Aviation Chemicals Market Analysis and Review by Product Type (Paints & Coatings, Adhesives & Sealants, Lubricants & Coolants, Deicing & Anti-icing fluids, Cleaning Chemicals)
Industry: Chemicals and Materials
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 312
Report ID: PMRREP12145
By the end of 2023, global sales of aviation chemicals are anticipated to reach over US$ 6,112.3 Mn, according to recently released data. Between 2023 and 2033, the demand for aviation chemicals is anticipated to grow at a rate of roughly 5.8%.
| Attributes | Key Insights |
|---|---|
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Aviation Chemicals Market Value (2022A) |
US$ 5,739.9 Mn |
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Aviation Chemicals Market Estimation (2023E) |
US$ 6,112.3 Mn |
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Aviation Chemicals Market Forecast (2033F) |
US$ 10,741.4 Mn |
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Value CAGR (2023-2033) |
5.8% |
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Collective Value Share: Top 3 Countries (2022A) |
31.4% |
According to Persistence Market Research, global Aviation Chemicals consumption is expected to reach US$ 10,741.4 Mn by the end of 2033. North America & Europe both collectively are both expected to hold more than 50% share for the year 2022.
Aviation chemicals are those chemicals used during the manufacturing of an aircraft or space rockets and the maintenance and repair of the aircraft. The chemicals used in this market include paints and coatings, lubricants and coolants, Adhesives & Sealants, Cleaning Chemicals, and many others. These chemicals are used in commercial aircraft and also in military aircraft. The market has witnessed a growth rate of about 0.5% between 2017 and 2022.
In the year 2020, the market witnessed a downfall due to the strict lockdowns imposed across the globe. Travel was completely banned and that resulted in the downfall of the aviation chemicals market. The market had a negative impact on the market.
During the forecast, the period market is expected to witness healthier growth & expand at a CAGR of 5.8%. The market is estimated to recover to the pre-pandemic level by 2023 or 2024. The aviation chemicals market is predicted to foresee healthier year-over-year growth, especially in East Asia and South Asia Pacific, owing to increasing demand from the aviation sector in both OEM as well as maintenance and repair.
The service life of current-generation commercial aviation coatings is three to five years. A commercial jet needs to be repainted every four to five years, according to The Commonwealth Scientific and Industrial Research Organization (CISRO), because of the influence of the outside environment.
Similarly to this, the demand for all aviation chemicals is rising as more and more aircraft need to be repaired and maintained. In an airplane, cleaning agents are routinely ingested since cleaning is done frequently, with a focus on post-pandemic cleaning. The use of aviation chemicals for maintenance and repair is also influenced by how many miles an aircraft has flown, with higher mileage aircraft needing top-notch services.
Growing air passenger traffic has increased the number of new aircraft delivered, while the longer lifespan of older generation aircraft has increased the fleet size. In the upcoming years, it is projected that as the number of operational aircraft increases, so will the demand for aviation chemicals.
Accordingly, it is anticipated that during the projected period, the aftermarket sales of aviation chemicals for Maintenance, Repair, and Overhaul (MRO) reasons would expand significantly, providing the manufacturer of aviation chemicals with considerable prospects.
The regulatory authorities' strict laws prohibiting the production and use of synthetic chemicals are likely to limit the growth of the aviation chemicals market to some extent. Therefore, the aviation chemicals sector may be impacted over the projection period due to the manufacturers' strict adherence to numerous requirements when producing their products. These chemicals are produced, transported, and used in ways that generate risks that have significant negative effects on both individuals and the environment.
REACH laws in Europe, the Environmental Protection Agency (EPA), OSHA (Occupation Safety Hazard Administration), and others have established strict rules for aviation chemicals with regard to exposure, handling, and shipping of the products. Chemicals used in aviation can be quite dangerous to the environment and people's health. Animals' neurological systems, respiratory systems, eyes, and skin can all be negatively impacted by exposure to high concentrations of these substances in the air. All of these elements are anticipated to have some effect on the market expansion.
According to the statistics provided by the International Air Transport Association (IATA), the number of passengers commuting by air all over the globe has increased to 4.7 billion at the beginning of 2020 from 4 billion in 2017. According to a report published by the IATA, the number of air passengers is projected to reach 8.4 billion by 2040.
Underpinned by an increase in disposable income and rapid growth in the upper-middle-class population, commercial air passenger traffic is anticipated to witness robust growth during the upcoming decade. Going forward, rising per capita income, increasing affordability and propensity, and a significant reduction in travel time to travel are some of the factors set to continue to propel traffic growth and drive the need for more aircraft.
Further, factors such as growth in the tourism sector, particularly the increase in international traveling, the competitive fare for air travel, and improving amenities provided during the journey, are significantly contributing to the growth of consumers to commute by airplane. This has resulted in deploying of new aircraft by the manufacturers.
Consequently, this growth in air travel is expected to directly influence airline carriers to deploy new aircraft, which in turn, will create demand for aviation chemicals during the forecast period.
What is the Consumption Outlook of Aviation Chemicals in the U.S.?
It is anticipated that the United States will continue to be one of the most significant and influential markets for the production and consumption of aviation chemicals. The rise of the U.S. market is probably aided by major manufacturers' noticeable presence in the country. The country's substantial fleet size has made it a lucrative market for suppliers of aviation chemicals, via both OEM and MRO channels. The country's air force and space exploration industries have both made significant contributions to the growth of the aviation chemicals market. Hence, the U.S. market is expected to hold more than 23% share of the global market for the year 2022.
The country’s weather conditions demand regular maintenance for the smooth working of the aircraft. Hence, deicing & anti-icing chemicals are necessarily used at regular intervals. The demand in the aerospace and aircraft industry for antifreeze/coolants has been growing predominantly over the last few years. Antifreeze/Coolants due to their characteristic properties such as freeze point depression are extensively used for deicing aircraft and runways as it decreases the freezing point of the fluids present in an aircraft. This is used to reduce the formation of ice in an aircraft's exterior portion and engine.
The stringent necessities to protect from corrosion of an aircraft surface and the necessity to achieve a low flash point, allow the use of glycols such as ethylene glycol and propylene glycol as aircraft deicing fluids significantly. This rising demand is further expected to propel the industry growth and augment the overall antifreeze/coolants demand in the aviation industry over the forecast period.
Why Does China Account for a significant share of the Aviation Chemicals market?
The Chinese Aviation Chemicals market is expected to grow by 6.6% during the forecast period. Growing air passengers in China is boosting the demand for aircraft. Further increasing military expenditure and investing a significant amount in the air force is also benefiting the business of aviation chemicals. Substantial import-export trade by air route has also boosted the presence of aircraft in the country. These factors are enhancing the market.
According to Market Economic Assessment, China is anticipated to become the largest Air Travel Market by 2030. Also, the aviation sector's strong growth and the entry of new players into China will fuel the market's further expansion.
According to the Civil Aviation Administration of China (CAAC), China's civil aviation market is experiencing a strong recovery with government support & sector has shown a V-shaped recovery. All these factors are expected to boost the aviation chemicals market in China.
What Is The Growth Outlook Of Aviation Chemicals in Civil Aviation End Use during The Projected Period?
The civil aviation segment is expected to hold more than 50% value share for the year 2022. Due to the rapidly rising fleet size, the Civil Aviation Industry is expected to remain a prominent end-use segment globally. Increased air passengers are increasing the demand for new aircraft, which is likely to enhance the demand for aviation chemicals.
According to IATA, the number of air passengers is predicted to exceed 8 billion by 2040. This will assist the market for aviation chemicals in both the manufacture of new aircraft and the repair and maintenance of existing ones.
Which Product Type is expected to gain traction in the forecast period in the Aviation Chemicals market?
Lubricants & coolants Product Type is expected to hold around 39% value share for the year 2022. The lubricants and coolants category is expected to be a prominent product type in the global aviation chemicals market. The engine of an aircraft requires constant lubrication and cooling. The growing number of aircraft and longer flight times are predicted to increase lubricant and coolant consumption in the aviation sector in the subsequent years.
Lubricants are substances used to decrease friction between surfaces when they are in mutual contact. Aircraft need proper lubrication for functioning, which reduces corrosion and rust formation in the engine parts. Coolants are used to regulate the temperature of the engine parts of an aircraft.
Key market participants are focused on strategic market expansion by establishing new manufacturing facilities in emerging economies. They are also concentrating on partnerships and cooperation with important aircraft manufacturers to increase the sale of aviation chemicals. Key competitors are also strengthening their distribution networks to meet the growing market's demands and enhance their annual revenue.
Certain prominent players are investing a significant portion of their revenue in research and innovation to expand their product offerings. This would also aid them in sustainable growth by manufacturing an eco-friendly product to follow tough rules imposed by many authorities.
For Instance:
| Attribute | Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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The global Aviation Chemicals market is estimated to be valued at over US$ 5,739.9 Mn as of 2022.
Growing fleet size and increasing production of aircraft are bolstering sales of aviation chemicals.
Consumption of Aviation Chemicals is projected to increase at a 5.8% CAGR between 2023 and 2033.
The market in India is set to expand at a 6.7% CAGR during the coming forecasted period.
