Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Aero Engine Coatings Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international ABC Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Aero Engine Coatings Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Aero
Engine Coatings Market is offered.
Market
Insights:
In accordance with the report, the Aero Engine Coatings
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Aero Engine
Coatings Market was valued at USD XX.X Mn in 2021 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. Aero-engines are becoming hotter by the day to meet airlines'
ever-increasing demand for aircraft that use less fuel and generate less carbon
dioxide and nitrogen oxide. Temperatures in aero-engine parts, particularly the
turbine and combustor, are exceeding 3,000 degrees Fahrenheit. These parts use
superalloys that melt at temperatures hundreds of degrees lower. Coatings are
crucial in allowing these superalloys to withstand such high temperatures. The
aerospace sector has been thriving for the past 16 years, thanks to a surge in
air passenger traffic that has prompted major OEMs to expand production rates
of their best-selling aircraft programmes. The outbreak of COVID-19 left many
governments with little choice but to impose travel restrictions and place
numerous countries and cities under complete lockdown. The closure of major
economies or cities has resulted in a significant decline in air passenger
traffic, forcing airlines to lower their international and domestic flight
capacity. Many airlines have put their new plane purchases on hold or cancelled
them entirely. The major aircraft manufacturers have also been hit by the
pandemic sickness, which has compelled them to temporarily suspend
manufacturing. The FAA and other regulatory agencies' approval of the B737Max,
as well as the usage of modern materials in vital engine components and
advancements in the coating system and procedure, are all expected to boost the
industry's growth. Furthermore, the rise in high-thrust engines, as well as the
demand for high-performance coatings and the coating of complex-shaped engine
parts, is encouraging coating providers to develop new coating systems and
sophisticated deposition techniques, which will boost sales during the forecast
period.
Research
Methodology:
To compile
the detailed study of the global Aero Engine Coatings market, a robust research
methodology has been adopted that aids in determining the key insights and also
evaluates the growth prospects of the Aero Engine Coatings Market. Comprehensive and iterative research methodology
focused on minimizing deviance in order to provide the most accurate estimates
and forecast possible. The company utilizes a combination of bottom-up and
top-down approaches for segmenting and estimating quantitative aspects of the
market. Our research methodology implements a mix of primary as well as
secondary research. Our projects are initiated with secondary research, where
we refer to a variety of sources including trade databases; government published
documents, investor presentations, company annual reports, Industrial papers,
and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Aero Engine Coatings Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Aero Engine
Coatings market was affected negatively due to the shutdown of manufacturing/processing
facilities for some time. The analysts have also focused on the key measures
that the companies are opting to withstand the harsh scenario.
Segment
Covered:
Aero
Engine Coatings Market report has been
segmented By Aircraft Type, By Engine, By Process, By Form, By Application and
geography also includes the market size and forecast for all these segments.
Compounded annual growth rates for all segments have also been provided for
2021 to 2031. This report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain.
Key Segments:
Aero Engine
Coatings Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2019 to 2031, for the following segments:
Aero Engine Coatings Market, By Aircraft
Type, 2021-2031 (USD Million)
·
Commercial
Aircraft
·
General
Aviation
·
Helicopter
·
Military
Aircraft
·
Regional
Aircraft
Aero Engine Coatings Market, By Engine,
2021-2031 (USD Million)
·
Turbofan
Engine
·
Turbojet
Engine
·
Turboprop
Engine
·
Turboshaft
Engine
Aero Engine Coatings Market, By Process,
2021-2031 (USD Million)
·
Spray Process
·
EBPVD Process
·
Others
Aero Engine Coatings Market, By Form,
2021-2031 (USD Million)
·
Liquid
Coating
·
Powder
Coating
·
Wired Coating
Aero Engine Coatings Market, By Application,
2021-2031 (USD Million)
·
Afterburner
Section
·
Combustion
Section
·
Compressor
Section
·
Turbine
Section
Bearings
& Accessories
Report
Highlights:
The prime objective of the Aero Engine
Coatings market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Aero Engine Coatings Market, By Region, 2021-2031
(USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Aero Engine
Coatings market:
Praxair
S.T. Technology, Inc., A&A Thermal Spray Coatings, TURBOCAM, Inc., APS
Materials, Inc., United coatings Group, DowDuPont Inc., PPG Industries, Inc.,
Indestructible Paint Limited, Chromalloy Gas Turbine LLC, and OC Oerlikon
Corporation AG.
Aero Engine Coatings Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key
players' strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market
size in terms of volume and value, past, present, and future scenario
·
Potential
and specialty areas, as well as geographical regions with promising growth prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.