Report on Global Aerospace Maintenance Chemical Market Foresees it to reach USD 8.9 BN By 2025
Posted On February 20, 2019
The Global Aerospace Maintenance Chemical Market is anticipated to reach USD 8.9 BN by 2025 showcasing a CAGR of 4% between 2019 and 2025. In the year 2018 the market was valued USD 6.8 BN (by revenue). The recently published report by Value Market Research identifies various fluctuating temperature and changing climatic conditions as a major factor to generate the need for maintenance activities which in turn is creating the demand for aerospace maintenance chemicals. The report explicitly covers market size, market forecast, drivers with latest developments globally.
The aerospace maintenance chemicals are gaining high demand in response to the increasing stringency of safety and environmental regulations by regulatory bodies. Also, the rising complexity of airframes, systems, and engines has led the increased need for repair, maintenance, and overhaul (MRO) of aircraft, which includes routine inspection thus, driving the demand for aerospace maintenance chemicals market globally. Moreover, rising air traffic along with the rising number of trips completed is further fueling the market growth.
The report "Global Aerospace Maintenance Chemical Market Report By Product (Aircraft Cleaning Chemicals, Aircraft Leather Chemical, Aviation Paint Removers, Aviation Paint Strippers, Specialty Solvents, Degreaser And Aircraft Wash And Polish), Aircraft (Commercial Aircraft, Single Engine Piston, Business Aircraft, Military Aircraft, Helicopter, Space Aircraft And Others), By Nature (Organic And Inorganic) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" provides analysis, important information, and projections using a suitable set of assumptions and methodologies.
The aerospace maintenance chemicals are referred to the aircraft cleaning chemical that helps to remove the dirt and keep it corrosion free. The aerospace maintenance chemicals also contain lubricants for the moving parts of its jet engine which enhances its operational efficiency. Aircraft surface conditioning chemicals and de-icing chemicals of aircraft are some of the aerospace maintenance chemicals which are commonly used across the aerospace industry. These cleaners provide hygiene and safety from inside as well as outside areas of the aircraft. Among various aircraft cleaners, ADF (Aircraft De-icing Fluid) or AAF (Aircraft Anti-icing Fluid) basically known as aircraft de-icing chemicals which are used to remove the ice and snow from the surface. It slows down the formation of ice for a certain interval of time on the surface of the aircraft; this is done because ice creates the rough surface which causes disruption in smooth airflow thus resulting in degradation of the ability to lift the aircraft. And this is necessary for the region having frequent ice and snowfall. Therefore, these cleaner chemicals are really necessary for the safe and smooth running of aircraft.
The market of aerospace maintenance chemical has been segmented on the basis of product, aircraft, nature, and region. By-product the market has been segregated into aircraft cleaning chemicals; aircraft leather chemical, aviation paint removers, aviation paint strippers, specialty solvents, degreaser and aircraft wash and polish. Among these products, aircraft cleaning chemical is accounted for the largest share in the market owing to rising consumption of the product for both interiors and exteriors of the aircraft. Also, rising need for fast and efficient operation across commercial and defense aircraft is again fueling their demand. By aircraft, the market has been split into commercial aircraft, single engine piston, business aircraft, military aircraft, helicopter, space aircraft, and others. Commercial aircraft segment is dominating the market owing to the increasing travel and tourism which raise the demand for cleaning, degreasing, and paint removing repair product. By nature, the market has been bifurcated into organic and inorganic. Out of which, organic is gaining traction in the market owing to rising concern over labor safety. Organic products are highly preferred to ensure labor-friendly MRO process across aviation sectors.
Regionally, the market has been analyzed across the area of North America, Europe, Asia-pacific, Latin America, and the Middle East and Africa. At present, North America is leading the global aerospace maintenance chemicals market. This can be attributed to the expansion of the aviation industry along with the rising funding in military and defense sector by regulatory bodies in the region.
The Report Segments Global Aerospace Maintenance Chemical Market -
- Aircraft Cleaning Chemicals
- Aircraft Leather Chemical
- Aviation Paint Removers
- Aviation Paint Strippers
- Specialty Solvents
- Aircraft Wash And Polish
- Commercial Aircraft
- Single Engine Piston
- Business Aircraft
- Military Aircraft
- Space Aircraft
- North America
- Latin America
- Middle East and Africa
Major Key Players profiled In The Market:
3M, Aerochemicals, Aircraft Spruce and Specialty Co, Arrow Solutions, Arrow Solutions, Callington Haven, Dow Chemical Company, Eastman, ExxonMobil, Florida Chemical, Henkel AG & Co. KGa, NUVITE Chemical Compounds and Shell.
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