Report Code: A07382 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aero Engine Coatings Market
Request Now !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.
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.
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.
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.
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Aero Engine Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027 Report Highlights
Aspects | Details |
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By Aircraft |
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By Engine |
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By Process |
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By Form |
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By Application |
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By Region |
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Key Market Players | Indestructible Paint Limited, Praxair S.T. Technology, Inc., PPG Industries, Inc., United coatings Group, DowDuPont Inc., Chromalloy Gas Turbine LLC, APS Materials, Inc., TURBOCAM, Inc., A&A Thermal Spray Coatings, OC Oerlikon Corporation AG |
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