Press release
What Factor Driving the Aerospace Maintenance Chemicals Market Growth? |3M, The Dow Chemical Company (Dow), Eastman Chemical Company, ExxonMobil, Henkel, Nexeo Solutions, LLC, Shell, Chemetall
Aerospace Maintenance Chemicals Market
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Aerospace maintenance chemicals market is gearing for robust growth amid escalating intricacies of airframes, engines and systems. Nevertheless, rigorous fuel efficiency target set by the aviation industry has added impetus to market share. With an average improvement of 1.5% fuel efficiency annually from 2009 to 2020, the International Air Transport Association (IATA) has embraced a set of targets to curb CO2 emission. Stakeholders anticipate exponential rise in air passenger traffic and aircraft flight frequencies to spur market revenue.
Key Companies: -
I. 3M
II. The Dow Chemical Company (Dow)
III. Eastman Chemical Company
IV. ExxonMobil
V. Henkel
VI. Nexeo Solutions, LLC
VII. Shell
VIII. Chemetall
Amidst complication of hazardous chemicals, organic chemicals are set to rule the roost with approximately 2/3rd aerospace maintenance chemicals market share. In the current landscape, organic chemicals are increasingly used in metal cleaning applications that offer favorable results in cleaning wider range of organic soils. Prominent players are coming up with chemicals with low VOC contents which is expected to bode well in market forecast.
Aviation paint removers are anticipated to witness around 20% of the aerospace maintenance chemicals market revenue share by 2026. Escalating demand for aviation paint removers is mainly attributed to repercussions of environment on exterior airframe, along with prevalent aircraft refurbishment activities. The chemicals tend to provide faster operation and superior performance to help reduce MRO timing, ultimately bolstering airlines profitability and minimizing Aircraft on Ground (AOG) time.
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Even though aerospace maintenance chemicals are massively popular in commercial and military aircraft, helicopters are touted to exhibit robust growth in the industry landscape. Application of helicopters in search and rescue operation has become palpable and even stakeholders in offshore oil & gas industry are increasingly embracing helicopters. Given the aircraft is exposed to hostile industrial environment, aerospace maintenance chemicals are highly sought-after in helicopters to reduce oxidation process, including corrosion. Meanwhile, sustained demand for commercial aircrafts, especially in low cost carriers is fueling aerospace maintenance chemicals market revenue.
List of Charts & Figures from Aerospace Maintenance Chemicals Market Report:
FIG. 1 Global MRO demand in commercial air transport, 2017, by region (%)
FIG. 1 Industry segmentation
FIG. 2 Global aerospace maintenance chemicals market, (Kilo Tons) (USD Million), 2016 - 2026
FIG. 3 Industry ecosytem analysis
FIG. 4 Aerospace manufacturing value chain analysis
FIG. 5 Global aircraft fleet by region, 2015
FIG. 6 Global aircraft fleet by manufacturer, 2016
FIG. 7 Regional GDP (% change)
FIG. 8 Regional airline traffic (% change)
FIG. 9 Total Airline Operating Cost Breakdown, 2017
FIG. 10 Direct maintenance cost structure (51 airlines), 2014
FIG. 11 Defense budget for different countries in 2018, (USD Billion)
FIG. 12 European space industry sales, by product 2016
FIG. 13 MRO Expenditure - by region, 2016
FIG. 14 Indian aircraft fleet type, 2015
FIG. 15 Number of new airports by region, 2016
FIG. 16 Number of new airports by country, 2016
FIG. 17 Growth potential analysis, 2018
FIG. 18 Porter's analysis
FIG. 19 Market share analysis, 2018
FIG. 20 PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/aerospace-maintenance-chemical-market
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