Wilmington, Delaware, Oct. 23, 2023 (GLOBE NEWSWIRE) --
Global Aircraft Cleaning Chemicals Market value is estimated at US$ 2,321.0 million in 2023 and is expected to grow at a significant CAGR of over 5.5% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
The global aircraft cleaning chemicals market is expected to grow exponentially. The growth of the market is attributed to the increasing air travel, growing aircraft fleet, stringent regulations on aircraft cleanliness, and growing awareness of the importance of aircraft cleaning. Governments across the globe are implementing stricter regulations on aircraft cleanliness to ensure the safety and health of passengers and crew. This is driving the demand for aircraft cleaning chemicals that meet these regulations.
Moreover, manufacturers of aircraft cleaning chemicals are constantly developing new products that are more effective, environmentally friendly, and cost-efficient. This is making aircraft cleaning chemicals more attractive to airlines and other users.
- According to a deep-dive market assessment by RationalStat, the global aircraft cleaning chemicals market has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global aircraft cleaning chemicals market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons/Liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global aircraft cleaning chemicals market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Aircraft Cleaning Chemicals Market: Segmental and Market Share Analysis
- On the basis of type, the water-based segment is dominating the global aircraft cleaning chemicals market. Water-based aircraft cleaning chemicals are more environmentally friendly than solvent-based chemicals. They produce fewer emissions and are less harmful to aquatic life. Moreover, water-based aircraft cleaning chemicals are generally less expensive than solvent-based chemicals.
- Based on end user, the civil aircraft segment is expected to dominate the global aircraft cleaning chemicals market. The global civil aircraft fleet is much larger than the commercial cargo aviation and military aircraft fleets. This means that there is a greater demand for aircraft cleaning chemicals for civil aircraft.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 2,321.0 million |
| Market Size Forecast | US$ 3,378.7 million |
| Growth Rate | 5.5% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global aircraft cleaning chemicals market include,
- In September 2023, King Abdullah University of Science and Technology (KAUST) spinout WAYAKIT, a biotech company, partnered with Saudi Ground Services (SGS) to provide sustainable cleaning solutions for the airline industry.
- In July 2023, Up & Away Aviation, which works with commercial airline and private aviation clients, was acquired by Unifi Aviation, a ground aviation services company that forms part of the Argenbright Group.
- In July 2023, Unifi Aviation, the global aviation services business of the Argenbright Group, acquired Up & Away, one of the UK's leading aircraft services and private jet detailing businesses.
Some of the prominent players and suppliers operating and contributing significantly to the global aircraft cleaning chemicals market growth include PPG Industries Inc., Illinois Tool Works Inc. Callington Haven Pty Ltd., Mcgean-Rohco Inc., Arrow Solutions, Nuvite Chemical Compounds, Rx Marine International, Roovel Solutions Pvt. Ltd., Ecosterile Environmental Technologies Pvt. Ltd, Anu Enterprises, RPM Technology, LLC, and Alglas UK, among others.
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RationalStat has segmented the global aircraft cleaning chemicals market based on formulation type, application, and region.
- Global Aircraft Cleaning Chemicals Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Formulation Type
- Water based
- Solvent based
- Synthetic
- Bio-based
- Wax based
- Global Aircraft Cleaning Chemicals Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by End User
- Civil Aircraft
- Commercial Cargo Based Aviation
- Military
- Others
- Global Aircraft Cleaning Chemicals Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Region
- North America Aircraft Cleaning Chemicals Market
- US
- Canada
- Latin America Aircraft Cleaning Chemicals Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Aircraft Cleaning Chemicals Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Aircraft Cleaning Chemicals Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Aircraft Cleaning Chemicals Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Aircraft Cleaning Chemicals Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Aircraft Cleaning Chemicals Market
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Key Questions Answered in the Aircraft Cleaning Chemicals Report:
- What will be the market value of the global aircraft cleaning chemicals market by 2030?
- What is the market size of the global aircraft cleaning chemicals market?
- What are the market drivers of the global aircraft cleaning chemicals market?
- What are the key trends in the global aircraft cleaning chemicals market?
- Which is the leading region in the global aircraft cleaning chemicals market?
- What are the major companies operating in the global aircraft cleaning chemicals market?
- What are the market shares by key segments in the global aircraft cleaning chemicals market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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