The global aerospace maintenance chemical market size was US$ 7.1 billion in 2021. The global aerospace maintenance chemical market is projected to grow to US$ 12.9 billion by 2030, registering a compound annual growth rate (CAGR) of 7.1% during the study period from 2022 to 2030.
Aerospace maintenance chemicals are cleansers that maintain the efficiency of the aircraft and enable smooth operations. These cleansing materials are used as remover, paint strippers, degreasers, and aircraft washers & polishers to make the aircraft corrosion free.
COVID-19 Impact Analysis
The global aerospace maintenance chemical market recorded a sharp drop as travel activities declined. Moreover, the manufacturing activities also stopped to abide by the strict laws of governments, which, in turn, hampered the growth of the global aerospace maintenance chemical market.
Factors Influencing the Market
The demand for airplane maintenance chemicals is on rise as more aircraft surfaces need to be maintained in order to combat the problems related to harsh environmental temperatures or climatic conditions. The frequency of flights also tends to grow as air travel increases as a result of middle-class households' increased discretionary money. As a result, it will stimulate the expansion of the aerospace maintenance chemical market.
Since a few years ago, there has been a supply-demand imbalance in the aviation sector, which has increased aircraft manufacturing and, in turn, MRO activities, providing lucrative potential for the growth of the aerospace maintenance chemical market. Further, growing spending by government bodies to strengthen the defense sector of their respective countries is expected to bring myriad opportunities for the global aerospace maintenance chemical market.
The market will also benefit from the continuously declining cost of air travel services and increasing disposable income of the people. However, stringent government regulations due to the harmful chemicals for airplane maintenance may limit the expansion of the market.
Regional Analysis
Based on region, North America holds tremendous potential in the aerospace maintenance chemical market, owing to the rising air passenger traffic and high government investments in the safety and maintenance of defense aircraft. Further, the high disposable income of the population, combined with the growing travel activities, is projected to bring lucrative growth opportunities for the market during the analysis period. Further, the presence of some of the leading industry giants in the region will contribute to the growth of this regional aerospace maintenance chemical market during the study period.
Competitors in the Market
AAR Corporation
Air France Industries KLM Engineering & maintenance
Airbus Defense and space - Arabia services
Boeing Company
Bombardier Inc
Delta techops
Embraer S.A.,
GE Aviation
Aereo Solutions, LLC
Henkel AG & Co. KGaA
Other Prominent Players
Market Segmentation
The global aerospace maintenance chemical market segmentation focuses on Nature, Product, Type of Aircraft, and Region.
By Nature
Organic
Inorganic
By Product Type
Cleaners
Deicing Fluids
Adhesives
Others
By Type of Aircraft
Commercial
Business
Defense
Others
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America