December 13, 2019
According to research report titled ‘Aerospace Maintenance Chemicals Market Size By Product (Aircraft Cleaning Chemicals, Aircraft Leather Cleaners, Aviation Paint Removers, Aviation Paint Strippers, Specialty Solvents, Degreasers, Aircraft Wash & Polish), By Aircraft (Commercial Aircraft, Single Engine Piston, Business Aircraft, Military Aircraft, Helicopters, Space), By Nature of Chemical (Organic Chemical, Inorganic Chemical) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the global aerospace maintenance chemicals market is projected tox amass USD 9 billion by the year 2026.
Surging number of air passengers, in consort with increasing aircraft fleets, growing demand of low cost commercial aircrafts are major factors driving the aerospace maintenance chemicals market. Aging of existing fleets, and escalating complication of airframes, system, and engine are also aiding the expansion of the market. Moreover, rising defense and space exploration industries, along with stringent federal reforms regarding fuel efficiency, and technological advancements in aerospace sector are propelling the growth of the aerospace maintenance chemicals market.
As per product type, the report cites that aviation paint removers segment will hold one fifth revenue share of the aerospace maintenance chemicals market by the year 2026. Rising aircraft restoration activities, in tandem with unfavorable environment effects on aircraft’s exterior airframe are contributing to the segmental growth.
Based on aircraft type, aerospace maintenance chemicals market from helicopters segment is presumed to register significant growth over the forecast period, pertaining to extensive application of helicopters for search & rescue operations, and across medical and offshore oil & gas industry.
In terms of nature of chemicals, the organic chemicals segment is holds two-third of aerospace maintenance chemicals market share, owing to easy availability of various products and low cost. These chemicals provide better results in cleaning and are used extensively in numerous metal cleaning applications. However, the growth of the organic chemicals segment may be hindered since they are threat to human health.
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Considering the geographical landscape, Asia-Pacific is estimated to dominate the aerospace maintenance chemicals industry during the analysis timeframe, on account of rising number of air passengers, coupled with increasing establishment of maintenance facilities.
The prominent companies operating in the aerospace maintenance chemicals market are Aerochemicals, 3M, Callington Haven Pty. Ltd., Henkel AG & Co. KGaA, Florida Chemical, Pexa, NUVITE Chemical Compounds, Sil-Mid Ltd. and Shell.
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