The aircraft cleaning chemicals market share is expected to increase by USD 546.16 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.7%.
This aircraft cleaning chemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft cleaning chemicals market segmentations by application (commercial aircraft and military aircraft) and geography (APAC, NorthAmerica, Europe, MEA, and South America). The aircraft cleaning chemicals market report also offers information on several market vendors, including Aero-Sense, Arrow Solutions, BASF SE, Callington Haven Pty. Ltd., Celeste Industries Corp., DASIC International Ltd., Envirofluid Pty. Ltd., Henkel AG & Co. KGaA, McGean-Rohco Inc., and Ryzolin BV among others.
What will the Aircraft Cleaning Chemicals Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Aircraft Cleaning Chemicals Market Size for the Forecast Period and Other Important Statistics
Aircraft Cleaning Chemicals Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing focus on ensuring maximum availability of aircraft is notably driving the aircraft cleaning chemicals market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft cleaning chemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aircraft Cleaning Chemicals Market Driver
The increasing need to ensure the availability of aircraft is notably driving the aircraft cleaning chemicals market growth. Regular cleaning of aircraft is essential to reduce the corrosion of aircraft parts. During the flight operation, grease, dirt, grime, and oil get settled on the aircraft or exterior parts of the aircraft. Such depositions can lead to the corrosion of the aircraft, which can increase the overall maintenance cost of an aircraft. Therefore, ensuring timely cleaning of aircraft exterior frames and components can not only ensure the maximum availability of the aircraft for airline operators but also reduce the overall operational expenditure (OPEX) for airline companies. The other benefit of cleaning aircraft frames is ensuring maximum safety of the crew and passengers on board an aircraft. The cleaning of the windshield helps the pilot to see through the windows clearly and protects against slippage when disembarking on exhaust fouling or oil surface. The use of aircraft cleaning chemicals helps in protecting the airframe from corrosion and ensuring the maximum availability of the aircraft.
Key Aircraft Cleaning Chemicals Market Trend
An increasing focus on dry wash is the key trend driving the aircraft cleaning chemicals market growth. The rising number of air passengers and the increasing procurement of new aircraft have put significant pressure on airline authorities to conserve water during the cleaning process. Traditionally, aircraft are cleaned using highly pressurized water. However, this technique, on average, requires more than 9,500 liters of water to clean a Boeing 777 aircraft and 11,300 liters of water to clean one Airbus A380 aircraft. Therefore, to reduce water consumption, most airline companies and vendors are focusing on developing dry wash techniques. A dry wash requires little or no water during the cleaning process, which saves thousands of liters of water per wash. Similarly, vendors are focusing on developing products that are suitable for a dry wash. For instance, in August 2017, Nuvite Chemical Compounds launched NPC/3 dry wash that has similar qualities as NUPOWER II dry wash, with added benefits such as minimal dust and low odor. Such benefits are expected to increase the adoption of chemicals for a dry wash in the aviation industry during the forecast period.
Key Aircraft Cleaning Chemicals Market Challenge
The major challenge impeding the aircraft cleaning chemicals market growth is the volatility in the prices of the raw material. A decline in crude oil prices in recent years has prompted players in the oil and gas industry to implement cost-cutting measures, such as workforce layoffs and rig idling. According to the US Energy Information Administration, the price of Brent crude oil declined from $98.97 per barrel in 2014 to $52.32 per barrel in 2015, which witnessed a reduction in drilling activities outside the US by 6.8% in 2014. In the same year, global offshore drilling activities declined by 8.8%. However, there was a sharp rise in crude oil prices in 2017 and 2018, with Brent crude oil reaching $71.06 per barrel in 2018. Such strong fluctuations in crude oil prices are caused by a systemic demand-supply imbalance in the global crude oil market. Fluctuations in raw material prices bring unpredictability in the market, affect production costs adversely, and reduce the profit margins of vendors. Therefore, volatility in crude oil prices is expected to have a negative impact on the global aircraft cleaning chemicals market during the forecast period.
This aircraft cleaning chemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global aircraft cleaning chemicals market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft cleaning chemicals market during the forecast period.
Who are the Major Aircraft Cleaning Chemicals Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aero-Sense
- Arrow Solutions
- BASF SE
- Callington Haven Pty. Ltd.
- Celeste Industries Corp.
- DASIC International Ltd.
- Envirofluid Pty. Ltd.
- Henkel AG & Co. KGaA
- McGean-Rohco Inc.
- Ryzolin BV
This statistical study of the aircraft cleaning chemicals market encompasses successful business strategies deployed by the key vendors. The aircraft cleaning chemicals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- BASF SE - The company offers a range of products including high-performance cleaner, pre-treatment, paint stripper, corrosion protection, and non-destructive testing (NDT) technologies through its subsidiary Chemetal and brand Ardrox.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The aircraft cleaning chemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Aircraft Cleaning Chemicals Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the aircraft cleaning chemicals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Aircraft Cleaning Chemicals Market?
For more insights on the market share of various regions Request for a FREE sample now!
37% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the aircraft cleaning chemicals market in APAC.
A steady increase in passenger traffic in APAC will facilitate the aircraft cleaning chemicals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic affected the aviation sector in the region. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under partial or full lockdown in 2020. Some countries such as Bangladesh, China, Bhutan, Hong Kong, India, Indonesia, Japan, Myanmar, Nepal, Pakistan, South Korea, Sri Lanka, Taiwan, Vietnam, and Australia have imposed either partial or full flight travel restrictions. However, since May 2020, few countries in the region, such as China, India, South Korea, and Japan, had re-opened domestic air travel. Airlines are sanitizing the plane cabins, switching linens, and wiping the surfaces with disinfectants between each flight to maintain the hygiene within the aircraft and prevent the spread of COVID-19. Therefore, the resumption of airline operations in the region increased the demand for sanitizers and disinfectants, which has propelled the market's growth in APAC
What are the Revenue-generating Application Segments in the Aircraft Cleaning Chemicals Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The aircraft cleaning chemicals market share growth by the commercial aircraft segment will be significant during the forecast period. Rising disposal incomes and growing global tourism are expected to increase the demand for new commercial aircraft and subsequently increase the demand for aircraft cleaning chemicals during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft cleaning chemicals market size and actionable market insights on post COVID-19 impact on each segment.
|
Aircraft Cleaning Chemicals Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3.7% |
|
Market growth 2021-2025 |
$ 546.16 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.00 |
|
Regional analysis |
APAC, NorthAmerica, Europe, MEA, and South America |
|
Performing market contribution |
APAC at 37% |
|
Key consumer countries |
US, China, UK, Germany, and India |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Aero-Sense, Arrow Solutions, BASF SE, Callington Haven Pty. Ltd., Celeste Industries Corp., DASIC International Ltd., Envirofluid Pty. Ltd., Henkel AG & Co. KGaA, McGean-Rohco Inc., and Ryzolin BV |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Aircraft Cleaning Chemicals Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aircraft cleaning chemicals market growth during the next five years
- Precise estimation of the aircraft cleaning chemicals market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft cleaning chemicals industry across APAC, NorthAmerica, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft cleaning chemicals market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch