According to Future Market Insights estimates, the North America aircraft cleaning chemicals market is predicted to reach a market valuation of US$ 1,875 Million by the end of 2022. During the forecast period of 2022-2032, the North American market is expected to grow with a steady CAGR of 4% and hence reach a market value worth US$ 3,255.5 Million by 2032.
North America presently has the biggest economy for aircraft cleaning chemicals, according to research by Future Market Insights. Sales of aircraft cleaning chemicals are anticipated to soar during the projection timeframe in North America due to rapid technological advancement in the aviation sector and aggressive government actions to maintain a sanitary environment in the aircraft.
According to data from aviationbenefits.org, the GDP of North America is boosted by air travel by close to US$ 1.1 trillion. In addition, the aviation sector in North America accommodates the greatest number of both local and foreign travelers. Additionally, ammonia-free aviation cleaner spray is readily available and penetrates fast to lift as well as dissolve dirt deposits, smoke films, greasy stains, fingerprints, and other contaminants off the glass surface. Such factors are further expected to propel the growth in the North American region.
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However, the market rebound in Asia, China, and the MEA is expected to cause North America to lose a sizable share of the market in aircraft cleaning chemicals by the end of 2029. As Asia has become a major hub for air travel and is predicted to hold its own over the next ten years, the market in North America is expected to lose some significant market share in the coming years.
Key Takeaways
- The North American market for aircraft cleaning chemicals was estimated to hold a market valuation of US$ 1,655 Million in 2022.
- Globally, the North American market will occupy a 36% share in 2022.
- By product type, dry wash cleaning is expected to occupy 38% of the shares in 2022.
- By formulation, water-based cleaners are mostly preferred by experts.
- By end-use, civil aircraft are expected to acquire 51% of the shares in the North American market.
Competitive Landscape
The key players present in the North American aircraft cleaning chemicals market are PPG Industries Inc., Illinois Tool Works Inc., Mcgean-Rohco Inc., and Nuvite Chemical Compounds.
The primary companies are concentrating on creating items that support strong health as well as a new aspect of safety, which is creating formulae for non-flammable products. These have a mild odor and are quite inexpensive as a whole. In addition, the recently produced product offers less chemical evaporation, which further boosts the product’s effectiveness.
Recent Developments
- In October 2022, Nuvite released SS9-3, a ground-breaking solution that satisfies CSD1, D AMS 1526C, and D6-17487 criteria and is approved for both general and exterior aviation cleaning. This cleanser’s alkaline base makes it an ideal aircraft cleaning solution for all kinds of surfaces- gloss, satin, and matte.
- PPG stated in September 2022 that it would exhibit its new color simulation tool and shed paint color pallet at the 2022 Shed Builder Expo. The PPG AQUACRON color palette for the coatings, which was just introduced, is one of the first to be created utilizing customer choice and shed manufacturers’ suggestions.
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Aircraft Cleaning Chemicals Market Segment
By Product Type:
- Exterior
- Interior
By Formulation:
- Water Based
- Solvent based
- Synthetic
- Bio Based
- Wax Based
By End Use:
- Civil Aircraft
- Commercial/Cargo Based Aviation
- Military
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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