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Aerospace Maintenance Chemicals Market 2020 Revenue, Trends and Key Players - (Chemetall, Grainger, Wesco Aircraft, Nexeo Solutions, Henkel, Shell, ExxonMobil, Eastman Chemical Company) 2024

Aerospace Maintenance Chemicals Market

Aerospace Maintenance Chemicals Market

Aerospace maintenance chemicals market, in the years to come, will be defined by the rising emphasis on sustainable and environment-friendly practices coupled with the launch of high-performing lasers and burgeoning private investments. Aaerospace maintenance chemicals industry share will exceed a total revenue collection of USD 8.8 billion.

The increased number of flight frequencies and strict regulations prescribed by aviation authorities regarding passenger and aircraft security have further necessitated frequent maintenance checks of the aircrafts. This will apparently contribute to the rapid expansion of aerospace maintenance chemicals market, estimated to have surpassed a total valuation of USD 7 billion in 2017.

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In the recent times, aerospace maintenance chemicals market has been traversing along an exponential growth path. The rising disposable incomes and the apparent enhancement in the living standards of middle class households, especially in the developing economies, coupled with low air fares has provided a tremendous boost to the tourism sector. This change of dynamics across the tourism industry has in turn, hugely benefited aerospace maintenance chemicals industry across the globe, compelling aircraft carriers to shore up their existing aircraft fleet for meeting the surging demand witnessed in the aviation sector.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arrow Solutions
2. Eastman
3. Shell
4. The Dow Chemical Company
5. 3M
6. Henkel
7. KLX Inc.
8. Wesco aircraft

The more an aircraft is used, the more maintenance it requires. Commercial flights, the most commonly deployed flights, would thus demand the maximum utilization of maintenance products, thereby, directly stimulating the growth of the aerospace maintenance chemicals market. Statistics in fact, claim that commercial flights account for 45% of the overall aerospace maintenance chemicals market share and would grow rapidly over 2018-2024. This growth can be credited to the fact that these flights make the highest number of trips and are faced with not only the largest amount of wear and tear but also necessitate robust interior cleaning and maintenance, degreasing, paint removal and application.

Theoretically, aerospace maintenance chemicals can either be organic or inorganic in nature. The former is slated to account for 60% of the overall aerospace maintenance chemicals market share by 2024, given that they are rather labor friendly and suitably viscous in nature. However, price competitiveness of inorganic aerospace maintenance chemical along with their easy product compatibility and availability as per customization will also make consumers lean toward these products propelling inorganic aerospace maintenance chemical industry outlook.

The vast expanse of the aerospace industry in North America, especially in the U.S. and the formidable fleet of aircrafts that the U.S. military and defense sector encompasses, will provide a major push to North America aerospace maintenance chemicals market. In fact, as per estimates, North America industry size stood at USD 2 billion in 2017, and is expected to register a CAGR of 2.5% over 2018-2024.

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