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Europe aerospace and defense chemical distribution market amass substantial proceeds over 2020-2025
Aerospace and Defense Chemical Distribution Market
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On the basis of products, aerospace and defense chemical distribution market is sectioned into lubricants & greases, paints & coatings, adhesives & sealants, oils & hydraulic fluids, and cleaners & solvents. Adhesives and sealants account for share of around 15% in aerospace and defense chemical distribution industry due their wide-ranging usage in aircrafts manufacturing. Key adhesives used in aerospace sector include structural acrylics, epoxy based, water-based adhesives, and solvent based.
Epoxy-based adhesives provide strength and are utilized to reduce weight of aircrafts, whereas acrylic based adhesives find applications in bonding of magnets and electric motors. Furthermore, demand for cleaners and solvents in aerospace sector is projected to expand owing to their widespread usage in several applications.
Increase in aircraft maintenance, repair and overhaul (MRO) activities will drive aerospace and defense chemical distribution market trends over the forecast time period. Surge in the demand for air travel across the globe and the need to replace aging aircraft are some mains reasons contributing towards an increase in the global MRO demand.
Rise in the disposable income in the middle-class and growing population in emerging nations like China and India has induced an exponential increase in air traffic. The trend will substantially boost the demand for aircraft in the future, which in turn will thrust aerospace & defense chemical distribution market size over the analysis period.
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The consistent use of hygiene products such as cleaners and solvents, especially in the Asia Pacific, will ensure business opportunities for distributors. In addition, increased military expenditure will provide lucrative prospects to industry participants operating in global defense chemical distribution industry.
Escalating aircraft Maintenance, Repair, and Overhaul (MRO) activities will help to drive aerospace and defense chemical distribution market size over 2019-2025. In 2015, the overall demand for air transport MRO was close to $64.3 billion, which is expected to reach almost $96 billion by 2025. This indicates that rising need for repair and replacement of old aircrafts along with growth in air travel globally will optimistically fuel aerospace and defense chemical distribution industry share in the ensuing years. According to the latest research report by Global Market Insights Inc., aerospace and defense chemical distribution market size is projected to exceed $5 billion by 2025.
Major key players in the market are Wesco Aircraft, Univar Inc, Boeing Distribution Services, Aviall, Inc., E.V. Roberts, Graco Supply Company, Aviation Chemicals Solutions, Inc., Spectrum Aerospace GmbH, Sky Mart Sales Corp, Aero Hardware & Parts Company, Ellsworth Adhesives, Aviocom B.V., Aerospace Chemical Supplies Ltd, Starry Oil Corporation, Overlake Oil, Inc
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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