Aerospace Maintenance Chemicals Market Growth by Key Players: Shell, Eastman, The Dow Chemical Company, and Arrow Solutions

Commercial aircraft segment dominated the aerospace maintenance chemicals market accounting for over 35% of the overall revenue share in 2017. This can be attributed to the increasing requirement for maintenance owing to strict regulations concerning passenger security. Growth in public spending for travelling will strengthen the product adoption rate. OEMs are working on superior-grade products to meet the technical specifications, faster operations, and prevent corrosion on the interior and exterior surfaces. Military aircrafts will pose a growth rate of over 3% due to rising investments in military aviation across the globe. For instance, in 2018, the U.S. amplified its military spending approximately by USD 80 billion, thereby augmenting industry growth.

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Organic chemicals from aerospace maintenance chemicals market held approximately 69% of the total revenue share in 2017. Operational efficiency and cost effectiveness are the major factors influencing aerospace maintenance chemicals industry penetration. Rising predilection towards product viscosity due to labor friendly maintenance is boosting the industry growth.

Predilection of manufacturers towards ease of compatibility with various equipment offering fast operations and superior performance will drive the inorganic chemicals segment growth. The competitive product pricing along with wide availability in customized quantity as per the customer requirements will further boost the aerospace maintenance chemicals industry till 2024.

Aircraft cleaning chemicals is anticipated to generate around USD 2.5 billion and will continue its dominance over the study period. High product consumption in both interiors & exteriors of the aircrafts is supporting the segment growth. Fast and efficient operation in wide range of commercial and defense aircrafts will boost product demand over the forecast period. Aviation paint removers will register sturdy growth rate owing to extended shelf life and fast paint removal.

OEMs focus on superior-grade products to meet the specifications and faster operations. Military aircrafts will witness over 3% CAGR owing to rising military aviation investments across the globe. For instance, in 2018, the U.S. increased its military spending by USD 80 billion, thereby enhancing product growth.

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Aerospace maintenance chemicals market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Aerospace maintenance chemicals Market, By Product
• Aircraft cleaning chemicals
• Aircraft leather cleaners
• Aviation paint removers
• Aviation paint strippers
• Specialty solvents
• Degreasers
• Aircraft wash and polish

Aerospace maintenance chemicals Market, By Aircraft
• Carpets Commercial aircraft
• Single engine piston
• Business aircraft
• Military aircraft
• Helicopter
• Space
• Others

Aerospace maintenance chemicals Market, By Nature
• Organic
• Inorganic

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North America is predicted to surpass USD 2.6 billion by 2024 with increasing repair activities and competitive pricing along with presence of multiple industry players. The U.S. dominates industry share owing to vast expansion of aviation industry. Middle East aerospace maintenance chemicals market size will witness robust growth with increase in business and private aircrafts.

Asia Pacific led by China, Japan, and India will register around 4% CAGR owing to presence of substantial number of MRO bases with better services and enhanced technologies. Constant investment from aircraft companies for MRO will further augment aerospace maintenance chemicals business across the region.

Arrow Solutions, Eastman, Shell, and The Dow Chemical Company are the major participants in the aerospace maintenance chemicals market. Other notable participants include 3M, Henkel, KLX Inc., and Wesco aircraft. Industry participants are engaged in strategic partnerships to enhance their industry share. For instance, in October 2017, Arrow Solutions announced strengthening of its partnership with distributors in Norway to improve product availability and enhance industry share.

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