According to a new market report published by
Lucintel, the future of the aerospace maintenance 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 grow at a CAGR of 1.1%
from 2016 to 2021. The major growth drivers of this market are increasing
aircraft fleet, increase in flight frequency, and need for maintenance
chemicals during various maintenance checks. It is expected that with increase
in passenger traffic, air travel is increasing which creates positive growth
during the forecast period.
In this market, deicing/anti-icing fluids,
lubricant and cleaning agent maintenance chemicals are used in the aircraft. Lucintel
predicts that the demand for cleaning agent segment is likely to experience the
highest growth in the forecast period due to regular and mandatory maintenance
checks and cleaning requirements. On the basis of its comprehensive research,
Lucintel forecasts that the lubricant segment is expected to be the largest
market due to its various properties that improves the efficiency of various
aircraft components.
Within the lubricant segment, hydraulic fluid segment
in the aerospace lubricant market is expected to experience the highest growth
during the forecast period. It is used in all the types of aircraft, turbine
powered or piston aircraft. On the basis of its comprehensive research, Lucintel
forecasts that the turbine oil is expected to remain the largest segment by
product type because it is used in most of the aircraft that are
turbine-powered.
Commercial and regional aircraft is expected
to remain the largest market for lubricants. Commercial aircraft consume more
lubricants than any other type of aircraft; these are turbine powered aircraft
that will result in high consumption of turbine oil.
North America is expected to remain the
largest region during the forecast period; it covers the largest aircraft fleet
globally along with large number of airlines in the world. Maintenance chemical
usage is directly 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-icing
products.
APAC and ROW are expected to grow with highest
CAGR during the forecast period due to growth in aircraft fleet in APAC and ROW
region. Increase in passenger traffic, rapid expansion of low-cost carriers and
domestic airlines, and growth of long-haul and short-haul markets lead to
increased demand for more aircraft
The
report suggests the development of partnerships with customers to create
win-win situations and the development of performance-driven solutions for end
users. Shell, ExxonMobil, Eastman, Dow Chemical and Total are among the major suppliers
of aerospace maintenance chemical. Some companies are backward integrated, i.e
lubricant manufacturers extract crude oils themselves.
Lucintel,
a leading global strategic consulting and market research firm,
has analyzed opportunities for maintenance chemicals in the global aerospace
industry by product type, region, lubricant
market by product 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 growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study 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 type as
follows:
|
By product
type (Value $ Million from 2010 to 2021):
|
By region (Value $ Million from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
|
Lubricant market: By product type (Value $
Million from 2010 to 2021):
|
|
Lubricant
market: By aircraft type (Value $ Million from 2010 to 2021):
·
Commercial &
Regional aircraft
·
General
aviation
·
Helicopter
·
Military
aircraft
This
148-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/maintenance_chemicals_global_aerospace_market_2021.aspx
or
helpdesk@lucintel.com. Lucintel offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This
report answers following 10 key questions:
Q. 1 What are some of the potential, high-growth
opportunities for maintenance chemical in the aerospace 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 the market?
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 these developments?
Q.8 Who are the major players in this market?
What strategic initiatives are being implemented by key players 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 and how have they
impacted the industry?
No comments:
Post a Comment