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Aerospace Maintenance Chemicals Market Size to Reach $10.88 Billion by 2029 | Growth at 7% CAGR Forecast
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What is the Projected Market Size of the Aerospace Maintenance Chemicals Industry?
The market size for aerospace maintenance chemicals has experienced robust growth in the past few years. The market, which was worth $7.89 billion in 2024, is predicted to inflate to $8.29 billion by 2025, showing a compound annual growth rate (CAGR) of 5.0%. This growth in earlier years has been due to several factors, such as the rise in air travel, the need for safety and performance, ageing of the aircraft fleet, maintenance and repair operations (MRO), and enhanced aviation standards.
What Will Be the Size of the Aerospace Maintenance Chemicals Market by 2029?
The market for aerospace maintenance chemicals is anticipated to experience robust growth in the upcoming years, expanding to $10.88 billion by 2029 at a compound annual growth rate (CAGR) of 7.0%. The projected growth for this period can be ascribed to factors like more cost-effective maintenance routines, advancements in chemical formulations, safety and performance needs, the worldwide expansion of the aviation market, and the enhancement of aviation standards. Notable trends in the forecast period encompass the amalgamation of technology, initiatives for inhibiting corrosion, security and performance necessities, pioneering developments in chemical formulations and the increasing demand for fuel efficiency.
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What Are the Key Drivers Accelerating Growth in the Aerospace Maintenance Chemicals Market?
The expected surge in air passenger movement is projected to stimulate the expansion of the aerospace maintenance chemicals market. The term 'air passenger traffic' encompasses both local and international airline passengers. Aircraft maintenance procedures, intended to keep the aircraft in a fully functional and safe condition for staff and passengers, will consequently increase the demand for aerospace maintenance chemicals. As an example, according to data shared by the Department for Transport, a governmental department in the UK, a record of 195.6 million passengers had international travels through UK airports in 2022. Consequently, the increased air passenger traffic is set to bolster the aerospace maintenance chemicals market.
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How Is the Aerospace Maintenance Chemicals Market Segmented by Type, Application, and Region?
The aerospace maintenance chemicals market covered in this report is segmented -
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
Subsegments:
1) By Organic: Solvents, Cleaners And Degreasers, Lubricants, Adhesives And Sealants
2) By Inorganic: Corrosion Inhibitors, Alkaline Cleaners, Descalers And Rust Removers, Surface Treatments
What Are the Key Trends Driving Growth in the Aerospace Maintenance Chemicals Market?
Product enhancements are a leading trend gaining traction in the aerospace maintenance chemicals market. Green cleaning solutions, manufactured from eco-friendly components and safe for both humans and the planet, is a noticeable trend. These solutions rely on plant-based enzymes, excluding harmful chemical components. Dominant companies in the aerospace maintenance chemicals market are concentrating on presenting new ingenious solutions to solidify their market position. For example, in June 2022, Socomore, an American aerospace industry, launched SOCOCLEAN AIRCRAFT CLEANERS. These cleaners' distinctive attribute is that they are made entirely from plants and minerals. They provide cleaning products for both the interior and exterior parts of airplanes. These cleaners are capable of decomposing within 28 days without leaving harmful residues for the ecosystem. They have zero adverse effects on the environment while also reducing the carbon footprint.
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Who Are the Leading Companies Driving Growth in the Aerospace Maintenance Chemicals Market?
Major companies operating in the aerospace maintenance chemicals market are 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.
Which Is the Leading Region in the Global Aerospace Maintenance Chemicals Market?
North America was the largest region in the aerospace maintenance chemicals market in 2024. The regions covered in the aerospace maintenance chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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