Global Aircraft Paints Market Size – Segmented by Technology (Liquid Coating, Power Coating), End User (Commercial Aviation, Military Aviation, General Aviation), Application - Growth, Trends, and Forecast (2022 - 2030)
A wide variety of materials and finishes are used to protect and provide the desired appearance of the aircraft. The term “paint” is used in a general sense and includes primers, enamels, lacquers, and the various multipart finishing formulas. Paint has three components: resin as coating material, pigment for color, and solvents to reduce the mix to a workable viscosity. Internal structure and unexposed components are finished to protect them from corrosion and deterioration. All exposed surfaces and components are finished to provide protection and to present a pleasing appearance. Decorative finishing, includes trim striping, the addition of company logos and emblems, and the application of decals, identification numbers, and letters.
Application of Nanotechnology
Most commercial and military aircraft contain systems that help to mitigate problems that may arise due to ice formation on the surface of an aircraft or within the systems and components. The formation of ice can result in increased weight, diminished function of onboard systems and equipment, and turbulence in regular maintenance activities. Such effects reflect issues concerning to human safety.
The use of nanotechnology-based anti-icing coating will gain significant acceptance from the commercial and military aviation sectors. Over the past decade, GE Global Research (an R&D division of General Electric) has been actively involved in the development of an enhanced nano-textured anti-icing surface that can be applied on the surface of aircraft. The increase in sales of aircraft since the last decade is also a major factor driving the market.
Nanocoatings are characterized by high durability, water repellent nature, UV resistance, thermal insulation, elastomeric, anti-sticking nature, and low VOC emissions; thus, they offer the highest quality finish for a wide variety of interior and exterior aircraft frames surfaces, such as turbine blades, interior parts, and engine parts. Nanocoatings are highly useful in the reduction of drag, which in turn, aids in saving fuel. These coatings are highly helpful for the segments involving high manufacturing costs, such as military aviation. Owing to the increasing middle class incomes in emerging countries, there is a surge in the demand for air travel in the recent times, and this demand is expected to grow further in the coming years. Subsequently, the global aircraft fleet is also projected to grow at a significant rate, with over 41,000 aircraft deliveries expected to happen by the year 2036. Boeing estimates the total aircraft fleet to grow at a rate of 3.5% by the year 2036, with an estimated air traffic growth of 4.7%. Similarly, the increasing industrial production and global trade have driven the air cargo services around the world, which, in turn, is boosting the demand for the production of new commercial aircraft. These factors are expected to provide ample opportunities for growth in the consumption of the nano paints and coatings used in the aerospace industry.
Aircraft Paints Market Major Players:
DUPONT, BASF, 3M, AKZONOBEL N.V, PPG Industries Inc., and Akzo Nobel N.V. among others.
Aircraft Paints Market Recent Developments:
July 2018: ACOA (The Atlantic Canada Opportunities Agency) invests USD 3.2 million in MSD Coating Technologies Corporation
Dec 2015: AkzoNobel Aerospace Coatings adds Hisco as a distributor in the United States for aircraft paints.
Reasons to Purchase Aircraft Paints Market Report
1. Provides latest insights into the Aircraft Paint Market
2. Gives a detailed analysis of key competitors in the Aircraft Paint Market
3. Analyzes the market scenario with the help of Porter’s Five Forces Analysis
4. Forecasts the market value by assessing the impact of the market drivers and constraints
5. 3-month analyst support, along with the Market Estimate Sheet (in Excel)
Aircraft Paints Market Report Customization and Benefits
This report can be customized to meet the desired requirements. Please connect with our analyst/sales representative, who will ensure you get a report that suits your needs.
Application of Nanotechnology
Most commercial and military aircraft contain systems that help to mitigate problems that may arise due to ice formation on the surface of an aircraft or within the systems and components. The formation of ice can result in increased weight, diminished function of onboard systems and equipment, and turbulence in regular maintenance activities. Such effects reflect issues concerning to human safety.
The use of nanotechnology-based anti-icing coating will gain significant acceptance from the commercial and military aviation sectors. Over the past decade, GE Global Research (an R&D division of General Electric) has been actively involved in the development of an enhanced nano-textured anti-icing surface that can be applied on the surface of aircraft. The increase in sales of aircraft since the last decade is also a major factor driving the market.
Nanocoatings are characterized by high durability, water repellent nature, UV resistance, thermal insulation, elastomeric, anti-sticking nature, and low VOC emissions; thus, they offer the highest quality finish for a wide variety of interior and exterior aircraft frames surfaces, such as turbine blades, interior parts, and engine parts. Nanocoatings are highly useful in the reduction of drag, which in turn, aids in saving fuel. These coatings are highly helpful for the segments involving high manufacturing costs, such as military aviation. Owing to the increasing middle class incomes in emerging countries, there is a surge in the demand for air travel in the recent times, and this demand is expected to grow further in the coming years. Subsequently, the global aircraft fleet is also projected to grow at a significant rate, with over 41,000 aircraft deliveries expected to happen by the year 2036. Boeing estimates the total aircraft fleet to grow at a rate of 3.5% by the year 2036, with an estimated air traffic growth of 4.7%. Similarly, the increasing industrial production and global trade have driven the air cargo services around the world, which, in turn, is boosting the demand for the production of new commercial aircraft. These factors are expected to provide ample opportunities for growth in the consumption of the nano paints and coatings used in the aerospace industry.
Aircraft Paints Market Major Players:
DUPONT, BASF, 3M, AKZONOBEL N.V, PPG Industries Inc., and Akzo Nobel N.V. among others.
Aircraft Paints Market Recent Developments:
July 2018: ACOA (The Atlantic Canada Opportunities Agency) invests USD 3.2 million in MSD Coating Technologies Corporation
Dec 2015: AkzoNobel Aerospace Coatings adds Hisco as a distributor in the United States for aircraft paints.
Reasons to Purchase Aircraft Paints Market Report
1. Provides latest insights into the Aircraft Paint Market
2. Gives a detailed analysis of key competitors in the Aircraft Paint Market
3. Analyzes the market scenario with the help of Porter’s Five Forces Analysis
4. Forecasts the market value by assessing the impact of the market drivers and constraints
5. 3-month analyst support, along with the Market Estimate Sheet (in Excel)
Aircraft Paints Market Report Customization and Benefits
This report can be customized to meet the desired requirements. Please connect with our analyst/sales representative, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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