Global Commercial Aviation Aircraft Paint Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Enamel, Epoxy), By Aircraft Type (Narrow Body, Wide Body, Regional Jets), By Application (Interior, Exterior), And By Geography - Forecasts From 2022 To 2027

Published:  Aug 2022 Report Code: KSI061613861 Pages: 145

The global commercial aviation aircraft paint market was estimated at US$18.463 billion in 2020, growing at a CAGR of 19.92% reaching a market size of US$65.860 billion by 2027.

An aircraft must withstand harsh weather conditions, flex bends, and chemicals, among others. Thus, aircraft paint is a special type of paint used to paint commercial aviation aircraft, whether new or old. There are mainly two types of paints used for these purposes; those are epoxy and enamel. This type of paint is often expensive and is considered highly durable as an aircraft operates under highly unfavourable conditions. The aircraft paint unlike other paints in automobiles, and buildings, fades off after years of usage.  Thus, airlines prefer to get their planes painted as per their designs and colours. Therefore, the growing aviation industry has further led to an increase in the number of aircraft trips, thus leading to more wear and tear. Also, the increasing investments by airline companies for the procurement of new next-generation aircraft are projected to positively impact the market growth during the forecast period.

 Growing disposable income, growing business travel, and significant growth in medical tourism are some of the major factors that have augmented air travel globally. Also, the increase in new aircraft delivery further plays a significant role in shaping the market growth throughout the forecast period. Additionally, the increased spending by companies on aircraft repairs and maintenance is further expected to amplify the commercial aviation aircraft paint market during the forecast period.

The growing commercial aviation sector

The commercial aviation sector includes that part of civil aviation in which the hiring of aircraft is done for passenger transport operations or cargo transport operations. The market is primarily driven by the fact that the aviation sector around the globe is increasing due to the growth in the tourism industry around the globe. The upsurge in the frequency of the number of trips per flight is further providing an impetus to the market as more trips will lead to early deterioration of the plane’s paint, which in turn will positively impact the demand during the next five years. The aircraft companies are expanding their operations to new countries and opening new routes for their flights, which in turn is expected to augment the demand for aircraft as well as boost air travel. Thus, the increasing number of aircraft deliveries owing to the growing number of daily air passengers as well as the replacement of the ageing aircraft fleet is further expected to amplify the demand for aviation aircraft paint during the forecast period. This can be backed up by the fact that the number of air passengers who have travelled through air transport has increased at a significant pace in the past years. For example, according to data by the World Bank Group, the number of air passengers (domestic and international) reached 4.233 billion by 2018 from 2.628 billion in 2010. The tourism industry is growing primarily due to the availability of cheap air tickets and the increased propensity of travellers to spend on holidays and leisure trips, which is further propelling the adoption of air transport as a means of travel. The increasing number of business travellers coupled with the increase in air cargo load are some of the additional factors augmenting the commercial aviation industry globally.

The commercial aviation aircraft paint market has been segmented as type, aircraft type, application, and end-user. By type, the segmentation of the commercial aviation aircraft paint market has been done as enamel and epoxy. By aircraft type, the market has been classified into narrow-body, wide-body, and regional jets. By application, the market has been segmented into interior and exterior. By geography, the distribution of the market has been done based on North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The narrow Body segment will expand significantly. By aircraft type, narrow-bodied aircraft are anticipated to witness promising growth during the forecast period, primarily due to the growing demand for narrow-bodied aircraft. The need for the replacement of many ageing mid-size aircraft due to operating efficiency has led to a significant increase in production. The increasing number of aircraft launches in the narrow-body segment is also positively influencing the market growth during the forecast period. For example, Embraer plans to introduce the new Super Mid-size Praetor 600 aircraft in Q2 2019 and the Mid-size Praetor 500 in Q3 2019. Widebody aircraft to hold a substantial market share throughout the forecast period due to the growing demand for large-sized aircraft owing to the expanding fleet size. The growing demand for passenger flights has led the airlines to expand their fleet with large-size aircraft. For example, Turkish Airlines announced the purchase of 60 wide-body planes from both Airbus and Boeing in 2017.  The need for new aircraft to replace the old ones will also have a significant positive impact on the market. As per data by Boeing, about 100 aircraft retire every year globally, and by 2021 to 2022, there will be about 200 aircraft retiring every year, which is expected to further expand the business growth opportunities for the paint manufacturers during the next five years. Thus, the demand for new aircraft to replace the old, retiring aircraft as well as to compete with the increasing number of passengers across the globe will lead to the rising need for a large aerospace market, thus, boosting the growth of the market during the given forecast period.

Exterior to hold a sizable share By application, the exterior paint segment is expected to hold a significant market share throughout the next five years because exterior paints are frequently changed due to more wear and tear as exterior paints withstand more harsh environments. Interior paints are anticipated to witness promising growth because airline companies get their planes painted as per their interior designs and airline colours.

APAC will have a sizable market share. Geographically, the Asia Pacific region is expected to hold a dominating share in the commercial aviation aircraft paint market owing to the presence of two of the largest aviation services market in the world, China and India. Moreover, the domestic airline operating across these economies are opting for fancy themes with attractive colours to attract more customers, which in turn is expected to increase the demand for paints, thereby positively impacting the market growth to some extent during the forecast period.

Competitive Insights

Prominent/major key market players in the global commercial aviation aircraft paint market include 3M, PPG Industries Inc., and Akzo Nobel, among others. The players in the global commercial aviation aircraft paint market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive positions and strategies.  The report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these important players in the commercial aviation aircraft paint market.

Recent Developments

Constant Aviation announced significant enhancements to their aircraft painting business in Orlando Sanford Airport in May 2021. The paint shop is part of a full-service MRO centre that can handle large-cabin aircraft like the Gulfstream 650, Dassault Falcon 7X, and Bombardier Global.

MAAS Aviation inaugurated a new purpose-built paint shop near Kaunas Airport in February 2021. (KUN). The ultra-modern Lithuanian establishment is a twin-bay thin body paint shop that can paint up to two A321-sized planes at the same time.

The outbreak of COVID-19 on Commercial Aviation Aircraft Paint Market

The outbreak of COVID-19 is expected to hamper the market growth to some extent especially during the short run due to a slump in the aviation industry globally. Also, a halt in aircraft manufacturing due to supply chain disruptions and a decline in demand is further expected to negatively impact the market growth during the short run.

The figure above represents the decline in the number of active fleets by aircraft type globally before and after the outbreak of the coronavirus disease. The outbreak of the disease is expected to moderately hamper the market’s growth to some extent during the short run because of the temporary suspension in the activities across the aviation sector due to government restrictions such as the ban on travel and nationwide lockdowns in many parts of the world has adversely affected the commercial aviation sector as the tourism sector is down.   The trade restrictions around the globe further impacted the logistics industry. Furthermore, the halt in aircraft manufacturing due to the non-availability of labour and raw materials due to supply chain disruption may also slow down the market growth during a short period of the next six to eight months. Thus, the frequency of air travel decreased significantly since the outbreak has been declared a pandemic by the World Health Organization, which is difficult to contain even, since the duration of the pandemic is still unclear, a decline in the production, as well as maintenance of aircraft, is expected during the short run. Thus, all such factors are anticipated to inhibit commercial aviation aircraft paint market growth in the coming years.

Global Commercial Aviation Aircraft Paint Market Scope:

Report Metric Details
 Market size value in 2020  US$18.463 billion
 Market size value in 2027  US$65.860 billion
 Growth Rate  CAGR of 19.92% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Aircraft Type, Application, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered 3M, PPG Industries, Inc., Akzo Nobel N.V., Mankiewicz Gebr. & Co.(GmbH & Co. KG), The Sherwin-Williams Company, Axalta Coating Systems, APV Engineered Coatings, Walter Wurdack Inc., Hentzen Coatings, Inc, IHI Ionbond Ag, MAAS Aviation
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Enamel
    • Epoxy
  • By Aircraft Type
    • Narrow Body
    • Wide Body
    • Regional Jets
  • By Application
    • Interior
    • Exterior
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • UAE
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the commercial aviation aircraft paint market size by 2027?
A1. The global commercial aviation aircraft paint market is expected to reach a total market size of US$65.860 billion by 2027.


Q2. What is the size of the global commercial aviation aircraft paint market?
A2. Commercial Aviation Aircraft Paint Market was valued at US$18.463 billion in 2020. 


Q3. What are the growth prospects for the commercial aviation aircraft paint market?
A3. The commercial aviation aircraft paint market is expected to grow at a CAGR of 19.92% during the forecast period.


Q4. What factors are anticipated to drive the commercial aviation aircraft paint market growth?
A4. The increasing investments by airline companies for the procurement of new next-generation aircraft are projected to positively impact the commercial aviation aircraft paint market growth during the forecast period.


Q5. Which region holds the largest market share in the commercial aviation aircraft paint market?
A5. Geographically, the Asia Pacific region is expected to hold a dominating share in the commercial aviation aircraft paint market owing to the presence of two of the largest aviation services market in the world, China and India.

 

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Commercial Aviation Aircraft Paint Market Analysis, by Type
5.1. Introduction
5.2. Enamel
5.3. Epoxy

6. Commercial Aviation Aircraft Paint Market Analysis, by Aircraft Type
6.1. Introduction
6.2. Narrow Body
6.3. Wide Body
6.4. Regional Jets

7. Commercial Aviation Aircraft Paint Market Analysis, by Application
7.1. Introduction
7.2. Interior
7.3. Exterior

8. Commercial Aviation Aircraft Paint Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Commercial Aviation Aircraft Paint Market, By Type, 2020 to 2027
8.2.2. North America Commercial Aviation Aircraft Paint Market, By Aircraft Type, 2020 to 2027
8.2.3. North America Commercial Aviation Aircraft Paint Market, By Application, 2020 to 2027
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Commercial Aviation Aircraft Paint Market, By Type, 2020 to 2027
8.3.2. South America Commercial Aviation Aircraft Paint Market, By Aircraft Type, 2020 to 2027
8.3.3. South America Commercial Aviation Aircraft Paint Market, By Application, 2020 to 2027
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Commercial Aviation Aircraft Paint Market, By Type, 2020 to 2027
8.4.2. Europe Commercial Aviation Aircraft Paint Market, By Aircraft Type, 2020 to 2027
8.4.3. Europe Commercial Aviation Aircraft Paint Market, By Application, 2020 to 2027
8.4.4. By Country
8.4.4.1.1. Germany
8.4.4.1.2. France
8.4.4.1.3. UK
8.4.4.1.4. Spain
8.4.4.1.5. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Commercial Aviation Aircraft Paint Market, By Type, 2020 to 2027
8.5.2. Middle East and Africa Commercial Aviation Aircraft Paint Market, By Aircraft Type, 2020 to 2027
8.5.3. Middle East and Africa Commercial Aviation Aircraft Paint Market, By Application, 2020 to 2027
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Commercial Aviation Aircraft Paint Market, By Type, 2020 to 2027
8.6.2. Asia Pacific Commercial Aviation Aircraft Paint Market, By Aircraft Type, 2020 to 2027
8.6.3. Asia Pacific Commercial Aviation Aircraft Paint Market, By Application, 2020 to 2027
8.6.4. By Country
8.6.4.1. China
8.6.4.2. India
8.6.4.3. Japan
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles 
10.1. 3M
10.2. PPG Industries, Inc.
10.3. Akzo Nobel N.V.
10.4. Mankiewicz Gebr. & Co.
10.5. The Sherwin-Williams Company
10.6. Axalta Coating Systems
10.7. APV Engineered Coatings
10.8. Walter Wurdack Inc.
10.9. Hentzen Coatings, Inc 
10.10. IHI Ionbond Ag
10.11. MAAS Aviation

3M

PPG Industries, Inc.

Akzo Nobel N.V.

Mankiewicz Gebr. & Co.(GmbH & Co. KG)

The Sherwin-Williams Company

Axalta Coating Systems

APV Engineered Coatings

Walter Wurdack Inc.

Hentzen Coatings, Inc 

IHI Ionbond Ag

MAAS Aviation

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us