Aircraft Engine Coatings Market | Industry Analysis 2019-2024
Report code - SRAD197 | Published On : Feb,2019 | Status: Published | No. of Pages: 290

Aero-Engine Coatings Market by Aircraft Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, and Helicopter), by Engine Type (Turbofan Engine, Turbojet Engine, Turboprop Engine, and Turboshaft Engine), by Process Type (Spray Process, EBPVD Process, and Others), by Form Type (Powder Coating, Liquid Coatings, and Wired Coatings), by Application  Type (Turbine Section, Combustion Section, Compressor Section, Afterburner Section, and Bearings & Accessories), and by Region (North America, Europe, Asia-Pacific, and Rest of The World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

This strategic assessment report, from Stratview Research, provides comprehensive analysis that reflects today’s aero-engine coatings market realties and future market possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most detailed manner in order to provide panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.

The Aero-Engine Coatings Market: Highlights

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 parts from such extreme temperatures. The purpose of coatings is to not only 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 on 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 market outlook of aero-engine coatings for the next five years seems promising with favorable growth opportunities in the entire ecosystem. The market is projected to grow at an excellent rate in the coming five years to reach an estimated value of US$ 1.2 billion in 2024. Development of high-thrust engines coupled with the requirement of high-performance coatings for complex-shaped engine parts are driving the suppliers to develop new coating systems as well as sophisticated deposition techniques.

Several factors are stimulating the demand for coatings in aero-engines among which organic growth of the aerospace industry, incorporation of advanced materials in the crucial sections of engines, and advancements in the coating systems and techniques are foremost ones, positively driving the growth of the market.

Aero-engine OEMs keep looking for advanced materials with an aim to improve fuel efficiency, reduce MRO cost, and high lifespan. Several advanced materials including titanium and ceramic matrix composites are strategically incorporated by OEMs in their latest engine series to maximize the benefits. Such adoption in the material mix 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 an instance; development of oxidation-resistant coatings from titanium aluminide, latter is approved for high-pressure compressor sections of the next-generation engines.     

Incessant increase in the air passenger traffic is motivating the major airframer to increase the production of their key aircraft programs in order to address the growing demand across the world. Since 2010, the commercial aircraft industry has been growing by registering a remarkable increase in aircraft delivery. The industry touched the unprecedented landmark of the commercial aircraft delivery of 1,586 units in 2018. It is further anticipated that there would be an incessant increase in the commercial aircraft deliveries in near future as Boeing and Airbus, the two commercial aerospace giants, have colossal plans to raise the production rates of their key aircraft programs. This trend is imprinting positive developments in the entire supply chain including coatings business for aero-engines. 

Based on the aircraft type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB to support rising passenger traffic; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); advancements in the fabrication process of different aero-engine components; and market entry of new aircraft (C919 and MC-21) are primarily driving the demand for aero-engine coatings in the commercial aircraft segment.

Based on the engine type, the aero-engine coatings market is segmented into turbofan engine, turbojet engine, turboprop engine, and turboshaft engine. Turbofan engine is expected to remain the dominant and fastest growing segment of the market during the forecast period. Turbofan engine preferably used in commercial aircraft, regional aircraft, and business jets. Rise in passenger traffic across the globe has led to an increased demand for the key commercial aircraft programs, such as B737, A320, B787, and A350XWB, which, in turn, is driving the demand for turbofan engines including coating materials for their engine components.

On the basis of the form type, the aero-engine coatings market is segmented into powder coating, liquid coating, and wired coating. Powder coatings are expected to remain the dominant and 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 aero-engine coatings market.

Based on the application type, the aero-engine coatings market is segmented into turbine section, combustion section, compressor section, afterburner section, and bearings & accessories. Turbine section is expected to remain the dominant and fastest-growing segment of 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.

In terms of region, North America is projected to remain the largest market for aero-engine coatings during the forecast period. All the major aero-engine suppliers, such as GE Aviation, CFM International, and Pratt & Whitney, have their engine assembly plants in the region to address the teething issues of aircraft OEMs. 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 the 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.

Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, 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 MRJ), and increasing aircraft fleet size.

The supply chain of this market comprises raw material suppliers, aero-engine coating manufacturers, coating service providers, engine tier players, engine OEMs, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The key players in the aero-engine coatings market are Praxair Inc., OC Oerlikon Corporation AG, Chromalloy Gas Turbine LLC, PPG Industries Inc., Akzo Nobel N.V., and Dowdupont Inc. Development of high-performance coatings, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Research Methodology

Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

The market is segmented into the following categories:  

Aero-Engine Coatings Market, 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, 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, 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, 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, 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, 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) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Competitive Assessment

  • Competitive Benchmarking of key players (up to three players)
  • SWOT analysis of key players (up to three players)

Regional Segmentation

  • Current market size (2018) of aero-engine coatings in any North American country by form type

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary

2.      Aero-Engine Coatings Market - Overview and Market Forces

2.1.               Introduction

2.2.               Market Classification

2.2.1.                       By Aircraft Type

2.2.2.                       By Engine Type

2.2.3.                       By Process Type

2.2.4.                       By Form Type

2.2.5.                       By Application Type

2.2.6.                       By Region

2.3.               Market Drivers

2.4.               Market Constraints

2.5.               Supply Chain Analysis

2.6.               Industry Life Cycle Analysis

2.7.               PEST Analysis: Impact Assessment of Changing Business Environment

2.8.               Porter’s Five Force Model

2.8.1.                       Bargaining Power of Suppliers

2.8.2.                       Bargaining Power of Constraints

2.8.3.                       Threat of New Entrants

2.8.4.                       Threat of Substitutes

2.8.5.                       Competitive Rivalry

2.9.               SWOT Analysis

3.      Aero-Engine Coatings Films Market Analysis - By Aircraft Type

3.1.               Strategic Insights

3.2.               Commercial Aircraft Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

3.2.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

3.3.               Regional Aircraft Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

3.3.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

3.4.               General Aviation Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

3.4.1.                       Regional Trend and Forecast (U$ Million) (Million Lbs)

3.5.               Helicopter Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

3.5.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

3.6.               Military Aircraft Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

3.6.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

4.      Aero-Engine Coatings Market Analysis - By Engine Type   

4.1.               Strategic Insights

4.2.               Turbofan Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

4.2.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

4.3.               Turbojet Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

4.3.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

4.4.               Turboprop Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

4.4.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

4.5.               Turboshaft Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

4.5.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

5.      Aero-Engine Coatings Market Analysis - By Process Type   

5.1.               Strategic Insights

5.2.               Spray Process-based Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

5.2.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

5.3.               EBPVD Process-based Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

5.3.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

5.4.               Other Process-based Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

5.4.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

6.      Aero-Engine Coatings Market Analysis - By Form Type   

6.1.               Strategic Insights

6.2.               Powder-based Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

6.2.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

6.3.               Liquid-based Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

6.3.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

6.4.               Wired Aero-Engine Coatings Market Trend and Forecast (US$ Million and Million Lbs.)

6.4.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

7.      Aero-Engine Coatings Market Analysis - By Application Type   

7.1.               Strategic Insights

7.2.               Aero-Engine Coatings Market Trend and Forecast for Turbine Section (US$ Million and Million Lbs.)

7.2.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

7.3.               Aero-Engine Coatings Market Trend and Forecast for Combustion Section (US$ Million and Million Lbs.)

7.3.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

7.4.               Aero-Engine Coatings Market Trend and Forecast for Compressor Section (US$ Million and Million Lbs.)

7.4.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

7.5.               Aero-Engine Coatings Market Trend and Forecast for Afterburner Section (US$ Million and Million Lbs.)

7.5.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

7.6.               Aero-Engine Coatings Market Trend and Forecast for Bearings & Accessories (US$ Million and Million Lbs.)

7.6.1.                       Regional Trend and Forecast (US$ Million and Million Lbs.)

8.      Aero-Engine Coatings Market Analysis - By Region

8.1.               Strategic Insights

8.2.               North American Aero-Engine Coatings Market Analysis

8.2.1.                       North American Aero-Engine Coatings Market T&F, by Country (US$ Million and Million Lbs.)

8.2.1.1.                                 The USA: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.2.1.2.                                 Canada: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.2.1.3.                                 Mexico: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.2.2.                       North American Aero-Engine Coatings Market T&F, by Aircraft Type (US$ Million and Million Lbs.)

8.2.3.                       North American Aero-Engine Coatings Market T&F, by Engine Type (US$ Million and Million Lbs.)

8.2.4.                       North American Aero-Engine Coatings Market T&F, by Process Type (US$ Million and Million Lbs.)

8.2.5.                       North American Aero-Engine Coatings Market T&F, by Form Type (US$ Million and Million Lbs.)

8.2.6.                       North American Aero-Engine Coatings Market T&F, by Application Type (US$ Million and Million Lbs.)

8.3.               European Aero-Engine Coatings Market Analysis

8.3.1.                       European Aero-Engine Coatings Market T&F, by Country (US$ Million and Million Lbs.)

8.3.1.1.                                 Germany: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.3.1.2.                                 France: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.3.1.3.                                 The UK: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.3.1.4.                                 Poland: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.3.1.5.                                 Rest of Europe: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.3.2.                       European Aero-Engine Coatings Market T&F, by Aircraft Type (US$ Million and Million Lbs.)

8.3.3.                       European Aero-Engine Coatings Market T&F, by Engine Type (US$ Million and Million Lbs.)

8.3.4.                       European Aero-Engine Coatings Market T&F, by Process Type (US$ Million and Million Lbs.)

8.3.5.                       European Aero-Engine Coatings Market T&F, by Form Type (US$ Million and Million Lbs.)

8.3.6.                       European Aero-Engine Coatings Market T&F, by Application Type (US$ Million and Million Lbs.)

8.4.               Asia-Pacific's Aero-Engine Coatings Market Analysis

8.4.1.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Country (US$ Million and Million Lbs.)

8.4.1.1.                                 China: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.4.1.2.                                 Japan: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.4.1.3.                                 Singapore: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.4.1.4.                                 Rest of Asia-Pacific: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.4.2.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Aircraft Type (US$ Million and Million Lbs.)

8.4.3.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Engine Type (US$ Million and Million Lbs.)

8.4.4.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Process Type (US$ Million and Million Lbs.)

8.4.5.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Form Type (US$ Million and Million Lbs.)

8.4.6.                       Asia-Pacific's Aero-Engine Coatings Market T&F, by Application Type (US$ Million and Million Lbs.)

8.5.               RoW's Aero-Engine Coatings Market Analysis

8.5.1.                       RoW's Aero-Engine Coatings Market T&F, by Sub-Region (US$ Million and Million Lbs.)

8.5.1.1.                                 Latin America: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.5.1.2.                                 The Middle East: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.5.1.3.                                 Others: Aero-Engine Coatings Market T&F (US$ Million and Million Lbs.)

8.5.2.                       RoW's Aero-Engine Coatings Market T&F, by Aircraft Type (US$ Million and Million Lbs.)

8.5.3.                       RoW's Aero-Engine Coatings Market T&F, by Engine Type (US$ Million and Million Lbs.)

8.5.4.                       RoW's Aero-Engine Coatings Market T&F, by Process Type (US$ Million and Million Lbs.)

8.5.5.                       RoW's Aero-Engine Coatings Market T&F, by Form Type (US$ Million and Million Lbs.)

8.5.6.                       RoW's Aero-Engine Coatings Market T&F, by Application Type (US$ Million and Million Lbs.)

9.      Competitive Analysis

9.1.               Strategic Insights

9.2.               Product Portfolio Analysis

9.3.               Geographical Presence

9.4.               New Product Launches

9.5.               Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations etc.

9.6.               Expert Opinion

9.7.               Market Share Analysis

10. Strategic Growth Opportunities

10.1.          Strategic Insights

10.2.          Market Attractiveness Analysis

10.2.1.                   Attractiveness Analysis by Aircraft Type

10.2.2.                   Attractiveness Analysis by Engine Type

10.2.3.                   Attractiveness Analysis by Process Type

10.2.4.                   Attractiveness Analysis by Form Type

10.2.5.                   Attractiveness Analysis by Application Type

10.2.6.                   Attractiveness Analysis by Region

10.2.7.                   Attractiveness Analysis by Country

10.3.          Growth Matrix Analysis

10.4.          Emerging Trends

10.5.          Key Success Factors

11. Company Profiles of Key Players

11.1.          A & A Coatings

11.2.          Akzo Nobel N.V.

11.3.          APS Materials Inc.

11.4.          Chromalloy Gas Turbine LLC

11.5.          Dowdupont Inc.

11.6.          Indestructible Paint Limited

11.7.          Praxair Inc.

11.8.          OC Oerlikon Corporation AG

11.9.          PPG Industries Inc.

11.10.        Unitedcoatings Group



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