Aviation Chemical Market Size Worth US$ 11,094.6 million by 2034| Fact.MR Report
FACT.MR
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FACT.MR
Fact.MR’s latest report on Aviation Chemical Market provides a detailed analysis of growth drivers, market restraints, and emerging trends. It also offers insights Covering 30+ Countries Including Analysis of US, Canada, Brazil, Mexico, UK, Germany, France, GCC countries, Japan, Korea and many more
Rockville, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The aviation chemical market is expected to grow at a 5.9% CAGR between 2024 and 2034, according to Fact.MR. By 2034, the global market for these products is expected to reach US$ 11,094.6 million. According to Fact MR, the global aviation chemical market is rapidly growing and is expected to continue its growth trajectory in the coming years.
Collaborations between chemical manufacturers, airlines, and aircraft manufacturers can lead to innovations in aviation chemicals. Partnerships may also help in addressing specific industry challenges and developing tailored solutions. The aviation industry's need for high-performance lubricants for various components, including engines and landing gear, may drive the demand for specialty lubricants within the aviation chemical market.
The importance of fire safety in aviation remains a critical factor. Continued research and development in fire-resistant materials and chemicals for aircraft interiors and components can present growth opportunities. Evolving regulations, especially in areas like emissions standards, safety protocols, and chemical usage guidelines, can significantly influence the aviation chemical market. Companies that can adapt to and stay ahead of regulatory changes may find growth opportunities.
The aviation industry's ongoing shift toward lightweight composite materials for aircraft construction creates opportunities for specialized chemicals used in the manufacturing, repair, and maintenance of these materials. The increasing use of Unmanned Aerial Vehicles and drones for various applications, including surveillance, cargo transport, and military operations, can drive the demand for specific aviation chemicals tailored to these platforms.
Report Attribute
Details
Value Projection (2034)
US$ 11,094.6 million
Growth Rate (2024-2034)
5.9% CAGR
No. of pages
170 Pages
No. of Tables
48 Tables
No. of Figures
144 Figures
Key Takeaways from the Market Study
In 2024, the global aviation chemical market is estimated to have a global market size of US$ 6,237.5 million.
The paints and coatings segment is expected to dominate the market, with a market share of 22.7% in 2024.
The military and space exploration category is expected to hold a market share of 42.9% in 2034.
China is predicted to acquire a 56.9% of the global market share in 2024.
North America is expected to account for a CAGR of 6.1% by 2034.
“Ongoing developments in anti-corrosion coatings and technologies for aircraft components can create opportunities for the aviation chemical market. Enhanced corrosion protection is crucial for extending the lifespan of aircraft and ensuring safety,”says a Fact.MR analyst.
Key Companies Profiled in This Report
Eastman Chemical Company
The Sherwin-Williams Company
PPG Industries Inc.
Exxon Mobil Corporation
Axalta Coating Systems Ltd.
Calumet Specialty Products Partners, L.P.
Akzo Nobel N.V.
Henkel AG & Co. KgaA
BASF SE
Royal Dutch Shell plc.
Fuchs Petrolub SE
Competitive Landscape
The aviation chemical market is influenced by a focus on innovation, global presence, and adherence to environmental regulations. Companies emphasize technology advancements, strategic partnerships, and cost competitiveness.
The ability to customize solutions, provide excellent customer support, and stay abreast of market trends, including digitalization and data analytics, are crucial for success in this dynamic industry. Continuous research and adaptation to evolving industry needs are essential for maintaining competitiveness.
Company Portfolio
PPG Industries Inc.: PPG Industries Inc. is a global supplier of paints, coatings, and specialty materials. The company is a major player in the aviation chemical market, providing a comprehensive range of coatings, sealants, and adhesives for the aerospace industry. Their products are utilized in the manufacturing, maintenance, and refurbishment of aircraft. PPG's offerings focus on enhancing aircraft performance, durability, and safety.
Exxon Mobil Corporation: It is a multinational oil and gas company with a diversified range of operations, including chemicals and lubricants. The company’s involvement in the aviation chemical market may be centered around lubricants, hydraulic fluids, and specialty chemicals for aircraft. Their products are likely to contribute to the efficient and reliable operation of aircraft engines and systems.
Fact.MR, in its new offering, presents an unbiased analysis of the global aviation chemical market, presenting historical analysis from 2019 to 2023 and forecast statistics for the period of 2024 to 2034.
The study reveals essential insights based on aviation chemical market analysis by product type (adhesives and sealants, lubricants and coolants, deicing and anti-icing fluids, cleaning chemicals, others), by end use (civil aviation, commercial cargo aviation, military and space exploration, paints and coatings), and by region (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
Aerospace Composites Market: The global aerospace composites were valued at US$ 38.0 billion in 2022 and the market further projects a growth rate of 9.0% to reach a valuation of US$ 98.1 billion by 2033 end.
Adhesives Market: Adhesives market worth is poised to reach US$ 102.6 Billion by 2032.
Aviation Lubricants Market: The global market for aviation lubricants is envisaged to account for US$ 1.6 Billion by 2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape. Contact: US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D) Sales Team: sales@factmr.com Follow Us: LinkedIn | Twitter | Blog
