Plane Coating Market Trends and Forecast
The future of the global plane coating market looks promising with opportunities in the commercial aviation, military aviation, and general aviation markets. The global plane coating market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight coatings in aerospace to improve fuel efficiency, growing focus on corrosion resistance and durability to enhance aircraft lifespan, and rising adoption of eco-friendly and low-VOC coatings in compliance with environmental regulations.
• Lucintel forecasts that liquid coating is expected to witness higher growth over the forecast period.
• Within this market, commercial aviation is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Plane Coating Market
• United States – Boeing announced a partnership with PPG Industries to develop advanced eco-friendly plane coatings, aiming for FAA certification and government support for sustainable aviation.
• Germany – Lufthansa Technik launched a new nano-ceramic plane coating for improved fuel efficiency, targeting a 10% reduction in operational costs supported by EU research grants.
• China – COMAC collaborated with AkzoNobel to integrate anti-corrosion coatings into their aircraft manufacturing process, aligned with national goals for aerospace technology advancement.
• United Kingdom – Rolls-Royce partnered with Sherwin-Williams to introduce a heat-resistant plane coating, aiming to enhance engine performance and reduce maintenance intervals, supported by UK aerospace innovation grants.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Plane Coating Market by Segment
The study includes a forecast for the global plane coating market by type, application, and region.
Plane Coating Market by Type [Value from 2018 to 2030]:
• Liquid Coating
• Power Coating
Plane Coating Market by Application [Value from 2018 to 2030]:
• Commercial Aviation
• Military Aviation
• General Aviation
Plane Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Plane 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 plane coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plane coating companies profiled in this report include-
• BASF
• 3M
• Akzonobel
• PPG
• Henkel
• Mankiewicz
• Hentzen Coatings
Recent Development in the Plane Coating Market
• Airbus: Introduced a lightweight and durable plane coating solution to improve fuel efficiency and reduce carbon emissions in commercial aircraft.
• 3M: Developed a high-performance anti-icing plane coating that enhances safety and operational reliability in extreme weather conditions.
• Boeing: Launched a next-generation eco-friendly plane coating with enhanced UV protection and scratch resistance, aiming for reduced maintenance costs and extended service life.
• Sherwin-Williams: Rolled out a bio-based plane coating technology that meets stringent environmental regulations while maintaining high performance standards for aircraft durability and aesthetics.
Features of the Global Plane Coating Market
Market Size Estimates: Plane coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plane coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Plane coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the plane coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plane coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for plane coating market?
Answer: The global plane coating market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the plane coating market?
Answer: The major drivers for this market are increasing demand for lightweight coatings in aerospace to improve fuel efficiency, growing focus on corrosion resistance and durability to enhance aircraft lifespan, and rising adoption of eco-friendly and low-VOC coatings in compliance with environmental regulations.
Q3. What are the major segments for plane coating market?
Answer: The future of the plane coating market looks promising with opportunities in the commercial aviation, military aviation, and general aviation markets.
Q4. Who are the key plane coating market companies?
Answer: Some of the key plane coating companies are as follows:
• BASF
• 3M
• Akzonobel
• PPG
• Henkel
• Mankiewicz
• Hentzen Coatings
Q5. Which plane coating market segment will be the largest in future?
Answer: Lucintel forecasts that liquid coating is expected to witness higher growth over the forecast period.
Q6. In plane coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 plane coating market by type (liquid coating and power coating), application (commercial aviation, military aviation, and general aviation), 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?
For any questions related to Plane Coating Market Market, Plane Coating Market Market Size, Plane Coating Market Market Growth, Plane Coating Market Market Analysis, Plane Coating Market Market Report, Plane Coating Market Market Share, Plane Coating Market Market Trends, Plane Coating Market Market Forecast, Plane Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.