A recent report published by
Infinium Global Research on the aero-engine coating market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
aero-engine coating market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional aero-engine coating
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global aero-engine
coating market. According to the report, the global aero-engine coating market
is projected to grow at a CAGR of 5.5% over the forecast period of 2022-2028.
The global aero-engine coating
market was valued at USD 54 Billion in 2022 and is expected to reach nearly USD
75 Billion in 2028, with a CAGR of over 5.5% during the forecast period. Aero-engine
coating improves the performance and lifetime of aero-engines. They protect the
engine from corrosion, oxidation, fouling, wear, and erosion. Aero-engine
sections generally experience high temperatures, which can cause the super
alloys to melt. Therefore, the aero-engine coating helps the alloy to withstand
high temperatures. Aero-engine coating function as a thermal barrier and improve
the efficiency and performance of aero-engines. Moreover, increased safety and
efficiency provided by aero-engine coating make it preferable to many
companies. The rise in development in the aircraft industry is expected to
propel the aero-engine coating market growth over the forecast period.
The rise in development within the
aircraft industry is a most important factor that's expected to propel the
aero-engine coating market growth. Moreover, increased investment from various
government and personal firms in developing countries is additionally expected
to fuel the aircraft industry, thereby increasing the demand for aero-engine
coating. Increased developmental activities in emerging economies and an
increase in export & import further fuel the market growth. One of the key
trends observed over the years is the increase in demand for military aircraft.
Several governments invest more to manufacture military aircraft like
helicopters and fighter jets. Therefore, these factors are expected to enhance
the demand for aero-engine coating over the forecast period. Technological
advancement in the aero-engine coating is anticipated to enhance the product safety
and efficiency of aero-engines over the forecast period. However, increased VOC
emission during the coating process is anticipated to hinder the market growth
over the forecast period.
The outbreak of COVID-19 brought a
negative impact on the aero-engine coating market share due to the imposition
of lockdown. The outbreak of COVID-19 left no options for governments of many
countries except the implementation of travel restrictions and therefore the
complete lockdown of several countries and cities. The Lockdown of major
economies or cities has resulted in a very drastic decline in the air passenger
traffic and has forced airlines to decrease their capacity for international
and domestic flights. Many airlines have either put their orders for brand
spanking new airplanes on hold or canceled orders. This pandemic disease has
also affected the foremost aircraft OEMs and has forced them to temporarily
halt their production. Because of these factors, the expansion of the market
was restrained during the covid-19 pandemic.
Based on the region, the worldwide
aero-engine coating market is segmented into the Asia Pacific, North America,
Europe, and the Middle East & Africa. Among the regions, North America
holds the biggest share of the global aero-engine coating market. The strong
presence of numerous aero-engine and aircraft manufacturers and the increasing
number of air traffic passengers will facilitate the aero-engine coating market
growth in North America over the forecast period. Furthermore, the government
spending millions of dollars in the aviation industry to help steer green air
transportation to drive demand for aero-engine coating in the Europe region.
However, The Asia Pacific region is anticipated to dominate the growth of the
market during the forecast period.
The report on the global aero-engine
coating market covers segments such as aircraft type, types of coating, engine
type, and form type. On the basis of aircraft type, the sub-markets include
commercial aircraft, military aircraft, helicopters, and general aviation. On the
basis of types of coating, the sub-markets include diffusion aluminide
coatings, thermal barrier coatings, erosion and corrosion resistant coatings,
and others. On the basis of engine type, the sub-markets include turboprop,
turboshaft, turbojet, and turbofan. On the basis of form type, the sub-markets
include wired coating, powder coating, and liquid coating.
The report provides profiles of
the companies in the market such as PPG Industries, Inc., Praxair S.T.
Technology, Inc., A&A Thermal Spray Coatings, TURBOCAM, Inc., APS
Materials, Inc., United coatings Group, DowDuPont Inc., Indestructible Paint
Limited, Chromalloy Gas Turbine LLC, and OC Oerlikon Corporation AG.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the aero-engine coating market. Moreover, the study highlights current
market trends and provides forecasts, from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.