VALLEY COTTAGE, N.Y. – Worldwide demand for aircraft cleaning chemical increased at 4% in 2019 over 2018 to total US$ 2.1 Bn, according to Future Market Insights (FMI). Increasing per capita income and growing consumer affinity for travelling are the major factors driving growth of the aircraft industry, which in turn, influence development of the aircraft cleaning chemical market.
Strong government policies and regulations have been compelling manufacturers to bring effective yet eco-friendlier aircraft cleaning chemicals in the marketplace. As such, there has been an increasing replacement of VOC-emitting degreasers and other related cleaning products with green alternatives. Prevalence of green chemicals have influenced the manufacturers to turn to high-tech, bio-based, biodegradable, and non-toxic cleaning solutions that comply with global quality standards. Thus, water-based aircraft cleaning chemicals are emerging as the most referred product to remove toxic and hazardous substances from aircraft.
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“In an extremely competitive aviation landscape, aircraft operators are revising their maintenance and cleaning ways to ensure high performance and quality. Additionally, growing risks of infections and contaminants on passenger seats are playing an instrumental role in driving demand for aircraft cleaning chemicals,” says FMI analyst.
Key Takeaways – Aircraft Cleaning Chemical Market Study
- Airline carrier companies generally renovate the entire interior of an aircraft before putting them into use, as per customers’ requirements. This, in turn, boosts the demand for aircraft cleaning chemicals.
- According to FMI, demand for interior-based aircraft cleaning chemicals will continue to be relatively high when compared with their exterior-based counterparts.
Preview Analysis Of 2019 Analysis and Review of Aircraft Cleaning Chemicals Market by Product – Exterior and Interior for 2019 – 2029:https://www.futuremarketinsights.com/reports/aircraft-cleaning-chemical-market
- With growing demand for effective and safer alternatives for cleaning and disinfection solutions, manufacturers are currently investing in product innovations.
- Application of aircraft cleaning chemicals is set to remain high across civil aircrafts as compared to cargo and military aircraft. Over the forecast period, the use of cleaning chemicals in military aircraft is expected grow at a CAGR of 3.2%.
- North America is considered as the major purchaser of aircraft cleaning chemicals, despite losing a hefty share to the developing markets. In the current scenario, the region holds a revenue share of 31%.
- However, North America is expected to witness slower adoption of the aircraft cleaning chemicals in the future, while sales are likely to ramp up in SEAP, China, and MEA.
Aircraft Cleaning Chemicals Market: Key Vendors’ Insights Implementation of favorable government schemes for the development of the aircraft industry, especially in developing economies, is working to the advantage of leading market players. In addition, manufacturers are focusing on expanding their production units and collaborating with other local companies for firmer global footprint. These manufacturers are also investing in developing innovative products that comply with regulatory standards.
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