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Aerospace Maintenance Chemicals Market 2018 Global Players 3M, Aerochemicals, Aircraft Spruce and Specialty Co., Arrow Solutions, Aviation Chemical Solutions, Inc., Callington Haven Pty. Ltd., The Dow Chemical Company, Eastman Chemical Company, Exxon Mobi

10-15-2018 06:53 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Aerospace Maintenance Chemicals Market

Aerospace Maintenance Chemicals Market

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.

Regulatory authorities across the globe, including European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) are amending procedures and chemical requirements to reduce labor fatalities due to prolonged exposure. The industry players are undergoing product advancements to gain competitive edge against competitors. Major participants are investing heavily in R&D activities to improve repair procedures and reduce overall processing costs. Technological advancements including laser ablation mobile robot to reduce time and produce environment friendly products will positively influence industry growth from 2018 to 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.

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.

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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 expected to surpass USD 2.6 billion by 2024. Increasing maintenance, repairs, & operations activities at competitive prices along with the presence of several maintenance centers will drive the regional demand. The U.S. is dominating the aerospace maintenance chemicals market share owing to the massive expansion of the aerospace industry, positively enhancing the overall business growth.

Shell, Eastman, The Dow Chemical Company, and Arrow Solutions are among the prominent players in aerospace maintenance chemicals industry. Other notable players including 3M, Wesco aircraft, KLX Inc., and Henkel. Companies are implementing strategies such as strategic partnerships to enhance their industry share. For instance, in October 2017, Arrow Solutions announced strengthening its partnership with its Norway distributor to improve product availability.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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