Aerospace Maintenance Chemicals Market: Segmentation, Industry trends and Developments (3M, Chemetall, Grainger, Wesco Aircraft, Shell, Nexeo Solutions, Henkel, ExxonMobil, Eastman Chemical Company, The Dow Chemical Company) 2020 to 2026
Apart from passenger traffic, strict fuel-efficiency targets imposed by the aviation industry is expected to majorly propel market growth. In fact, the IATA (International Air Transport Association) has adopted targets to control CO2 emissions targeting an average 1.5% improvement in fuel efficiency each year between 2009 to 2020. Additionally, growing aircraft flight frequencies globally are also likely to expand the aerospace maintenance chemicals market size through 2026.
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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 Group
5. Aviation Chemical Solutions, Inc.
7. The Dow Chemical Company
8. Eastman Chemical Company
10. Florida Chemical Supply
11. Hansair Logistics Inc
13. High Performance Composites LTD
14. HYPERCOAT ENTERPRISES PTE LTD
15. Klean Strip
16. KLX, Inc.
17. Krayden, Inc.
19. Nexeo Solutions
20. NUVITE Chemical Compounds
21. Pexa Ltd
23. Sil-Mid Limited
25. Wesco Aircraft
Growing defense industry and increasing space exploration efforts are further expected to outline aerospace maintenance chemicals market trends. Additionally, the growing need for commercial aircrafts, majorly in low-cost carriers, is likely to be a key driving factor for the market.
With reference to aircraft segment, helicopters are anticipated to witness considerable growth in the overall market due to their increasing use in search and rescue efforts. The segment is also slated to observe considerable growth owing to the mounting use of helicopters in the offshore oil and gas market.
With respect to chemical nature, organic chemicals are projected to dominate the segment share and currently represent approximately two-thirds of the overall aerospace maintenance chemicals market. The availability of many products and competitive prices are likely to be the major factors proliferating the segment growth in the market.
Metal cleaning applications utilize organic chemicals and give better outcomes in cleaning broad range of organic soils. In addition, major companies in the market are increasingly working to develop VOC content chemicals, thereby proliferating the segment outlook in the aerospace maintenance chemicals market.
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Asia Pacific aerospace maintenance chemicals market is anticipated to dominate the overall market share in the forthcoming years. China is predicted to lead the overall industry outlook. Growing domestic air passenger traffic and the establishment of new aircraft maintenance facilities would possibly be the major factors augmenting the aerospace maintenance chemicals market outlook.
Citing an instance, in April 2017, TAEA (Tianjin Airport Economic Area) and Bombardier Business Aircraft collaborated to establish a new business jet service center at China.
As per an IATA forecast, more than half of the new passenger traffic would be from Asia Pacific by 2035. In fact, China is projected to surpass the U.S. to become the biggest aviation industry by 2024.
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