Vendor Landscape
The aircraft paint market is fragmented and the vendors are deploying growth strategies such as the expansion of product portfolio to compete in the market.
- 3M Co.- It is a public company headquartered in the US. It is a global company generating USD 35,355 million in revenues and has around 95,000 employees. Its revenue from the global aircraft paint market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers aircraft paint products such as 3M Edge Sealer ES2000, 3M Scotch-Weld Tamper Proof Sealant EC-1252, and 3M Scotch-Sea Tamper Proof Sealant 1252.
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Latest Drivers & Trends of the Global Aircraft Paint Market
- Market Driver:
- Rising manufacturing of commercial aircraft in emerging economies:
One of the key factors driving the global aircraft paint market growth is the growing demand and manufacturing of commercial aircraft in countries such as India, China, and others. For instance, Indian civil aviation industry is moving from nascency towards the growth phase and progressing rapidly in the area of aircraft manufacturing. The Indian government announced a plan to increase the number of airports from 138 to 220 in the next four to five years, as building infrastructure in the aviation sector is crucial. In addition, major aircraft OEMs have initiated revamping their existing production facilities to ensure scheduled deliveries. For instance, in 2021, the reported delivery total for Airbus includes 611 commercial aircraft to 88 customers, up from 566 in 2020. Such factors are expected to drive the growth in the market in focus during the forecast period.
- Market Trend:
- Technological innovations:
Another key factor driving the global aircraft paint market growth is technological innovations. For instance, one weight-reducing product is PPG AEROCRON chrome-free, electrocoat (e-coat) primer, which is used to coat structural parts by electrodeposition instead of a traditional spray process and provides a more uniform film thickness on the part. This can result in up to 75% weight savings on highly complex parts. Aerospace coatings or paints customer needs are centered around three key areas: faster processing times, durability, and the application of thinner films to save weight. Vendors have been significantly making advancements in paints and related technologies. For instance, in December 2021, Sherwin-Williams Aerospace Coatings introduced the Aircraft Color Visualizer, which is a web-based tool that enables plane owners, paint shops, aircraft designers, OEMs, and aviation enthusiasts to experience color combinations on a variety of aircraft types digitally. Such factors will further support the market growth in the forecast period.
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Key Market Segmentation
- Segmentation by End-user:
The aircraft paint market share growth by the commercial segment will be significant during the forecast period. The growth can be attributed to the increasing number of air passengers and the rising shipment through air cargo owing to technological advancement and the increasing preference of consumers for air travel.
- Military
- General aviation
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Our Aircraft Paint Market Report Covers the Following Areas:
Regional Market Outlook
55% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for aircraft paint in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in air fleet and the rise in the number of air travelers will facilitate the aircraft paint market growth in APAC over the forecast period.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Aircraft Paint Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist aircraft paint market growth during the next five years
- Estimation of the aircraft paint market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft paint market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft paint market vendors
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Aircraft Paint Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.72% |
Market growth 2022-2026 |
$ 193.78 million |
Market structure |
Fragmented |
YoY growth (%) |
3.69 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 55% |
Key consumer countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., A and A Thermal Spray Coatings, Akzo Nobel NV, APS Materials Inc., APV Engineered Coatings Inc., Axalta Coating Systems Ltd., BASF SE, Chromalloy Gas Turbine LLC, DuPont de Nemours Inc., Henkel AG and Co. KGaA, Hentzen Coatings Inc., Hisco Inc., IHI Corp., Indestructible Paint Ltd., Linde Plc, Mankiewicz Gebr. and Co., OC Oerlikon Corp. AG, PPG Industries Inc., The Sherwin-Williams Co., and Walter Wurdack Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Commercial - Market size and forecast 2021-2026
- Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
- 5.4 Military - Market size and forecast 2021-2026
- Exhibit 32: Chart on Military - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Military - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Military - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Military - Year-over-year growth 2021-2026 (%)
- 5.5 General aviation - Market size and forecast 2021-2026
- Exhibit 36: Chart on General aviation - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on General aviation - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on General aviation - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on General aviation - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 3M Co.
- Exhibit 93: 3M Co. - Overview
- Exhibit 94: 3M Co. - Business segments
- Exhibit 95: 3M Co. - Key news
- Exhibit 96: 3M Co. - Key offerings
- Exhibit 97: 3M Co. - Segment focus
- 10.4 Akzo Nobel NV
- Exhibit 98: Akzo Nobel NV - Overview
- Exhibit 99: Akzo Nobel NV - Business segments
- Exhibit 100: Akzo Nobel NV - Key news
- Exhibit 101: Akzo Nobel NV - Key offerings
- Exhibit 102: Akzo Nobel NV - Segment focus
- 10.5 BASF SE
- Exhibit 103: BASF SE - Overview
- Exhibit 104: BASF SE - Business segments
- Exhibit 105: BASF SE - Key news
- Exhibit 106: BASF SE - Key offerings
- Exhibit 107: BASF SE - Segment focus
- 10.6 DuPont de Nemours Inc.
- Exhibit 108: DuPont de Nemours Inc. - Overview
- Exhibit 109: DuPont de Nemours Inc. - Business segments
- Exhibit 110: DuPont de Nemours Inc. - Key offerings
- Exhibit 111: DuPont de Nemours Inc. - Segment focus
- 10.7 Henkel AG and Co. KGaA
- Exhibit 112: Henkel AG and Co. KGaA - Overview
- Exhibit 113: Henkel AG and Co. KGaA - Business segments
- Exhibit 114: Henkel AG and Co. KGaA - Key news
- Exhibit 115: Henkel AG and Co. KGaA - Key offerings
- Exhibit 116: Henkel AG and Co. KGaA - Segment focus
- 10.8 Hentzen Coatings Inc.
- Exhibit 117: Hentzen Coatings Inc. - Overview
- Exhibit 118: Hentzen Coatings Inc. - Product / Service
- Exhibit 119: Hentzen Coatings Inc. - Key offerings
- 10.9 IHI Corp.
- Exhibit 120: IHI Corp. - Overview
- Exhibit 121: IHI Corp. - Business segments
- Exhibit 122: IHI Corp. - Key news
- Exhibit 123: IHI Corp. - Key offerings
- Exhibit 124: IHI Corp. - Segment focus
- 10.10 Mankiewicz Gebr. and Co.
- Exhibit 125: Mankiewicz Gebr. and Co. - Overview
- Exhibit 126: Mankiewicz Gebr. and Co. - Product / Service
- Exhibit 127: Mankiewicz Gebr. and Co. - Key offerings
- 10.11 PPG Industries Inc.
- Exhibit 128: PPG Industries Inc. - Overview
- Exhibit 129: PPG Industries Inc. - Business segments
- Exhibit 130: PPG Industries Inc. - Key news
- Exhibit 131: PPG Industries Inc. - Key offerings
- Exhibit 132: PPG Industries Inc. - Segment focus
- 10.12 The Sherwin-Williams Co.
- Exhibit 133: The Sherwin-Williams Co. - Overview
- Exhibit 134: The Sherwin-Williams Co. - Business segments
- Exhibit 135: The Sherwin-Williams Co. - Key news
- Exhibit 136: The Sherwin-Williams Co. - Key offerings
- Exhibit 137: The Sherwin-Williams Co. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources
- 11.5 List of abbreviations
- Exhibit 144: List of abbreviations
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