Aerospace & Defense Chemical Distribution Market To Witness Significant Growth Rate up to 2025

Aerospace & Defense Chemical Distribution Market
to grow at 4.5% CAGR till 2025: Global Market
Insights Inc.
Aerospace & Defense Chemical Distribution Market driven by Increasing non-woven
fabrics demand in the world to surpass USD 5 billion by 2025 and will witness 4.5% CAGR
during the forecast timespan.
Increase in aircraft maintenance, repair and overhaul (MRO) activities will drive aerospace
and defense chemical distribution market trends over the forecast time period. Surge in the
demand for air travel across the globe and the need to replace aging aircraft are some mains
reasons contributing towards an increase in the global MRO demand.
Rise in the disposable income in the middle-class and growing population in emerging
nations like China and India has induced an exponential increase in air traffic. The trend will
substantially boost the demand for aircraft in the future ,which in turn will thrust aerospace &
defense chemical distribution industry size over the analysis period.
The aerospace industry is likely to witness a very high demand for cleaners and solvents
owing to their frequent use for the maintenance of the aircraft. Adhesives that are used in the
aviation sector comprise structural acrylics, solvent-based, water-based and epoxy based. .
Aerospace & Defense Chemical Distribution Market
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The adhesives & sealants segment is anticipated to account for nearly 15% of
aerospace and defense chemical distribution market share by 2025, due to their
significant function in the aircraft manufacturing and repair operations.
Acrylic-based adhesives are primarily used to bond the electric motors to magnets
whereas epoxy-based adhesives contribute to weight reduction and give additional
strength to the aircraft.
Rise in the investments made in the defense sector by major nations will foster
significant product demand in the forthcoming years. The defense segment, holding
a market share of around USD 800 million in the year 2016, encompasses both noncombat
and combat aircrafts.
Growing number of applications have bolstered aerospace & defense chemical
distribution market outlook, from the need to maintain interiors, engine and
airframes. Surge in the demand for hydraulic fluids and lubricants will help garner
considerable share in the system segment.
System segment includes flight controls, hydraulics, landing gear, cooling system,
bleed system, among others. It is estimated that the demand for global air transport
MRO had reached nearly USD 64.3 billion in the year 2015 and is poised to generate
a staggering USD 96 billion by the end of the projected time period.
Distribution channels play a key role in driving the aerospace & defense chemical
distribution industry size. The products are distributed either by independent
distributors, directly by manufacturers or through brokers.
Browse key industry insights spread across 230 pages with 255 market data tables &
34 figures & charts from the report, “Aerospace & Defense Chemical Distribution
Market Size By Product (Adhesives & Sealants, Paints & Coatings, Lubricants
& Greases, Oils & Hydraulic Fluids, Cleaners & Solvents), By Application
(Airframe, System, Engine, Interiors), By Distribution Channel (OEM,
Aftermarket), By End-user (Commercial, Military, Spaceships), Industry
Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain,
Italy, Poland, Russia, China, India, Japan, Singapore, Brazil, South Africa,
Saudi Arabia, UAE), Application Growth Potential, Price Trends, Competitive
Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
http://bit.ly/2m3FfZa
An increase in the demand for new aircraft as well as the increase in the
maintenance and repair activities during its life cycle, will influence the product
demand. Key channels are original equipment manufacturers (OEMs) and the
aftermarket players.
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Europe stands an important regional market due to the massive size of its aerospace
industry. Wide use of the product in manufacturing as well maintenance of aircraft is
expected to foster the aerospace & defense chemical distribution market share over
the coming years.
France secured a notable share in the Europe region owing to a thriving aircraft
production, resulting from an increase in air travel in in European Union.
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Industry Coverage
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