The aerospace antimicrobial coatings market is set for rapid growth over the forecast period. In terms of revenue, the global aerospace antimicrobial coatings market accounted for USD 25.5 Million in 2019 and is anticipated to reach around USD 40.7 Million by 2026, growing at a CAGR of 6.9%.
Global Aerospace Antimicrobial Coatings Market: Overview
Antimicrobial coatings for aircraft and spacecraft are used inside them to avoid or delay the development of pathogens while causing no health hazards to travelers. Aerospace antimicrobial coatings assist in lowering the costs of disinfecting passenger seating areas along with aid in the extension of cleaning cycles supporting the longevity of cleaning cycles.
Global Aerospace Antimicrobial Coatings Market: Growth Factors
The growing air traffic is expected to drive the global aerospace antimicrobial coatings market. Due to advancements in airport facilities as well as growing consumer demand, there has been a rise in air traffic passengers globally in the last few years. The increase in disposable income coupled with the increasing middle class has also contributed significantly to the growing demand. Globally, the commercial aircraft fleet is constantly expanding, particularly in the Asia-Pacific region, to meet rising demand. Additionally, the replacement of existing aircraft with new aircraft is set to propel the industry globally. For the first time, the world's commercial aircraft fleet increased by 4% in 2017, reaching greater than 31,000. The number of aircraft on order was almost half it, with an order backlog of almost ten years. Both major aircraft manufactures shipped a record number of aircraft in 2017, and the air fleet is estimated to double in size by 2038 relative to existing conditions, reaching 50,660 aircraft from 25,830 in 2018. As a result, a significant increase in the manufacturing of aircraft is expected to fuel demand for aerospace elastomers. The increase in defense budgets of various developed and developing economies has also boosted demand growth. Major developments in technology, as well as significant investments by leading research and development manufacturers, are expected to propel the global market in the upcoming years. However, the shorter lifespan of antimicrobial coatings may hamper the global market.
Global Aerospace Antimicrobial Coatings Market: Segmentation
The global aerospace antimicrobial coatings market is bifurcated into platform, application, material, sales channel, and regions. Based on the platform, the global market is divided into aviation and space. Based on the application, the market is bifurcated into thermal management & control system, air supply & management system, cabin seats & interior, sanitary facilities & purification systems, cabin pressure & control system, air purification & oxygen systems, and others. Based on the material, the global market is divided into copper, silver, and others. Based on the sales channel, the global market is divided into OEM and aftermarket. Geographically, the global market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Global Aerospace Antimicrobial Coatings Market: Regional Analysis
North America region dominated the global aerospace antimicrobial coatings market in 2019 and is anticipated to continue its dominance in the upcoming years. This is due to the region's rising business and commercial aviation sector, which has the world's highest demand for aerospace and defense aircraft. In addition, industry growth is anticipated to be fueled by the rapid introduction of new manufacturing technology and substantial investment in research and development activities. The participation of many major industry players such as PPG Industries, Inc, Hentzen Coatings Inc., Sherwin-Williams Company, Polymer Technologies, Inc., Hexion Inc., and Dunmore Corporation among others, will help the market expand even further. Furthermore, over the last few years, North America has seen an increase in aircraft deliveries in both commercial and defense applications, which is anticipated to fuel the region's industry.
The Asia Pacific market is anticipated to grow at a significant rate in the forecast period. The growth of the Asia Pacific region can be attributed to the region's increased emphasis on the construction of aircraft manufacturing facilities. The market's growth is being fueled by encouraging government policies and a growing defense budget. The region's increased commercial and military aircraft production and procurement programmes are expected to fuel the market's growth. For example, in December 2018, the Boeing Company and the Commercial Aircraft Corporation of China formed a joint venture to build the first 737 aircraft in China. The Boeing Company spent about USD 33 million in the joint venture and now owns a significant portion of it.
Europe market followed North America market in 2019 and is expected to grow at a healthy growth rate in the upcoming years. This is due to increased demand for aerospace antimicrobial coatings from main Airbus SE and ATR aircraft manufacturing facilities in Germany, U.K., France, and Italy. Furthermore, leading manufacturers such as Akzo Nobel N.V., BASF SE, Permagard, Mankiewicz Gebr. & Co., Mapaero SAS, and Henkel AG & Co. KGaA among others are present in the field, fueling the market growth over the projected period. Furthermore, the UK authorities' assurances that the UK will remain a member of the European Aviation Safety Agency will not affect the BREXIT agreement also brought relief to UK-based manufacturers. The industry in Latin America is dominated by Brazil and Mexico, with Brazil being the largest consumer. The rising interest in aerospace OEMs in Latin America is anticipated to generate lucrative prospects for the industry. A rise in the number of space programmes and other related projects will help the development of the industry in the region. Despite its limited scale, the Middle East and Africa aerospace market is anticipated to expand rapidly due to the optimistic outlook of airplane manufacturers to open new bases in the area and its strategic location. The involvement of major suppliers, as well as private sector investment in manufacturing and expansion of R&D operations, will drive the product demand for in the upcoming years.
Global Aerospace Antimicrobial Coatings Market: Competitive Players
Some of the key players in the aerospace antimicrobial coatings market are Mankiewicz Gebr. & Co., PPG Industries, Inc, Polymer Technologies, Inc., Hentzen Coatings Inc., Permagard, Hexion Inc., BASF SE, Sherwin-Williams Company, Henkel AG & Co. KGaA, Mapaero SAS, Akzo Nobel N.V., Dunmore Corporation, and Axalta Coating Systems among others.
Global Aerospace Antimicrobial Coatings Market: Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
