What Factors Propelled The Growth Of The Aerospace Maintenance Chemicals Market In The Past?
The aerospace maintenance chemicals market has seen considerable growth due to a variety of factors.
• The market size of aerospace maintenance chemicals has seen considerable growth in the past few years. The size is projected to increase from $7.89 billion in 2024 to $8.4 billion in 2025, scaling at a compound annual growth rate (CAGR) of 6.5%. This growth in the past years is owed to factors such as rising air travel, safety and performance mandates, ageing aircraft fleets, maintenance and repair operations (MRO), and heightened aviation standards.
What Is the Forecasted Market Size and Growth Rate for The Aerospace Maintenance Chemicals Template Market?
The Aerospace Maintenance Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of aerospace maintenance chemicals is projected to experience robust growth over the upcoming years, reaching $11.2 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%.
This expansion during the forecast time frame can be ascribed to factors such as cost optimization in maintenance operations, advancements in chemical blends, requisite safety and performance parameters, worldwide growth of the aviation industry, and escalating aviation norms. The major developments expected during this period entail technology assimilation, strategies aimed at preventing corrosion, safety and performance norms, innovatory chemical formulation practices, and an increasing demand for fuel efficiency.
What Factors Are Driving Growth In The Aerospace Maintenance Chemicals Market?
The growth of the aerospace maintenance chemicals market is predicted to be propelled by a rise in air passenger traffic. The latter refers to the quantity of air commuters and includes both individuals on domestic and international flights. Aircraft maintenance, which ensures full operationality and safety of the aircraft for passengers, crew members, and those in the servicing area, promotes the use of aerospace maintenance chemicals. For example, the Department for Transport, a government department in the UK, reported that in 2022, an astonishing 195.6 million passengers flew internationally from or to British airports. Thus, the surge in air passenger traffic is expected to stimulate the aerospace maintenance chemicals market.
What Are The Main Segments Of The Global Aerospace Maintenance Chemicals Market?
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
Subsegments:
1) By Organic: Solvents, Cleaners And Degreasers, Lubricants, Adhesives And Sealants
2) By Inorganic: Corrosion Inhibitors, Alkaline Cleaners, Descalers And Rust Removers, Surface Treatments
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What Emerging Trends Are Influencing The Growth Of The Aerospace Maintenance Chemicals Market?
Propelling the aerospace maintenance chemicals market are product advancements, with environmental considerations spearheading these key trends. Aero-centered maintenance chemicals derived from eco-friendly constituents are gaining traction due to their safety towards humans and their environmental compatibility. These green chemicals, primarily enzyme-based and devoid of any harsh chemical compounds, are produced from plant materials. Leading corporations within the aerospace maintenance chemicals trade are leveraging innovation to consolidate their marketplace status. To demonstrate, Socomore, a U.S.-based aerospace entity, unveiled its SOCOCLEAN AIRCRAFT CLEANERS range in June 2022. Distinguished by its 100% plant and mineral-based formulation, it caters to both interior and exterior aircraft sanitation. The cleaners boast quick biodegradability within a 28-day span, leaving no toxic remnants for the environment to combat. Moreover, these environmentally-friendly cleaners have zero detrimental effects on the environment, thereby reducing the carbon footprint.
Who Are the Key Players In The Aerospace Maintenance Chemicals Market?
Major companies operating in the aerospace maintenance chemicals market include:
• Exxon Mobil Corporation
• Eastman Chemical Company
• Arrow Solutions LLC
• 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
• 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.
What Is The Most Dominant Region In The Aerospace Maintenance Chemicals Market?
North America was the largest region in the aerospace maintenance chemicals market in 2024. The regions covered in the aerospace maintenance chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
