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.
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AEROSPACE MAINTENANCE CHEMICAL MARKET, BY NATURE
CHAPTER 5: AEROSPACE MAINTENANCE CHEMICAL MARKET, BY PRODUCT TYPE
CHAPTER 6: AEROSPACE MAINTENANCE CHEMICAL MARKET, BY TYPE OF AIRCRAFT
CHAPTER 7: AEROSPACE MAINTENANCE CHEMICAL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Aerospace Maintenance Chemical Market," the aerospace maintenance chemical market was valued at $7.8 billion in 2021, and is estimated to reach $13.7 billion by 2030, growing at a CAGR of 6.24% from 2022 to 2030.Aerospace maintenance chemicals are cleansers that are used to keep aircraft in good working order. In order to prevent mishaps that could be brought on by failures, plane maintenance activity is crucial. Every aircraft's top priority is getting passengers safely to their destination. The replacement of batteries and other broken parts might be well-informed by the maintenance task. Therefore, it is necessary for an aircraft maintenance organisation to schedule routine maintenance in order to ensure that everything is operating as it should. Cleaning agents, paint removers, paint strippers, degreasers, and aviation washers and polishers are all examples. Cleaners are to sanitize airplanes and prevent them from corrosion. Timely maintenance and repair of aircrafts are very important to ensure passenger’s safe travel.
One of the major factors driving the aerospace maintenance chemical market growth is the increasing use of air transportation around the world. The growing preference for air travel by people, across the world, as it saves time is expected to drive the aerospace maintenance chemical market share growth in the next two decades. Furthermore, as air businesses compete more fiercely, ticket prices are falling dramatically, boosting the number of air passengers. Additionally, increased disposable income and rising living standards will increase demand for air travel, boosting the aerospace maintenance chemical business.
A lack of knowledge among people about the role of different chemicals in the maintenance of aircraft and high maintenance costs of airplanes are all factors limiting the aerospace maintenance chemical market size expansion.
Chemical requirements in maintenance operations are being amended by regulatory agencies around the world, including the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). These agencies have amended many mandatory regulations for properly and timely maintenance of aircrafts in order to avoid any disastrous consequences. Also, many companies in the aerospace maintenance chemicals market feel that product developments in new and effective chemicals can help them acquire a competitive advantage. They are spending a lot of money on research to improve their maintenance practices and cut costs. Technological improvements in the sector that result in the production of environmentally friendly products will have a positive impact on the rate of business growth.
The global aerospace maintenance chemical market is 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 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.
The report focuses on the global aerospace maintenance chemical market and the major products & applications, where aerospace maintenance chemicals are used, and roles of different key players that shape the market. The report focuses on the overall demand for aerospace maintenance chemical markets in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
IMPACT OF COVID-19 ON THE GLOBAL AEROSPACE MAINTENANCE CHEMICAL MARKET
- COVID-19 pandemic prevalence has had a negative impact on aerospace maintenance chemical market growth. Due to strict lockdown and travel restrictions, worldwide, the aviation industry suffered major losses and hence it affected the aerospace maintenance chemical industry negatively.
- Also, international travel was banned for almost a year in major parts of the world to contain the spread of corona virus, hence the use of maintenance chemicals for maintaining and repairing aircrafts was decreased, which hindered the aerospace maintenance chemicals growth in the pandemic time period.
Key Findings of the Study
- By nature, the inorganic sub-segment dominated the global aerospace maintenance chemical market in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period.
- By product type, the deicing fluids sub-segment dominated the global aerospace maintenance chemical market in 2021.
- By type of aircraft, the commercial aircraft sub-segment dominated the global aerospace maintenance chemical market in 2021.
- Based on region, the North America market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | July 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 7762.8 million |
| Forecasted Market Value ( USD | $ 13673.3 million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
