coating Market?

Aero-Engine-Coating-Market-Market-Share-by-Application-2020-2025

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The aero-engine coating market share growth by the commercial aircraft segment will be significant during the forecast period. Commercial aircraft engine coatings are essential as they help improve the overall efficiency of the engine at high temperatures and ensure maximum availability of the aircraft. They reduce fuel consumption, increase compressor stall margins, lower engine exhaust gas temperatures, and extend the engine on-wing time. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aero-engine coating market size.

 

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What are the Key Factors Covered in this Aero-Engine Coating Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aero-engine coating market growth during the next five years
  • Precise estimation of the aero-engine coating market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aero-engine coating industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aero-engine coating market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aero-engine coating market growth will increase by $48.84 million during 2019-2024.
The aero-engine coating market is expected to grow at a CAGR of 5.34% during 2019-2024.
Technavio has segmented the aero-engine coating market by application (Commercial aircraft and Military aircraft) and geographic (North America, APAC, Europe, and South America).
A&A Coatings, Akzo Nobel NV, APS Materials Inc., Chromalloy Gas Turbine LLC, Indestructible Paint Ltd., Lincotek Surface Solutions SPA, OC Oerlikon Corp. AG, PPG Industries Inc., Praxair Inc., The Dow Chemical Co., The Sherwin-Williams Co. are a few of the key vendors in the aero-engine coating market.
North America will register the highest growth rate of 43.05% among the other regions. Therefore, the aero-engine coating market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the aero-engine coating market growth are:
  • Focus on engine safety and improving efficiency
  • Increasing demand for energy-efficient engines
The aero-engine coating market vendors should focus on grabbing business opportunities from the commercial aircraft segment as it accounted for the largest market share in the base year.

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