As per the analysis of FMI, the USA is expected to possess the highest market share in the North American Aircraft Cleaning Chemicals market. The China market is expected to reach a valuation of US$ 700 million by 2032. The Japan market is expected to show a decent growth rate during the forecast pe...
As per the analysis of FMI, the USA is expected to possess the highest market share in the North American Aircraft Cleaning Chemicals market. The China market is expected to reach a valuation of US$ 700 million by 2032. The Japan market is expected to show a decent growth rate during the forecast period.
NEWARK, Del: Sustained by notable increase in number of airlines, coupled with a mounting number of aircraft refurbishment and leasing activities, global sales of aircraft cleaning chemicals will witness a CAGR of 4.3% in the forecast period of 2022 – 2032. A sustainable shift towards bio-based cleaning chemicals is poised to be a prominent trend shaping up the future of global aircraft cleaning chemicals market, suggests a new Future Market Insights (FMI) study.
Bio-based and water-based cleaning chemicals are gaining traction in the market, as these are used to remove hazardous and toxic substances such as trichloroethylene (TCE), perchloroethylene, and other corrosive chemicals from aircraft. Bio-based cleaning chemicals are widely used by both civilian and military aircraft, owing to their non-explosive, low-flammability formulation, which completely eliminates the risk of fire.
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Key Takeaways – Aircraft Cleaning Chemicals Study
Who Is Winning?
The global aircraft cleaning chemicals market is highly fragmented due to the presence of good number of players in regional as well as international markets. Key manufacturers such as PPG Industries Inc., Illinois Tool Works Inc., Arrow Solutions, and Callington Haven Pty Ltd account for a prominent share in the global aircraft cleaning chemicals market. North America, followed by Western Europe is estimated to dominate the global aircraft cleaning chemicals market. However, developing regions such as China, India, ASEAN, and the Middle East are expected to create lucrative opportunities for market participants.
The foreseeable increase in the number of aircraft in the next two decades is expected to provide substantial opportunities for players operating in the aircraft cleaning chemicals services market, i.e. cleaning chemical and cleaning equipment manufacturers. Key manufacturers should focus on developing cost-effective as well as efficient products in order to gain a high brand value.
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More About Aircraft Cleaning Chemicals Market Report
The research report analyzes total sales of aircraft cleaning chemicals on the basis of volume (Tons) and value (US$ Mn). The report includes a competition analysis section that includes market structure analysis, tier structure analysis, competition development, and other crucial information about global and regional players in the market. Opportunities in the market are projected on the basis of factors such as aviation industry growth, travel and tourism industry outlook, air traffic growth, investments in upcoming airport projects, and expansion in production by worldwide manufacturers.
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Aircraft Cleaning Chemicals Market Segment
By Product Type:
By Formulation:
By End Use:
By Region:
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Biodegradable cleaning chemicals are products that can break down naturally in the environment without causing harm. They are often used in aviation to reduce environmental impact.
CAGR stands for Compound Annual Growth Rate. It is a useful measure to understand the mean annual growth rate of an investment over a specified time period.
The aviation industry plays a crucial role in the aircraft cleaning chemicals market as it drives demand for cleaning products to maintain safety and hygiene standards in aircraft operations.
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