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A&D Chemical Distribution Market to cross USD 5 Bn by 2025: Global Market Insights, Inc.

Author : Ravi Chawat | Published Date : 2020-10-13 

The A&D chemical distribution market revenue is poised to exceed a valuation of over $5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Rising aircraft maintenance, repair, and overhaul (MRO) activities would boost the growth in the market.

Air travel demand have been growing exponentially over the past decade, especially in the emerging economies, owing to growing population and rise in middle-class income in India and China. This trend will enhance the aircraft demand in the near future. Such rise in the passenger aircraft demand will further boost the aerospace & defense chemical distribution market in the coming years.

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Based on products, the aerospace & defense chemical distribution market is segmented into adhesives & sealants, paints & coatings, oils & hydraulic fluids, lubricants & greases and cleaners & solvents. The demand for cleaners & solvents in the aerospace industry is likely to be very high due to its frequent usage. Adhesives & sealants would attain a market share of about 15% owing to its major usage in aircraft manufacturing process. Adhesives used in the aviation industry includes epoxy based, structural acrylics, water based, and solvent based. Epoxy based adhesives are majorly used to impart weight reduction and strength to the aircraft, whereas acrylic based are used for bonding electric motors to magnets.

Various application segments in the A&D chemical distribution market are airframe, system, engine and interiors. System segment attained a considerable share due to rising demand for lubricants and hydraulic fluids. System includes bleed system, flight controls, landing gear, hydraulics, cooling system, etc.

https://www.gminsights.com/industry-analysis/aerospace-defense-chemical-distribution-market

Aerospace chemicals distribution takes place through different channels. They are distributed either directly by manufacturers, independent distributors, or through brokers. The demand for the product depends both on the demand for new aircraft and on the demand for maintenance & repair during the life cycle of an aircraft. This encompasses original equipment manufacturers (OEMs) and aftermarket.

Defense segment in A&D chemical distribution market generated a revenue of about USD 800 million in 2016. This segment includes combat and non-combat aircrafts. This segment will have considerable product demand in the upcoming years due to growing investment in the defense sector by the major economies.

After Asia Pacific, Europe is another important regional market owing to the size of its aerospace industry. Extensive use of the product in manufacturing & maintenance of aircrafts is projected to drive aerospace & defense chemical distribution market in the coming years. France attained a significant share in Europe region due to its flourishing aircraft production. Rising demand for air travel in EU countries will further boost the demand for the market over the study period.

Browse Related Reports:

https://www.gminsights.com/industry-analysis/metal-bonding-adhesives-market

https://www.gminsights.com/industry-analysis/chemical-distribution-market

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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