The global aerospace maintenance chemical market is forecast to grow at a CAGR of 1.1% from 2016 to 2021. The major growth drivers of this market are increasing aircraft fleet, increase in flight frequency, and need for maintenance chemicals during various maintenance checks. It is expected that with increase in passenger traffic, air travel is increasing which creates positive growth during the forecast period.
On the basis of its comprehensive research, Lucintel forecasts that the turbine oil is expected to remain the largest segment by product type because it is used in most of the aircraft that are turbine-powered.
A total of 63 figures / charts and 43 tables are provided in this 148-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of aerospace maintenance chemical report, download the report brochure.
The study includes aerospace maintenance chemical market size and forecast of aerospace maintenance chemical market through 2021, segmented by product type, region, lubricant market by product type and lubricant market by aircraft type as follows:
Aerospace maintenance chemical market by product type (Value $ Million from 2010 to 2021)
Deicing/Anti-icing Lubricant Cleaning Agent
Aerospace maintenance chemical market by region (Value $ Million from 2010 to 2021)
North America Europe Asia Pacific Rest of World
Aerospace maintenance lubricant market: by product type (Value $ Million from 2010 to 2021)
Turbine Oils Piston Engine Oils Hydraulic Fluids Grease
Aerospace maintenance chemical lubricant market: by aircraft type (Value $ Million from 2010 to 2021)
Commercial & Regional aircraft General aviation Helicopter Military aircraft
Aerospace maintenance chemical companies profiled in this market report include Shell, ExxonMobil, Eastman, Dow Chemical and Total are among the major suppliers of aerospace maintenance chemical. Some companies are backward integrated, i.e. lubricant manufacturers extract crude oils themselves.
Lucintel predicts that aerospace maintenance chemical demand for cleaning agent segment is likely to experience the highest growth in the forecast period due to regular and mandatory maintenance checks and cleaning requirements. On the basis of its comprehensive research, Lucintel forecasts that the lubricant segment is expected to be the largest market due to its various properties that improves the efficiency of various aircraft components. In this market, deicing/anti-icing fluids, lubricant and cleaning agent maintenance chemicals are used in the aircraft.
Within the lubricant segment, hydraulic fluid segment in the aerospace lubricant market is expected to experience the highest growth during the forecast period. It is used in all the types of aircraft, turbine powered or piston aircraft.
Commercial and regional aircraft is expected to remain the largest market for lubricants. Commercial aircraft consume more lubricants than any other type of aircraft; these are turbine powered aircraft that will result in high consumption of turbine oil.
North America is expected to remain the largest region during the forecast period; it covers the largest aircraft fleet globally along with large number of airlines in the world. Maintenance chemical usage is directly proportional to aircraft fleet size, and an increase in aircraft flights is a growth factor for this market. These regions with cold climatic conditions will always be major consumers of the deicing/anti-icing products.
APAC and ROW are expected to grow with highest CAGR during the forecast period due to growth in aircraft fleet in APAC and ROW region. Increase in passenger traffic, rapid expansion of low-cost carriers and domestic airlines, and growth of long-haul and short-haul markets lead to increased demand for more aircraft
Some of the features of “Growth Opportunities in the Global Aerospace Maintenance Chemical Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Aerospace maintenance chemical market size estimation in value ($M) shipment.Trend and forecast analysis: Aerospace maintenance chemical market trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Aerospace maintenance chemical market size by various product types such as deicing/ anti icing, cleaning agent, and lubricant in terms of value shipment.Regional analysis: Aerospace maintenance chemical market breakdown by key regions such as North America, Europe, Asia Pacific and Rest of World.Growth opportunities: Analysis on growth opportunities in different applications and regions of aerospace maintenance chemical market.Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of aerospace maintenance chemical suppliers.Emerging applications: Emerging applications of aerospace maintenance chemical market in various markets. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 10 key questions:
Q.1. What are some of the potential, high-growth opportunities for aerospace maintenance chemical market, by aircraft type, application and region?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the aerospace maintenance chemical market?
Q.5. What are the business risks and threats of this market?
Q.6. What are some changing demands of customers in the market?
Q.7. What are the new developments in the market? Which aerospace maintenance chemical companies are leading these developments?
Q.8. Who are the major aerospace maintenance chemical suppliers? What strategic initiatives are being implemented by key players for business growth?
Q.9. How is the competitive rivalry and threat of substitution in aerospace maintenance chemical market?
Q.10.What are M&A activities by the major by aerospace maintenance chemical companies in the last 5 years? What reasons to these activities and how have they impacted the industry?