Aerospace Maintenance Chemicals Market 2018 Top Key Players -Shell, Eastman, The Dow Chemical 3M, Wesco aircraft, KLX Inc., and Henkel

Aerospace maintenance chemicals market is likely to cross 700 kilo tons till 2024. Significant growth in airline traffic across the globe coupled with stringent regulatory norms associated with regular maintenance checks for aircrafts will primarily drive the industry growth. Increasing maintenance, repair and overhaul (MRO), specifically in developing economies of Asia Pacific will further impact the industry positively over the forecast timeframe.

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Low air fare and enhancement in living standards in developing countries have led to growth in travel and tourism sector. This has further resulted in increased aircraft deliveries and high aircraft maintenance requirement, propelling the industry growth till 2024.
Various regulatory associations and authorities including European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) are continuously making amendments in the requirements of chemicals in maintenance procedures.

The industry players are focusing on regular advancements to gain a competitive edge. They are making huge investments in R&D activities for cost reduction and innovate their maintenance procedures. Technological advancements in the industry for producing environment friendly products will induce immense potential to the aerospace maintenance chemicals market till 2024.

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Aerospace maintenance chemicals market from aircraft cleaning chemicals is expected to dominate the revenue share surpassing USD 2 billion by 2024. High revenue generation can be attributed to extensive usage in interior & exterior aircraft surfaces along with continuous growth in air passenger traffic. Usage by wide range of defense and commercial aircrafts for ensuring cleanliness will further have a positive impact on the industry growth. Benefits such as fast and efficient operations will also strengthen the product penetration.

Aviation paint remover is anticipated to grow at over 3% CAGR owing to provision of benefits such as superior and rapid operation. Shifting consumer focus towards the product owing to fast paint removal and extended shelf life will further support the industry growth till 2024.
Commercial aircrafts are projected to capture over 35% revenue share over the next eight years. High requirement of maintenance owing to stringent passenger security regulations will lead to extensive usage of these chemicals in these aircrafts, fueling the industry growth.

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Continuous growth in travel & tourism sector will further support the industry dominance over the forecast timeframe. OEMs are focusing on superior-grade products to cater to all the specifications and for faster operations.
Aerospace maintenance chemicals market share from military aircrafts will exhibit at over 4% CAGR owing to increasing investments in military aviation sector in various countries across the globe. For instance, the military aviation sector in India is likely to invest approximately USD 35 billion over next twenty years.

The Dow Chemical Company, Shell, Arrow solutions, and 3M are among the prominent players in the industry. Other notable players include Wesco aircraft, Henkel, KLX Inc, and Eastman. Partnerships are witnessed among the prominent strategies implemented by the industry players to strengthen their foothold. For instance, in October 2017, Arrow Solutions announced the strengthening of its partnership with one of its key distributors in Norway to boost its visibility in the industry.

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