Press release
Aerospace Maintenance Chemicals Market: Strong Growth With $8.4 billion in 2025 and $11.2 billion in 2029, Fuelled By Rising Air Travel and Safety Requirements
Surging Trends in Technological Integration and Demand for Fuel Efficiency Stir Market GrowthWhat Is The Projected Market Size Of The Global Aerospace Maintenance Chemicals Market And Its Growth Rate?
• The aerospace maintenance chemicals market size is set to grow from $7.89 billion in 2024 to $8.4 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%.
• Increase in air travel, safety and performance requirements, and stringent aviation standards are the key growth drivers in this period.
• The market size is projected to reach $11.2 billion in 2029 at a CAGR of 7.5%.
• Optimization of maintenance costs, innovative chemical formulations, and global aviation market growth are contributing factors to this anticipated growth.
What Is Driving The Growth In The Aerospace Maintenance Chemicals Market?
An increase in air passenger traffic is expected to propel the growth of the aerospace maintenance chemicals market. The volume of air passengers, comprising both domestic and international flights necessitates aircraft maintenance to ensure their operational and safety standards. In 2022, a total of 195.6 million passengers travelled internationally to or from airports in the United Kingdom, according to the Department for Transport. This growing air passenger traffic is thus set to steer market growth.
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Who Are the Key Players Driving Aerospace Maintenance Chemicals Market Growth?
• Exxon Mobil Corporation
• Eastman Chemical Company
• Arrow Solutions LLC
• Dow Chemical Company
• Nuvite Chemical Compounds
• Aircraft Spruce Company
• ALMADION International
• Callington Haven Pvt. Ltd.
• Florida Chemical Supply Inc.
• Henkel AG & Co. KGaA
• High Performance Composites & Coatings Pvt. Ltd.
• Jaco Aerospace Inc.
• Nexeo Solutions
• Quaker Houghton
• Royal Dutch Shell PLC
• Velocity Chemicals
• ABR Aviation LLC
• Aerokem Chemical Corporation
• Alglas UK
• Boeing Company
• Avionics Unlimited
• BASF SE
• Carpenter Technology Co.
• Flamemaster Corporation
• International Aerospace Coatings Ltd.
• McGean-Rohco Inc.
• 3M Company
• Navhouse Corporation
• PPG Industries Inc.
What Are The Key Trends In The Aerospace Maintenance Chemicals Market?
• Technological integration
• Efforts for corrosion prevention
• Safety and performance requirements
• Innovations in chemical formulations
• Demand for fuel efficiency
What Are The Segments Of The Global Aerospace Maintenance Chemicals Market?
1) By Nature: Organic, Inorganic
2) By Product: Cleaners, Deicing Fluids, Adhesives, Other Product
3) By Application: Commercial Aircraft, Single Engine Piston, Business Aircraft, Military Aircraft, Helicopters, Space
Which Region Leads The Aerospace Maintenance Chemicals Market?
North America was the largest region in the aerospace maintenance chemicals market in 2024, with Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa being the other regions covered in the market report.
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What Is Covered In The Aerospace Maintenance Chemicals Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Maintenance Chemicals Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Maintenance Chemicals Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Maintenance Chemicals Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Maintenance Chemicals Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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