Aviation Chemicals Market

Global Market Study on Aviation Chemicals: Growing Demand for MRO Services Augmenting Market Expansion

Aviation Chemicals Market Segmented By Product Type such as Paints & Coatings, Adhesives & Sealants, Lubricants & Coolants, De-icing & Anti-icing Fluids, Cleaning Chemicals having channel type such as Original Equipment Manufacturers (OEMs), Maintenance, Repair and Overhaul (MRO)

Market Snapshot

Newly-released data aviation chemicals industry analysis shows that global demand for lubricants & coolants is expected to witness year-on-year (YoY) growth of 12.4% in 2021 to total 834.7 KT. Sales of de-icing and anti-icing fluids is expected to rise 11.6% to 298.4 KT.

As per the research, Persistence Market Research has anticipated that aviation chemical sales across the globe will witness a CAGR of 5.8% during the forecast period of 2021 and 2031. North America is anticipated to remain a key region in the aviation chemicals business and is estimated to progress at a CAGR of 5.5% over the decade.

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Companies

  • 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
  • Compagnie de Saint-Gobain S.A.
  • Zircotec
  • Master Bond Inc.
  • APV Engineered Coatings
  • Hardide Plc
  • DOW
  • Oerlikon Balzers Coating S.A. Brügg
  • Illinois Tool Works Inc.
  • Callington Haven Pty Ltd.
  • Mcgean-Rohco Inc.
  • Arrow Solutions
  • Nuvite Chemical Compounds
  • Rx Marine International
  • Roovel Solutions Pvt. Ltd.
  • Ecosterile Environmental Technologies Pvt. Ltd
  • RPM Technology, LLC
  • Alglas UK
  • DASIC International Ltd & DASIC International Aerospace Ltd.
  • Nihon Tokushu Toryo Co. Ltd.
  • LUBAIR AVIATION TECHNOLOGY CO., LTD.
  • SINOPEC
  • Avi-Oil India [P] Ltd.

Valuable Insights Offered in Aviation Chemicals Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Assessment by Product Type Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Aviation Chemical Sales and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of Aviation Chemicals from 2016 to 2020 Vs Market Outlook for 2021 to 2031

In the aviation chemicals market, paints & coatings segment, lubricants & coolants segment, de-icing & anti-icing fluids segment revenue is expected to total US$ 3.9 Bn in 2021 according to the annual market Analysis conducted by Persistence Market Research.

The aviation industry has witness considerable growth over the past few years. However, the COVID-19 pandemic crisis has impacted the industry to a substantial extent. Overall growth during the period of 2016 and 2020 was around -2.9%, primarily due to significant fall of Y-o-Y growth in 2020.

Strong growth in the production of military as well as commercial aircraft benefited the market for aviation chemicals. Growth in trade by fastest route, i.e., by air cargo medium, has also driven demand for aircraft all over the globe, which boosted market growth.

Significantly growing fleet size, especially in emerging economies, are expected to bolster market expansion over the coming years. Moreover, increasing defense budgets are also enhancing the industry for aviation chemicals owing, to increasing production of military aircraft all over the globe.

aviation-chemicals-market

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What are the Key Opportunities on Offer for Aviation Chemical Manufacturers across the Globe?

Current-generation commercial aviation coatings have a service life of three to five years. According to The Commonwealth Scientific and Industrial Research Organization (CISRO), a commercial plane is recoated every four to five years, owing to impact of external environment.

Likewise, all aviation chemical demand is increasing for repair and maintenance of aircraft. Cleaning chemicals are consumed frequently in an airplane as cleaning is regularly done, with additional emphasis in the post-pandemic scenario. Application of aviation chemicals for maintenance and repair also depends on the number of hours an aircraft has flown, with more frequent traveling planes requiring top-level services.

Growing air passenger traffic has been leading to an increase in the deliveries of new aircraft, and longer life of existing generation aircraft has been leading to an increase in fleet size. With growth in the number of in-service aircraft, demand for aviation chemicals is also anticipated to witness significant growth over the coming years.

This, in turn, is estimated to considerably contribute to the growth of the aftermarket sales of aviation chemicals for maintenance, repair and overhaul (MRO) purposes, which will create significant opportunities aviation chemical manufacturer.

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What are the Restraints that Aviation Chemical Producers are Facing?

Stringent regulations imposed by regulatory authorities against the manufacturing and use of synthetic chemicals are likely to hinder demand growth of aviation chemicals to a certain extent. Stringent adherence to various guidelines followed by manufacturers to produce their products may impact overall market expansion.

Production, transportation, and utilization of these chemicals result in hazard generation that impacts humans as well as the ecology to a considerable extent. The EPA (Environmental Protection Agency) and OSHA (Occupation Safety Hazard Administration), of the U.S. and REACH regulations of Europe have laid down stringent standards for aviation chemicals regarding the exposure, handling, and transportation of these products.

Aviation chemicals can pose a significant risk to human health and to the environment. Exposure to large amounts of these chemicals in the air can have an impact on the nervous system, respiratory effects, and eye and skin damage in animals. All these factors are expected to impact growth of the market to a certain extent.

Will Rise in Demand for Leased Aircraft Create Opportunities for Aviation Chemical Suppliers?

An aircraft is very expensive commodity worth many millions of dollars, and also needs significant spending for its maintenance and repair. Most small airline carriers lease aircraft from key market players to avoid high capital investments and maintenance costs.

Most aircraft in the fleet of regional carriers are leased. Airline carrier companies that lease aircraft generally renovate entire planes before utilizing them. Entire aircraft cabins are also renovated according to the needs of airline carriers and based on customer demand.

More often, the aircraft is coated with various paints and coatings, highlighting an airline carrier’s dedicated livery, symbols, and logos. This is driving growth of the aftermarket sales segment for aerospace coatings.

Further, polishing of the aircraft is done on a regular basis and air strippers are used for the inspection of any cracks or faults in its exterior surface. Moreover, lubricants and coolants are replaced periodically in the engine of the aircraft. All these factors are boosting demand for aviation chemicals across the globe.

Country-wise Analysis

Why is China a Highly Lucrative Market for Aviation Chemicals?

In 2021, aviation chemical demand in China is anticipated to expand 11.1% year-on-year, bucking initial scepticism about how the market would perform during a global pandemic. Across the whole of China, total sales of aviation chemicals are expected to reach US$ 1.57 Bn by 2031.

Growing numbers of air passengers in China is boosting demand for aircraft. Further, increasing military expenditure and investing significant amounts in the air force are also benefiting the business of aviation chemicals.

Substantial import-export trade by air routes has also boosted the presence of aircraft in the country, driving demand for aviation chemicals.

What Makes the U.S. a Demand Hub for Aviation Chemicals?

The U.S. market is anticipated to witness a growth rate of 5.5% during the forecast period. The country is also anticipated to be a prominent market in the business of aviation chemicals due to the presence of several key aircraft and space rocket manufacturers.

Strong presence of key manufacturers of aviation chemicals in the country is also boosting he market stance. Significant fleet size in the country has made it a lucrative market for suppliers of aviation chemicals, through both, OEM as well as MRO channels. Strongly developed air force and space exploration industry in the country has also contributed to the development of the aviation chemicals industry in the U.S.

Category-wise Insights

Which Channel Type Generates Considerable Demand for Aviation Chemicals?

Significant amount of aviation chemicals all over the globe is used in maintenance and repairing of aircraft. The MRO segment is estimated to account for around 80% of overall consumption of aviation chemicals in the South Asia and Pacific region.

Aircraft need regular cleaning, lubrication, coolants, de-icing, and anti-icing when operational. Aircraft also require re-coatings every four to five years. These factors have contributed to the growth of the MRO segment in the business of aviation chemicals.

Which Product has High Commercial Potential in Aviation Chemicals?

Revenue from the lubricants & coolants segment are expected to increase 12.6% year-over-year in 2021. Demand for adhesives & sealants is anticipated to increase 11.3%, giving the combined aviation chemicals sector year-over-year growth of 11.8% in 2021.

The lubricants and coolants segment is estimated to remain one of the key product types in the global industry of aviation chemicals. An aircraft requires regular lubrication and cooling in the engine. Increasing number of aircraft and increasing flight time of are expected to boost consumption of lubricants and coolants in the aviation sector over the coming years.

Why is Demand for Aviation Chemicals Surging in the Civil Aviation Space?

The civil aviation segment is expected to expand at 6.3% CAGR in the Middle East and Africa over the decade. The segment is estimated to remain a key end-use segment across the globe owing to significantly growing fleet size. Increasing air commuters is boosting the need for new aircraft, which is expected to bolster demand for aviation chemicals.

According to IATA, the number of air passengers are expected to reach more than 8 billion by 2040. This will benefit the market for aviation chemicals for both, manufacturing of new aircraft and repairing and maintenance of existing ones.

Has COVID-19 Dented the Sales Prospects of Aviation Chemicals?

Emergence of the COVID-19 pandemic in 2020 has significantly impacted demand growth of aviation chemicals owing to reduction in demand from the aviation industry from both, the OEM and MRO segments.

The production rate of aircraft witnessed a tremendous fall in 2020. Further, restrictions in travelling also has resulted in significant downfall of the aviation sector. Ban on international flights also impacted the industry in a negative way. However, usage of cleaning chemicals has gained renewed focus in the aviation sector and can provide a silver lining for the market.

The aviation chemicals industry is expected to recover to pre-pandemic levels by 2023 or 2024 restrictions on flights ease and passenger air traffic slowly claws back to previous levels.

Competitive Landscape

Key market participants are focusing on strategic expansion of their presence by setting new manufacturing units in emerging economies. They are also focusing on partnerships and collaborations with key aircraft manufacturers to enhance their footprint.

Some key players are investing a fair share of their revenue in research & innovation in order to strengthen their product portfolios. This will also benefit them for sustainable development by developing eco-friendly products to follow stringent regulations laid down by several authorities.

Some of the key developments are:

  • In May 2017, Japan airlines extended its partnership with Exxon Mobil Corporation and acknowledged their partnership of 50 years, making Japan Airlines as one of the top customers of Exxon Mobil.
  • In 2017, 3M invested about 40 million dollar to expand its operations by expanding its production of industrial adhesives and tapes for the aviation sector.
  • In July 2016, PPG Industries synthesized a chrome-free aerospace primer named as Desoprime CF/CA 7521, for surface coating of an aircraft.
  • In July 2019, Blaukaiser Aircraft Industry Department launched Blaukaiser’s Bio Organic Aircraft innovative formulations which they guaranteed to be 100% free from any toxic chemical additives, solvents, and other petroleum compounds.

Similarly, recent developments related to companies manufacturing aviation chemicals have been tracked by the team at Persistence Market Research, which are available in the full report.

Aviation Chemicals Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

  • US$ Mn for Value
  • Kilo Tons for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • South Africa

Key Market Segments Covered

  • Product
  • Channel Type
  • End Use
  • Region

Key Companies Profiled

  • 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
  • Compagnie de Saint-Gobain S.A.
  • Zircotec
  • Master Bond Inc.
  • APV Engineered Coatings
  • Hardide Plc
  • DOW
  • Oerlikon Balzers Coating S.A. Brügg
  • Illinois Tool Works Inc.
  • Callington Haven Pty Ltd.
  • Mcgean-Rohco Inc.
  • Arrow Solutions
  • Nuvite Chemical Compounds
  • Rx Marine International
  • Roovel Solutions Pvt. Ltd.
  • Ecosterile Environmental Technologies Pvt. Ltd.
  • RPM Technology, LLC
  • Alglas UK
  • DASIC International Ltd.
  • Nihon Tokushu Toryo Co. Ltd.
  • LUBAIR AVIATION TECHNOLOGY CO., LTD.
  • SINOPEC
  • Avi-Oil India [P] Ltd.

Pricing

Available upon Request

Key Segments Covered in Aviation Chemicals Industry Research

By Product Type

  • Paints & Coatings
  • Adhesives & Sealants
  • Lubricants & Coolants
  • De-icing & Anti-icing Fluids
  • Cleaning Chemicals
  • Others

By Channel Type

  • Original Equipment Manufacturers (OEMs)
  • Maintenance, Repair and Overhaul (MRO)

By End Use

  • Chemicals for Civil Aviation
  • Chemicals for Commercial Cargo Aviation
  • Chemicals for Military & Space Exploration

Enquiry before Buying

  • Is the market research conducted by Persistence Market Research?

    Yes, the report has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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  • What are the sources of secondary research?

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Media Release

- FAQs -

The global aviation chemicals market is estimated to be valued at over US$ 5.3 Bn at present.
Growing fleet size and increasing production of aircraft are bolstering sales of aviation chemicals.
Consumption of aviation chemicals is projected to increase at 5.5% CAGR and be valued at around US$ 9.4 Bn by 2031.
Expansion, partnerships and collaborations, and investments in R&D by key players are being witnessed in the global market.
Eastman Chemical Company, PPG Industries Inc., Exxon Mobil Corporation, Akzo Nobel N.V., Royal Dutch Shell plc, BASF SE, and Royal Dutch Shell plc are identified as key suppliers of aviation chemicals.
Top 5 market participants are estimated to account for about 27% share in the global market, according to ratings on the basis of market share, market reach, clientele, etc.
China, the U.S., ASEAN, India, and Russia are key demand centres across the globe for aviation chemicals.
China, the U.S., ASEAN are key producers and exporters of aviation chemicals all over the globe.
The aviation chemicals business in India is projected to witness a growth rate of 6.7% over the decade.
The global aviation chemicals market is estimated to be valued at over US$ 5.3 Bn at present.
Growing fleet size and increasing production of aircraft are bolstering sales of aviation chemicals.
Consumption of aviation chemicals is projected to increase at 5.5% CAGR and be valued at around US$ 9.4 Bn by 2031.
Expansion, partnerships and collaborations, and investments in R&D by key players are being witnessed in the global market.
Eastman Chemical Company, PPG Industries Inc., Exxon Mobil Corporation, Akzo Nobel N.V., Royal Dutch Shell plc, BASF SE, and Royal Dutch Shell plc are identified as key suppliers of aviation chemicals.
Top 5 market participants are estimated to account for about 27% share in the global market, according to ratings on the basis of market share, market reach, clientele, etc.
China, the U.S., ASEAN, India, and Russia are key demand centres across the globe for aviation chemicals.
China, the U.S., ASEAN are key producers and exporters of aviation chemicals all over the globe.
The aviation chemicals business in India is projected to witness a growth rate of 6.7% over the decade.

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