Market Segmentation
The global aerospace maintenance
chemicals market has been segmented by nature, product, application, aircraft,
and region. On the basis of nature, the market has been segmented into organic
and inorganic. Organic aerospace maintenance chemicals have fewer volatile
organic compounds (VOC), which is expected to result in the growing demand for
the product in line with the increasing stringency of environmental regulations
to reduce carbon emissions.
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Based on the product, the market
has been segmented into aircraft cleaning chemicals, aircraft leather cleaners,
aviation paint removers, aviation paint strippers, specialty solvents,
degreasers, aircraft wash and polishes, aluminum brighteners, and others. The
aircraft cleaning chemicals segment accounted for the largest market share in
2017 due to its extensive use in maintaining the overall operational efficiency
of aircraft.
Based on application, the market
has been segmented into aircraft parts and MRO (maintenance, repair, and
overhaul). Product application in MRO is growing as a result of increasing air
traffic with the rising number of trips completed in a day.
Based on aircraft, the market has
been segmented into commercial, business, general, military, helicopter,
spacecraft, and others. The commercial segment accounted for the largest market
share due to the increasing demand for aircraft globally, which in turn is
expected to drive the market growth.
Competitive Analysis
Some of the prominent players in
the global aerospace maintenance chemicals market are Exxon Mobil Corporation
(U.S.), Royal Dutch Shell (Netherlands), Aerochemicals (France), 3M (U.S.),
Arrow Solutions (U.K.), Callington Haven Pty Ltd. (Australia), Florida Chemical
Supply, Inc. (U.S.), KLX Inc. (U.S.), Hansair Logistics Inc.
(U.S.), Aviation Chemical Solutions (U.S.), Eastman Chemical Company (U.S.),
Henkel AG & Co., KGaA (Germany), Nexeo Solutions (U.S.), and Krayden,
Inc.(U.S.).
Regional Analysis
Based on region, the aerospace
maintenance chemicals market has been segregated into North America,
Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America led the aerospace
maintenance chemicals market in 2017; the North American market is likely to
witness significant growth during the review period due to the rapidly growing
aerospace and defense industry in the region. Increasing investments in the
defense industry over the past two years is also propelling market growth.
Europe is another prominent
market due to the burgeoning aerospace industry especially in the U.K., France,
and Germany. Furthermore, increasing R&D investments in the aviation
industry are stimulating market growth.
Asia-Pacific is the
fastest-growing market for aerospace maintenance chemicals due to the rising
demand for aircraft with increasing air traffic in the emerging economies in
the region. Moreover, increasing investments in the defense sector are driving
market growth.
The markets in Latin America and
the Middle East & Africa are likely to witness moderate growth during the
review period as a result of the growing aviation industries coupled with
rising per capita income in the regions.
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