Overview and Scope
Aerospace maintenance chemicals refer to cleaning agents used for aircraft operating proficiency.
Sizing and Forecast
The aerospace maintenance chemicals market size has grown strongly in recent years. It will grow from $7.44 billion in 2023 to $7.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing air travel, safety and performance requirements, ageing aircraft fleet, maintenance and repair operations (mro), increased aviation standards..
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The aerospace maintenance chemicals market report table of contents includes:
1. Executive Summary
2.Aerospace Maintenance Chemicals Market Characteristics
3.Aerospace Maintenance Chemicals Market Trends And Strategies
4.Aerospace Maintenance Chemicals market analysis
5. Aerospace Maintenance Chemicals Market Size And Growth
6.Aerospace Maintenance Chemicals Segmentation
7.Aerospace Maintenance Chemicals Regional And Country Analysis
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27. Aerospace Maintenance Chemicals Competitive Landscape And Company Profiles
28. Aerospace Maintenance Chemicals Key Mergers And Acquisitions
29.Aerospace Maintenance Chemicals Future Outlook and Potential Analysis
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