Aero Engine Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027

Aero Engine Coatings Market Analysis 2020-2027:

Aero engine coatings improve performance and lifetime of aero engines. They protect the engine from oxidation, corrosion, wear, erosion, and fouling. Aero engine sections generally experience high temperature, which can cause the superalloys to melt. Therefore, aero engine coating helps the alloy to withstand high temperatures. Moreover, increased safety and efficiency provided by aero engine coating makes it preferable by many companies. The rise in development in the aircraft industry is expected to propel the aero engine coatings market growth over the forecast period.

COVID–19 scenario analysis

The aircraft industry is one of the most effected industries across the globe due to the coronavirus outbreak. Governments have established international travel ban to prevent the further spread of the virus. This has reduced the demand for aircraft transport drastically. Many airlines have halted the production of new aircraft. Various companies, such as Airbus and Boeing, have halted their production due to the stay home initiative by several governments. These factors are expected to reduce the demand for aero engine coatings over the forecast period.

Market scenario analysis

The rise in development in the aircraft industry is the major factor that is expected to propel the aero engine coatings market growth. Moreover, increased investment from various government and private firms in developing countries is also expected to boost the aircraft industry, thereby increasing the demand for aero engine coatings. Increased developmental activities in emerging economies and rise in export & import further fuel the market growth. Technological advancement in aero engine coating is expected to increase the product safety and efficiency of aero engines over the forecast period. However, increased VOC emission during the coating process is expected to hinder the market growth over the forecast.

Market trends

One of the major trends observed over the years is the increase in demand for military aircraft. Countries are investing more to develop military advantage over other countries. Several governments invest more to manufacture military aircraft such as helicopters and fighter jet. Therefore, these factors are expected to boost the demand for aero engine coatings over the forecast period.

Regional insights

North America is the global market leader of the aero engine coatings market. The region owns one of the largest fleets of commercial aircraft across the globe. Moreover, it owns a large number of commercial and military aircraft. Technological advancements and high investments from the government are expected to boost the market growth in the region.

Key benefits of the report:

• This study presents the analytical depiction of the aero engine coatings market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aero engine coatings market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the aero engine coatings market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aero engine coatings market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Key Market Segments

 
Key Market Players

• Praxair S.T. Technology, Inc.
• A&A Thermal Spray Coatings
• TURBOCAM, Inc.
• APS Materials, Inc.
• United coatings Group
• DowDuPont Inc.
• PPG Industries, Inc.
• Indestructible Paint Limited
• Chromalloy Gas Turbine LLC
• OC Oerlikon Corporation AG