What is Aircraft Chemicals Market?
The global aerospace chemical market is gaining traction as a result of factors such as rising flight preference, rising aviation industry, and rising per capita income. Aerospace chemicals are chemicals used to keep the interior and exterior of aircrafts clean and corrosion-free. These chemicals include paint removers, specialty solvents, brighteners, and other substances. These chemicals are also used to clean leather, brakes, and remove paint, among other things. Increased airline transport, as well as an increase in air travellers and lower air fares, are expected to propel the aerospace chemical market forward.
Highlights from Aircraft Chemicals Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Eastman Chemical Company (United States), The Sherwin Williams Company (United States), Phillips 66 (United States), Callington (Australia), PPG Industries (United States), Avi-Oil (India), SINOPEC (China), LUBAIR AVIATION TECHNOLOGY (United States), Alglas U (United Kingdom), RPM Technology, LLC (United States), Exxon Mobil Corporation. (United States), Akzonobel (Netherland), Axalta Coating Systems Ltd. (United States), Calumet Specialty Products Partners (United States) and Henkel AG & Co. KGaA. (Germany) |
The global aircraft chemical market is highly fragmented, with major key players investing heavily in precision fermentation production systems. Existing market players are utilising strategic collaboration projects to increase their market share and profitability. Mid-sized and smaller businesses, on the other hand, are expanding their market presence by investing in R&D and developing new products. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Aircraft Chemicals market throughout the forecasted period.
Eastman Chemical Company (United States), The Sherwin Williams Company (United States), Phillips 66 (United States), Callington (Australia), PPG Industries (United States), Avi-Oil (India), SINOPEC (China), LUBAIR AVIATION TECHNOLOGY (United States), Alglas U (United Kingdom), RPM Technology, LLC (United States), Exxon Mobil Corporation. (United States), Akzonobel (Netherland), Axalta Coating Systems Ltd. (United States), Calumet Specialty Products Partners (United States) and Henkel AG & Co. KGaA. (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ecosterile Environmental Technologies (India), Rx Marine International (India), Nuvite Chemical Compounds (United States), Illinois Tool Works Inc. (United States), Callington Haven (Austalia) and Mcgean-Rohco Inc. (United States). Aircraft Chemicals Market Segmentation:
Scope | Sub-Segments |
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Type | Interior and Exterior |
End User | Civil Aircraft,Military,Others |
Chemical | Corrosion Inhibitors,Resins,Paints,Waxes |
On the basis of geography, the market of Aircraft Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Aircraft Chemicals Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growth in aviation industry in developing country and region
- Rising number of passengers flying drives the market growth
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Influencing Trends | - The increased demand for aircraft surface repair as a result of environmental temperature and climatic conditions
- Stringent government rules and regulation over the maintenance of the aircraft
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Restraints | - High initial capital cost associated with the aircraft chemical restrict the market growth
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Road Blocks / Challenges | - Lack of infrastructure in underdeveloped countries limits the market growth
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Gaps & Opportunities | - Rise in per capita income
- Growing Preference for flight travel creates tremendous opportunities for the market
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Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Market Leaders & Development Strategies
On November 1, 2021, One Rock Capital Partners Completes Acquisition of Eastman Chemical's Tire Additives Business, Renames Company Flexsys and On March 15, 2022, Kraton Corpation completes the mergers with DL chemicals. The mergers aim to deliver and strengthen the brand presence by leveraging the DLs Chemical manufacturing capabilities and footprint in the Asian market.