Aero-Engine Coating Market: Global Industry Analysis and Forecast (2023-2029)

Aero-Engine Coating Market was valued at US$ 639.22 Mn. in 2022. Global Aero-Engine Coating Market size is expected to grow at a CAGR of 3.1 % through the forecast period.

Aero-Engine Coating Market Overview:

Aviation engine coatings increase aero engine performance and longevity. They prevent oxidation, corrosion, wear, erosion, and fouling in the engine. High temperatures are common in aero engine components, which can cause superalloys to melt. As a result, aero engine coating aids the alloy's resistance to high temperatures. Many firms favour aero engine coating because of the greater safety and efficiency it provides. Over the projected period, the aero engine coatings market is likely to grow due to increased development in the aviation sector. Soon, the growing demand from the aviation industry will create limitless potential, and sales of aero engine coatings in the aircraft manufacturing sector will supply fuel.Aero-Engine Coating MarketTo know about the Research Methodology :- Request Free Sample Report

Aero-Engine Coating Market Covid-19 Insights:

The aircraft sector is one of the most affected by the coronavirus spread throughout the world. To prevent the virus from spreading further, governments have imposed a global travel restriction. This has significantly reduced the need for aviation transportation. Many airlines have paused new aircraft manufacturing. Several corporations, including Airbus and Boeing, have ceased production as a result of various governments' stay-at-home initiatives. Over the projection period, these factors are likely to diminish demand for aero engine coatings.

Aero-Engine Coating Market Dynamics:

Through the forecast period, the focus on engine safety and efficiency will have a substantial impact on the growth of the aero-engine coating market. Aero-engine coatings act as heat barriers, improving aero engine efficiency and performance. Aero-engine coatings protect components such actuators, afterburner assemblies, bearings and accessories, combustion chambers, combustion flame tubes, compressor airfoils, compressor drums, discs and shafts, and fuel nozzles against oxidation, corrosion, wear, erosion, fouling, and heat. Through the forecast period, the aero-engine coating market is likely to benefit from increased demand for commercial aircraft. With increased demand for airplanes, aircraft manufacturers are investing in capacity expansion, particularly in Asia Pacific. To grow their local and regional client base, Boeing and Airbus are expanding their respective production and assembly facilities in China.

Trends:

The rise in demand for military aircraft has been one of the most noticeable trends in recent years. Countries are increasing their investments to gain a military advantage over their competitors. Several nations are increasing their investments in the production of military aircraft such as helicopters and fighter jets. As a result, demand for aero engine coatings is likely to increase through the forecast period.

Aero-Engine Coating Market Segment Analysis:

Based on Aircraft, the Aero-Engine Coating Market is segmented into Commercial Aircraft, Regional Aircraft, General Aircraft, Helicopter and Military Aircraft. Through the forecast period, commercial aircraft are expected to remain the market's growth engine. The commercial aircraft segment's key growth drivers are the arrival of new companies like as COMAC's C919 and Irkut's MC-21, as well as a predicted rise in commercial aircraft. Based on the Application, the Aero-Engine Coating Market is segmented into Turbine Section, Combustion Section, Compressor Section, Afterburner Section and Bearing & Accessories.During the forecast period, the turbine section is likely to be the most popular and quickest application type in the market. When an aero-high-pressure engine's turbines operate at more than 10,000 rpm, they are subjected to the harshest circumstances. Turbine blades are susceptible to oxidation and corrosion under these high circumstances. To prevent blade degradation, oxidation resistant coatings and thermal barrier coatings are applied to them, as well as other turbine section components. Based on the Engine, the Aero-Engine Coating Market is segmented into Turbofan Engine, Turbojet Engine, Turboprop Engine and Turboshaft Engine. During the forecast period, the turbofan engine is likely to be the market's most prominent and fastest-growing category. Turbofan engines are commonly found in commercial, regional, and business jet aircraft. The turbofan engines are built on the B777X, B737, B787, A320, A330neo, and A350XWB platforms. The top demand drivers for coatings in the turbofan engine market are expected to remain GE's LEAP, GEnx, and GE9x; Pratt & Whitney's PW1000G; and Rolls-Trent Royce's XWB, 1000, and 7000. The aero-engine coating market for turbofan engines is expected to be driven by key aero-engine manufacturers partnering with aero-engine coating manufacturers to create creative solutions for their jet engines. Aero-Engine Coating Market Based on the Form, the Aero-Engine Coating Market is segmented into Powder Coating, Liquid Coating and Wired Coating. Powder coatings are likely to be the market's most prominent and fastest-growing category during the forecast period. Powder coatings provide cost-effective, high-performance solutions. Moreover, unlike solvent-based coatings, these coating materials are devoid of volatile organic compounds, resulting in high demand in the aircraft sector.

Regional Insights:

The North America region dominated the market with 47% share in 2022. Throughout the forecast period, North America is expected to maintain its dominance in the aero-engine coatings market. COVID-19 instances have been on the rise in the United States, prompting governments to declare lockdowns and shut down production plants. As a result, the expansion of the region's aviation industry, especially aero-engine coatings, is suffering. The Asia-Pacific region is expected to witness significant growth at a CAGR of 3.1% through the forecast period. The largest aviation market in Asia-Pacific, the region is expected to grow at the fastest rate, thanks to a number of factors such as rising demand for commercial aircraft to support rising passenger traffic, the opening of Boeing and Airbus assembly plants in China for the B737, A320, and A330, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi Space Jet). The development of new facilities in the region by major aero-engine manufacturers to manufacture aero-engine parts is likely to boost demand for aero-engine coatings. The objective of the report is to present a comprehensive analysis of the global Aero-Engine Coating Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Aero-Engine Coating Market dynamic, structure by analyzing the market segments and projecting the Aero-Engine Coating Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Aero-Engine Coating Market make the report investor’s guide.

Aero-Engine Coating Market Scope: Inquiry Before Buying

Aero-Engine Coating Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 3.1% US$ 639.22 Mn US$ 791.51 Mn
Segments Covered
by Aircraft Commercial Aircraft Regional Aircraft General Aircraft Helicopter Military Aircraft by Engine Turbofan Engine Turbojet Engine Turboprop Engine Turboshaft Engine by Form Powder Coating Liquid Coating Wired Coating by Application Turbine Section Combustion Section Compressor Section Afterburner Section Bearings and Accessories
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Aero-Engine Coating Market Key Players

1. Praxair S.T. Technology, Inc. 2. A&A Thermal Spray Coatings 3. TURBOCAM, Inc. 4. APS Materials, Inc. 5. United coatings Group 6. DowDuPont Inc. 7. PPG Industries, Inc. 8. Indestructible Paint Limited 9. Chromalloy Gas Turbine LLC 10. OC Oerlikon Corporation AG 11. Akzo Nobel NV 12. Lincotek Surface Solutions SPA Frequently Asked Questions: 1. Which region has the largest share in Global Aero-Engine Coating Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Aero-Engine Coating Market? Ans: The Global Aero-Engine Coating Market is growing at a CAGR of 3.1% during forecasting period 2023-2029. 3. What is scope of the Global Aero-Engine Coating Market report? Ans: Global Aero-Engine Coating Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Aero-Engine Coating Market? Ans: The important key players in the Global Aero-Engine Coating Market are – Praxair S.T. Technology, Inc., A&A Thermal Spray Coatings, TURBOCAM, Inc., APS Materials, Inc., United coatings Group, DowDuPont Inc., 5. What is the study period of this Market? Ans: The Global Aero-Engine Coating Market is studied from 2022 to 2029.
1. Aero-Engine Coating Market Size: Research Methodology 2. Aero-Engine Coating Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Aero-Engine Coating Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Aero-Engine Coating Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Aero-Engine Coating Market Size Segmentation 4.1. Aero-Engine Coating Market Size, by Aircraft (2022-2029) • Commercial Aircraft • Regional Aircraft • General Aircraft • Helicopter • Military Aircraft 4.2. Aero-Engine Coating Market Size, by Application (2022-2029) • Turbine Section • Combustion Section • Compressor Section • Afterburner Section • Bearings & Accessories 4.3. Aero-Engine Coating Market Size, by Engine (2022-2029) • Turbofan Engine • Turbojet Engine • Turboprop Engine • Turboshaft Engine 4.4. Aero-Engine Coating Market Size, by Form (2022-2029) • Powder Coating • Liquid Coating • Wired Coating 5. North America Aero-Engine Coating Market (2022-2029) 5.1. North America Aero-Engine Coating Market Size, by Aircraft (2022-2029) • Commercial Aircraft • Regional Aircraft • General Aircraft • Helicopter • Military Aircraft 5.2. North America Aero-Engine Coating Market Size, by Application (2022-2029) • Turbine Section • Combustion Section • Compressor Section • Afterburner Section • Bearings & Accessories 5.3. North America Aero-Engine Coating Market Size, by Engine (2022-2029) • Turbofan Engine • Turbojet Engine • Turboprop Engine • Turboshaft Engine 5.4. North America Aero-Engine Coating Market Size, by Form (2022-2029) • Powder Coating • Liquid Coating • Wired Coating 5.5. North America Aero-Engine Coating Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Aero-Engine Coating Market (2022-2029) 6.1. European Aero-Engine Coating Market, by Aircraft (2022-2029) 6.2. European Aero-Engine Coating Market, by Application (2022-2029) 6.3. European Aero-Engine Coating Market, by Engine (2022-2029) 6.4. European Aero-Engine Coating Market, by Form (2022-2029) 6.5. European Aero-Engine Coating Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Aero-Engine Coating Market (2022-2029) 7.1. Asia Pacific Aero-Engine Coating Market, by Aircraft (2022-2029) 7.2. Asia Pacific Aero-Engine Coating Market, by Application (2022-2029) 7.3. Asia Pacific Aero-Engine Coating Market, by Engine (2022-2029) 7.4. Asia Pacific Aero-Engine Coating Market, by Form (2022-2029) 7.5. Asia Pacific Aero-Engine Coating Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Aero-Engine Coating Market (2022-2029) 8.1. Middle East and Africa Aero-Engine Coating Market, by Aircraft (2022-2029) 8.2. Middle East and Africa Aero-Engine Coating Market, by Application (2022-2029) 8.3. Middle East and Africa Aero-Engine Coating Market, by Engine (2022-2029) 8.4. Middle East and Africa Aero-Engine Coating Market, by Form (2022-2029) 8.5. Middle East and Africa Aero-Engine Coating Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Aero-Engine Coating Market (2022-2029) 9.1. South America Aero-Engine Coating Market, by Aircraft (2022-2029) 9.2. South America Aero-Engine Coating Market, by Application (2022-2029) 9.3. South America Aero-Engine Coating Market, by Engine (2022-2029) 9.4. South America Aero-Engine Coating Market, by Form (2022-2029) 9.5. South America Aero-Engine Coating Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Praxair S.T. Technology, Inc 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. A&A Thermal Spray Coatings 10.3. TURBOCAM, Inc. 10.4. APS Materials, Inc. 10.5. United Coatings Group 10.6. DowDuPont, Inc. 10.7. PPG Industries, Inc. 10.8. Indestructible Paint Limited 10.9. Chromalloy Gas Turbine LLC 10.10. OC Oerlikon Corporation AG 10.11. Akzo Nobel NV 10.12. Lincotek Surface Solutions SPA 10.13. The Sherwin-Williams Company 10.14. Socomore 10.15. Hentzen Coatings, Inc.
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