Aircraft Paint Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72475

Snapshot

The aircraft paint market share is expected to increase to USD 193.78 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.72%.

This aircraft paint market research report extensively covers aircraft paint market segmentation by end-user (commercial, military, and general aviation) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The aircraft paint market report also offers information on several market vendors, including 3M Co., A and A Thermal Spray Coatings, Akzo Nobel NV, APS Materials Inc., APV Engineered Coatings Inc., Axalta Coating Systems Ltd., BASF SE, Chromalloy Gas Turbine LLC, DuPont de Nemours Inc., Henkel AG and Co. KGaA, Hentzen Coatings Inc., Hisco Inc., IHI Corp., Indestructible Paint Ltd., Linde Plc, Mankiewicz Gebr. and Co., OC Oerlikon Corp. AG, PPG Industries Inc., The Sherwin-Williams Co., and Walter Wurdack Inc. among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Aircraft Paint Market Size be During the Forecast Period?

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Aircraft Paint Market: Key Drivers, Trends, and Challenges

The growing demand for commercial aircraft is notably driving the aircraft paint market growth, although factors such as the impact of COVID-19 on the aviation industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft paint industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Paint Market Driver

One of the key factors driving the global aircraft paint market growth is the growing demand and manufacturing of commercial aircraft in countries such as India, China, and others. For instance, Indian civil aviation industry is moving from nascency towards the growth phase and progressing rapidly in the area of aircraft manufacturing. The Indian government announced a plan to increase the number of airports from 138 to 220 in the next four to five years, as building infrastructure in the aviation sector is crucial. In addition, major aircraft OEMs have initiated revamping their existing production facilities to ensure scheduled deliveries. For instance, in 2021, the reported delivery total for Airbus includes 611 commercial aircraft to 88 customers, up from 566 in 2020. Such factors are expected to drive the growth in the market in focus during the forecast period.

Key Aircraft Paint Market Trend

Another key factor driving the global aircraft paint market growth is technological innovations. For instance, one weight-reducing product is PPG AEROCRON chrome-free, electrocoat (e-coat) primer, which is used to coat structural parts by electrodeposition instead of a traditional spray process and provides a more uniform film thickness on the part. This can result in up to 75% weight savings on highly complex parts. Aerospace coatings or paints customer needs are centered around three key areas: faster processing times, durability, and the application of thinner films to save weight. Vendors have been significantly making advancements in paints and related technologies. For instance, in December 2021, Sherwin-Williams Aerospace Coatings introduced the Aircraft Color Visualizer, which is a web-based tool that enables plane owners, paint shops, aircraft designers, OEMs, and aviation enthusiasts to experience color combinations on a variety of aircraft types digitally. Such factors will further support the market growth in the forecast period.

Key Aircraft Paint Market Challenge

One of the key challenges to the global aircraft paint market growth is the impact of COVID-19 on the aviation industry. Air travel is at a historically low level due to the pandemic, and the situation is not expected to go back to pre-pandemic levels any time sooner. As airlines grapple with a huge financial setback, they are aggressively reassessing their fleet strategy and capital expenditure. In 2020, Boeing Market Outlook (BMO) projected that the commercial aviation and services markets would continue to face significant challenges due to the pandemic, while global defense and government services markets remain more stable. BMO forecasted a total market value of USD 8.5 trillion over the next decade, including demand for aerospace products and services. The forecast was down from USD 8.7 trillion a year ago due to the impact of the COVID-19 pandemic. Thus, the slowdown in the aviation industry and decline in aircraft manufacturing will negatively impact the application of aircraft paint during the forecast period.

This aircraft paint market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Aircraft Paint Market Vendors?

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

This statistical study of the aircraft paint market encompasses successful business strategies deployed by the key vendors. The aircraft paint market is fragmented and the vendors are deploying growth strategies such as the expansion of product portfolio to compete in the market.

Product Insights and News

3M Co. - Through the flexibles segment the company provides development and supply of flexible packaging globally. This segment is the largest supplier of plastic, aluminum, and fiber-based flexible packaging.
3M Co. - The company offers aircraft paint products such as 3M Edge Sealer ES2000, 3M Scotch-Weld Tamper Proof Sealant EC-1252, and 3M Scotch-Sea Tamper Proof Sealant 1252.

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.

The aircraft paint market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Parent Market Analysis

Technavio categorizes the global aircraft paint market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft paint market during the forecast period.

Aircraft Paint Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft paint market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aircraft Paint Market?

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55% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for aircraft paint in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in air fleet and the rise in the number of air travelers will facilitate the aircraft paint market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in APAC has hampered the growth of the regional aircraft paint market. Countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or complete lockdowns in 2020. All aircraft paint production units were negatively affected by these lockdowns and stringent regulations. However, the lifting of lockdowns and the subsequent reopening of manufacturing units of aircraft paint are estimated to boost the market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Aircraft Paint Market?

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The aircraft paint market share growth by the commercial segment will be significant during the forecast period. The growth can be attributed to the increasing number of air passengers and the rising shipment through air cargo owing to technological advancement and the increasing preference of consumers for air travel.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft paint market size and actionable market insights on post COVID-19 impact on each segment.

Aircraft Paint Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.72%
Market growth 2022-2026	$ 193.78 million
Market structure	Fragmented
YoY growth (%)	3.69
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 55%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., A and A Thermal Spray Coatings, Akzo Nobel NV, APS Materials Inc., APV Engineered Coatings Inc., Axalta Coating Systems Ltd., BASF SE, Chromalloy Gas Turbine LLC, DuPont de Nemours Inc., Henkel AG and Co. KGaA, Hentzen Coatings Inc., Hisco Inc., IHI Corp., Indestructible Paint Ltd., Linde Plc, Mankiewicz Gebr. and Co., OC Oerlikon Corp. AG, PPG Industries Inc., The Sherwin-Williams Co., and Walter Wurdack Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, 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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What are the Key Data Covered in this Aircraft Paint Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive aircraft paint market growth during the next five years
Precise estimation of the aircraft paint market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the aircraft paint industry across APAC, Europe, North America, Middle East and Africa, 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 aircraft paint market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Commercial - Market size and forecast 2021-2026
- Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

5.4 Military - Market size and forecast 2021-2026
- Exhibit 32: Chart on Military - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Military - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Military - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Military - Year-over-year growth 2021-2026 (%)

5.5 General aviation - Market size and forecast 2021-2026
- Exhibit 36: Chart on General aviation - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on General aviation - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on General aviation - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on General aviation - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 3M Co.
- Exhibit 93: 3M Co. - Overview
- Exhibit 94: 3M Co. - Business segments
- Exhibit 95: 3M Co. - Key news
- Exhibit 96: 3M Co. - Key offerings
- Exhibit 97: 3M Co. - Segment focus

10.4 Akzo Nobel NV
- Exhibit 98: Akzo Nobel NV - Overview
- Exhibit 99: Akzo Nobel NV - Business segments
- Exhibit 100: Akzo Nobel NV - Key news
- Exhibit 101: Akzo Nobel NV - Key offerings
- Exhibit 102: Akzo Nobel NV - Segment focus

10.5 BASF SE
- Exhibit 103: BASF SE - Overview
- Exhibit 104: BASF SE - Business segments
- Exhibit 105: BASF SE - Key news
- Exhibit 106: BASF SE - Key offerings
- Exhibit 107: BASF SE - Segment focus

10.6 DuPont de Nemours Inc.
- Exhibit 108: DuPont de Nemours Inc. - Overview
- Exhibit 109: DuPont de Nemours Inc. - Business segments
- Exhibit 110: DuPont de Nemours Inc. - Key offerings
- Exhibit 111: DuPont de Nemours Inc. - Segment focus

10.7 Henkel AG and Co. KGaA
- Exhibit 112: Henkel AG and Co. KGaA - Overview
- Exhibit 113: Henkel AG and Co. KGaA - Business segments
- Exhibit 114: Henkel AG and Co. KGaA - Key news
- Exhibit 115: Henkel AG and Co. KGaA - Key offerings
- Exhibit 116: Henkel AG and Co. KGaA - Segment focus

10.8 Hentzen Coatings Inc.
- Exhibit 117: Hentzen Coatings Inc. - Overview
- Exhibit 118: Hentzen Coatings Inc. - Product / Service
- Exhibit 119: Hentzen Coatings Inc. - Key offerings

10.9 IHI Corp.
- Exhibit 120: IHI Corp. - Overview
- Exhibit 121: IHI Corp. - Business segments
- Exhibit 122: IHI Corp. - Key news
- Exhibit 123: IHI Corp. - Key offerings
- Exhibit 124: IHI Corp. - Segment focus

10.10 Mankiewicz Gebr. and Co.
- Exhibit 125: Mankiewicz Gebr. and Co. - Overview
- Exhibit 126: Mankiewicz Gebr. and Co. - Product / Service
- Exhibit 127: Mankiewicz Gebr. and Co. - Key offerings

10.11 PPG Industries Inc.
- Exhibit 128: PPG Industries Inc. - Overview
- Exhibit 129: PPG Industries Inc. - Business segments
- Exhibit 130: PPG Industries Inc. - Key news
- Exhibit 131: PPG Industries Inc. - Key offerings
- Exhibit 132: PPG Industries Inc. - Segment focus

10.12 The Sherwin-Williams Co.
- Exhibit 133: The Sherwin-Williams Co. - Overview
- Exhibit 134: The Sherwin-Williams Co. - Business segments
- Exhibit 135: The Sherwin-Williams Co. - Key news
- Exhibit 136: The Sherwin-Williams Co. - Key offerings
- Exhibit 137: The Sherwin-Williams Co. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources

11.5 List of abbreviations
- Exhibit 144: List of abbreviations

Methodology

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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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