Aircraft Paints Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.35 Billion |
| Market Size (2029) | USD 1.51 Billion |
| CAGR (2024 - 2029) | 2.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aircraft Paints Market Analysis
The Aircraft Paints Market size is estimated at USD 1.35 billion in 2024, and is expected to reach USD 1.51 billion by 2029, growing at a CAGR of 2.27% during the forecast period (2024-2029).
The growth of the aviation market, fuelled by increasing deliveries of commercial and military aircraft, is expected to drive the growth of the aircraft paints market during the forecast period. The need to refurbish the old aircraft that are in service is also generating revenues for the aircraft paints market.
Additionally, the development of new eco-friendly aircraft painting and coating products that can reduce weight and increase fuel efficiency is expected to impact the market's growth. In April 2023, AkzoNobel developed the Aerofleet Coatings Management system, which uses data gathered over several years to ensure that aircraft are only repainted when needed, not according to a fixed schedule alone.
Aircraft paints must adhere to rigorous quality criteria to guarantee longevity, resistance to corrosion, and visual attractiveness. Upholding and attaining these criteria frequently necessitates the utilization of cutting-edge materials and technologies, thereby augmenting the total expense of the coating. Small-scale manufacturers or operators face challenges acquiring these high-quality materials and procedures while staying within budget constraints.
Aircraft Paints Market Trends
Commercial Aviation Segment to Dominate Market Share
The market is currently led by the commercial aircraft segment, a trend projected to persist in the forecast period. As global passenger traffic stages a recovery post-pandemic, it's on track to surpass pre-pandemic levels by the close of 2023, largely fueled by a surge in domestic travel. This uptick in domestic passengers will propel a robust demand for commercial aircraft in the coming years, subsequently impacting the aircraft paints market.
Airlines have significantly ramped up their aircraft procurement to meet the rising air travel demand. By the close of 2023, Airbus had delivered 735 aircraft, while Boeing's deliveries were around 528. This pace indicates a sustained production and delivery momentum for commercial aircraft in the forecast period.
In a significant move in February 2023, Air India ordered 250 aircraft from Airbus, including 140 A320neo, 70 A321neo, six A350-900, and 34 A350-1000 aircraft. However, in December 2023, the airline modified its order to 140 A321neo, 70 A320neo, 20 A350-900, and 20 A350-1000 aircraft. Such robust commercial aircraft production and delivery are poised to drive growth in the aircraft paints market's commercial segment.
Asia-Pacific to Showcase Remarkable Growth During the Forecast Period
Strong economic growth and favorable demographics are propelling air passenger traffic in developing nations across the Asia-Pacific. Over the past decade, the region witnessed a notable surge in air travel, driven largely by its appeal as a tourist destination and the increasing accessibility of air travel. This trend is poised to continue through the forecast period.
China stands at the forefront of the global commercial aviation rebound, buoyed by robust domestic demand. This surge not only aids airlines in their financial recovery but has also solidified China's position as a pivotal hub in the aviation landscape. Notably, commercial aviation has been a cornerstone of China's aviation sector, with Boeing highlighting China as the world's largest aviation market. Bolstered by a surge in domestic air travel, surpassing even North America, China's aviation market is projected to grow at a rapid 4.4% rate by 2040.
As tensions simmer between neighboring nations and with foreign powers establishing military bases, countries in the Asia-Pacific are ramping up their military spending. For instance, in July 2023, Australia finalized an order to buy 20 Hercules military transport planes in a USD 6.6 billion deal. The new C-130J Hercules aircraft will replace and expand upon the aging fleet of a dozen planes currently operated by the Royal Australian Air Force, with delivery of the first expected from 2027. Such developments will drive the demand in the region during the forecast period.
Aircraft Paints Industry Overview
The aircraft paints market is semi-consolidated, wherein a large market share is occupied by manufacturers like Akzo Nobel N.V., PPG Industries Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co., and Hentzen Coatings Inc. Currently, most paints and coating providers are present in North America and Europe. An increase in their global presence will help them gain a competitive advantage over others.
Also, the development of paints that reduce weight, increase fuel efficiency, improve the stealth characteristics of aircraft, and are eco-friendly will help companies attain a better position in the market. In April 2023, AkzoNobel announced that airlines and operators could optimize their fleets' paint maintenance schedules through a digital management system developed by AkzoNobel's Aerospace Coatings business. Developments such as these will help companies to gain a competitive advantage over others.
Aircraft Paints Market Leaders
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PPG Industries, Inc.
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IHI Ionbond AG
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Mankiewicz Gebr. & Co.
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Hentzen Coatings, Inc.
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Akzo Nobel N.V.
*Disclaimer: Major Players sorted in no particular order
Aircraft Paints Market News
- May 2024: Deutsche Aircraft entered a strategic partnership with Airplane Painter to cater to the stripping and repainting needs of the D328 fleet. Both entities are dedicated to delivering a holistic and smooth one-stop resolution to operators for the D328 fleet concerning aircraft upkeep and painting requirements.
- July 2023: PPG announced a partnership with Satys, a French industrial group active in aircraft sealing, painting, and surface treatment, to provide electrocoating (e-coat) of original equipment manufacture (OEM) aircraft parts.
- January 2022: Sherwin-Williams Aerospace Coatings, a US-based manufacturer of high-quality exterior and interior paint and coating systems, launched the Aircraft Color Visualizer platform, an online 3D color visualizer tool that allows users to experiment with different color schemes for their aircraft. The Aircraft Color Visualizer is a fully interactive desktop tool that lets users design color schemes for six different types of aircraft. It includes kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters.
Aircraft Paints Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Liquid Coating
- 5.1.2 Power Coating
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5.2 End-User
- 5.2.1 Commercial
- 5.2.2 Military
- 5.2.3 General Aviation
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5.3 Application
- 5.3.1 Exterior
- 5.3.2 Interior
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 France
- 5.4.2.3 Germany
- 5.4.2.4 Russia
- 5.4.2.5 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 India
- 5.4.3.3 Japan
- 5.4.3.4 South Korea
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Latin America
- 5.4.4.1 Brazil
- 5.4.4.2 Rest of Latin America
- 5.4.5 Middle East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 United Arab Emirates
- 5.4.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 DuPont de Nemours, Inc.
- 6.2.2 BASF SE
- 6.2.3 3M Company
- 6.2.4 PPG Industries Inc.
- 6.2.5 Mankiewicz Gebr. & Co.
- 6.2.6 Hentzen Coatings, Inc.
- 6.2.7 Sherwin-Williams Co.
- 6.2.8 Akzo Nobel N.V.
- 6.2.9 IHI Ionbond AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAircraft Paints Industry Segmentation
An aircraft must be able to survive extreme weather, flex bends, and chemicals, among other things. As a result, aircraft paint is a specific sort of paint that is used to paint commercial aircraft, whether new or old. Epoxy and enamel paints are the most common types of paint used for these applications. These coatings are frequently costly, but they are believed to be extremely durable because aircraft operate in harsh environments.
Since aviation paint, unlike other paints used in autos and buildings, fades over time, airlines like their planes painted to match their designs and colors. As per the scope of the study, the market report covers coatings, primers, and paints for the interior and exterior parts of the aircraft. The market study will also include paints and coatings for parts and components like engines, fuel tanks, and titanium parts.
The aircraft paint market is segmented by type, end-user, application, and geography. By type, the market is segmented into liquid coating and powder coating. By end-user, the market is segmented into commercial, military, and general aviation. By application, the market is divided into exterior and interior. The report also covers the market sizes and forecasts for the aircraft paint market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Type | Liquid Coating | |
| Power Coating | ||
| End-User | Commercial | |
| Military | ||
| General Aviation | ||
| Application | Exterior | |
| Interior | ||
| By Geography | North America | United States |
| Canada | ||
| By Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Latin America | Brazil |
| Rest of Latin America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Aircraft Paints Market Research FAQs
How big is the Aircraft Paints Market?
The Aircraft Paints Market size is expected to reach USD 1.35 billion in 2024 and grow at a CAGR of 2.27% to reach USD 1.51 billion by 2029.
What is the current Aircraft Paints Market size?
In 2024, the Aircraft Paints Market size is expected to reach USD 1.35 billion.
Who are the key players in Aircraft Paints Market?
PPG Industries, Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co., Hentzen Coatings, Inc. and Akzo Nobel N.V. are the major companies operating in the Aircraft Paints Market.
Which is the fastest growing region in Aircraft Paints Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Paints Market?
In 2024, the North America accounts for the largest market share in Aircraft Paints Market.
What years does this Aircraft Paints Market cover, and what was the market size in 2023?
In 2023, the Aircraft Paints Market size was estimated at USD 1.32 billion. The report covers the Aircraft Paints Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Paints Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Paints Industry Report
The Aircraft Paint Market Report offers an extensive industry analysis, providing a comprehensive industry overview and market analysis. The market forecast indicates significant market growth, driven by various factors across the commercial, military, and general aviation sectors. The market segmentation includes types such as liquid coating and powder coating, with applications in both exterior and interior uses.
The report highlights the industry outlook for the aircraft paint market, covering key market trends and market leaders. It also provides an in-depth market review, including market value and market data, which are essential for understanding the market size and market share. The industry size and industry statistics are crucial for evaluating the market outlook and market growth.
For a detailed understanding, the report includes industry reports and industry research, offering valuable industry information and insights. The market forecast and market predictions are based on thorough research, ensuring accurate market segmentation and market value projections.
The report example and report pdf are available for those interested in a more detailed industry report. Research companies can benefit from the comprehensive analysis provided, which includes industry sales and market data. The industry trends and market segmentation are essential for understanding the market dynamics and making informed decisions.
Overall, the Aircraft Paint Market Report is a valuable resource for industry professionals, providing detailed market research and industry information that are critical for strategic planning and market positioning.
