A recent report by MarkNtel Advisors reveals that the Aircraft Paints & Coatings Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 3.98% during 2022-27. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.
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Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the Aircraft Paints & Coatings Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2022-27 as the starting point and provides forecasts for the years 2022 to 2027. All market values presented are in USD Million/Billion.
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Goals of the Aircraft Paints & Coatings Market Research Study
· To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the Aircraft Paints & Coatings Market
· To have a complete understanding of the value chain through Porter's five forces model
· To identify positioning of major participants in the Aircraft Paints & Coatings Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.
· To provide thorough information to stakeholders on growth opportunities in fast-growing segments
Market Dynamics
Key Drivers: Robust Demand for Military Aircrafts to Lead the Growth
The rise in the demand for military aircraft has assisted in increasing the production of military aircraft leading to the surge in demand for the Aircraft Paints and Coating market globally. The high demand for military aircraft is attributed to the extensive investments made by some of the world's largest air forces, such as the US, Russia, India, China, etc., to expand their existing fleet & replace the aging fleet of aircraft to maintain air superiority. Further, military hardware technologies have also tremendously improved with the advent of technologies such as AESA (Advanced Electronically Scanned Array) Radars, Improved avionics, Stealth technologies, etc. These improvements have made the older generation military aircraft significantly vulnerable to the newer generation of aircraft. Moreover, the rising number of new technologies for the up-gradation of older generation jets as well as the fresh purchase of new military aircraft has been increased globally, which further resulted in escalating the market growth. For instance:
· In the year 2021, the United Arab Emirates (UAE) signed a deal with Dassault Aviation to supply 80 Rafale multirole fighter jets for a total cost of USD18.53 billion.
Recent Developments
· In 2021, the US government signed a contract with the UAE to provide 50 American F-35 fighter aircraft, 18 MQ-9B drones, and various munitions with a total investment of USD23 billion.
· In 2020, AkzoNobel, in collaboration with Azul Airlines, created a whole new paint scheme for Embraer 195 E2. The new aircraft is named ‘Blue Macaw’.
· In 2018, the Estonia-based integrated MRO facility hanger for aircraft was expanded by 1628 sq.m. by Magnetic MRO for Airbus A320. The expansion project collaborated with AkzoNobel for MRO & Paint repair services.
A Detailed Analysis of Major Segments Driving the Aircraft Paints & Coatings Market Growth
In this section, the report explores the Aircraft Paints & Coatings Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.
Based on Resin Type
- Polyurethane
- Epoxy
- Others (Silicone, Polyester and Acrylic)
Based on Technology
- Water Based
- Solvent Based
- Powder Coating
Based on Demand Type
- OEM
- MRO
Based on End-User Industry
- Commercial Aviation
- Military Aviation
- Civil Aviation
Based on Application
- Interior
- Exterior
Geographically, the Aircraft Paints & Coatings Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Note: The Aircraft Paints & Coatings Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.
Aircraft Paints & Coatings Market Research Report: Key Questions Addressed
· What is the estimated size, share, & CAGR of the Aircraft Paints & Coatings Market during 2022-27?
· Which segments & sub-segments are considered most prevalent in the Aircraft Paints & Coatings Market research study?
· What are the major regions/countries would offer remunerative prospects to the key players in the Aircraft Paints & Coatings Market?
· What are the geographical trends and recent developments in the Aircraft Paints & Coatings Market?
· Which products/services would witness rapidly growing demand in the Aircraft Paints & Coatings Market through 2027?
A Detailed Assessment of Major Companies in the Aircraft Paints & Coatings Market and their Key Growth Strategies
The competitive landscape section of the report unveils the top players in the Aircraft Paints & Coatings Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.
Companies like,
- PPG Industries, Inc.
- Akzonobel N.V.,
- Mankiewicz Gebr. & Co
- The Sherwin-Williams Company
- BASF SE
- Henkel AG & Co. KGaA
- Hentzen Coatings, Inc.
- IHI Ionbond AG
- Aalberts surface treatment GmbH
- Zircotec Ltd.
- Mapaero
- DuPont
- 3M Co
- Walter Wurdack Inc
- Brycoat, Inc.
- Others
often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.
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About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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