Market Share of Aircraft Paints Industry
The aircraft paints market is semi-consolidated, wherein a large market share is occupied by manufacturers like Akzo Nobel NV, PPG Industries Inc., IHI Ionbond AG, Mankiewicz Gebr. & Co., and Hentzen Coatings Inc.
Currently, most of the paints and coating providers are present in North America and Europe. The increase in the global presence of the companies will help companies to gain a competitive advantage over others.
Also, the development of paints that reduce weight, increase fuel efficiency, increase the stealth characteristics of aircraft, and are eco-friendly will help companies attain a better position in the market. In April 2023, AkzoNobel announced that airlines and operators could optimize the paint maintenance schedules for their entire fleets through a digital management system developed by AkzoNobel's Aerospace Coatings business. Developments such as these will help companies to gain a competitive advantage over others.
Aircraft Paint Market Leaders
Akzo Nobel NV
PPG Industries, Inc.
IHI Ionbond AG
Mankiewicz Gebr. & Co.
Hentzen Coatings, Inc.
*Disclaimer: Major Players sorted in no particular order
