Global Aero-Engine Coating Market, By Aircraft Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, Helicopter), Engine Type (Turbofan Engine, Turbojet Engine, Turboprop Engine, Turboshaft Engine), Process Type (Spray Process, EBPVD Process, Others), Form Type (Powder Coatings, Liquid Coatings, Wired Coatings), Application Type (Turbine Section, Combustion Section, Compressor Section, Afterburner Section, Bearings & Accessories), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Aero-Engine Coating Market
The aero-engine coating market will reach at an estimated value of USD 75.50 billion and grow at a rate of 5.60% for the forecast period of 2021 to 2028. Rise in the production rates of key aircraft programs, such as B737, B787, A320, and A350XWB to support rising passenger traffic is a vital factor driving the growth of aero-engine coating market.
Coatings are very importance to enhance the performance and lifetime of aero engines and coatings such as thermal barrier coating (TBC) and abradable coatings function as thermal barriers and also helps in improving the efficiency and performance of aero-engines. They help in protecting the engine components such as actuator components, afterburner assemblies, bearing and accessories, combustion chambers, combustion flame tubes, and others from corrosion, wear, erosion, fouling, and heat.
Rising focus on engine safety and improving efficiency is the vital factor escalating the market growth, also increased procurement of new aircraft, growing demand for military aircraft engines, rising production rates of commercial and regional aircraft, rising development of high-thrust engines along with the rising requirement of high-performance coatings and coatings on complex-shaped engine parts are the major factors among others driving the aero-engine coating market. Moreover, rise in the investments in new generation aircraft to modernize and strengthen their defense forces, rising technological advancements and modernization in the production techniques and rising research and development activities in the market will further create new opportunities for the aero-engine coating market in the forecast period of 2021- 2028.
However, aero-engine coating releases harmful VOCs during coating operations which acts as the major factors among others acting as restraints, while lack of awareness about phenolic panels among end users will further challenge the growth of aero-engine coating market in the forecast period mentioned above.
This aero-engine coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aero-engine coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aero-Engine Coating Market Scope and Market Size
- The aero-engine coating market is segmented on the basis of aircraft type, engine type, process type, form type and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of aircraft type, the aero-engine coating market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation and helicopter.
- Based on engine type, the aero-engine coating market is segmented into turbofan engine, turbojet engine, turboprop engine and turboshaft engine.
- Based on process type, the aero-engine coating market is segmented into spray process, EBPVD process and others.
- Based on form type, the aero-engine coating market is segmented into powder coatings, liquid coatings, and wired coatings.
- The aero-engine coating market is also segmented on the basis of application type into turbine section, combustion section, compressor section, afterburner section, and bearings & accessories.
Aero-Engine Coating Market Scope Country Level Analysis
The aero-engine coating market is analysed and market size, volume information is provided by country, aircraft type, engine type, process type, form type and application type as referenced above.
The countries covered in the aero-engine coating market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the aero-engine coating market due to rising procurement of new aircraft, growing demand for military aircraft engines, rising production rates of commercial and regional aircraft, rising development of high-thrust engines along the rising requirement of high-performance coatings and coatings on complex-shaped engine parts in this region.
The country section of the aero-engine coating market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aero-Engine Coating Market Share Analysis
The aero-engine coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aero-engine coating market.
The major players covered in aero-engine coating market report are A&A Thermal Spray Coatings, Airbus S.A.S, Akzo Nobel N.V, Boeing, Chromalloy Gas Turbine LLC, DuPont, Indestructible Paint Limited, Lincotek Group S.p.A, OC Oerlikon Management AG and PPG Industries, Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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