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Report Predicts Aerospace Maintenance Chemicals Market in North America May Reach USD 2.6 Billion By 2024

Author : Ronak Bora | Published Date : 2019-05-30 

The U.S. is dominating the aerospace maintenance chemicals market share owing to the massive expansion of the aerospace industry, positively enhancing the overall business growth. North America is expected to surpass USD 2.6 billion by 2024. Increasing maintenance, repairs, & operations activities at competitive prices along with the presence of several maintenance centers will drive the regional demand.

Significant growth in global air traffic in conjunction with strict regulations pertaining to regular aircraft inspection is likely to drive industry growth during the forecast period. Rising MRO activities in developing economies owing to availability of low-cost labor will further enhance aerospace maintenance chemicals market share over the forecast timeline.

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Improving living standards and decreasing air fare in emerging nations have boosted the travel and tourism industry. This has resulted into increased flight iterations, aircraft deliveries, and repair requirements. In addition, continuously increasing aircraft production to meet previous backlogs will fuel aerospace maintenance chemicals market. However, factors such as product inventory management may restrict industry growth.

Commercial aircrafts dominated the aerospace maintenance chemicals industry and accounted for over 35% of total revenue in 2017. This dominance can be credited to prevention of corrosion on exterior and interior surfaces. High overhaul requirements owing to strict regulations regarding passenger security across the globe has resulted in high revenue generation.


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Organic segment is leading the aerospace maintenance chemicals market with around 69% revenue share in 2017. Operational efficiency along with cost effectiveness are major factors driving the industry growth. High preference towards product viscosity owing to labor friendly maintenance will further escalate the product penetration.

 Shifting manufacturers preference due to easy compatibility with various equipment offering superior performance & fast operations will drive the inorganic materials growth rate. Competitive product pricing coupled with better availability for customized orders will boost aerospace maintenance chemicals market over the forecast timeframe.

Arrow Solutions, Eastman, Shell, and The Dow Chemical Company are the major participants in the aerospace maintenance chemicals market. Other notable participants include 3M, Henkel, KLX Inc., and Wesco aircraft. Industry participants are engaged in strategic partnerships to enhance their industry share. For instance, in October 2017, Arrow Solutions announced strengthening of its partnership with distributors in Norway to improve product availability and enhance industry share.

Commercial aircraft segment dominated the aerospace maintenance chemicals market accounting for over 35% of the overall revenue share in 2017. This can be attributed to the increasing requirement for maintenance owing to strict regulations concerning passenger security. Growth in public spending for travelling will strengthen the product adoption rate. OEMs are working on superior-grade products to meet the technical specifications, faster operations, and prevent corrosion on the interior and exterior surfaces.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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