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Commercial Aviation Aircraft Paint Market - Forecasts from 2024 to 2029

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  • 145 Pages
  • February 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5952700

The commercial aviation aircraft paint market is projected to rise at a compound annual growth rate (CAGR) of 19.26% to reach a market valuation of US$88.906 billion by 2029, from US$25.904 billion in 2022.

The aerospace industry depends heavily on aircraft paints, also known as aviation coatings or aircraft paints, as they provide aircraft surfaces with both protective and aesthetically pleasing qualities. The specific challenges found in aviation environments, such as exposure to a variety of weather conditions, high altitudes, and extremely high temperatures, are intended to be overcome by these coatings. Aviation paints are used primarily to protect structural components of aircraft from corrosion, maintain aerodynamic efficiency, and guard against ultraviolet (UV) ray damage.  These coatings are designed to withstand the forces involved in takeoffs, landings, and flight, in addition to enhancing the aircraft's overall appearance and uniqueness. The market for commercial aviation aircraft paints is anticipated to grow during the forecast period due to the expansion of the aviation industry, which is being driven by an increase in the deliveries of both military and commercial aircraft. The need to renovate older, operational aircraft drives the market.

Growing commercial aviation sector propels the market.

Moreover, with the increasing demand for commercial aircraft, the need for aircraft paints is anticipated to grow rapidly in the upcoming years due to the increase in domestic travel. For instance, the airlines significantly increased their aircraft purchases to meet the growing demand for air travel. Airbus had delivered 661 aircrafts in 2022 and received 735 orders during 2023. Therefore, it is anticipated that commercial aircraft will continue to be produced and delivered throughout the forecast period. The commercial segment of the aircraft paints market is anticipated to grow as a result of the production and delivery of commercial aircraft.

Moreover, there has been a notable increase in the number of passengers using air transportation. For instance, the Indian Brand Equity Foundation reports that the number of domestic passengers increased from 167 million in 2022 to 270 million in 2023 and international passengers increased from 22 million in 2022 to 56 million in 2023. The availability of inexpensive airline tickets and travelers' growing inclination to spend on vacations and leisure travel are the main reasons for the tourism industry's growth, which in turn is accelerating the use of air travel as a mode of transportation. Among the other factors supporting the commercial aviation industry globally are the growing number of business travelers and the rise in air cargo loads.

The market is projected to grow in the Asia Pacific region.

The Asia Pacific region is anticipated to grow at a significant rate in the forecast period as the region has experienced a notable surge in air passenger traffic, primarily attributable to its tourist destinations and the accessibility of air travel. This trend is anticipated to persist throughout the forecast period. North America and European regions are also expected to have subsequent market shares.

Key Market Developments:

  • In July 2023, PPG revealed its collaboration with Satys, a French industrial conglomerate specializing in aircraft sealing, painting, and surface treatment. The partnership aims to offer electrocoating (e-coat) services for manufacturing original equipment (OEM) aircraft components.
  • In July 2023, GE Aerospace collaborated with NASA to reveal the paint design for the hybrid electric aircraft it plans to fly as a component of NASA's Electrified Powertrain Flight Demonstration (EPFD) initiative. Within the EPFD project, GE Aerospace is working on developing a megawatt-class hybrid electric powertrain for both ground and flight trials, expected to occur in the mid-2020s. Boeing and its subsidiary, Aurora Flight Sciences, are partnering with GE Aerospace to facilitate the flight tests, utilizing a modified Saab 340B aircraft equipped with GE's CT7 engines.
  • In April 2023, AkzoNobel created the Aerofleet Coatings Management system using information collected over a number of years. It will be beneficial to make sure that aircraft are repainted only when necessary and not just in accordance with a set schedule.
  • In January 2022, Sherwin-Williams Aerospace Coatings, a US-based company known for producing top-notch exterior and interior paint and coating solutions, introduced the Aircraft Color Visualizer platform. This online tool is a 3D color visualizer that enables users to explore various color combinations for their aircraft. The Aircraft Color Visualizer is an interactive desktop application that allows users to customize color schemes for six different types of aircraft, including kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters.

Key Players:

  • 3M is a leading provider of commercial aviation aircraft paint globally. The company provides a tremendous breadth of aircraft painting solutions that deliver excellent results for commercial aviation products.
  • PPG Industries, Inc. is a key market player, providing innovative and cutting-edge solutions for the aerospace industry. It offers an extensive array of services for coatings which are applied on nearly every surface of the aircraft structure and exterior.
  • Akzo Nobel N.V. is a major company delivering high-performance coating solutions for aircraft worldwide. The company is building new strategic partnerships to deliver unique technological insights and solutions. The company creates market-leading products and technologies with world-class innovative coatings for aircraft.


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
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Others

Table of Contents

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits for the Stakeholder
2.1. Research Design
2.2. Research Processes
3.1. Key Findings
3.2. Analyst View
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
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
4.5. CXO Perspective
5.1. Introduction
5.2. Enamel
5.2.1. Market Opportunities and Trends
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Epoxy
5.3.1. Market Opportunities and Trends
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
6.1. Introduction
6.2. Narrow Body
6.2.1. Market Opportunities and Trends
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Wide Body
6.3.1. Market Opportunities and Trends
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Regional Jets
6.4.1. Market Opportunities and Trends
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7.1. Introduction
7.2. Interior
7.2.1. Market Opportunities and Trends
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Exterior
7.3.1. Market Opportunities and Trends
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Aircraft Type
8.2.3. By Application
8.2.4. By Country United States Market Opportunities and Trends Growth Prospects Canada Market Opportunities and Trends Growth Prospects Mexico Market Opportunities and Trends Growth Prospects
8.3. South America
8.3.1. By Type
8.3.2. By Aircraft Type
8.3.3. By Application
8.3.4. By Country Brazil Market Opportunities and Trends Growth Prospects Argentina Market Opportunities and Trends Growth Prospects Others Market Opportunities and Trends Growth Prospects
8.4. Europe
8.4.1. By Type
8.4.2. By Aircraft Type
8.4.3. By Application
8.4.4. By Country United Kingdom Market Opportunities and Trends Growth Prospects Germany Market Opportunities and Trends Growth Prospects France Market Opportunities and Trends Growth Prospects Italy Market Opportunities and Trends Growth Prospects Spain Market Opportunities and Trends Growth Prospects Others Market Opportunities and Trends Growth Prospects
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Aircraft Type
8.5.3. By Application
8.5.4. By Country UAE Market Opportunities and Trends Growth Prospects Saudi Arabia Market Opportunities and Trends Growth Prospects Others Market Opportunities and Trends Growth Prospects
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Aircraft Type
8.6.3. By Application
8.6.4. By Country China Market Opportunities and Trends Growth Prospects India Market Opportunities and Trends Growth Prospects Japan Market Opportunities and Trends Growth Prospects South Korea Market Opportunities and Trends Growth Prospects Indonesia Market Opportunities and Trends Growth Prospects Others Market Opportunities and Trends Growth Prospects
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10.1. 3M
10.2. PPG Industries, Inc.
10.3. Akzo Nobel N.V.
10.4. Mankiewicz Gebr. & Co (GmbH & Co. KG)
10.5. The Sherwin-Williams Company
10.6. The Carlyle Group (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. Egeria (MAAS Aviation)

Companies Mentioned

  • 3M
  • PPG Industries, Inc.
  • Akzo Nobel N.V.
  • Mankiewicz Gebr. & Co (GmbH & Co. KG)
  • The Sherwin-Williams Company
  • The Carlyle Group (Axalta Coating Systems)
  • APV Engineered Coatings
  • Walter Wurdack Inc.
  • Hentzen Coatings, Inc 
  • IHI Ionbond Ag
  • Egeria (MAAS Aviation)



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