Aerospace Maintenance Chemicals Market 2024 By Top Industry Participants 3M, The Dow Chemical Company, Eastman Chemical Company, ExxonMobil, Henkel, Shell, Chemetall
Global Aerospace Maintenance Chemicals Market is estimated to exhibit over 3% CAGR with USD 8.8 billion by 2024.
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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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. The Dow Chemical Company (Dow)
3. Eastman Chemical Company
5. Florida Chemical
7. Nexeo Solutions, LLC
Aerospace maintenance chemicals Market, By Product
• Aircraft cleaning chemicals
• Aircraft leather cleaners
• Aviation paint removers
• Aviation paint strippers
• Specialty solvents
• Aircraft wash and polish
Aerospace maintenance chemicals Market, By Aircraft
• Carpets Commercial aircraft
• Single engine piston
• Business aircraft
• Military aircraft
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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.
Significant growth in global air traffic in conjunction with strict regulations pertaining to regular aircraft inspection is likely to drive industry growth during the forecast period. Rising MRO activities in developing economies owing to availability of low cost labor will further enhance aerospace maintenance chemicals market share over the forecast timeline.
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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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