
Aero-Engine Coatings Market by Aircraft Type (Commercial Aviation, Military Aircraft), Coating Type (Diffusion Aluminide Coatings, Erosion & Corrosion Resistant Coatings, Thermal Barrier Coatings), Engine Type, Form Type, Process, Application - Global For
Description
Aero-Engine Coatings Market by Aircraft Type (Commercial Aviation, Military Aircraft), Coating Type (Diffusion Aluminide Coatings, Erosion & Corrosion Resistant Coatings, Thermal Barrier Coatings), Engine Type, Form Type, Process, Application - Global Forecast 2024-2030
The Aero-Engine Coatings Market size was estimated at USD 1.48 billion in 2023 and expected to reach USD 1.54 billion in 2024, at a CAGR 5.16% to reach USD 2.10 billion by 2030.
Aero-engine coatings are specialized coatings applied to the surface of the components of an aircraft's engine. Aero-engine coatings serve various purposes, including protecting the engine from high temperatures, corrosion, wear and tear, and improving engine performance and fuel efficiency. Growing production of aircraft and increasing investments by various organizations in the aviation industry are elevating the demand for aero-engine coatings. A growing focus on improving fuel efficiency and reducing aircraft operating costs is expected to increase the adoption of aero-engine coatings. The high cost of raw materials and the release of harmful volatile organic compounds (VOCs) during coating operations hamper the market's growth. Growing manufacturing of new materials for aero-engine coatings, including advanced ceramics, polymers, and composites, is expected to create opportunities for market growth.
Regional Insights
The United States has many passengers traveling by air, and as per the International Trade Administration (ITA), over 58,000 tons of cargo are transported daily. As per the Federal Aviation Administration (FAA), the number of commercial aircraft is expected to reach 8,270 by 2037 due to increased cargo transportation by aircraft. The usage of aircraft for cargo transportation, last-mile delivery, medical emergencies, air shuttle, private transport, and other areas has been increasing in Brazil, Canada, the U.S., and Chile due to high congestion and the indirect routes with higher circuity factors for ground-based vehicles, which creates a demand for aero-engine coatings in the Americas. The Asia-Pacific region is showcasing significant expansion of the aerospace industry due to an elevated shift toward air transportation, freight services, and medical emergencies, further bolstering the usage of aero-engine coatings. The International Civil Aviation Organization (ICAO) estimated that air traffic in the Asia-Pacific region is expected to triple by 2030. The presence of well-established players and increasing research & development activities to develop sustainable aero-engine coatings in the Americas and Europe are expected to benefit the market's growth.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Aero-Engine Coatings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aero-Engine Coatings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Aero-Engine Coatings Market, highlighting leading vendors and their innovative profiles. These include A&A Thermal Spray Coatings, Akzo Nobel N.V., APS Materials, Inc., Axalta Coating Systems, LLC, BASF SE, Bodycote PLC, CASwell Inc., Chromalloy Gas Turbine LLC, Compagnie de Saint-Gobain S.A., Curtiss-Wright Corporation, CVD Equipment Corporation, DuPont de Nemours, Inc., Flame Spray SpA, General Electric Company, H.C. Starck Solutions, Henkel AG & Co. KGaA, Hentzen Coatings, Inc., Honeywell International Inc., Howmet Aerospace Inc., IHI Ionbond AG, Indestructible Paint Limited, Lincotek Group S.p.A., MDS Coating Technologies Corp., Metallisation Limited, MTU Aero Engines AG, OC Oerlikon Corporation AG, PPG Industries, Inc., Praxair S.T. Technology Inc. by Linde PLC, SilcoTek, and Turbocam Inc..
Market Segmentation & Coverage
This research report categorizes the Aero-Engine Coatings Market to forecast the revenues and analyze trends in each of the following sub-markets:
Aircraft Type
Commercial Aviation
Diffusion Aluminide Coatings
Turbofan
Liquid Coating
EBPVD Process
Afterburner Section
Americas
Argentina
California
Australia
Denmark
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Aero-Engine Coatings Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aero-Engine Coatings Market?
- What are the technology trends and regulatory frameworks in the Aero-Engine Coatings Market?
- What is the market share of the leading vendors in the Aero-Engine Coatings Market?
- Which modes and strategic moves are suitable for entering the Aero-Engine Coatings Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
182 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Aero-Engine Coatings Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing production of aircraft globally
- 5.1.1.2. Growing focus on sustainability and improving fuel efficiency across aircraft
- 5.1.1.3. Rising emphasis on engine safety across military and commercial aircraft
- 5.1.2. Restraints
- 5.1.2.1. Issues related to anti-erosion coating performance
- 5.1.3. Opportunities
- 5.1.3.1. Emerging trend of smart aero-engine coatings
- 5.1.3.2. Increasing development of new materials for aero-engine coatings
- 5.1.4. Challenges
- 5.1.4.1. Release of harmful VOCs during coating operations
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Aero-Engine Coatings Market, by Aircraft Type
- 6.1. Introduction
- 6.2. Commercial Aviation
- 6.3. Military Aircraft
- 7. Aero-Engine Coatings Market, by Coating Type
- 7.1. Introduction
- 7.2. Diffusion Aluminide Coatings
- 7.3. Erosion & Corrosion Resistant Coatings
- 7.4. Thermal Barrier Coatings
- 8. Aero-Engine Coatings Market, by Engine Type
- 8.1. Introduction
- 8.2. Turbofan
- 8.3. Turbojet
- 8.4. Turboprop
- 8.5. Turboshaft
- 9. Aero-Engine Coatings Market, by Form Type
- 9.1. Introduction
- 9.2. Liquid Coating
- 9.3. Powder Coating
- 9.4. Wired Coating
- 10. Aero-Engine Coatings Market, by Process
- 10.1. Introduction
- 10.2. EBPVD Process
- 10.3. Spray Process
- 11. Aero-Engine Coatings Market, by Application
- 11.1. Introduction
- 11.2. Afterburner Section
- 11.3. Bearings & Accessories
- 11.4. Combustion Section
- 11.5. Compressor Section
- 11.6. Turbine Section
- 12. Americas Aero-Engine Coatings Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
- 13. Asia-Pacific Aero-Engine Coatings Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
- 14. Europe, Middle East & Africa Aero-Engine Coatings Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
- 15. Competitive Landscape
- 15.1. FPNV Positioning Matrix
- 15.2. Market Share Analysis, By Key Player
- 15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
- 15.3.1.1. Lincotek acquires Hitemco, an industry leader in thermal spray and diffusion coatings
- 15.3.2. Agreement, Collaboration, & Partnership
- 15.3.2.1. AeroSHARK thin film reduces drag on airplanes
- 15.3.3. New Product Launch & Enhancement
- 15.3.3.1. AkzoNobel Launches Aerofleet Coatings Management
- 15.3.3.2. GE Aerospace’s New Jet Engine Services Center Enables More Efficient Repairs and Supply Chain Solutions
- 15.3.4. Investment & Funding
- 15.3.4.1. Wave Engine Corporation Raises USD 3.5 Million in Latest Financing Round
- 15.3.4.2. Aircraft Engine Company Safran to Invest USD 305 Million in India
- 15.3.5. Award, Recognition, & Expansion
- 15.3.5.1. CVD Equipment Received USD 3.7 Million Aerospace Order for Production Coating System
- 16. Competitive Portfolio
- 16.1. Key Company Profiles
- 16.1.1. A&A Thermal Spray Coatings
- 16.1.2. Akzo Nobel N.V.
- 16.1.3. APS Materials, Inc.
- 16.1.4. Axalta Coating Systems, LLC
- 16.1.5. BASF SE
- 16.1.6. Bodycote PLC
- 16.1.7. CASwell Inc.
- 16.1.8. Chromalloy Gas Turbine LLC
- 16.1.9. Compagnie de Saint-Gobain S.A.
- 16.1.10. Curtiss-Wright Corporation
- 16.1.11. CVD Equipment Corporation
- 16.1.12. DuPont de Nemours, Inc.
- 16.1.13. Flame Spray SpA
- 16.1.14. General Electric Company
- 16.1.15. H.C. Starck Solutions
- 16.1.16. Henkel AG & Co. KGaA
- 16.1.17. Hentzen Coatings, Inc.
- 16.1.18. Honeywell International Inc.
- 16.1.19. Howmet Aerospace Inc.
- 16.1.20. IHI Ionbond AG
- 16.1.21. Indestructible Paint Limited
- 16.1.22. Lincotek Group S.p.A.
- 16.1.23. MDS Coating Technologies Corp.
- 16.1.24. Metallisation Limited
- 16.1.25. MTU Aero Engines AG
- 16.1.26. OC Oerlikon Corporation AG
- 16.1.27. PPG Industries, Inc.
- 16.1.28. Praxair S.T. Technology Inc. by Linde PLC
- 16.1.29. SilcoTek
- 16.1.30. Turbocam Inc.
- 16.2. Key Product Portfolio
- 17. Appendix
- 17.1. Discussion Guide
- 17.2. License & Pricing
- FIGURE 1. AERO-ENGINE COATINGS MARKET RESEARCH PROCESS
- FIGURE 2. AERO-ENGINE COATINGS MARKET SIZE, 2023 VS 2030
- FIGURE 3. AERO-ENGINE COATINGS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. AERO-ENGINE COATINGS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. AERO-ENGINE COATINGS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. AERO-ENGINE COATINGS MARKET DYNAMICS
- FIGURE 7. AERO-ENGINE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2023 VS 2030 (%)
- FIGURE 8. AERO-ENGINE COATINGS MARKET SIZE, BY AIRCRAFT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. AERO-ENGINE COATINGS MARKET SIZE, BY COATING TYPE, 2023 VS 2030 (%)
- FIGURE 10. AERO-ENGINE COATINGS MARKET SIZE, BY COATING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AERO-ENGINE COATINGS MARKET SIZE, BY ENGINE TYPE, 2023 VS 2030 (%)
- FIGURE 12. AERO-ENGINE COATINGS MARKET SIZE, BY ENGINE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AERO-ENGINE COATINGS MARKET SIZE, BY FORM TYPE, 2023 VS 2030 (%)
- FIGURE 14. AERO-ENGINE COATINGS MARKET SIZE, BY FORM TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. AERO-ENGINE COATINGS MARKET SIZE, BY PROCESS, 2023 VS 2030 (%)
- FIGURE 16. AERO-ENGINE COATINGS MARKET SIZE, BY PROCESS, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. AERO-ENGINE COATINGS MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 18. AERO-ENGINE COATINGS MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. AMERICAS AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. AMERICAS AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. UNITED STATES AERO-ENGINE COATINGS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 22. UNITED STATES AERO-ENGINE COATINGS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 23. ASIA-PACIFIC AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 24. ASIA-PACIFIC AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 25. EUROPE, MIDDLE EAST & AFRICA AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 26. EUROPE, MIDDLE EAST & AFRICA AERO-ENGINE COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 27. AERO-ENGINE COATINGS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 28. AERO-ENGINE COATINGS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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