Press release
Global Aerospace Maintenance Chemicals Market to hit $8.8bn by 2024 | Shell, Nexeo Solutions, Henkel, ExxonMobil, Eastman Chemical Company, The Dow Chemical Company, 3M, Chemetall, Grainger, Wesco Aircraft
Aerospace Maintenance Chemicals Market
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Improving living standards and decreasing air fare in emerging nations have boosted the travel and tourism industry. This has resulted into increased flight iterations, aircraft deliveries, and repair requirements. In addition, continuously increasing aircraft production to meet previous backlogs will fuel aerospace maintenance chemicals market size. However, factors such as product inventory management may restrict industry growth.
Commercial aircrafts dominated the aerospace maintenance chemicals market size and accounted for over 35% of total revenue in 2017. This dominance can be credited to prevention of corrosion on exterior and interior surfaces. High overhaul requirements owing to strict regulations regarding passenger security across the globe has resulted in high revenue generation.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3M
2. AEROCHEMICALS
3. Aircraft Spruce and Specialty Co.
4. Arrow Solutions Group
5. Aviation Chemical Solutions, Inc.
6. Callington
7. The Dow Chemical Company
8. Eastman Chemical Company
9. ExxonMobil
10. Florida Chemical Supply
11. Hansair Logistics Inc
12. Henkel
13. High Performance Composites LTD
14. HYPERCOAT ENTERPRISES PTE LTD
15. Klean Strip
16. KLX, Inc.
17. Krayden, Inc.
18. McGean
19. Nexeo Solutions
20. NUVITE Chemical Compounds
21. Pexa Ltd
22. Shell
23. Sil-Mid Limited
24. Socomore
25. Wesco Aircraft
26. Grainger
27. Chemetall
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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.
Organic segment is leading the aerospace maintenance chemicals market size with around 69% revenue share in 2017. Operational efficiency along with cost effectiveness are major factors driving the industry growth. High preference towards product viscosity owing to labor friendly maintenance will further escalate the product penetration.
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
Browse key industry insights spread across 444 pages with 567 market data tables & 24 figures & charts from the report, “Aerospace Maintenance Chemicals Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerospace-maintenance-chemical-market
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.
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.
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