Global Commercial Aviation Aircraft Paint Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Enamel, Epoxy), By Aircraft Type (Narrow Body, Wide Body, Regional Jets), By Application (Interior, Exterior), And By Geography - Forecasts From 2024 To 2029

The commercial aviation aircraft paint market is projected to rise at a compound annual growth rate (CAGR) of 19.26% to reach a market valuation of US$88.906 billion by 2029, from US$25.904 billion in 2022.

The aerospace industry depends heavily on aircraft paints, also known as aviation coatings or aircraft paints, as they provide aircraft surfaces with both protective and aesthetically pleasing qualities. The specific challenges found in aviation environments, such as exposure to a variety of weather conditions, high altitudes, and extremely high temperatures, are intended to be overcome by these coatings. Aviation paints are used primarily to protect structural components of aircraft from corrosion, maintain aerodynamic efficiency, and guard against ultraviolet (UV) ray damage.  These coatings are designed to withstand the forces involved in takeoffs, landings, and flight, in addition to enhancing the aircraft's overall appearance and uniqueness. The market for commercial aviation aircraft paints is anticipated to grow during the forecast period due to the expansion of the aviation industry, which is being driven by an increase in the deliveries of both military and commercial aircraft. The need to renovate older, operational aircraft drives the market.

Growing commercial aviation sector propels the market.

Moreover, with the increasing demand for commercial aircraft, the need for aircraft paints is anticipated to grow rapidly in the upcoming years due to the increase in domestic travel. For instance, the airlines significantly increased their aircraft purchases to meet the growing demand for air travel. Airbus had delivered 661 aircrafts in 2022 and received 735 orders during 2023. Therefore, it is anticipated that commercial aircraft will continue to be produced and delivered throughout the forecast period. The commercial segment of the aircraft paints market is anticipated to grow as a result of the production and delivery of commercial aircraft.

Moreover, there has been a notable increase in the number of passengers using air transportation. For instance, the Indian Brand Equity Foundation reports that the number of domestic passengers increased from 167 million in 2022 to 270 million in 2023 and international passengers increased from 22 million in 2022 to 56 million in 2023. The availability of inexpensive airline tickets and travelers' growing inclination to spend on vacations and leisure travel are the main reasons for the tourism industry's growth, which in turn is accelerating the use of air travel as a mode of transportation. Among the other factors supporting the commercial aviation industry globally are the growing number of business travelers and the rise in air cargo loads.

The market is projected to grow in the Asia Pacific region.

The Asia Pacific region is anticipated to grow at a significant rate in the forecast period as the region has experienced a notable surge in air passenger traffic, primarily attributable to its tourist destinations and the accessibility of air travel. This trend is anticipated to persist throughout the forecast period. North America and European regions are also expected to have subsequent market shares.

Key Market Developments:

• In July 2023, PPG revealed its collaboration with Satys, a French industrial conglomerate specializing in aircraft sealing, painting, and surface treatment. The partnership aims to offer electrocoating (e-coat) services for manufacturing original equipment (OEM) aircraft components.
• In July 2023, GE Aerospace collaborated with NASA to reveal the paint design for the hybrid electric aircraft it plans to fly as a component of NASA's Electrified Powertrain Flight Demonstration (EPFD) initiative. Within the EPFD project, GE Aerospace is working on developing a megawatt-class hybrid electric powertrain for both ground and flight trials, expected to occur in the mid-2020s. Boeing and its subsidiary, Aurora Flight Sciences, are partnering with GE Aerospace to facilitate the flight tests, utilizing a modified Saab 340B aircraft equipped with GE's CT7 engines.
• In April 2023, AkzoNobel created the Aerofleet Coatings Management system using information collected over a number of years. It will be beneficial to make sure that aircraft are repainted only when necessary and not just in accordance with a set schedule.
• In January 2022, Sherwin-Williams Aerospace Coatings, a US-based company known for producing top-notch exterior and interior paint and coating solutions, introduced the Aircraft Color Visualizer platform. This online tool is a 3D color visualizer that enables users to explore various color combinations for their aircraft. The Aircraft Color Visualizer is an interactive desktop application that allows users to customize color schemes for six different types of aircraft, including kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters.

Key Players:

• 3M is a leading provider of commercial aviation aircraft paint globally. The company provides a tremendous breadth of aircraft painting solutions that deliver excellent results for commercial aviation products.
• PPG Industries, Inc. is a key market player, providing innovative and cutting-edge solutions for the aerospace industry. It offers an extensive array of services for coatings which are applied on nearly every surface of the aircraft structure and exterior.
•  Akzo Nobel N.V. is a major company delivering high-performance coating solutions for aircraft worldwide. The company is building new strategic partnerships to deliver unique technological insights and solutions. The company creates market-leading products and technologies with world-class innovative coatings for aircraft.

Global Commercial Aviation Aircraft Paint Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$25.904 billion
Market Size Value in 2029	US$88.906 billion
Growth Rate	CAGR of 19.26% from 2022 to 2029
Base Year	2022
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Aircraft Type Application Geography
Companies Covered	3M PPG Industries, Inc. Akzo Nobel N.V. Mankiewicz Gebr. & Co (GmbH & Co. KG) The Sherwin-Williams Company
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Type:
  • Enamel
  • Epoxy
• By Aircraft Type:
  • Narrow Body
  • Wide Body
  • Regional Jets
• By Application:
  • Interior
  • Exterior
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. COMMERCIAL AVIATION AIRCRAFT PAINT MARKET, BY TYPE

5.1. Introduction

5.2. Enamel

5.2.1. Market Opportunities and Trends

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Epoxy

5.3.1. Market Opportunities and Trends

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. COMMERCIAL AVIATION AIRCRAFT PAINT MARKET, BY AIRCRAFT TYPE

6.1. Introduction

6.2. Narrow Body

6.2.1. Market Opportunities and Trends

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Wide Body

6.3.1. Market Opportunities and Trends

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Regional Jets

6.4.1. Market Opportunities and Trends

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. COMMERCIAL AVIATION AIRCRAFT PAINT MARKET, BY APPLICATION

7.1. Introduction

7.2. Interior

7.2.1. Market Opportunities and Trends

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Exterior

7.3.1. Market Opportunities and Trends

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. COMMERCIAL AVIATION AIRCRAFT PAINT MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Aircraft Type

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Opportunities and Trends

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Opportunities and Trends

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Opportunities and Trends

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Type

8.3.2. By Aircraft Type

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Opportunities and Trends

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Opportunities and Trends

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Opportunities and Trends

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Type

8.4.2. By Aircraft Type

8.4.3. By Application

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Opportunities and Trends

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Opportunities and Trends

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Opportunities and Trends

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Opportunities and Trends

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Opportunities and Trends

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Opportunities and Trends

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Aircraft Type

8.5.3. By Application

8.5.4. By Country

8.5.4.1. UAE

8.5.4.1.1. Market Opportunities and Trends

8.5.4.1.2. Growth Prospects

8.5.4.2. Saudi Arabia

8.5.4.2.1. Market Opportunities and Trends

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Opportunities and Trends

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Aircraft Type

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.1.1. Market Opportunities and Trends

8.6.4.1.2. Growth Prospects

8.6.4.2. India

8.6.4.2.1. Market Opportunities and Trends

8.6.4.2.2. Growth Prospects

8.6.4.3. Japan

8.6.4.3.1. Market Opportunities and Trends

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Opportunities and Trends

8.6.4.4.2. Growth Prospects

8.6.4.5. Indonesia

8.6.4.5.1. Market Opportunities and Trends

8.6.4.5.2. Growth Prospects

8.6.4.6. Others

8.6.4.6.1. Market Opportunities and Trends

8.6.4.6.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. 3M

10.2. PPG Industries, Inc.

10.3. Akzo Nobel N.V.

10.4. Mankiewicz Gebr. & Co (GmbH & Co. KG)

10.5. The Sherwin-Williams Company

10.6. The Carlyle Group (Axalta Coating Systems)

10.7. APV Engineered Coatings

10.8. Walter Wurdack Inc.

10.9. Hentzen Coatings, Inc 

10.10. IHI Ionbond Ag

10.11. Egeria (MAAS Aviation)

3M

PPG Industries, Inc.

Akzo Nobel N.V.

Mankiewicz Gebr. & Co (GmbH & Co. KG)

The Sherwin-Williams Company

The Carlyle Group (Axalta Coating Systems)

APV Engineered Coatings

Walter Wurdack Inc.

Hentzen Coatings, Inc 

IHI Ionbond Ag

Egeria (MAAS Aviation)