Aerospace And Defense Chemical Distribution Market Report

Market Insights

Aerospace & Defense Chemical Distribution Market is likely to grow from USD 3.76 billion in 2021 to USD 5.28 billion by 2028 at a CAGR of more than 4.91% during the forecast period of 2022-2028.

What are aerospace chemicals?

Aerospace chemicals such as mineral-based lubricants are used in aircraft engines. They are derived from petroleum-based products. Aerospace & defense chemical distribution market is consolidated in nature due to some players holding major market share.

Market Drivers

Development of new brake pad material compounds, growing vehicle sales coupled with availability of lightweight and advanced friction materials, updated vehicle safety regulations, and increasing presence of automotive players are expected to underpin the growth of the market during the forecast period.

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Segment Analysis

By Product Type

Based on the product type, the market is segmented as adhesives & sealants, paints & coatings, lubricants & greases, oils & hydraulic fluids cleaners & solvents. Paints & coatings are expected to witness significant growth rate in the market during the forecast period owing to their applications in the A&D chemical distribution market. In addition, the variety of base coats that are part of paint & coatings, help in increasing the longevity of aircraft. These basecoats include topcoats, primers, special coatings, etc. Utilization of these products by major aircraft operators and MRO service providers in painting applications of aircraft structure, cabin interiors, general aviation, aircraft structure, air defense, etc. is further expected to drive the market growth during the forecast period. 

By End-User Type

Based on the end-user type, the market is segmented as commercial, military, spaceships, and others. The commercial segment is estimated to lead the market during the forecast period, owing to the increasing demand for air travel across the globe. Other factors such as rise of global aircraft fleet, increasing consumer spending, rising middle class income, and stable economic growth are expected to accelerate the segment’s growth during the forecast period.

By Region

In terms of regions, North America is estimated to be the leading region in the market owing to the presence of key distributors in the region. The U.S. held the biggest chunk of the market share in the region in 2019, owing to the presence of major aircraft manufacturers and service providers. The U.S. increase in military spending is also expected to offer substantial growth opportunities during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities over the forecast period.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The aerospace & defense chemical distribution market is segmented into the following categories.

By Product Type:

• Adhesives & Sealants
• Paints & Coatings
• Lubricants & Greases
• Oils & Hydraulic Fluids
• Cleaners & Solvents

By Application Type:

• Airframe
• System
• Engine
• Interiors

By Distribution Channel Type:

• OEM
• Aftermarket

By End-User Type:

• Commercial
• Military
• Spaceships
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the aerospace & defense chemical distribution market are-

• Aerospace Quality Suppliers Pte Ltd
• AirChem Consumables
• Aviation Chemical Solutions
• Graco Roberts
• Incora
• Jaco Aerospace, Inc.
• Spectrum Aerospace GmbH
• Starry Oil Corporation
• Univar Solutions Inc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by distribution channel type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.