Rising Incomes in Tandem with Attractive Air Travel Offers Remain Significant For Aircraft Cleaning Chemical Market Growth

Posted on 2019-03-19 by Mark Hub in Chemicals // 0 Comments

Rockville, USA, 2019-Mar-19 — /EPR Network/ — The augmenting aviation sector, coupled with a considerably high number of individuals opting for air travel has been adding transaction to aircraft cleaning chemical market. The International Air Transport Association estimations indicated a 7.6% increase in the global passenger traffic in 2017 – which is more than average annual growth witnessed in the last decade. This is leading to expansion in aircraft fleet size, thereby, increasing the demand for aircraft cleaning chemicals. Fact.MR study foresees robust demand for aircraft cleaning chemicals especially from the defense industry.

“Aircraft cleaning chemicals market is estimated to witness a restrained growth rate of merely 4.3%, with the demand in volumes expected to surpass 78,500 tons by 2028 end. The market is envisaged to grow on the account of constant demand from airline companies and their shifting strategies to offer a cleaner travel experience to passengers”- finds Fact.MR report.

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Paradigm Shift Towards Green Cleaning Solutions Prompting Manufactures to Refurbish Processes to Expand Foothold

Global aircraft cleaning chemicals market is envisaged to remain highly fragmented, with mid-sized players and small scale manufacturers and distributors holding a large part of the market share, while leading market players accounting for a minority share. With the shift in the consumer preference for green chemicals, manufacturers have turned to high-tech non-toxic cleaning solutions, which comply with the global quality standards. Global stringent environmental regulations has further propelled manufactures to offer biodegradable, non-toxic, green and long lasting chemicals, including bio based and water based chemicals to gain a competitive edge over the other counterparts.

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North America Leads in Sales, While Manufacturers Tap on Lucrative Middle East and SEAP

On the verge of losing a hefty share to the Chinese aircraft cleaning chemical market, North America still manages to dominate global aircraft cleaning market. Whereas, in recent past, the growing tourist destinations in SEAP has considerably increased the number of tourists in ASEAN countries, with the trend expected to grow in the forthcoming years. In order to offer better travelling services to tourists, companies are focused on introducing better travelling services through expansion and revamp of their old infrastructure. Also, constant government initiatives to develop new airports are creating substantial opportunities for aircraft cleaning chemical manufacturers.

Some of the leading manufacturers mentioned in the Fact.MR study on the global aircraft cleaning chemical market, include Velocity Chemicals Ltd., Frasers Aerospace, Callington Haven Pty Ltd., Aero-Sense, Chempace Corporation, NUVITE Chemical Compounds, Chemco Industries, Inc., Sil-Mid Limited, Socomore, W.W. Grainger, Chemetall GmbH, Wesco Aircraft Hardware Corp., PPG Industries, Inc., Mcgean-Rohco Inc., Rx Marine International, Arrow Solutions, Roovel Solutions Pvt. Ltd., Illinois Tool Works Inc., Alglas UK, and Ecosterile Environmental Technologies Pvt. Ltd.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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