Aerospace Maintenance Chemical Market , by Product Type (Deicing Fluid, Cleaning Fluid, Adhesive, Cleaner), by Type of Aircrafts (Jumbo Passenger Jets, Mid-size Passenger Jets, Light Passenger Jets, Space Aircraft, Helicopter), by Nature of Chemicals (Organic, Inorganic): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072064
- 290 Pages
- January 2020
- Materials and Chemicals
Market Definition:
Aerospace maintenance is the repair, overhaul, and inspection of aircrafts, and the aircraft components. Likewise, the chemicals used for maintaining corrosion free environment and to improve cleanliness for the external and internal parts of the aircrafts are known as aircraft maintenance chemicals. Such chemicals mainly include specialty solvents, paint removers, brighteners and others. In addition, these chemicals are utilized in brake cleaning leather cleaning, paint removal.
Market Drivers:
Rising air transport across the world is one of the significant factors growing the market. According to International Air Transport Association (IATA), the revenue generated through the air trips is predicted to double in the two decades, and this will be a major factor growing the aircraft maintenance chemicals market. Furthermore, owing to the increasing competitive rivalry among air companies, the ticket costs are decreasing considerably, which is enhancing the number of air passengers. Along with this, growth in living standards, rising disposable income, will further upsurge the demand for air travel, which boom the aerospace maintenance chemical industry.
Market Restraints:
Stringent government regulations, lack of expertise and high maintenance costs are some of the aspects that are declining the growth of aerospace maintenance chemical industry.
Furthermore, rising concerns about the negative impacts of Carbon Dioxide (CO2) emissions on the environment will also impact the market growth.
Market Opportunities:
Rising demand for eco-friendly chemicals will provide noteworthy growth opportunities for the overall market in coming decades. As the aircrafts release toxic and harmful chemicals, they are showing negative impact on the environment. So, due to aforementioned factors, the product manufacturers are emphasizing on developing “eco-friendly aircraft chemicals”, which are anticipated to provide the sufficient growth opportunities for the market participants.
Aerospace Maintenance Chemical Market, by Product Type:
Source: Research Dive Analysis
Based on the product type, the market is segmented into deicing fluids, cleaning fluids, adhesives, cleaners, and others. Aerospace cleaning fluids market generated a revenue of $1,344.0 million in 2018, and is further projected to reach upto $1663.3 million by 2026.
Aerospace Maintenance Chemical Market, by Aircraft Type:
Source: Research Dive Analysis
Based on the type of aircraft, the market is fragmented into mid-size passenger jets, jumbo passenger jets, spacecraft, light passenger jets and helicopters. Global Aerospace maintenance chemicals market for light passenger jets generated $2,352.0 million in 2018, and is anticipated to reach $3121.2 million by 2026. This is due to the rise in number of air travelers as well as the presence of more number of aircrafts.
Aerospace Maintenance Chemical Market, by Nature of Chemical:
Source: Research Dive Analysis
Based on the nature of chemicals, the market has been bifurcated into organic and inorganic. The global Organic aerospace maintenance chemical market generated revenue of $5,376.0 million in 2018, and is expected to generate revenue of $6890.4 by the year of 2026.
Aerospace Maintenance Chemical Market, by Region:
Source: Research Dive Analysis
Asia-Pacific aerospace maintenance chemical market share will generate revenue of $1,783.5 million till 2026. Countries such as Japan, India, China and are contributing considerably for the growth of this market. enhancement in technologies, along with an increase in the demand for (MRO) Maintenance, Repair & Overhaul Services in this region will further boom the Asia-Pacific aerospace maintenance chemical market.
North America aerospace maintenance chemical market generated revenue of $2,352.0 million in 2018, and is further anticipated to reach upto $2933.5 million. In this region, U.S. and Canada led the regional market. Due to vast growth of airline industry in the U.S., market is growing very fast. rising innovations in the space exploration sector, is also creating huge opportunities for the growth of the regional market in this region. For instance, advanced commercial and military aircrafts, Space Exploration Vehicles (SEV), and unmanned aerial systems (UAS) are under development stages in companies like SpaceX. This will create a huge scope for the growth of North America aerospace maintenance chemical market.
Key participants in Global Aerospace Maintenance Chemical Market:
Product development and joint ventures are the most common strategies followed by the market players
Source: Research Dive Analysis
Some of the global aerospace maintenance chemical market players include Bombardier Inc., AAR Corporation, Airbus SAS, Air France Industries KLM Engineering & Maintenance, Boeing Company, Delta TechOps, Eastman Chemical Company, Embraer S.A., GE Aviation, Nexeo Solutions, Henkel AG & Co. KGaA, Exxon Mobil Corporation, and many others. Key advances in aerospace maintenance chemical market include the adoption of various strategies such as joint ventures and mergers & acquisitions. For instance, in February 2018, AAR Corp. come into a joint venture with Indamer to advance a new MRO facility in Nagpur (India). This will advance the operations of repair, maintenance and overhaul services in this region.
Vaious types of trends are developing in the airline industry such as aircraft drywash techniques. In this technique, the aerospace drywash cleaners are used, which require very less amount of water for cleaning purposes. In addition, aircrafts remain clean and hygienic after this process, and will also supports in decreasing the consumption of fuel.
Aspect Particulars
Historical Market Estimations 2016-2018
Base Year for Market Estimation 2018
Forecast timeline for Market Projection 2019-2026
Geographical Scope North America, Europe, Asia-Pacific, LAMEA
Segmentation by Product Type • Deicing Fluid
• Cleaning Fluid
• Adhesive
• Cleaner
• Others
Segmentation by Type of Aircraft • Jumbo Passenger Jets
• Mid-size Passenger Jets
• Light Passenger Jets
• Space Aircraft
• Helicopter
Segmentation by Nature of Chemicals • Organic
• Inorganic
Key Countries covered U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia
Key Companies Profiled • AAR Corporation
• Air France Industries and KLM Engineering & Maintenance
• Airbus SAS
• Boeing Company
• Bombardier Inc.
• Delta TechOps
• Embraer S.A.
• GE Aviation
• Nexeo Solutions
• Henkel AG & Co. KGaA
• Exxon Mobil Corporation
• Eastman Chemical Company
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Type of Aircraft
2.3. Application
2.4. Nature of chemical
3. Market overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By type
3.8.2. By application
3.8.3. By nature of chemical
3.8.4. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Aerospace Maintenance Chemical Market, by Type
4.1. Space Aircraft
4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Business Aircraft
4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026
4.3. Commercial Aircraft
4.3.1. Market size and forecast, by region, 2016-2026
4.3.2. Comparative market share analysis, 2018 & 2026
4.4. Space Aircraft
4.4.1. Market size and forecast, by region, 2016-2026
4.4.2. Comparative market share analysis, 2018 & 2026
4.5. Helicopters
4.5.1. Market size and forecast, by region, 2016-2028
4.5.2. Comparative market share analysis, 2018 & 2028
5. Aerospace Maintenance Chemical Market, by Application
5.1. Cleaning Fluids
5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2018 & 2026
5.2. Deicing Fluids
5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2018 & 2026
5.3. Others
5.3.1. Market size and forecast, by region, 2016-2026
5.3.2. Comparative market share analysis, 2018 & 2026
6. Aerospace Maintenance Chemical Market, by Nature of Chemical
6.1. Organic
6.1.1. Market size and forecast, by region, 2016-2026
6.1.2. Comparative market share analysis, 2018 & 2026
6.2. Inorganic
6.2.1. Market size and forecast, by region, 2016-2026
6.2.2. Comparative market share analysis, 2018 & 2026
7. Aerospace Maintenance Chemical Market, by Region
7.1. North America
7.1.1. Market size and forecast, by type, 2016-2026
7.1.2. Market size and forecast, by application, 2016-2026
7.1.3. Market size and forecast, by nature of chemical, 2016-2026
7.1.4. Market size and forecast, by country, 2016-2026
7.1.5. Comparative market share analysis, 2018 & 2026
7.1.6. U.S.
7.1.6.1. Market size and forecast, by type, 2016-2026
7.1.6.2. Market size and forecast, by application, 2016-2026
7.1.6.3. Market size and forecast, by nature of chemical, 2016-2026
7.1.6.4. Comparative market share analysis, 2018 & 2026
7.1.7. Canada
7.1.7.1. Market size and forecast, by type, 2016-2028
7.1.7.2. Market size and forecast, by application, 2016-2028
7.1.7.3. Market size and forecast, by nature of chemical, 2016-2028
7.1.7.4. Comparative market share analysis, 2018 & 2028
7.1.8. Mexico
7.1.8.1. Market size and forecast, by type, 2016-2026
7.1.8.2. Market size and forecast, by application, 2016-2026
7.1.8.3. Market size and forecast, by nature of chemical, 2016-2026
7.1.8.4. Comparative market share analysis, 2018 & 2026
7.2. Europe
7.2.1. Market size and forecast, by type, 2016-2026
7.2.2. Market size and forecast, by application, 2016-2026
7.2.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.4. Market size and forecast, by country, 2018-2026
7.2.5. Comparative market share analysis, 2018 & 2026
7.2.6. Germany
7.2.6.1. Market size and forecast, by type, 2016-2026
7.2.6.2. Market size and forecast, by application, 2016-2026
7.2.6.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.6.4. Comparative market share analysis, 2018 & 2026
7.2.7. Spain
7.2.7.1. Market size and forecast, by type, 2016-2026
7.2.7.2. Market size and forecast, by application, 2016-2026
7.2.7.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.7.4. Comparative market share analysis, 2018 & 2026
7.2.8. France
7.2.8.1. Market size and forecast, by type, 2016-2026
7.2.8.2. Market size and forecast, by application, 2016-2026
7.2.8.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.8.4. Comparative market share analysis, 2018 & 2026
7.2.9. Italy
7.2.9.1. Market size and forecast, by type, 2016-2026
7.2.9.2. Market size and forecast, by application, 2016-2026
7.2.9.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.9.4. Comparative market share analysis, 2018 & 2026
7.2.10. Rest of the Europe
7.2.10.1. Market size and forecast, by type, 2016-2026
7.2.10.2. Market size and forecast, by application, 2016-2026
7.2.10.3. Market size and forecast, by nature of chemical, 2016-2026
7.2.10.4. Comparative market share analysis, 2018 & 2026
7.3. Asia-Pacific
7.3.1. Market size and forecast, by type, 2016-2026
7.3.2. Market size and forecast, by application, 2016-2026
7.3.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.4. Market size and forecast, by country, 2016-2026
7.3.5. Comparative market share analysis, 2018 & 2026
7.3.6. China
7.3.6.1. Market size and forecast, by type, 2016-2026
7.3.6.2. Market size and forecast, by application, 2016-2026
7.3.6.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.6.4. Comparative market share analysis, 2018 & 2026
7.3.7. Japan
7.3.7.1. Market size and forecast, by type, 2016-2026
7.3.7.2. Market size and forecast, by application, 2016-2026
7.3.7.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.7.4. Comparative market share analysis, 2018 & 2026
7.3.8. India
7.3.8.1. Market size and forecast, by type, 2016-2026
7.3.8.2. Market size and forecast, by application, 2016-2026
7.3.8.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.8.4. Comparative market share analysis, 2018 & 2026
7.3.9. Australia
7.3.9.1. Market size and forecast, by type, 2016-2026
7.3.9.2. Market size and forecast, by application, 2016-2026
7.3.9.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.9.4. Comparative market share analysis, 2018 & 2026
7.3.10. South Korea
7.3.10.1. Market size and forecast, by type, 2016-2026
7.3.10.2. Market size and forecast, by application, 2016-2026
7.3.10.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.10.4. Comparative market share analysis, 2018 & 2026
7.3.11. Rest of the Asia Pacific
7.3.11.1. Market size and forecast, by type, 2016-2026
7.3.11.2. Market size and forecast, by application, 2016-2026
7.3.11.3. Market size and forecast, by nature of chemical, 2016-2026
7.3.11.4. Comparative market share analysis, 2018 & 2026
7.4. LAMEA
7.4.1. Market size and forecast, by type, 2016-2026
7.4.2. Market size and forecast, by application, 2016-2026
7.4.3. Market size and forecast, nature of chemical, 2016-2026
7.4.4. Market size and forecast, by country, 2016-2026
7.4.5. Comparative market share analysis, 2018 & 2026
7.4.6. Brazil
7.4.6.1. Market size and forecast, by type, 2016-2026
7.4.6.2. Market size and forecast, by application, 2016-2026
7.4.6.3. Market size and forecast, by nature of chemical, 2016-2026
7.4.6.4. Comparative market share analysis, 2018 & 2026
7.4.7. Saudi Arabia
7.4.7.1. Market size and forecast, by type, 2016-2026
7.4.7.2. Market size and forecast, by application, 2016-2026
7.4.7.3. Market size and forecast, by nature of chemical, 2016-2026
7.4.7.4. Comparative market share analysis, 2018 & 2026
7.4.8. South Africa
7.4.8.1. Market size and forecast, by type, 2016-2026
7.4.8.2. Market size and forecast, by application, 2016-2026
7.4.8.3. Market size and forecast, by nature of chemical, 2016-2026
7.4.8.4. Comparative market share analysis, 2018 & 2026
7.4.9. Rest of LAMEA
7.4.9.1. Market size and forecast, by type, 2016-2026
7.4.9.2. Market size and forecast, by application, 2016-2026
7.4.9.3. Market size and forecast, by nature of chemical, 2016-2026
7.4.9.4. Comparative market share analysis, 2018 & 2026
8. Company profiles
8.1. AAR Corporation
8.1.1. Business overview
8.1.2. Financial performance
8.1.3. Product portfolio
8.1.4. Recent strategic moves & developments
8.1.5. SWOT analysis
8.2. Air France Industries and KLM Engineering & Maintenance
8.2.1. Business overview
8.2.2. Financial performance
8.2.3. Product portfolio
8.2.4. Recent strategic moves & developments
8.2.5. SWOT analysis
8.3. Airbus SAS
8.3.1. Business overview
8.3.2. Financial performance
8.3.3. Product portfolio
8.3.4. Recent strategic moves & developments
8.3.5. SWOT analysis
8.4. Boeing Company
8.4.1. Business overview
8.4.2. Financial performance
8.4.3. Product portfolio
8.4.4. Recent strategic moves & developments
8.4.5. SWOT analysis
8.5. Bombardier Inc.
8.5.1. Business overview
8.5.2. Financial performance
8.5.3. Product portfolio
8.5.4. Recent strategic moves & developments
8.5.5. SWOT analysis
8.6. Delta TechOps
8.6.1. Business overview
8.6.2. Financial performance
8.6.3. Product portfolio
8.6.4. Recent strategic moves & developments
8.6.5. SWOT analysis
8.7. Embraer S.A.
8.7.1. Business overview
8.7.2. Financial performance
8.7.3. Product portfolio
8.7.4. Recent strategic moves & developments
8.7.5. SWOT analysis
8.8. GE Aviation
8.8.1. Business overview
8.8.2. Financial performance
8.8.3. Product portfolio
8.8.4. Recent strategic moves & developments
8.8.5. SWOT analysis
8.9. Nexeo Solutions
8.9.1. Business overview
8.9.2. Financial performance
8.9.3. Product portfolio
8.9.4. Recent strategic moves & developments
8.9.5. SWOT analysis
8.10. Henkel AG & Co. KGaA
8.10.1. Business overview
8.10.2. Financial performance
8.10.3. Product portfolio
8.10.4. Recent strategic moves & developments
8.10.5. SWOT analysis
8.11. Exxon Mobil Corporation
8.11.1. Business overview
8.11.2. Financial performance
8.11.3. Product portfolio
8.11.4. Recent strategic moves & developments
8.11.5. SWOT analysis
8.12. Eastman Chemical Company
8.12.1. Business overview
8.12.2. Financial performance
8.12.3. Product portfolio
8.12.4. Recent strategic moves & developments
8.12.5. SWOT analysis
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