Apr 08, 2020 Xherald -- Global Aircraft Paints Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The aircraft paints market is anticipated to grow at a CAGR of over 4% during the forecast period.
- The growth of the aviation market, fuelled by increasing deliveries of commercial and military aircraft, is expected to drive the growth of the aircraft paints market during the forecast period.
- The need to refurbish the old aircraft that are in service is also generating revenues for the aircraft paints market.
- The development of new eco-friendly aircraft painting and coating products that can reduce weight and increase fuel efficiency is expected to impact the growth of the aircraft paints market.
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Market By Top Companies:
DuPont, BASF SE, 3M Co, PPG Industries Inc., Mankiewicz Gebr. & Co., Hentzen Coatings, Inc., Sherwin-Williams Co, Akzo Nobel NV, Mapaero Coatings, Henkel AG & Company, IHI Ionbond AG
Industry Research Coverage
Commercial Aircraft Accounts for the Highest Market Share
Currently, the commercial aircraft segment dominates the market and it is expected to continue to hold a major share even in 2025. High living standards, low airfares, the growing middle class in large emerging markets, and growth in tourism and travel relative to total consumer spending in major economies are all driving the demand for air travel. The procurement of aircraft by the airlines to cater to the increasing air travel has also increased tremendously. Boeing recorded an order backlog of 5,850 commercial aircraft, whereas, Airbus recorded an order backlog of 7,337 commercial aircraft, by the end of November 2018. Thus, continuous production and deliveries of commercial aircraft are expected during the forecast period. The production and delivery of commercial aircraft are expected to drive the growth of the commercial segment of the aircraft paints market.
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The prominent international players in the market are Akzo Nobel NV, PPG Industries Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co., and Hentzen Coatings Inc. Currently, most of the paints and coating providers are present in North America and Europe. The increase in the global presence of the companies will help companies to gain a competitive advantage over others. Also, the development of paints that reduce weight, increase fuel efficiency, increase the stealth characteristics of aircraft, and are eco-friendly will help companies attain a better position in the market.
-Aircraft Paints Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
-Global Market Size (Value) of Aircraft Paints (2020-2025)
-Global Aircraft Paints Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)
-Global Aircraft Paints Production, Revenue (Value), Price Trend by Type
-Global Aircraft Paints Market Analysis by Application