According to latest research, the aero engine coatings market is set to witness steady growth during 2021-2031.
Demand for aero engine coatings will witness sound recovery in short-term, with optimistic growth outlook in the long-run. Growing demand from aviation industry will have boundless opportunities in near future and sales of aero engine coatings in aircraft manufacturing sector will provide momentum.
What is Driving Demand for Aero Engine Coatings
Aero-engines are becoming hotter by the day to meet airlines’ ever-increasing demand for aircraft that use less fuel and generate less carbon dioxide and nitrogen oxide. Temperatures in aero-engine parts, particularly the turbine and combustor, are exceeding 3,000 degrees Fahrenheit.
These portions use super alloys that melt at temperatures hundreds of degrees lower. Coatings are essential for these super alloys to withstand such extreme temperatures.
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Engine parts are coated to protect them from oxidation, corrosion, wear, erosion, and fouling, as well as extreme temperatures. In an aero-engine, multiple coatings are applied to various components.
For example; Heat barrier coatings are applied to turbine blades to allow components to function at a greater temperature while reducing thermal exposure and providing oxidation resistance, resulting in a longer lifespan.
Technology Trend and Need of High Powered Engine Likely to Increase the Sale of Aero Engine Coatings
The certification of the B737Max by the Federal Aviation Administration (FAA) and other regulatory agencies, as well as the use of modern materials in critical engine sections and developments in the coating system and method, are all likely to return the industry to growth.
Furthermore, the growth of high-thrust engines, together with the demand for high-performance coatings and the coating of complex-shaped engine parts, is encouraging coating providers to develop new coating systems and sophisticated deposition techniques, boosting sales during the projection period.
Aero engine manufacturers continue to seek out innovative materials in order to enhance fuel efficiency, lower MRO costs, and extend component life.
Engine OEMs have intentionally utilised innovative materials such as titanium and ceramic matrix composites in their latest engine series to maximise the benefits.
Such adoption of advanced material is shuffling the dynamics of the aero engine coatings market. Major coating supplier are working for the development of advanced coating system addressing the industry requirement. As a result, market will increase in coming years.
North America Aero Engine Coatings Market Outlook
During the forecast period, North America is expected to maintain its dominance in the global market.
The number of instances of COVID-19 has been rising in the United States, prompting governments to declare a state of emergency and shut down industrial plants.
As a result, the growth of the region’s aviation industry, especially aero-engine coatings, is suffering. All of the major aero-engine suppliers’ engine assembly plants, on the other hand, ensure the region’s unquestionable lead in the global market.
East Asia Aero Engine Coatings Market Outlook
Many countries in East Asia have been severely impacted by the COVID-19 crisis, which led a decline in economies activities.
However, the government spending millions of dollars in the aviation industry to help steer green air transportation to drive demand for aero engine coatings.
Increasing need for commercial aircraft to handle rising passenger traffic, as well as the establishment of Boeing and Airbus assembly lines in China for the B737, A320, and A330, as well as the development of indigenous commercial and regional aircraft.
In addition, leading aero engine manufacturers’ new facilities in the region to create aero engine parts are likely to boost demand for aero engine coatings in the region.
Who are the Key Manufacturers and Suppliers of Aero Engine Coatings
Some of the leading manufacturers and supplier of aero engine coatings include
- Praxair Inc.,
- OC Oerlikon Corporation AG,
- Chromalloy Gas Turbine LLC,
- PPG Industries Inc.,
- Akzo Nobel N.V.,
- Dupont de Nemours, Inc.,
- Indestructible Paint Ltd.,
- A&A Company Inc.,
- APS Materials, Inc.,
- Lincotek Group S.p.A.,
- and others.
Many leading manufacturers and supplier have longstanding service contracts with aero engine manufacturers to supply aero engine coatings.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprints
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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Key Segments
By Aircraft Type:
- Commercial
- Regional
- General
- Military
By Engine Type:
- Turbofan Engine
- Turbojet Engine
- Turboprop Engine
- Turboshaft Engine
By Process Type:
- Spray Process
- EBPVD Process
- Others
By Form Type:
- Power Coating
- Liquid Coating
- Wired Coating
By Application:
- Turbine Section
- Combustion Section
- Compressor Section
- Afterburner Section
- Bearing & Accessories
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- South Asia Pacific
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa