USD 8.59 billion
Global Aerospace Maintenance Chemical Market Size, Share, Growth Analysis, By Aircraft(Commercial Aircraft and Single Engine Piston), By Installation(On-Site & Off-Site ), By Product(Aircraft Cleaning chemicals and Specialty Solvents) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2248 |
Region:
Global |
Published Date: April, 2024
Pages:
200
|
Tables:
84 |
Figures:
71
Global Aerospace Maintenance Chemical Market Insights
Global Aerospace Maintenance Chemical market size was valued at USD 8.59 billion in 2022, USD 9.13 in 2023 and is projected to grow to USD 13.95 billion by 2031, growing at a CAGR of 6.24% in the forecast period (2024-2031).
Rising global demand for aerospace industry has led to aerial vessels being maintained efficiently. Mainly, it is done by aerospace maintenance chemicals which are used for optimizing the operational capability of the aircraft. Wide usage of it includes paint removers, cleaning materials, paint strippers and aircraft washers & polishers. The cleaners help maintain all commercial aircraft free from corrosion and standard hygienic conditions inside and outside. Due to the unconditional climate conditions and surrounding temperatures, demand for maintenance of aircraft surfaces rose and aerospace maintenance chemical market with it.
Government regulations around the globe started focusing on regulations which incorporates maintenance, repair and overhaul (MRO) activities to grow without harmful chemicals used, reasonable maintenance cost good number of market players and matching time constraints. While some nations in the region have the capacity to do so, others do not. Recent years have seen a noticeable mismatch between supply and demand in the aerospace sector, which has prompted an increase in aircraft manufacturing. Many businesses are greatly funding research and development for cost-cutting and maintenance techniques. This, in turn, would raise MRO activities, hence generating profitable prospects for the growth of the aerospace maintenance chemical market.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
On-Site
Fastest Growth
Off-Site
Growth Rate
6.24% CAGR
Global Aerospace Mainteance Chemical Market ($ Bn)
Country Share for North America Region (%)
Global Aerospace Mainteance Chemical Market By installation ($ Bn)
Global Aerospace Mainteance Chemical Market By Installtion (%)
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Global Aerospace Maintenance Chemical Market Segmental Analysis
The global aerospace maintenance chemical market is sub-segmented based on 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, defense, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. All these aspects play an essential role for maintaining aircraft performance, covering strict safety regulations, and prolonging the aircraft's lifespan.
Different aircraft components and systems require specialized maintenance chemical catered to their unique needs, where products type leads. This is due to manufacturers can provide a broad selection of products to meet the various maintenance needs of airframes, engines, avionics, hydraulics, and interiors. Examples of these items include cleansers, lubricants, corrosion inhibitors, sealants, and adhesives. Product innovation is also fueled by developments in chemical formulations and technology, which reinforces the importance of product type segmentation in satisfying the changing needs of the aerospace sector.
Analysis by Installation Type
As per the categorization by installation type, the market is classified into on-site, off-site, mobile and in-house installations. Among these types, on-site still earns the largest share in the past and continues to dominate the market. Increased aviation traffic is predicted to fuel this segment's growth in the future by raising the need for aircraft maintenance and repair services. Technological developments, like the use of predictive analytics and automated maintenance systems, are expected to increase productivity and efficiency in on-site maintenance operations, which will increase the need for specialty maintenance chemicals.
There will likely be a steady increase in demand for off-site aerospace maintenance chemicals due to the anticipated growth in air travel and the expanding worldwide fleet of aircraft. The growth of MRO facilities, among other aviation infrastructure components, will be a major driver of demand for on-site maintenance chemicals.
Analysis by Product
The demand for more effective and ecologically friendly solutions is driving innovation in airplane cleaning chemicals in the global aerospace maintenance chemical market. Producers are concentrating on creating non-toxic, bio-based cleaning solutions that meet strict environmental standards and yield good results. These sophisticated mixtures shield aircraft surfaces and cut down on dangerous emissions, prolonging the life of the aircraft. Additionally, to reduce downtime—which is essential for sticking to strict flight schedules—adoption of cleaners that dry quickly and leave no residue is growing.
On the other side, interior maintenance is expected to grow at the fastest rate during the forecast period. This is supported by factors such as demand, that will be driven by the requirement for efficient disinfection solutions in response to public health issues. Furthermore, new chemical solutions for interior cabin care will be made possible by developments in material science and surface coating technologies.
Global Aerospace Mainteance Chemical Market By End User (%), 2022 (%)
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Global Aerospace Maintenance Chemical Market Regional Insights
Geographically, the global market for aerospace maintenance chemical market is dominated by North America. Due to the region's expanding aerospace sector, North America held the highest share of the market for aircraft maintenance chemicals according to future forecast. As the region's growing aircraft production, the United States is the biggest user of aerospace maintenance chemicals. The Aerospace Industries Association (AIA) reports that exports from the US aerospace and defense sector increased by 26% over a five-year period to reach USD 143 billion in 2017. Additionally, growing expenditures on military aircraft to bolster the nation's military might are propelling industry expansion.
Moreover, emerging markets include areas like Europe, home to major businesses in the aerospace and defense sector including Airbus, Thale, and Gifas, as well as aircraft maintenance chemicals. ADS Group, the biggest player in the aerospace business, is present in the UK, product consumption is rising. With the demand for aircraft in developing nations like China, India, and Thailand soaring, the aerospace maintenance chemicals market in Asia-Pacific is predicted to grow at the quickest rate. The region's market is expanding thanks in part to the thriving tourism sector. Due to the expanding aviation industries in the United Arab Emirates, Oman, and Saudi Arabia, the Middle East and Africa market is anticipated to grow significantly over the study period.
Global Aerospace Mainteance Chemical Market By Geography, (2024-2031)
- Largest
- Fastest
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Global Aerospace Maintenance Chemical Market Dynamics
Drivers
Prolongation of Aerospace Fleets
- This development benefits international producers and suppliers of aeronautical maintenance chemicals, who see steady demand for their goods. Further driving market expansion and innovation are developments in chemical formulations to address issues related to ageing aeroplanes. These substances are necessary to shield aircraft parts and structures against deterioration, wear, and corrosion over time.
Strong Regulating Guidelines
- The use of certified maintenance chemicals that satisfy performance and environmental requirements is required to comply with these rules. Demand for aerospace maintenance chemicals that adhere to industry norms and regulations is driven by strict regulatory requirements. This covers materials that satisfy aeronautical material standards (AMS), formulations that are environmentally friendly, and chemicals with minimal volatile organic compound (VOC) emissions.
Restraints
Slow Compliance of Enviromental Regulations
- The market for aerospace maintenance chemicals may be significantly constrained by environmental laws designed to minimize pollution and the negative effects of aviation operations on the environment. Chemicals used in aerospace maintenance frequently contain elements that, if improperly handled, could be hazardous to the environment. Such factors may hamper the overall growth rate of this market in the coming years.
Frequent Supply Chain Disruptions
- The market for aerospace maintenance chemicals is vulnerable to supply chain disruptions brought on by recent events like pandemics, natural catastrophes, geopolitical unrest, and shortages of raw materials. interruptions in the supply chain can result in manufacturing delays, distribution interruptions, and shortages of essential raw materials.
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Global Aerospace Maintenance Chemical Market Competitive Landscape
Intense competition among major companies seeking market dominance, product innovation, and meeting the changing needs of the aerospace sector characterizes the worldwide aircraft maintenance chemical market. The market leaders in aerospace maintenance chemicals are Henkel AG & Co. KGaA and 3M Company, thanks to their broad product offerings, widespread presence, and well-known brands. In the highly competitive aerospace maintenance chemical business, cooperation and strategic alliances are essential. Organizations establish partnerships with airlines, maintenance providers, and aircraft manufacturers to create customized solutions, broaden their market penetration, and seize novel prospects.
Top Player’s Company Profiles
- Henkel AG & Co.,KGaA (Germany)
- 3M (U.S.)
- Aviation Chemical Solutions (U.S.)
- Callington Haven Pty Ltd. (Australia)
- Eastman Chemical Company (U.S.)
- Royal Dutch Shell (Netherlands)
- Exxon Mobil Corporation (U.S.)
- Florida Chemical Supply, Inc. (U.S.)
- Nexeo Solutions (U.S.)
- Aerochemicals (France)
- KLX Inc. (U.S.)
- Krayden, Inc. (U.S.)
- KLX Inc. (U.S.)
- Arrow Solutions (UK)
- Hansair Logistics Inc. (U.S.)
Recent Developments
- In June 2023, Aerchem International introduced a new range of water-based lubricants. Compared to conventional lubricants made of petroleum, these lubricants are intended to be safer to use and more environmentally friendly.
- In July 2023, 3M announced the introduction of a new range of adhesives and sealants. Compared to conventional goods, the adhesives and sealants are intended to be more robust and resistant to hostile environments.
- In August 2023, the aerospace maintenance chemicals division of Ciba Specialty Chemicals was acquired by Henkel. Henkel's position in the market for aerospace maintenance chemicals is anticipated to be strengthened by the acquisition.
Global Aerospace Maintenance Chemical Key Market Trends
- Eco-Friendly Practices: Sustainability initiatives are becoming a popular trend in the market for aerospace maintenance chemicals. The demand for low-toxicity, biodegradable, and environmentally friendly maintenance chemicals is rising as environmental responsibility becomes more and more of a global concern. Producers are facing demands to create goods with as little negative influence on the environment as possible without sacrificing functionality. Reducing chemical waste and implementing recycling programme are two examples of sustainable practices that are increasingly crucial factors influencing consumer preferences and industry trends.
- Shifting Consumer Preferences Reshape the Aviation Maintenance Chemicals: Changing In this industry, consumer preferences have a big influence on market trends. When selecting maintenance chemicals, customers—including airlines, maintenance providers, and aircraft manufacturers—are becoming more and more concerned with dependability, efficiency, and cost-effectiveness. Additionally, consumers are favoring systems with minimal downtime during maintenance procedures, compatibility with a wide range of aircraft components, and ease of use. By meeting end-user needs, companies that modify their products to suit these changing preferences have an impact on market trends.
Global Aerospace Maintenance Chemical Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the consistent demand benefits global manufacturers and suppliers of chemicals used in aeronautical maintenance. propelled by advancements in chemical compositions designed to tackle problems associated with aged aerospace vessels, crucial for safeguarding against erosion and rust. Even so, the industry is severely limited by the tardy adherence to environmental laws intended to reduce pollution and lessen the environmental impact of aviation, which could impede the market's expansion. The global market for aerospace maintenance chemicals is characterized by fierce competition between prominent manufacturers, such as Henkel AG & Co. KGaA and 3M Company, who are renowned for their robust brand recognition and wide range of products. As worldwide environmental concerns rise, there is a growing demand for low-toxicity, biodegradable, and environmentally friendly goods. Sustainability initiatives are gaining popularity in the aerospace maintenance chemical industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.59 billion |
| Market size value in 2031 | USD 13.95 billion |
| Growth Rate | 6.24% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aerospace Maintenance Chemical Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aerospace Maintenance Chemical Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aerospace Maintenance Chemical Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aerospace Maintenance Chemical Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aerospace Maintenance Chemical Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aerospace Maintenance Chemical Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aerospace Maintenance Chemical Market Report Snapshots
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