The global aerospace maintenance chemical market was worth US$ 7.2 Billion in the year 2020 and is expected to reach US$ 10.4 Billion by the year 2032 at a CAGR of 3.4% between 2022 and 2032.
The aerospace chemicals market is expected to witness a major overhaul in the upcoming period on the back of increase in frequency of the air travellers across the globe. As such, the airlines are into provision of cleaner experience to the passengers. It’s a known fact that passengers’ continuous contact with cabin’s interior tends to degrade the interiors of aircraft; thereby necessitating cleaning operations.
Aerospace maintenance chemicals could be lubricants or solvents. Lubricants are substances reducing friction between the moving parts; whereas solvents are the ones dissolving or removing materials like dust, dirt, paint, and grease.
With increase in complexity of systems, airframes, and engines, maintenance as well as well as repairing of aircraft turns out to be mandatory. As aircraft components are pretty costly, and downtime could incur heavy losses to the airlines, it’s advisable to ascertain proper maintenance.
“With growing realization of the fact that aerospace maintenance chemicals could be used as paint removers, cleaning materials, degreasers, paint strippers, and aircraft polishers & washers to render the commercial aircraft free of corrosion, the global aerospace maintenance chemical market is expected to grow on a stupendous note in the near future”, says an analyst from Future Market Insights.
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Competitive Chemicals
- Singapore Technologies Engineering Ltd., of late, did sell 50% of equity stake in ‘Keystone Holdings Pte. Ltd.’ to ‘SJ Aviation Capital Pte. Ltd.’ for nearly US$ 10.7 Mn. ST Aerospace, along with SJ Aviation Capital, would be owning half of Keystone Holdings each; which would aid in developing a portfolio of the maintenance chemical products.
- Quaker Chemical Corporation is known for providing process fluids, technical expertise, and specialty chemicals to a broad spectrum of industries inclusive of aluminum, steel, mining, automotive, aerospace, cans, tube and pipe, and likewise.
Key Players
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- The Dow Chemical Company
- Arrow Solutions
- Callington Haven Pty Ltd.
- Florida Chemical
- Nuvite Chemical Compounds
- Eastman Chemical Company
- ALMADION International
- JACO INDUSTRIALS INC.
- Velocity Chemicals Ltd.
What does the Report highlight?
- The research study is based on nature (inorganic chemicals, organic chemicals, and others), by type (commercial aircraft, general aviation, helicopters, and defense aircrafts), and by application (deicing fluids, cleaning fluids, and others).
- With an increasing demand for aircraft surface repair, the global aerospace maintenance chemical market is bound to grow inadvertently going forward.
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