Growth Opportunities for Maintenance Chemicals in the Global Aerospace Industry 2016-2021: Trends, Forecast, and Opportunity Analysis , May 2016
According to a new market report published by chemical market looks stable with opportunities in commercial, regional jet, general aviation, helicopter,and military aircraft segments. The global aerospace maintenance chemical market is forecast to growat a CAGR of 1.1% from 2016 to 2021. The major growth drivers of this market are increasing aircraftfleet, increase in flight frequency, and need for maintenance chemicals during various maintenancechecks. It is expected that with increase in passenger traffic, air travel is increasing which creates positivegrowth during the forecast period.
In this market, deicing/anti-icing fluids, lubricant and cleaning agent maintenance chemicals are used inthe aircraft. Lucintel predicts that the demand for cleaning agent segment is likely to experience thehighest growth in the forecast period due to regular and mandatory maintenance checks and cleaningrequirements. On the basis of its comprehensive research, Lucintel forecasts that the lubricant segmentis expected to be the largest market due to its various properties that improves the efficiency of variousaircraft components.
Within the lubricant segment, hydraulic fluid segment in the aerospace lubricant market is expected toexperience the highest growth during the forecast period. It is used in all the types of aircraft, turbinepowered or piston aircraft. On the basis of its comprehensive research, Lucintel forecasts that the turbineoil is expected to remain the largest segment by product type because it is used in most of the aircraftthat are turbine-powered.
Commercial and regional aircraft is expected to remain the largest market for lubricants. Commercialaircraft consume more lubricants than any other type of aircraft; these are turbine powered aircraft thatwill result in high consumption of turbine oil.
North America is expected to remain the largest region during the forecast period; it covers the largestaircraft fleet globally along with large number of airlines in the world. Maintenance chemical usage isdirectly proportional to aircraft fleet size, and an increase in aircraft flights is a growth factor for this market.
These regions with cold climatic conditions will always be major consumers of the deicing/anti-icingproducts.
APAC and ROW are expected to grow with highest CAGR during the forecast period due to growth inaircraft fleet in APAC and ROW region. Increase in passenger traffic, rapid expansion of low-cost carriersand domestic airlines, and growth of long-haul and short-haul markets lead to increased demand for moreaircraft
The report suggests the development of partnerships with customers to create win-win situations and thedevelopment of performance-driven solutions for end users. Shell, ExxonMobil, Eastman, Dow Chemicaland Total are among the major suppliers of aerospace maintenance chemical. Some companies arebackward integrated, i.e. lubricant manufacturers extract crude oils themselves.maintenance chemicals in the global aerospace industry by product type, region, lubricant market byproduct type and lubricant market by aircraft type and has come up with a comprehensive research report,“Growth Opportunities for Maintenance Chemicals in the Global Aerospace Industry 2016-2021:
Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a spring board for growthstrategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. Thestudy includes a forecast of maintenance chemicals in the global aerospace industry through 2021,segmented by product type, region, lubricant market by product type and lubricant market by aircraft typeas follows:
By product type (Value $ Million from 2010 to 2021)
By region (Value $ Million from 2010 to 2021)
Rest of World
Lubricant market: By product type (Value $ Million from 2010 to 2021)
Piston Engine Oils
Lubricant market: By aircraft type (Value $ Million from 2010 to 2021)
Commercial & Regional aircraft
This report answers following 10 key questions:
Q. 1. What are some of the potential, high-growth opportunities for maintenance chemical in theaerospace industry, by aircraft type, application and region?
Q. 2. Which product /segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of themarket?
Q.5. What are the business risks and threats of this market?
Q.6. What are some changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading thesedevelopments?
Q.8. Who are the major players in this market? What strategic initiatives are being implemented by keyplayers for business growth?
Q.9. How is the competitive rivalry and threat of substitution in this market?
Q.10. What are M&A activities in the last 5 years in this market? What reasons to these activities andhow have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed toidentify new growth opportunities and operate your business successfully in this market. This report willsave hundreds of hours of your own personal research time and will significantly benefit you in expandingyour business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This marketreport fulfills this core need and is an indispensable reference guide for multinational materials suppliers,product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Growth Opportunities for Maintenance Chemicals in the Global Aerospace
Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Maintenance chemicals in global aerospace industry size estimation invalue ($M) shipment.
Trend and forecast analysis: Maintenance chemicals in global aerospace industry trend (2010-2015) and forecast (2016-2021) by region and segment.
Segmentation analysis: Maintenance chemicals in global aerospace industry size by variousproduct types such as deicing/ anti icing, cleaning agent, and lubricant in terms of value shipment.
Regional analysis: Maintenance chemicals in global aerospace industry breakdown by keyregions such as North America, Europe, Asia Pacific and Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications and regions.
Strategic analysis: This includes M&A, new product development, competitive landscape, andexpansion strategies of maintenance chemicals products suppliers in global aerospace industry.
Emerging applications: Emerging applications of maintenance chemicals in global aerospaceindustry in various markets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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