January 07, 2020
As per the recent research report titled ‘Aerospace & Defense Chemical Distribution Market Size By Product (Adhesives & Sealants, Paints & Coatings, Lubricants & Greases, Oils & Hydraulic Fluids, Cleaners & Solvents), By Application (Airframe, System, Engine, Interiors), By Distribution Channel (OEM, Aftermarket), By End-user (Commercial, Military, Spaceships), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Poland, Russia, China, India, Japan, Singapore, Brazil, South Africa, Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global aerospace & defense chemical distribution market is expected to accumulate US $5 billion by the year 2025.
Aerospace & defense chemical distribution market is gaining traction on account of rising MRO (maintenance, repair, & overhaul) activities. As the number of old aircrafts is increasing, the need for regular replacement and repair is also soaring. This factor coupled with the rising number of air passengers will augment the market outlook.
Booming population and surging disposable income across the emerging nations, along with shifting consumer preference towards air travel are fueling the demand for passenger aircraft. Rising production of aircrafts, in tandem with surging space exploration activities will propel the market expansion over 2019-2025. However, strict federal norms regarding the use of defense & aerospace chemicals to maintain cabin air quality and other such parameters will hamper the industry growth to some extent.
In terms of product type, adhesives & sealants segment holds 15% market share presently, on account of their widespread application in aircraft production and are slated to display a similar stance in the upcoming years. Epoxy based adhesives provide strength and enable weight reduction in aircrafts, while acrylic based adhesives are used for bonding magnets and electric motors.
As per the application spectrum, defense & aerospace chemical distribution market from system segment is presumed to register significant growth over the forecast period. Various systems of aircraft include hydraulics, cooling system, landing gear, bleed system, and flight controls. Increasing demand of lubricants and hydraulics fluids from the application segment will eventually contribute towards the overall market growth.
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Speaking of end-user scope, the market revenue from military segment was worth US $800 million in 2018. The segment includes combat and non-combat aircrafts. Several developing countries are investing generously towards defense sector, which is stimulating the segmental share.
Considering the geographical outlook, Europe aerospace & defense chemical distribution industry is estimated to amass US $1.6 billion by the year 2025. Thriving aerospace industry and rising preference for air travel across the region are positively influencing the market trends. Moreover, the regional market is dominated by France with one-fourth share, due to the presence of established aircraft production industry.
The prominent players operating in defense & aerospace chemical distribution industry are E.V. Robert, AirChem Consumables, Univar, Inc., Wesco Aircraft, and Spectrum Aerospace among others.
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