Aero-Engine Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Aero-engines are getting hotter day by day in order to address the airlines' ever-lasting demand for aircraft that consumes lesser fuel and emits lower carbon oxide and nitrogen oxide. Aero-engine sections, especially, turbine and combustor, are experiencing temperatures above 3,000-degree Fahrenheit. Superalloys used in these sections generally melt at temperatures hundreds of degrees lower. Here, coatings play a pivotal role in surviving these superalloys from such extreme temperatures. The purpose of coatings is to not only to protect engine parts from such high temperatures but also protect them against oxidation, corrosion, wear, erosion, and fouling.

MARKET SCOPE

The "Global Aero-Engine Coatings Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aero-engine coatings market with detailed market segmentation by aircraft type, engine type, form type, application type and geography. The report provides key statistics on the market status of the leading aero-engine coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on aircraft type, the global aero-engine coatings market is segmented into commercial aircraft, military aircraft
•   On the basis of engine type, the market is segmented turbofan engine, turbojet engine, turboprop engine, turboshaft engine
•   On the basis of form type, the market is segmented powder coating, liquid coating, wired coating
•   On the basis of application type, the market is segmented turbine section, combustion section, compressor section, afterburner section, bearings and accessories

MARKET DYNAMICS

Drivers:

•   Gradual increase in the air passenger traffic, which impelled the major OEMs to increase the production rates of their best-selling aircraft programs.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aero-engine coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aero-engine coatings market in these regions.

IMPACT OF COVID-19 ON AERO-ENGINE COATINGS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the aero-engine coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aero-engine coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for aero-engine coatings in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aero-engine coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AandA Thermal Spray Coatings
•   AkzoNobel
•   APS Materials, Inc
•   Boeing
•   Chromalloy Gas Turbine LLC
•   Indestructible Paint Limited
•   Lincotek Rubbiano S.p.A.
•   OC Oerlikon Management AG
•   Praxair S.T. Technology, Inc
•   Henkel Adhesives Technologies

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aero-Engine Coatings Report Scope