Aerospace Maintenance Chemical Market By Nature (Organic, Inorganic), By Product Type (Cleaners, Deicing Fluids, Adhesives, Others), By Type Of Aircraft (Commercial, Business, Defence, Others): Global Opportunity Analysis And Industry Forecast, 2020-2030
The global aerospace maintenance chemical market was valued at $7,762.8 million in 2021 and is projected to reach $13,673.3 million by 2030, growing at a CAGR of 6.24% from 2021-2030.
Aerospace maintenance chemicals are cleaning chemicals that are used to maintain proper functioning of aircraft. Cleaning materials, paint removers, paint strippers, degreasers, and aviation washers & polishers are all examples. Cleaners are used on all commercial airplanes to keep them corrosion-free and sanitary inside and out.
The demand for aerospace maintenance chemicals is fueled by an increase in demand for aircraft surface repair due to surrounding temperature and climatic conditions. Furthermore, increased air passenger traffic as a result of rising middle-class disposable income tends to increase flight frequency. As a result, the aircraft's maintenance, repair, and overhaul (MRO) activities expand, thus fueling the aerospace maintenance chemical market's expansion.
The aerospace maintenance chemical market size growth is likely to experience negative growth owing to high cost of chemicals. Also, harmful effect of some chemicals on health of workers who are exposed to these chemicals is further anticipated to have an impeding impact on market growth.
Aerospace maintenance chemical market growth is likely to experience a surge in coming years due to rapidly growing passengers preferring to travel by flight to save their time and experience a sophisticated and luxurious travel.
COVID-19 pandemic had a negative impact on aerospace maintenance chemicals market. To contain the spread of virus and protect people, worldwide, strict rules and regulations were imposed by the government, across the world. Hence, due to lockdown, people could not travel from one place to another. This resulted into a major decline in the demand for air travel. Owing to this decrease, the demand for chemicals required for aircraft maintenance reduced drastically. This factor had a negative impact on global aerospace maintenance chemical market share growth.
The global aerospace maintenance chemical market is sub-segmented on the basis of nature, product type, type of aircraft, and region. By nature, the market is classified as organic and inorganic. By product type, the market is sub-segmented as cleaners, deicing fluids, adhesives, and others. By type of aircraft, the market is sub-segmented into commercial, business, defence, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key aerospace maintenance chemical market players operating in this 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, and High Performance Composites & Coatings.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aerospace maintenance chemical market analysis from 2021 to 2030 to identify the prevailing aerospace maintenance chemical market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aerospace maintenance chemical market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aerospace maintenance chemical market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Nature
Organic
Inorganic
By Product Type
Cleaners
Deicing Fluids
Adhesives
Others
By Type of Aircraft
Commercial
Business
Defence
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
AAR Corporation
air france industries klm engineering & maintenance
airbus defence and space - arabia services
Boeing Company
Bombardier Inc
delta techops
Embraer S.A.
ge aviation
nexeo solutions, llc
Henkel AG & Co. KGaA
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