Aerospace & Defense Chemical Distribution Market Analysis

Aerospace & Defense Chemical Distribution Market Analysis

Paint & coatings is a significant product in the A&D chemical distribution market. This segment includes variety of base coats, topcoats, primers, special coatings, etc. They help in enhancing the durability of the aircraft. These products are utilized by major aircraft operators and MRO (Maint) service providers in painting applications of aircraft structure, cabin interiors, general aviation, aircraft structure, air defense, etc.
 

Interiors held the highest share, accounting for over 50% of the aerospace & defense chemical distribution market in terms of volume distributed in 2018. This is owing to growing usage of the cleaners & solvents in the aircraft interior parts. Major cleaning activities scheduled in an aircraft during transit stops include, cleaning of galley, passenger cabins, flight deck, toilet compartments, etc. Hence, as air travel increases the demand for cleaning the aircraft also increases. Hence, the growth rate in this segment is the highest as compared to the other segments.
 

Airframe is another important application area which is likely to grow at a CAGR of more than 4.5% over the forecast timeframe. Airframe is the mechanical structure of an aircraft system which comprises of wings, fuselage and empennage. Adhesives, sealants, paints, cleaners, etc. are some chemicals which are used in this segment to fulfill various purposes. These chemicals enhance the physical property of the airframe and helps to cope with the extreme temperature conditions.
 

OEM is likely to grow at a compound annual growth rate of more than 4.5% over the forecast timeframe. This is due to the significant usage of adhesives & sealants and paints & coatings products in new aircraft construction. Adhesives & sealants are utilized for bonding variety of aircraft structures, while paints & coating products are used in painting aircraft interior & exteriors. Increasing demand for new aircrafts will in turn create demand for aerospace & defense chemicals in this segment.
 

Commercial segment is likely to attain a aerospace & defense chemical distribution market share of more than 70% owing to the rising global demand for air travel. The global aircraft fleet is likely to increase from around 25,000 in 2018 to over 50,000 by 2038. Such growing trends would increase the demand for the product from this segment. Rising consumer spending, growing middle class income, strong economic growth, etc. are some factors driving the growth in the commercial segment.
 

North America is the dominant region in the aerospace & defense chemical distribution market, occupying a share of over 40% in 2016. The high market share is attributed to the presence of major distributors in this region. U.S. accounted for largest market share in the region owing to the presence of major aircraft manufacturers & service providers. U.S. military spending has been rising in past few years and reached around USD 650 billion in 2018. Increasing military spending would increase the need for aerospace & defense chemicals distribution in the forecast period.