12:19 PM Aero-Engine Coatings Market Size to reach an estimated value of US$ 1.2 billion in 2024 |
| Aero-Engine Coatings Market Report: Trends, Analysis & Forecast up to 2024. Discover associated growth opportunities, market dynamics, success factors and more. 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. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/471/aero-engine-coatings-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/471/aero-engine-coatings-market.html Aero-Engine Coatings Market Segment Insights: By Aircraft Type: 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. By Engine Type: 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. By Form Type: 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. By Application Type: 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. By 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. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/471/aero-engine-coatings-market.html Features of the Report This report offers high-quality insights and is 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. Based on the research, a proper report is crafted with the following key features:
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