Market Insights
“The aerospace antimicrobial coating market size was US$ 38.8 million in 2024 and is likely to grow at a decent CAGR of 5.4% in the long run to reach US$ 56 million in 2034”.
Market Dynamics
Introduction
Within the larger aerospace industry, the market for aircraft antimicrobial coatings is a new and important sector. These specialty coatings are intended to improve aircraft hygiene, safety, and durability by preventing the growth of germs, fungi, and other microorganisms on surfaces. Increased awareness of cleanliness and hygiene, particularly in the wake of the COVID-19 pandemic, has led to a recent spike in demand for these coatings. The need for antimicrobial coatings is growing as a result of airlines and aircraft manufacturers placing a greater emphasis on keeping cabin surroundings cleaner to guarantee passenger comfort and safety.
Recent Market JVs and Acquisitions:
There has been a noticeable increase in mergers, acquisitions, and joint ventures in the aircraft antimicrobial coating market, which indicates a strategic focus on improving technological capabilities and growing market presence. Although there are a few specific transactions in the antimicrobial coating market, more general developments in the aerospace industry offer an important background. The desire to improve technology, attract a wider audience, and stay competitive in a market that is changing quickly is what essentially motivates these actions. A balanced strategy that strikes a balance between strategic divestiture and consolidation seems to be the dominant tendency as businesses navigate this environment.
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In May2023, PPG Industries announced the acquisition of a South Korean company specializing in antimicrobial coatings for electronics and other applications.
- In March 2023, AkzoNobel collaborated with BioCote to enhance its "Interpon" brand of antimicrobial powder coatings.
- In March 2023, Nippon Paint Holdings partnered with the University of Tokyo to develop innovative antimicrobial coatings for buildings and infrastructure.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Fit-Type Analysis
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OEM and Aftermarket
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Aftermarket is anticipated to grow at the fastest rate due to rising aircraft sales and longer flight hours.
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Platform-Type Analysis
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Aviation and Space
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Aviation is expected to lead the market throughout the forecast period.
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Application-Type Analysis
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Cabin Seats, Sanitary Facilities, and Air Purification
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Air purification systems are expected to grow at a higher CAGR during the forecast period, driven by demand for cutting-edge antimicrobial air filtration systems
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Material-Type Analysis
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Silver, Copper, and Others
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Silver is expected to grow at a higher CAGR during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to continue its dominance in the market during the forecast period.”
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By Fit Type
“The aftermarket segment is anticipated to grow at the fastest rate during the forecast period.”
Based on fit, the market is segmented into OEM and aftermarket. The aftermarket segment is anticipated to grow at the fastest rate due to rising aircraft sales and longer flight hours, which shorten the time needed for antimicrobial coatings to recoat. Meanwhile, to meet stricter health and safety regulations, aircraft manufacturers are incorporating antimicrobial coatings into their production processes, demonstrating the continued importance of the OEM industry
By Platform Type
“The aviation segment is expected to lead the market throughout the forecast period.”
Based on the platform, the market is segmented into aviation and space. Throughout the forecast period, the aerospace antimicrobial coating market is anticipated to be led by the aviation segment. The increase in aircraft deliveries over the past few years is the reason for this surge.
The space segment is expected to increase significantly, even though it now holds a lesser share of the aerospace antimicrobial coating market. Satellite launches, growing interest in commercial space travel, and higher investments in space exploration are some of the factors driving this expansion.
By Application Type
“The air purification systems segment is expected to grow at a higher CAGR during the forecast period.”
Based on the application, the market is segmented into cabin seats, sanitary facilities and air purification. Cabin seats are expected to continue to be the dominant segment throughout the forecast period. This dominance stems from airlines' heightened emphasis on improving cabin hygiene, particularly in high-touch areas like tray tables and seats, to stop the spread of microorganisms.
The segment with the highest predicted CAGR is air purification systems. Demand for cutting-edge antimicrobial air filtration systems has increased due to growing knowledge of airborne diseases and the significance of air quality in the cramped confines of an airplane cabin.
By Material Type
“The silver segment is expected to grow at a higher CAGR during the forecast period.”
Based on the material, the market is segmented into silver, copper and others. The market with the highest CAGR is anticipated to be led by the silver segment. This is due to the fact that silver-based coating is the most often utilized antibacterial substance. These materials are inexpensive and don't corrode easily.
Regional Analysis
“The North America region is expected to continue its dominance in the market during the forecast period.”
The global market for aircraft antimicrobial coatings is likely to be led by North America. The aviation sector is most profitable in the U.S., which holds a significant market share. Boeing (US) and Bombardier (Canada) are two of the biggest commercial aircraft manufacturers in North America, which creates a strong need for aerospace antimicrobial coating materials.
Meanwhile, Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Factors contributing to this rapid growth include increasing air traffic, rising disposable incomes, and significant investments in aerospace infrastructure.
Key Players
The market consist of considerable number of players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the aerospace antimicrobial coating market. Some of the major players provide a complete range of services.
Here is the list of the Top Players (Based on Dominance)
- Akzo Nobel N.V.
- PPG Industries Inc.
- BASF SE
- Sherwin-Williams Company
- Henkel AG & Co. KGaA
- Mankiewicz Gebr. & Co.
- Axalta Coating Systems
- Hentzen Coatings, Inc.
- MAPAERO
- Permagard
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global aerospace antimicrobial coating market is segmented into the following categories.
Aerospace Antimicrobial Coating Market, by Fit Type
- OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Antimicrobial Coating Market, by Platform Type
- Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Space (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Antimicrobial Coating Market, by Application Type
- Cabin Seats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sanitary Facilities (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Air Purification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Antimicrobial Coating Market, by Material Type
- Silver (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Copper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerospace Antimicrobial Coating Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aerospace antimicrobial coating market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a 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 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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