Aerospace Maintenance Chemical Market Overview
The global aerospace maintenance chemical market is poised for significant growth, driven by an increasing need for maintaining aircraft surfaces
WILMINGTON, DE, UNITED STATES, December 19, 2024 /EINPresswire.com/ — The global aerospace maintenance chemical market is poised for significant growth, driven by an increasing need for maintaining aircraft surfaces, rising flight frequency among middle-class populations due to higher disposable incomes, and extensive use of cleaners to ensure corrosion-free and hygienic conditions for commercial aircraft. According to Allied Market Research, the market was valued at $7.8 billion in 2021 and is projected to reach $13.7 billion by 2030, growing at a CAGR of 6.2% from 2022 to 2030.
饾悆饾惃饾惏饾惂饾惀饾惃饾悮饾悵 饾悞饾悮饾惁饾惄饾惀饾悶 饾悘饾悮饾悹饾悶饾惉 饾惃饾悷 饾悜饾悶饾惉饾悶饾悮饾惈饾悳饾悺 饾悗饾惎饾悶饾惈饾惎饾悽饾悶饾惏: https://www.alliedmarketresearch.com/request-sample/5324
Key Market Drivers and Opportunities
– Maintenance Demand: Growing emphasis on preserving aircraft surfaces and enhancing operational efficiency fuels the demand for aerospace maintenance chemicals.
– Increased Air Travel: Higher disposable incomes among middle-class populations have led to increased flight frequency, boosting the need for maintenance solutions.
– MRO Activities: The surge in maintenance, repair, and overhaul (MRO) activities across various regions is expected to create lucrative opportunities in the market.
– Corrosion Prevention: Widespread use of chemicals to prevent corrosion and maintain hygiene in aircraft interiors and exteriors contributes significantly to market growth.
However, high maintenance costs associated with aircraft may pose challenges to market expansion. Nevertheless, the industry is expected to recover rapidly, with promising growth opportunities in the post-pandemic era.
Market Segmentation
By Nature
– Inorganic Segment: Dominated the market in 2021, accounting for more than half of the global share, and is anticipated to grow at a CAGR of 6.5% during the forecast period.
– Organic Segment: Complements the market with specialized applications.
By Type of Aircraft
– Commercial Aircraft: Held the largest share in 2021, contributing over 40% of the market, and is expected to exhibit the fastest growth with a CAGR of 6.5%.
– Other Segments: Include business, defense, and other aircraft categories.
By Region
– North America: Accounted for over one-third of the global market share in 2021, underscoring its leadership position.
– LAMEA: Projected to experience the highest growth rate, with a CAGR of 7.6% during the forecast period.
Key Market Players
Prominent players in the aerospace maintenance chemical market include:
– Exxon Mobil Corporation
– Henkel AG & Co. KGaA
– Arrow Solutions
– Eastman Chemical Company
– Florida Chemical
– The Dow Chemical Company
– Nuvite Chemical Compounds
– Aircraft Spruce and Specialty Co.
– Nexeo Solutions
– High Performance Composites & Coatings
Conclusion
The global aerospace maintenance chemical market is set for robust growth, driven by rising air travel demand and the essential need for aircraft maintenance. Despite challenges posed by high costs and the COVID-19 pandemic, the market鈥檚 recovery is bolstered by increased MRO activities and advancements in maintenance solutions. With significant contributions from key regions and players, the market holds substantial opportunities for stakeholders.
饾悎饾惂饾惌饾悶饾惈饾悶饾惉饾惌饾悶饾悵 饾悽饾惂 饾悘饾惈饾惃饾悳饾惍饾惈饾悽饾惂饾悹 饾悡饾悺饾悽饾惉 饾悜饾悶饾惄饾惃饾惈饾惌? 饾悤饾悽饾惉饾悽饾惌 饾悋饾悶饾惈饾悶: https://www.alliedmarketresearch.com/aerospace-maintenance-chemical-market/purchase-options
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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Originally published at https://www.einpresswire.com/article/770399640/aerospace-maintenance-chemical-market-to-reach-new-heights-with-increasing-demand-from-defence-industry
