Aerospace Maintenance Chemical Market Exclusive Report on the Latest Revenue and Future Scope

The global aerospace maintenance chemical market is witnessing steady growth, driven by the rising need for aircraft surface maintenance, increasing flight frequency among the middle-class population due to higher disposable income, and the extensive use of cleaning chemicals to ensure corrosion protection and hygienic conditions inside and outside commercial aircraft.

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According to a report published by Allied Market Research, the aerospace maintenance chemical market was valued at $7.8 billion in 2021 and is projected to reach $13.7 billion by 2030, registering a CAGR of 6.2% from 2022 to 2030. The report offers a comprehensive analysis of market size and forecasts, key investment pockets, winning strategies, drivers and opportunities, competitive landscape, and evolving market trends.

The growing emphasis on aircraft longevity and safety has significantly increased the demand for maintenance chemicals, including cleaners, corrosion inhibitors, and surface treatment solutions. Moreover, the expansion of global air travel and the surge in maintenance, repair, and overhaul (MRO) activities across various countries are expected to create lucrative growth opportunities. However, high aircraft maintenance costs may restrain market growth to some extent.

Market Segmentation Highlights:-

The report provides detailed segmentation of the aerospace maintenance chemical market based on nature, product type, aircraft type, and region.

By Nature:

- The inorganic segment dominated the market in 2021, accounting for more than half of the global revenue. This segment is also expected to register the fastest CAGR of 6.5% during the forecast period. The organic segment is also analyzed in the study.

By Aircraft Type:

- The commercial aircraft segment held the largest market share in 2021, contributing more than two-fifths of total revenue. It is also anticipated to grow at the fastest CAGR of 6.5% through 2030. Other segments covered include business, defense, and others.

By Region:

- North America accounted for the largest market share in 2021, capturing more than one-third of global revenue. Meanwhile, the LAMEA region is projected to witness the highest CAGR of 7.6% during the forecast period, driven by expanding aviation infrastructure and growing MRO activities.

Key Market Players

Leading companies operating in the global aerospace maintenance chemical market include:

- Exxon Mobil Corporation
- Henkel AG & Co. KGaA
- Arrow Solutions
- Eastman Chemical Company
- Florida Chemical
- The Dow Chemical Company
- Nuvite Chemical Compounds
- Aircraft Spruce and Specialty Co.
- Nexeo Solutions
- High Performance Composites & Coatings

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This release was published on openPR.