Plane Coatings Market Size, Share, Growth, and Industry Analysis, By Type (Liquid Coating and Power Coating), By Application (Commercial Aviation, Military Aviation, General Aviation), and Regional Forecast to 2032

Updated On: 22 April 2024

Plane Coatings Market Report Overview

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global Plane Coatings market size was USD 1286.4 million in 2023 and market is projected to touch USD 1846.9 million by 2032, exhibiting a CAGR of 4.1% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the plane coatings market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Plane coatings are applied to the exterior of aircraft to protect them from the elements, such as rain, snow, and ultraviolet (UV) rays. They also help to prevent corrosion and wear and tear, and they can improve the aerodynamics of the aircraft.

There are two main types of plane coatings: liquid coatings and powder coatings. Liquid coatings are applied by spraying or brushing, while powder coatings are applied by electrostatic spray. Liquid coatings are typically made from acrylic, epoxy, or polyurethane resins. These resins are mixed with pigments and solvents to create the desired color and finish. Liquid coatings are easy to apply, but they can be more difficult to repair if they are damaged.

COVID-19 Impact: Pandemic Decreased the Market Demand                             

The COVID-19 pandemic has had a significant impact on the plane coatings market share. The grounding of aircraft due to the COVID-19 pandemic has led to a decrease in demand for them. When aircraft are grounded, they do not need to be repainted as often. This has led to a decrease in demand for them, especially for solvent-based coatings, which are typically used for repainting aircraft. The decline in air travel due to the COVID-19 pandemic has also led to a decrease in demand for them. When there is less air travel, there is less need for new aircraft, which also leads to a decrease in demand for them. The COVID-19 pandemic has disrupted supply chains for a variety of goods and services, including them. This has made it more difficult for coating manufacturers to obtain raw materials, such as solvents, pigments, and resins. This has led to higher prices for them and has also made it more difficult for coating manufacturers to meet demand.

Latest Trends

"The increasing use of powder coatings is expected to fuel the growth in the market"

Powder coatings are more durable and resistant to damage than liquid coatings. They are also easier to apply, which can save airlines money. Powder coatings are more durable and resistant to damage than liquid coatings. This is because powder coatings form a hard, solid film when they are cured, which makes them more difficult to scratch, chip, or peel. This durability is important for aircraft, which are exposed to a variety of environmental hazards, such as rain, snow, hail, and UV rays. Powder coatings are easier to apply than liquid coatings. This is because powder coatings are applied electrostatically, which means that they are attracted to the surface of the aircraft. This makes it easier to achieve a uniform coating without any runs or drips. The ease of application can save airlines money on labor costs.

Plane Coatings Market Segmentation

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• By Type Analysis

According to type, the market can be segmented Liquid Coating and Power Coating.

• By Application Analysis

Based on age, the market can be divided into Commercial Aviation, Military Aviation, General Aviation.

 Driving Factors

"Growth of the global aviation industry to foster the market growth"

The global aviation industry is expected to grow significantly in the coming years, driven by the increasing demand for air travel and the development of new aircraft. The number of air passengers worldwide is expected to reach 8.2 billion by 2037, up from 4.4 billion in 2018. This growth is being driven by a number of factors, including the increasing middle class in emerging markets, the rise of low-cost carriers, and the growing popularity of leisure travel. The development of new aircraft is also contributing to the growth of the global aviation industry. In recent years, there has been a trend towards the development of more fuel-efficient and environmentally friendly aircraft. For example, the Boeing 787 Dreamliner is one of the most fuel-efficient aircraft in operation, and it is expected to save airlines billions of dollars in fuel costs.

"Increasing demand for safety and security to result in the expansion of the market"

In addition to the growth of the global aviation industry, there is also an increasing demand for safety and security in the aviation industry. This is being driven by a number of factors, including the increasing number of terrorist attacks, the increasing number of aircraft accidents, and the increasing use of technology in the aviation industry. The use of technology in the aviation industry is also contributing to the increasing demand for safety and security. For example, the use of satellite tracking systems makes it possible to track the location of aircraft in real time, which can help to prevent accidents and terrorist attacks. The increasing demand for safety and security in the aviation industry is leading to an increase in the demand for plane coatings that can help to protect aircraft from a variety of hazards, such as corrosion, wear and tear, fire, and terrorism.

Restraining Factors

"Environmental impact of plane coatings to hamper the market growth"

The environmental impact of plane coatings is a concern for airlines and regulators. In recent years, there have been a number of initiatives to reduce the environmental impact of plane coatings. For example, the International Air Transport Association (IATA) has developed a set of sustainability guidelines for the aviation industry. These guidelines include recommendations for the use of more environmentally friendly plane coatings.

Plane Coatings Market Regional Insights

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"Asia Pacific to lead the market owing to the rapidly growing aviation industry. "

The Asia Pacific region has shown the highest plane coatings market growth. The Asia Pacific region is home to some of the fastest-growing aviation industries in the world. This is due to a number of factors, such as the growing middle class, the rise of low-cost carriers, and the growing popularity of leisure travel.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• DuPont: Wilmington, Delaware, United States
• BASF: Ludwigshafen, Germany
• 3M: St. Paul, Minnesota, United States
• AkzoNobel: Amsterdam, Netherlands
• PPG: Pittsburgh, Pennsylvania, United States
• HENKEL: Düsseldorf, Germany
• Mankiewicz: Berlin, Germany
• Hentzen Coatings Inc.: Indianapolis, Indiana, United States
• IHI Ionbond AG: Amagasaki, Japan
• Sherwin-Williams Co.: Cleveland, Ohio, United States
• Zircotec Ltd.: Redditch, United Kingdom

Report Coverage

This report examines an understanding of the plane coatings market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.