Aero Engine Coatings Market Size, Share

Aero Engine Coatings Market Analysis :

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 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?

Aero Engine Coatings Market Report Highlights

Aspects	Details
By Aircraft	Commercial Aircraft Regional Aircraft General Aviation Helicopter Military Aircraft
By Engine	Turbofan Engine Turbojet Engine Turboprop Engine Turboshaft Engine
By Process	Spray Process EBPVD Process Others
By Form	Powder Coating Liquid Coating Wired Coating
By Application	Turbine Section Combustion Section Compressor Section Afterburner Section Bearings & Accessories
By Region	North America (US, Canada) Europe (Germany, UK, France, rest of Europe) Asia-Pacific (China, Japan, India, rest of Asia-Pacific) Latin America (Brazil, Mexico, rest of LATAM) the Middle East Africa
Key Market Players	DowDuPont Inc., APS Materials, Inc., OC Oerlikon Corporation AG, PPG Industries, Inc., A&A Thermal Spray Coatings, Praxair S.T. Technology, Inc., United coatings Group, Chromalloy Gas Turbine LLC, Indestructible Paint Limited, TURBOCAM, Inc.