Aerospace Maintenance Chemicals Market Global Overview, Size, Share, Sales Revenue, Gross Margin, Enhancement Study and Industry Segment 2024
Global Aerospace Maintenance Chemicals Market: Information by Grade (Food, Pharmaceutical, Cosmetic), Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Agriculture/Animal Feed), and Region: Forecast till 2024
Pune, India – July 2, 2019 /MarketersMedia/ —
Market Synopsis:
Aerospace Maintenance Chemicals help in enhancing the operational efficiency of the aircraft. It is extensively used in paint strippers, cleaning materials, degreasers, paint removers, etc. According to Market Research Future (MRFR)’s latest analysis, the Global Aerospace Maintenance Chemicals Market is anticipated to exhibit a steady CAGR during the projection period 2018 to 2023.
The increasing safety standards imposed by the European Authority in Aviation Safety and the U.S. Federal Aviation Administration are likely to intensify the need for these chemicals. It is projected to support the expansion of the Aerospace Maintenance Chemicals Market over the next couple of years. In addition, the complex structures of modern aircraft require maintenance and regular inspection. It is prognosticated to catapult the market on upward trajectory.
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The commercial aviation industry is witnessing a boom at present. The industry is expected to exhibit robust growth across the forecast period owing to the massive growth witnessed in the air traffic across the world. The increasing economic stability has led to a rise in the air traffic which is projected to catalyze proliferation of the Aerospace Maintenance Chemicals Market in the foreseeable future.
Competitive Dashboard:
The key players profiled for a detailed share analysis of the Global Aerospace Maintenance Chemicals Market are 3M (U.S.), Aerochemicals (France), Royal Dutch Shell (Netherlands), Arrow Solutions (England), Callington Haven Pty Ltd. (Australia), KLX Inc. (U.S.), Aviation Chemical Solutions (U.S.), Eastman Chemical Company (U.S.), Florida Chemical Supply, Inc. (U.S.), Exxon Mobil Corporation (U.S.), Hansair Logistics Inc. (U.S.), Nexeo Solutions (U.S.), Henkel AG & Co., KGaA (Germany), and Krayden, Inc.(U.S.).
Industry News:
In June 2019, Wesco Aircraft Holdings, Inc., a provider of supply chain management services to the aerospace industry, has signed a contract with Leonardo S.p.A., a high-technology company in the aerospace, defense, and security.
In June 2019, the aerospace industry, including Nasa, has extended support to the US EPA’s plans of preserving some of the commercial uses of methylene chloride based paint removers.
In June 2019, the supplier of Boeing, Aim Aerospace, has been acquired by a Japanese chemicals conglomerate.
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Market Segmentation:
On the Basis of Nature, the Global Aerospace Maintenance Chemicals Market has been bifurcated into organic and inorganic.
On the basis of Product, the Global Aerospace Maintenance Chemicals Market is segmented into aircraft leather cleaners, aviation paint removers, aircraft cleaning chemicals, aviation paint strippers, degreasers, aircraft wash and polishes, specialty solvents, aluminum brighteners, and others.
On the basis of Application, the Global Aerospace Maintenance Chemicals Market has been bifurcated into aircraft parts and MRO (maintenance, repair, and overhaul).
Based on Aircraft, the Global Aerospace Maintenance Chemicals Market has been segregated into business, general, commercial, military, spacecraft, helicopter, and others.
Regional Analysis:
The Global Aerospace Maintenance Chemicals Market, by Region, has been segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa (MEA). North America holds the largest share of the global market owing to the presence of major players in the region. The region is also poised to witness an upsurge in the production of aircraft in the years to come. This, in turn, is projected to support the proliferation of Aerospace Maintenance Chemicals Market in the region over the next few years. In addition, the increasing investments in defense aircraft are further expected to propel market expansion in the foreseeable future.
Europe is another prominent regional segment and is likely to benefit from the consolidation of global market leaders. The presence of developed nations such as the U.K., Germany, etc. is anticipated to drive the growth of the Aerospace Maintenance Chemicals Market in the region over the next couple of years.
Asia Pacific is expected to exhibit a comparatively faster growth in the foreseeable future. India, China, and Thailand are anticipated to observe increasing demand over the assessment period.
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