Aerospace Maintenance Chemicals Market Forecast by Key Players: Shell, Eastman, The Dow Chemical Company, Arrow Solutions, 3M, Wesco aircraft, KLX Inc., and Henkel

In the recent times, aerospace maintenance chemicals market has been traversing along an exponential growth path. The rising disposable incomes and the apparent enhancement in the living standards of middle class households, especially in the developing economies, coupled with low air fares has provided a tremendous boost to the tourism sector. This change of dynamics across the tourism industry has in turn, hugely benefited aerospace maintenance chemicals industry across the globe, compelling aircraft carriers to shore up their existing aircraft fleet for meeting the surging demand witnessed in the aviation sector.

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The increased number of flight frequencies and strict regulations prescribed by aviation authorities regarding passenger and aircraft security have further necessitated frequent maintenance checks of the aircrafts. This will apparently contribute to the rapid expansion of aerospace maintenance chemicals market, estimated to have surpassed a total valuation of USD 7 billion in 2017.

Aircraft paint removers —an emerging product segment to catalyze aerospace maintenance chemicals market

Aerospace maintenance chemicals industry encompasses a wide spectrum of products such as aircraft cleaning chemicals, paint removers, leather cleaners, degreasers, aircraft wash, specialty solvents, and paint strippers. However, among all the products, paint removers have acquired a prominent role in enhancing the aircrafts’ service life and preventing them from rust and corrosion. The importance of this product segment can be underlined by the fact that the aviation paint removers are forecast to register highest CAGR among all the other products, which would further accelerate the global aerospace maintenance chemicals market size progression in the ensuing years. As per estimates, aerospace maintenance chemicals industry size from aviation paint removers is forecast to record a growth rate of 3.7% over 2018-2024.

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Aerospace maintenance chemicals Market, By Product
• Aircraft cleaning chemicals
• Aircraft leather cleaners
• Aviation paint removers
• Aviation paint strippers
• Specialty solvents
• Degreasers
• Aircraft wash and polish

Aerospace maintenance chemicals Market, By Aircraft
• Carpets Commercial aircraft
• Single engine piston
• Business aircraft
• Military aircraft
• Helicopter
• Space

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North America is predicted to surpass USD 2.6 billion by 2024 with increasing repair activities and competitive pricing along with presence of multiple industry players. The U.S. dominates industry share owing to vast expansion of aviation industry. Middle East aerospace maintenance chemicals market size will witness robust growth with increase in business and private aircrafts.

Asia Pacific led by China, Japan, and India will register around 4% CAGR owing to presence of substantial number of MRO bases with better services and enhanced technologies. Constant investment from aircraft companies for MRO will further augment aerospace maintenance chemicals business across the region.

Shell, Eastman, The Dow Chemical Company, and Arrow Solutions are among the prominent players in aerospace maintenance chemicals industry. Other notable players including 3M, Wesco aircraft, KLX Inc., and Henkel. Companies are implementing strategies such as strategic partnerships to enhance their industry share. For instance, in October 2017, Arrow Solutions announced strengthening its partnership with its Norway distributor to improve product availability.

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