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    Aero Engine Coatings Market Report

    Aero Engine Coatings Market Report
    Report code - SRAD197 Published On : Apr,2020 No. of Pages: 309
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    Aero-Engine Coatings Market Size, Share, Trend, Forecast, & Competitive Analysis: 2020 See more...

    Impact of COVID-19 on Aero Engine Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aero Engine Coatings Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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. In an aero-engine, different types of coatings are applied upon different components. For example; turbine blades are coated with thermal barrier coatings to allow components to operate at a higher temperature while limiting the thermal exposure of components and providing oxidation resistance to the parts leading to its increased lifespan.

    The aerospace industry was booming for the last 16 years with recording a gradual increase in the air passenger traffic, which impelled the major OEMs to increase the production rates of their best-selling aircraft programs. The outbreak of COVID-19 left no options to governments of many countries except the implementation of travel restrictions and the complete lockdown of several countries and cities.  The Lockdown of major economies or cities has resulted in a drastic drop in the air passenger traffic and has forced airlines to reduce their capacity for international and domestic flights. Many airlines have either put their orders for new airplanes on hold or canceled orders. This pandemic disease has also affected the major aircraft OEMs and has forced them to temporarily halt their production.

    Airbus has temporarily halted the production of its A220 and A320 passenger jets in the USA and has paused the assembly line of its commercial jets at their German sites. Boeing has also temporarily shut down its B787 plant in the USA due to the stay-at-home order by South Carolina’s governor. Production halt by both the major aircraft OEMs is also affecting the aircraft engine and its coatings markets.

    Major aircraft engine manufacturers are also taking a break from manufacturing to align themselves with aircraft production cuts of their major customers. The exact impact of COVID-19 is still unpredictable, but it is expected that the outbreak will have a short-term impact on the industry.

    Aircraft OEMs have also announced revised production rates of their best-selling aircraft programs, adapting to the current market scenario. Airbus has announced the slash in production rates of their key aircraft programs by one-third, the revised rates are A320s at 40 per month, A330s at 2 per month, and A350s at 6 per month. A similar announcement of slash in their wide-body aircraft programs is expected from Boeing as well. The long-term outlook of the industry still seems promising with attractive growth opportunities across regions, especially in Asia-Pacific. Expected rise in passenger traffic and expanding LCCs may rejuvenate currently depleted aircraft deliveries.

    Undoubtedly, the demand for aero-engine coatings market could not escape from such market trends and may fluctuate in the near term. However, the long-term outlook of the market still healthy with good growth opportunities by 2025. The market for aero-engine coatings is expected to reach a milestone figure of US$ 1.0 Billion by 2025.  An expected recovery in the commercial aircraft deliveries post 2020, the FAA and other regulatory authorities’ approvals to Boeing for the B737Max, incorporation of advanced materials in the crucial sections of engines, and advancements in the coating systems and techniques are foremost ones, are likely to bring back the market to the growth track. Also, the development of high-thrust engines coupled with the requirement of high-performance coatings and coatings on complex-shaped engine parts are driving the coating suppliers to develop new coating systems as well as sophisticated deposition techniques.

    Aero-engine OEMs keep looking for advanced materials with an aim to improve fuel efficiency, to reduce MRO cost, and to increase the lifespan of components. Several advanced materials including titanium and ceramic matrix composites are strategically incorporated by engine OEMs in their latest engine series to maximize the benefits. Such adoption of advanced materials is shuffling the dynamics of the aero-engine coatings market. Major coating suppliers are working for the development of advanced coating systems addressing the industry requirements. For instance; the development of oxidation-resistant coatings for titanium aluminide, latter is approved for high-pressure compressor sections of the next-generation engines. 

    Segments' Analysis

    Aero-Engine-Coatings-Market-Dominant-Segments

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    Aero-Engine Coatings Market Share by Aircraft Type

    Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Commercial aircraft are likely to remain the growth engine of the market during the forecast period. Market entry of new players such as COMAC’s C919 and Irkut’s MC-21 and an expected increase in commercial aircraft deliveries are primary growth drivers of the aero-engine coatings in the commercial aircraft segment.

    Aero-Engine Coatings Market Share by Engine Type

    Based on the engine type, the market is segmented into turbofan engine, turbojet engine, turboprop engine, and turboshaft engine. Turbofan engine is expected to remain the dominant and the fastest-growing segment of the market during the forecast period. Turbofan engine preferably used in commercial aircraft, regional aircraft, and business jets. B777X, B737, B787, A320, A330neo, and A350XWB are the key platforms for the turbofan engines. GE’s LEAP, GEnx, and GE9x; Pratt & Whitney’s PW1000G; and Rolls-Royce’s Trent XWB, 1000, and 7000 are estimated to remain the biggest demand generators for coatings in the turbofan engine segment. Key aero-engine manufacturers are collaborating with aero-engine coating manufacturers to develop innovative solutions for their jet engines, this ongoing trend is expected to drive the aero-engine coating market for turbofan engines.

    Aero-Engine Coatings Market Share by Form Type

    Based on the form type, the market is segmented into powder coating, liquid coating, and wired coating. Powder coatings are expected to remain dominant as well as the fastest-growing segment of the market during the forecast period. Powder coatings deliver cost-effective solutions with improved performance. Further, these coating materials are free from volatile organic compounds unlike solvent-based coatings, which results in its significant demand in the aircraft industry.

    Aero-Engine Coatings Market Share by Application Type

    Based on the application type, the market is segmented into turbine section, combustion section, compressor section, afterburner section, and bearings & accessories. Turbine section is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period. High-pressure turbines of an aero-engine undergo the most severe conditions as they rotate at more than 10,000 rpm. In these extreme conditions, turbine blades may suffer from oxidation and corrosion. In order to avoid degradation of blades, oxidation resistance coatings and thermal barrier coatings are applied upon them as well as in other components of the turbine section.

    Regional Insights

    In terms of region, North America is projected to maintain its dominance in the global aero-engine coatings market during the forecast period. The number of cases of COVID-19 has been increasing in the USA, forcing governments to announce lockdown and shut down manufacturing facilities. This, in turn, is negatively impacting the growth of the region’s aviation industry including aero-engine coatings. However, the engine assembly plants of all the major aero-engine suppliers, such as GE Aviation, CFM International, and Pratt & Whitney, assure the region’s unassailable lead in the global market.

    Aero-Engine-Coatings-Market-By-Region

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    The USA is the growth engine of the region’s market and has one of the largest fleets of commercial aircraft across the world. The country also owns the largest fleet of military, regional, and general aviation aircraft.  Presence of all major aircraft OEMs, aero-engine OEMs, tier players, aero-engine coating suppliers, and raw material suppliers are primarily driving the aero-engine coatings market in the region.                                                                               

    Despite the outbreak of COVID-19 in China, the biggest aviation market in Asia-Pacific, the region is likely to witness the highest growth in the next five years, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet), and increasing aircraft fleet size. The opening of new facilities in the region by key aero-engine manufacturers to produce aero-engine parts is expected to further fuel the demand for aero-engine coatings in the region.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Size in 2025

    US$ 1.0 billion

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Poland, China, Japan, Singapore, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The Aero-Engine Coatings Market is segmented in the following ways:

    Aero-Engine Coatings Market Size, Share & Forecast by Aircraft Type:

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aero-Engine Coatings Market Size, Share & Forecast by Engine Type:

    • Turbofan Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turbojet Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turboprop Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turboshaft Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aero-Engine Coatings Market Size, Share & Forecast by Process Type:

    • Spray Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • EBPVD Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aero-Engine Coatings Market Size, Share & Forecast by Form Type:

    • Powder Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Liquid Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wired Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aero-Engine Coatings Market Size, Share & Forecast by Application Type:

    • Turbine Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Combustion Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compressor Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Afterburner Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bearings & Accessories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aero-Engine Coatings Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Poland, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, Singapore, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, Middle East, and Others)