According to Markntel Advisors Report, Aircraft Paints & Coatings Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Paint is a colored substance used to spread over the surface to provide it a smooth finish as well as to help retain the inner surface from the external environment. On the other hand, a coating is applied to the surface of an object to protect the exterior from other corrosive agents. The purpose of applying the paints & coating is to provide an extra layer of protection on the surface of the object to add enhanced protection against wear & corrosion. The aircraft paint & coatings market is largely driven by increased demand for aircraft coatings from various end-users, such as commercial aviation, military aviation, and general aviation.

 

Global Aircraft Paints & Coatings Market Research Report & Summary:

The Global Aircraft Paints and Coatings Market is projected to grow at a CAGR of around 3.98% during the forecast period, 2022-27.          

Time Period Captured in the Report:

• Historical Years: 2017-20
• Base Years: 2021
• Forecast Years: 2022-27

Who are the Key Players Operating in the Aircraft Paints & Coatings Market?

The top companies of the Aircraft Paints & Coatings Market ruling the industry are: 

PPG Industries, Inc., AkzoNobel N.V., Mankiewicz Gebr. & Co, the Sherwin-Williams Company, BASF SE, Henkel AG & Co. KGaA, Hentzen Coatings, In, Other

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What is Included in Aircraft Paints & Coatings Market Segmentation?

The Aircraft Paints & Coatings Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Resin Type
  • Polyurethane
  • Epoxy
  • Others (Silicone, Polyester and Acrylic)
• By Technology
  • Water Based
  • Solvent Based
  • Powder Coating
• By Demand Type
  • OEM
  • MRO
• By End-User Industry
  • Commercial Aviation
  • Military Aviation
  • Civil Aviation
• By Application
  • Interior
  • Exterior
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia Pacific

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Market Dynamics:

Key Drivers: Robust Demand for Military Aircrafts to Lead the Growth

The rise in the demand for military aircraft has assisted in increasing the production of military aircraft leading to the surge in demand for the Aircraft Paints and Coating market globally. The high demand for military aircraft is attributed to the extensive investments made by some of the world’s largest air forces, such as the US, Russia, India, China, etc., to expand their existing fleet & replace the aging fleet of aircraft to maintain air superiority. Further, military hardware technologies have also tremendously improved with the advent of technologies such as AESA (Advanced Electronically Scanned Array) Radars, Improved avionics, Stealth technologies, etc. These improvements have made the older generation military aircraft significantly vulnerable to the newer generation of aircraft. Moreover, the rising number of new technologies for the up-gradation of older generation jets as well as the fresh purchase of new military aircraft has been increased globally, which further resulted in escalating the market growth. For instance:

• In the year 2021, the United Arab Emirates (UAE) signed a deal with Dassault Aviation to supply 80 Rafale multirole fighter jets for a total cost of USD18.53 billion.

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