Press release
How will aircraft & defense chemical distribution market fare through 2025?
Aerospace & Defense Chemical Distribution Market
Escalating requirements for the repair and replacement of old aircrafts coupled with a subsequent surge in air travel across the globe is further likely to positively influence product demand over forecasted timeframe. Global aerospace & defense chemical distribution market size is anticipated to exceed USD 5 billion by 2025, stated a recent report by Global Market Insights, Inc.
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The aircraft & defense chemical distribution market is categorized into interiors, engine, airframe, and system on the basis of application. Of these, the system segment is set to account for a commendable share owing to the increasing demand for lubricants and hydraulic fluids in this sector.
Prominent chemical distribution and aerospace and defense companies, including Wesco Aircraft, Aviation Chemicals Solutions, Inc., Ellsworth Adhesives, Boeing Distribution Services, Starry Oil Corporation, Overlake Oil, Inc., and others, having been focusing on mergers, acquisitions, and collaborations, in turn promoting product developments and technological innovations to bolster aircraft & defense chemical distribution market expansion.
Considering an instance, in 2019, leading distributors of chemicals and surface finishing materials to the aerospace & defense industry, PSG and Pexa, were acquired by the French-owned international specialist in custom packaging and chemicals distribution, Addev Materials. The companies have continued to function as independent entities since then. However, a merger has been announced in September 2020, according to which both will be coming together and operating under the name Addev Materials Aerospace & Defence.
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Another prominent industry participant, Incora, is renowned for supplying chemical products and solutions to major aircraft OEMs, government agencies, branches of the U.S. military, and other manufacturers across various industries. The company has a global network of chemical warehouses featuring custom labeling, temperature-controlled storage, barcode tracking, and shelf life management, which help in product development, in turn propelling the augmentation of aircraft & defense chemical distribution market share over the anticipated timeframe.
Major key players in the aircraft & defense chemical distribution 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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Arun Hegde
Corporate Sales, USA
Global Market Insights, 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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