Aero-Engine Coating Market Trends and Forecast
The future of the global aero-engine coating market looks promising with opportunities in the commercial aircraft and military aircraft markets. The global aero-engine coating market is expected to reach an estimated $130.0 billion by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight materials in the aerospace industry to enhance fuel efficiency and reduce emissions, rapid expansion of the global commercial aviation sector, and stringent regulatory requirements.
• Lucintel forecasts that powder coating is expected to witness the highest growth over the forecast period.
• Within this market, commercial aircraft is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States – GE Aviation announced the development of advanced nano-coatings for aero-engines, aiming to improve fuel efficiency and reduce emissions. Government grants support research in aerospace technology to enhance competitiveness and sustainability in the aviation industry.
Germany – MTU Aero Engines collaborated with research institutions to develop heat-resistant coatings for next-generation aero-engines, targeting improved durability and performance. Government funding supports R&D projects aimed at strengthening GermanyÄX%$%Xs position in the aerospace sector.
China – AVIC announced plans to establish a state-of-the-art facility for aero-engine coating production, aiming to meet domestic demand and support the countryÄX%$%Xs aerospace industry growth targets. Government incentives promote investments in aerospace manufacturing technologies to enhance ChinaÄX%$%Xs global competitiveness.
France – Safran unveiled a partnership with aerospace research organizations to develop environmentally friendly coatings for aero-engines, aligning with government targets to reduce aviation emissions. Government support includes funding for sustainable aviation initiatives and research grants for aerospace innovation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aero-Engine Coating by Segment
The study includes a forecast for the global aero-engine coating by aircraft type, foam type, engine type, and region.
Aero-Engine Coating Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Aircraft
• Military Aircraft
Aero-Engine Coating Market by Foam Type [Shipment Analysis by Value from 2018 to 2030]:
• Powder Coating
• Liquid Coating
• Wired Coating
Aero-Engine Coating Market by Engine Type [Shipment Analysis by Value from 2018 to 2030]:
• Turbofan Engine
• Turbojet Engine
• Turboprop Engine
• Turboshaft Engine
Aero-Engine Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aero-Engine Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aero-engine coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aero-engine coating companies profiled in this report include-
• AandA Thermal Spray Coatings
• AkzoNobel
• APS Materials
• Boeing
• Chromalloy Gas Turbine
• Indestructible Paint Limited
• Lincotek Rubbiano
Recent Development in the Aero-Engine Coating Market
GE Aviation: Introduced advanced nano-coatings for aero-engines to enhance fuel efficiency and reduce emissions, aiming for improved sustainability in aviation.
MTU Aero Engines: Collaborated with research institutions to develop heat-resistant coatings for next-generation aero-engines, focusing on enhancing durability and performance.
AVIC: Announced plans to establish a new facility for aero-engine coating production to meet domestic demand and support ChinaÄX%$%Xs aerospace industry growth targets.
Safran: Partnered with aerospace research organizations to develop environmentally friendly coatings for aero-engines, aligning with sustainability goals to reduce aviation emissions.
Features of the Global Aero-Engine Coating Market
Market Size Estimates: Aero-engine coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aero-engine coating market size by aircraft type, foam type, engine type, and region in terms of value ($B).
Regional Analysis: Aero-engine coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different aircraft types, foam types, engine types, and regions for the aero-engine coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aero-engine coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aero-engine coating market size?
Answer: The global aero-engine coating market is expected to reach an estimated $130.0 billion by 2030.
Q2. What is the growth forecast for aero-engine coating market?
Answer: The global aero-engine coating market is expected to grow with a CAGR of 3.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aero-engine coating market?
Answer: The major drivers for this market are increasing demand for lightweight materials in the aerospace industry to enhance fuel efficiency and reduce emissions, rapid expansion of the global commercial aviation sector, and stringent regulatory requirements.
Q4. What are the major segments for aero-engine coating market?
Answer: The future of the global aero-engine coating market looks promising with opportunities in the commercial aircraft and military aircraft markets.
Q5. Who are the key aero-engine coating market companies?
Answer: Some of the key aero-engine coating companies are as follows:
• AandA Thermal Spray Coatings
• AkzoNobel
• APS Materials
• Boeing
• Chromalloy Gas Turbine
• Indestructible Paint Limited
• Lincotek Rubbiano
Q6. Which aero-engine coating market segment will be the largest in future?
Answer: Lucintel forecasts that powder coating is expected to witness the highest growth over the forecast period.
Q7. In aero-engine coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aero-engine coating market by aircraft type (commercial aircraft and military aircraft), foam type (powder coating, liquid coating, and wired coating), engine type (turbofan engine, turbojet engine, turboprop engine, and turboshaft engine), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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