Aerospace Maintenance Chemicals Market | 2018-2024 Eminent Key Companies Shell, Henkel, ExxonMobil, Eastman Chemical Company, 3M, The Dow Chemical Company, Chemetall
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Industry Growth drivers:
1. Increasing demand for fuel efficiency in aviation industry
2. Increasing space exploration and defense industry
3. Emerging space industry
4. Positive outlook for MRO industry
5. Low labor cost
6. Increasing number of personal jets
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. Aircraft Spruce and Specialty Co.
4. Arrow Solutions
5. Aviation Chemical Solutions, Inc.
6. Callington Haven Pty. Ltd.
7. The Dow Chemical Company (Dow)
8. Eastman Chemical Company
9. Exxon Mobil Corporation
10. Florida Chemical
11. Henkel AG & Co. KGaA
12. High Performance Composites & Coatings Private Limited
13. Hypercoat Enterprises Pte Ltd.
14. Klean Strip
15. KLX, Inc.
16. Krayden, Inc.
17. McGean-Rohco, Inc.
18. Nexeo Solutions, LLC
19. NUVITE Chemical Compounds
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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.
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.
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.
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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.
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