Global Aircraft Paints & Coatings Market Research Report: Forecast (2022-2027)

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Aircraft Paints Coatings Market
2022-2027
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Market Insights
The Global Aircraft Paints and Coatings Market is
projected to grow at a CAGR of around 3.98
during the forecast period, 2022-27. An increase
in the production of new commercial aircraft
military aircraft has contributed to the increase
in demand for paints coatings globally.
However, due to the COVID-19 pandemic in 2020,
the demand for commercial aircraft nosedived,
resulting in declining demand for paints
coatings for the manufacturing of new aircraft.
Moreover, with the sustained demand for new
military jets, the paint coating industry
witnessed a steady increase in 2021.
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Market Driver
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.
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Market Segmentation
By Resin Type Polyurethane, Epoxy, Others
(Silicone, Polyester, and Acrylic)
By Technology Water-based, Solvent-based, Powder
Coating
By Demand Type OEM, MRO
By Region North America, South America, Europe,
the Middle East Africa, Asia-Pacific
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