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The Aviation Chemicals Market to create turbulence in automotive sector at a CAGR of 7.7% between 2021 and 2031

Newly-released data aviation chemicals industry analysis shows that global demand for lubricants & coolants is expected to witness year-on-year (YoY) growth of 12.4% in 2021 to total 834.7 KT. Sales of de-icing and anti-icing fluids is expected to rise 11.6% to 298.4 KT.

As per the research, Persistence Market Research has anticipated that aviation chemical sales across the globe will witness a CAGR of 5.8% during the forecast period of 2021 and 2031. North America is anticipated to remain a key region in the aviation chemicals business and is estimated to progress at a CAGR of 5.5% over the decade.

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FACTS AT A GLANCE

Companies: Eastman Chemical Company, The Sherwin Williams Company, PPG Industries Inc., Exxon Mobil Corporation, Axalta Coating Systems Ltd., Akzo Nobel N.V., Henkel AG & Co. KgaA, BASF SE, Royal Dutch Shell plc, Fuchs Petrolub SE, Compagnie de Saint-Gobain S.A., Zircotec, Master Bond Inc., APV Engineered Coatings, DOW, Illinois Tool Works Inc., Oerlikon Balzers Coating S.A., SINOPEC, Avi-Oil India Pvt. Ltd., Alglas UK, and RPM Technology, LLC.

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Coverage: All major geographies and key segments

Segments: Type(Paints & Coatings,Adhesives & Sealants,Lubricants & Coolants,De-icing & Anti-icing Fluids,Cleaning Chemicals); End Use(Chemicals for Civil Aviation,Chemicals for Commercial Cargo Aviation,Chemicals for Military & Space Exploration)

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Persistence Market Research recently published a new report on the global aviation chemicals market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This research report presents exclusive facts and figures about how the will grow over the forecast period of 2021 to 2031.

Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the global aviation chemicals market over the forecast period.

The study is relevant for stakeholders in the global aviation chemicals market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in market can leverage the information and statistics presented in research report.

The report includes facts & figures related to the micro- as well as macro-economic factors that are impacting the demand for aviation chemicals. The study also offers actionable insights based on the future trends in the market. Furthermore, domestic players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.

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