Increasing use of Aerospace Maintenance Chemicals in the aviation industry is likely to boost product demand

Pune, India, July, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Aerospace Maintenance Chemicals Market Research Report.

Aerospace Maintenance Chemicals Market was $6,720.4 million in 2021, and is projected to generate revenue of $8,512.9 million by 2030, growing at a CAGR of 3.8% from 2022 to 2030

Market Segmentation

The global aerospace maintenance chemicals market has been segmented by nature, product, application, aircraft, and region. On the basis of nature, the market has been segmented into organic and inorganic. Organic aerospace maintenance chemicals have fewer volatile organic compounds (VOC), which is expected to result in the growing demand for the product in line with the increasing stringency of environmental regulations to reduce carbon emissions.

Based on the product, the market has been segmented into aircraft cleaning chemicals, aircraft leather cleaners, aviation paint removers, aviation paint strippers, specialty solvents, degreasers, aircraft wash and polishes, aluminum brighteners, and others. The aircraft cleaning chemicals segment accounted for the largest market share in 2017 due to its extensive use in maintaining the overall operational efficiency of aircraft.

Based on application, the market has been segmented into aircraft parts and MRO (maintenance, repair, and overhaul). Product application in MRO is growing as a result of increasing air traffic with the rising number of trips completed in a day.

Based on aircraft, the market has been segmented into commercial, business, general, military, helicopter, spacecraft, and others. The commercial segment accounted for the largest market share due to the increasing demand for aircraft globally, which in turn is expected to drive the market growth.

Regional Analysis

Based on region, the aerospace maintenance chemicals market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

North America led the aerospace maintenance chemicals market in 2017; the North American market is likely to witness significant growth during the review period due to the rapidly growing aerospace and defense industry in the region. Increasing investments in the defense industry over the past two years is also propelling market growth.

Europe is another prominent market due to the burgeoning aerospace industry especially in the U.K., France, and Germany. Furthermore, increasing R&D investments in the aviation industry are stimulating market growth.

Asia-Pacific is the fastest-growing market for aerospace maintenance chemicals due to the rising demand for aircraft with increasing air traffic in the emerging economies in the region. Moreover, increasing investments in the defense sector are driving market growth. 

The markets in Latin America and the Middle East & Africa are likely to witness moderate growth during the review period as a result of the growing aviation industries coupled with rising per capita income in the regions.

Competitive Analysis

Some of the prominent players in the global aerospace maintenance chemicals market are Exxon Mobil Corporation (U.S.), Royal Dutch Shell (Netherlands), Aerochemicals (France), 3M (U.S.), Arrow Solutions (U.K.), Callington Haven Pty Ltd. (Australia), Florida Chemical Supply, Inc. (U.S.), KLX  Inc. (U.S.),  Hansair Logistics Inc. (U.S.), Aviation Chemical Solutions (U.S.), Eastman Chemical Company (U.S.), Henkel AG & Co., KGaA (Germany), Nexeo Solutions (U.S.), and Krayden, Inc.(U.S.).

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