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Aero-engine Coating Market (Aircraft Type - Commercial Aircraft, Military Aircraft, Helicopters, and General Aviation; Types of Coating - Diffusion Aluminide Coatings, Thermal Barrier Coatings, Erosion and Corrosion Resistant Coatings, and Others; Engine Type - Turboprop, Turboshaft, Turbojet, and Turbofan; Form Type - Wired Coating, Powder Coating, and Liquid Coating): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : June, 2022

  • Rep Id : CM0304

  • Category : Chemicals & Materials

  • Status : Published

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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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