Aerospace Maintenance Chemicals Market Trends

Global Aerospace Maintenance Chemicals Market Overview

The market was $6,720.4 million in 2021, and is projected to generate revenue of $8,512.9 million by 2030, growing at a CAGR of 3.8% from 2022 to 2030. AMCs (aerospace maintenance chemicals) are chemicals that are used to clean aircraft engines and other components. They are also used to keep aircraft operationally efficient by preventing corrosion and rust from forming on metal parts. AMCs are divided into solvents and lubricants. Solvents are chemicals that dissolve or remove materials like grease, paint, dirt, and dust. Lubricants are substances that reduce friction between moving parts. As the complexity of airframes, systems, and engines grows, so does the need for maintenance and repair, and thus the demand for AMCs.

The global aerospace maintenance chemical market is expected to expand dramatically in the coming years, owing primarily to an increase in the number of air travelers worldwide. Passengers' experiences also play a significant role; as a result, airlines are focusing on providing a cleaner and more sanitary experience to passengers. Rising flight frequencies and continuous contact of cabin interior with passengers degrade aircraft interiors, necessitating frequent cleaning operations. This is further fueling the AMCs market.

Global Aerospace Maintenance Chemicals Market Share, by Aircraft, 2017 (%)

  Regional Analysis

North America accounted for the largest share of the aerospace maintenance chemicals market in 2017 due to the growing aerospace industry in the region. The U.S. is the largest consumer of aerospace maintenance chemicals as a result of increased production of aircraft in the region. According to the Aerospace Industries Association (AIA), the U.S. aerospace & defense industry exports grew by 26% over five years, to reach USD 143 billion in 2017. Moreover, rising investments in military aircraft to strengthen the country’s military prowess is also driving market growth.

Europe is another prominent market for aerospace maintenance chemicals with the presence of key players in the aerospace & defense industry such as Airbus, Thale, and Gifas. Product consumption is increasing in the U.K. as a result of the presence of the largest player in the aerospace industry, ADS Group.

Asia-Pacific is expected to be the fastest-growing aerospace maintenance chemicals market with surging demand for aircraft in developing economies such as India, China, and Thailand. The flourishing tourism industry is further propelling market growth in this region.

There has been considerable growth in the Latin American market with the growing aerospace industry in Brazil and Mexico. Brazil being one of the largest producers of commercial jets in the region is set to drive market growth during the forecast period

The market in the Middle East & Africa is likely to exhibit considerable growth during the review period with the growing aviation industry in the U.A.E., Oman, and Saudi Arabia.

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 segregated into organic and inorganic.

Based on 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.

Based on application, the market has been segmented into aircraft parts and MRO (maintenance, repair, and overhaul).

Based on aircraft, the market has been segregated into commercial, business, general, military, helicopter, spacecraft, and others.

Based on region, the aerospace maintenance chemicals market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Industry/ Innovation/ Related News:

PPG, a global manufacturer of paints, coatings, and specialty materials based in Pittsburg plans to invest $17 million in the construction of an aerospace application support center (ASC) in Toulouse, France. PPG plans to break ground on the new facility in the third quarter of 2022, with operations beginning in the fourth quarter of 2023. The facility will be strategically located near aerospace customers as well as Toulouse Blagnac Airport.

Singapore Technologies Engineering Ltd, a Singapore-based integrated engineering group, sold half of its equity stake in Keystone Holdings Pte. Ltd. to SJ Aviation Capital Pte. Ltd. for an estimated US$10.7 million. ST Aerospace Resources and SJ Aviation Capital will each own 50% of Keystone Holdings, which will develop a portfolio of maintenance chemical products in response to opportunities created by global aircraft fleet expansion and renewal.

Key Players

Some of the key players in the global aerospace maintenance chemicals are 3M (U.S.), Royal Dutch Shell (Netherlands), Aerochemicals (France), Arrow Solutions (England), Aviation Chemical Solutions (U.S.), Callington Haven Pty Ltd. (Australia), Eastman Chemical Company (U.S.), Exxon Mobil Corporation (U.S.), Florida Chemical Supply, Inc. (U.S.), Hansair Logistics Inc. (U.S.), Henkel AG & Co., KGaA (Germany), Nexeo Solutions (U.S.), KLX  Inc. (U.S.), and Krayden, Inc.(U.S.).