The aerospace maintenance chemicals market size is expected to see strong growth in the next few years. It will grow to $10.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to optimization of maintenance costs, innovations in chemical formulations, safety and performance requirements, global aviation market growth, rise in aviation standards. Major trends in the forecast period include technological integration, efforts for corrosion prevention, safety and performance requirements, innovations in chemical formulations, demand for fuel efficiency.
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Scope Of Aerospace Maintenance Chemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aerospace Maintenance Chemicals Market Overview
Market Drivers –
An increase in air passenger traffic is expected to propel the growth of the aerospace maintenance chemicals market going forward. Air passenger traffic refers to the volume of air passengers commuting, it comprises both domestic and international flight passengers. Aircraft maintenance is performed to keep the aircraft fully operational and safe for crew and passengers, as well as everyone in its servicing area, which would in turn favor the demand for aerospace maintenance chemicals. For instance, in July 2022, according to the data published by the Airport Council International (ACI), a Canada-based organization for airport authorities, in 2021, the world’s airports hosted 4.6 billion passengers, while aviation freight volumes grew 15.4% year on year, reaching a record 125 million metric tones. Therefore, the increase in air passenger traffic will drive the aerospace maintenance chemicals market.
Market Trends –
Product innovations are the key trends gaining popularity in the aerospace maintenance chemicals market. Green cleaning chemicals are produced from environmentally friendly ingredients and are safe for both humans and the environment. They are made of plant-based enzymes and do not contain any chemical compounds. Major companies operating in the aerospace maintenance chemicals market are focused on developing new innovative solutions to strengthen their market position. For instance, in June 2022, Socomore, a US-based aerospace industry introduced SOCOCLEAN AIRCRAFT CLEANERS. The unique feature is that they are 100% plant and mineral based. It offers cleaning products for the interior and exterior of aircraft. The cleaners are biodegradable within 28 days and do not generate toxic residues for the ecosystem. It has no negative impact on the environment and lowers the carbon footprint.
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
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Regional Insights –
North America was the largest region in the aerospace maintenance chemicals market in 2023. The regions covered in the aerospace maintenance chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the aerospace maintenance chemicals market report are Exxon Mobil Corporation, Eastman Chemical Company, Arrow Solutions LLC, The 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, Allen Aircraft Radio LLC, 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.
Table of Contents
1. Executive Summary
2. Aerospace Maintenance Chemicals Market Report Structure
3. Aerospace Maintenance Chemicals Market Trends And Strategies
4. Aerospace Maintenance Chemicals Market – Macro Economic Scenario
5. Aerospace Maintenance Chemicals Market Size And Growth
…..
27. Aerospace Maintenance Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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