The global aerospace maintenance chemical market is anticipated to move steadily, registering a nominal CAGR of 3.4% during the forecast period 2022 to 2032.
The need for aviation maintenance chemicals is fuelled by an increase in demand for aircraft surface repair, given the influence of the surrounding temperature and climatic conditions.
Surrounding temperature and climatic conditions associated with the aerospace maintenance chemical industry have generated the need for maintenance activities which in turn created the demand for the aerospace maintenance chemical market. The aerospace maintenance chemicals include aircraft cleaning chemical, aircraft surface conditioning chemicals, and de-icing chemicals of aircraft.
The aerospace maintenance chemical cleaners are used for all commercial aircraft to keep them corrosion free as well as provide hygiene and safe from inside as well as outside areas of the aircraft. ADF (Aircraft De-icing Fluid) or AAF (Aircraft Anti-icing Fluid) generally known as aircraft de-icing chemicals are used to remove the ice and snow from the surface.
De-icing is necessary for the region having frequent ice and snowfall. The aerospace maintenance chemicals also include lubricants for the moving parts of its jet engine. These chemicals are really necessary for the safe running of aircraft.
| Attributes | Details |
|---|---|
| Aerospace Maintenance Chemical Market Value in 2020 | USD 7.2 Billion |
| Aerospace Maintenance Chemical Market CAGR (2022 to 2032) | 3.4% |
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Stringent regulations related to the safety of aviation transport and the chemicals which are required in the aviation industry for maintaining the operational efficiency of the aircraft will influence the aerospace maintenance chemical market.
The aerospace maintenance chemical market is being primarily driven by the growth of the commercial aircraft fleet coupled with the multiple numbers of trips made per day which calls for perennial maintenance of the aircraft having traveled through varying atmospheric conditions.
Other than this environment watchers and government bodies are continuously forming regulations related to emissions from aircraft, which has led to a major number of airline carriers to regularly service and lubricate their aircraft fleet to keep control of its emission levels, which, in turn, also helps in adding value to the aerospace maintenance chemical market.
Given the rising consciousness pertaining to safety, cleanliness, and hygiene when picking airlines, airline firms are shifting their attention to aerospace cleaning, resulting in increased demand.
Commercial aircraft, single-engine pistons, business aircraft, military aircraft, helicopters, space, and others are all segments of the aerospace maintenance chemical market. Because of the rising commercial aircraft fleet throughout the world and increased demand for international and domestic flights, the commercial aircraft market is likely to remain the largest segment over the projection period.
Aircraft cleaning chemicals, aircraft leather cleaners, aviation paint removers, aviation paint strippers, specialty solvents, degreasers, and aircraft wash & polish make up the aerospace maintenance chemical market. The aircraft cleaning chemicals market is expected to stay the biggest, owing to rising passenger concerns about safety, cleanliness, and hygiene when choosing airlines, pushing airlines to focus more on aerospace cleaning, resulting in increased demand for the aerospace maintenance chemical market.
The international aircraft maintenance chemical market is dominated by the North American area, which is predicted to grow even more throughout the forecast period owing to the significant development of the airline sector, the USA dominates the aircraft maintenance chemical market in this area.
North America holds a major share of the global aerospace maintenance chemical market as it covers the largest aircraft fleet across the globe.
As aerospace maintenance chemicals are used on aircraft, the growth in the fleet will directly increase the consumption of the aerospace maintenance chemical market. North America is followed by Europe and Asia.
Asia's aerospace maintenance chemical market is expected to have substantial growth in the forecast period owing to the growth of the aerospace industry in this region. The rest of the world market is estimated to account for a relatively small share of the aerospace maintenance chemical market.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2012 to 2020 |
| Market Analysis | USD Billion for Value |
| By Nature | Organic chemicals, Inorganic chemicals, Others |
| By Type | Commercial aircraft, General aviation, Helicopters, Defense aircrafts |
| By Application | Deicing Fluids, Cleaning Fluids, Others |
| By Region | North America (USA, Canada); Latin America (Mexico. Brazil); Western Europe (Germany, Italy, France, United Kingdom, Spain); Eastern Europe (Poland, Russia); Asia Pacific (China, India, ASEAN, Australia & New Zealand); Japan; Middle East and Africa (GCC Countries, S. Africa, Northern Africa) |
| By Key Players | Exxon Mobil Corporation; Royal Dutch Shell plc; The Dow Chemical Company; Arrow Solutions; Callington Haven Pty Ltd.; Florida Chemical; Nuvite Chemical Compounds; Eastman Chemical Company; ALMADION International; JACO INDUSTRIALS INC.; Velocity Chemicals Ltd.; Quaker Chemical Corporation; BP p.l.c.; Chevron Corporation |
The aerospace maintenance chemical market is expected to witness a CAGR of 3.4% from 2022 to 2032.
The aerospace maintenance chemical market by 2027 is estimated to grow over the valuation of USD 9.10 Billion.
Aerospace maintenance chemical spending in 2020 is expected to be USD 7.2 billion.
The global aerospace maintenance chemical market is expected to reach USD 10.40 Billion by 2032.
North America holds the biggest market share in the aerospace maintenance chemical market.
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Aerospace Maintenance Chemical Market
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