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Aircraft Cleaning Chemicals Manufacturers in Holding Pattern as Uncertainty Prevails: Fact.MR Study

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News provided by

Fact.MR

22 Jan, 2021, 14:35 GMT

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NEW YORK, Jan. 22, 2021 /PRNewswire/ -- According to a latest study conducted by Fact.MR, the demand for aircraft cleaning chemicals is set to witness modest gains in 2021 over 2020, as the airline industry gradually rebounds from the recessionary impacts induced by the COVID-19 pandemic. However, growth prospects are expected to be stable, as success with vaccine development raises optimism of a stable long-term outlook.

According to Fact.MR's projections, the market has made unprecedented gains in the recent past, largely an end-product of a flourishing global airline industry. Projections by the International Air Travel Association (IATA) indicates over twofold compounded growth of the revenue from global passenger air traffic, reaching US$ 612 billion by 2019, since 2015. Hence, airline operations have multiplied, leading to a proliferation of maintenance and cleaning service, providing a wide berth for aircraft cleaning chemical products growth. However, the abrupt standstill in 2020 has severely impacted bottom-line of a majority of manufacturers.

Furthermore, bulk of the revenue ecosystem is likely to be generated across the Asia-Pacific market. China promises to emerge as a highly lucrative market, with projections indicating a nearly 4% average increase in airline operations over the next 20 years. It will emerge as the world's largest market, carrying nearly 1.3 billion passengers annually. Hence, manufacturers are introducing a slew of innovative products to grab a lucrative share of the region's economic pie.   

"Robust presence of micro and medium level vendors across key markets is compelling global aircraft cleaning chemical manufacturers to establish strong supply chain and distribution links in order to deepen their penetration," remarks the Fact.MR analyst.

Key Takeaways from FactMR Aircraft Cleaning Material Market Study

  • Interior based cleaning material to retain lucrativeness, accounting for almost three out of five sales through 2021
  • Preference for bio-based solutions widening amid rising sustainability concerns
  • By end-use, civil aviation to emerge as the primary application segment across the forecast period
  • U.S to capture significant revenue share, driven by increasing proliferation of airline accessories and cleaning products vendors
  • U.K likely to register stunted annual growth in 2021, attributed to disruptions in airline operations amid the coronavirus pandemic
  • Germany and France to exhibit steady growth
  • Japan and South Korea to remain attractive growth hot spots

Request a free report sample to gain comprehensive insights https://www.factmr.com/connectus/sample?flag=S&rep_id=2990

Competitive Landscape

Prominent players profiled by Fact.MR in its aircraft cleaning material market report include Callington Haven Pty Ltd., Arrow Solutions, Mcgean-Rohco Inc., Nutive Chemical Compounds, Rx Marine International, and Illinois Tool Works Inc. to name a few. A number of small and medium-scale enterprises characterize the structure of the aircraft cleaning material market.

The aforementioned players offer a diverse product portfolio comprised of conventional and alternative chemical products. As environmental concerns mount, these vendors are foraying into non-hazardous product offerings, which are anticipated to generate significant growth opportunities.

Illinois Tool Works is a prominent face in the market, marketing a range of aircraft cleaning products through its ITW Pro Brands division. It manufactures the SCRUBS range of pre-moistened in-a-bucket hand cleaner towels for the purpose of cleaning, disinfecting, sanitizing or personal care. It also offers the Spray Nine cleaning products.

In June 2019, Callington Haven launched the new Fresh + Clean air freshener and deodorant disc range for usage in aircrafts globally. The deodorant discs offer a consistent fragrance release over time, and are available in three fragrances: Dreamline, Lemon Citrus and Wild Ylang.

More Valuable Insights into the Report

Fact.MR provides a detailed overview of the aircraft cleaning material market, concerning the pivotal drivers impacting the revenue graph of this business. Current trends are based on regional landscape, demand, and growth graph. Based on region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, South East Asia & Oceania, China, Japan, and Middle East and Africa. These markets are divided into three categories, based on product type (exterior based, dry & wet wipes, dry wash cleaner, wet wash cleaner, degreaser, exhaust & shoot remover, polishes, interior based, equipment cleaning, in flight wipes, glass cleaner, air fresheners, leather cleaners, carpet cleaners, lavatory cleaner, disinfectant and insecticide), formulation (water based, solvent based, synthetic, bio-based & wax based) and end use (civil aviation, commercial/cargo based aviation and military).

Request Customized Report as Per Your Requirements:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=2990

Explore Extensive Coverage on Fact.MR's Chemicals & Materials Landscape

Gallium Oxide Substrate Market: A recent study by Fact.MR on the gallium oxide substrate market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of gallium oxide substrate market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders.  

Silicone Adhesives Market: A detailed assessment of the silicone adhesives value chain analysis, business execution, and supply chain analysis across regional markets has been covered in Fact.MR's exhaustive silicon adhesives market report, taking into consideration the vital dynamics such as the drivers, trends and opportunities for the upcoming forecast period.

Glass Bonding Adhesives Market: Explore Fact.MR's elaborate glass bonding adhesives market coverage in its report covering all vital dynamics such as the key growth drivers, opportunities and trends anticipated to prevail across the landscape for the forthcoming decade.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we'll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike 
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg 

SOURCE Fact.MR

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