Aircraft Cleaning Chemicals Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027 Market

Aircraft Cleaning Chemicals Market Analysis :

Aircraft cleaning chemicals are mainly used to clean the exterior and interior of aircraft. These chemicals include specialty solvents, degreasers, paint strippers, aircraft wash, polish, and other such products. They are manufactured and sold exclusively to clean aircraft, for example, Boeing 777, Airbus A380, helicopters, and fighter jets. It is important to keep an aircraft clean to ensure the safety of passengers and crew. Accumulation of chemicals, dirt, and other oxidants in the insides and outsides of an aircraft can harm essential parts. Aircraft cleaning chemicals clean hard-to-reach areas and also provide custom products according to the requirement of aircraft. Moreover, proper cleaning of the aircraft also helps increase its life span. Rapid expansion in the aviation industry coupled with increased number of air travelers is expected to propel the demand for aircraft cleaning chemicals over the forecast period.

COVID–19 scenario analysis

The coronavirus outbreak has adversely affected the travel & tourism industry as governments have imposed travel ban across countries. This has led to the decrease in demand for the flight travel, which has resulted in various companies to halt their flight production. The stay home policy has made people to reduce flight travel. Moreover, supply chain disruption and import & export activities are also suspended due the outbreak. These factors are expected to reduce the demand for aircraft cleaning chemicals over the forecast period.

Market scenario analysis

The number of air passengers is expected to grow significantly over the forecast period. This increase in global demand creates new challenges for governments to provide appropriate infrastructure, technology, and services to meet this growth. Furthermore, increase in affordability and per capita income is expected to boost the development and drive the requirement for more aircraft. Therefore, this increases the demand for aircraft cleaning chemicals. The ever-expanding aviation industry and highly competitive environment force airline companies to enhance their MRO (maintenance, repair, and overhaul) systems. Moreover, growth in the tourism industry, international travel, and competitive pricing of air fares have increased the production of aircraft, which is further expected to boost the demand for aircraft cleaning chemicals over the forecast period.

Market trends

Appropriate use of chemicals to clean the aircraft increases the efficiency and lifespan of the aircraft. Aircraft cleaning chemicals are divided into organic and inorganic. Moreover, aircraft cleaning chemicals are VOC free. They replace perfluorocarbons, chlorofluorocarbons, and other HCFCs with hydro-chlorofluorocarbon based solvents. These factors are expected to fuel the demand for the product over the forecast period.

Interior based cleaning chemicals are expected to grow significantly than the exterior-based chemicals. Consumption of interior aircraft cleaning chemicals, such as glass cleaners, in-flight wipes, air fresheners, and lavatory cleaners, is expected to be more compared to the exterior.

Regional insights

North America dominated the overall aircraft cleaning chemicals market and is expected to continue its dominance over the forecast period. The rise in number of air passengers and development in the airline industry are the main factors that affect the market growth in the region. Asia-Pacific is also expected to witness significant growth due to rise in number of upper middle-class composition in air travel in developing counties such as China and India.

Key benefits of the report:

• This study presents the analytical depiction of the aircraft cleaning chemicals industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aircraft cleaning chemicals market share.
• The current market is quantitatively analyzed to highlight the aircraft cleaning chemicals market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aircraft cleaning chemicals market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Aircraft Cleaning Chemicals Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027 Report Highlights