VALLEY COTTAGE, New York, December 6, 2018
VALLEY COTTAGE, New York, December 6, 2018 /PRNewswire/ --
Given the expanding aviation industry combined with a significantly high number of passengers opting for air travel, the demand for aircraft cleaning chemicals has been observing a steady growth trajectory in recent years. The global passenger traffic increased by 7.6 percent in 2017-more than the average annual growth over the last ten years-as estimated by the International Air Transport Association, is a key factor driving the global demand for aircraft cleaning chemicals, as a result of expanding aircraft fleet size. In addition, increasing demand for effective aircraft services, too, is a key growth factor. FMI also foresees strong revenue growth opportunity for aircraft cleaning chemicals in the Defense sector.
Considering the highly competitive aviation sector, airlines have upped their cleaning routines-a critical factor to attract passengers. Furthermore, increasing heath awareness and risk of infection arising from contaminated seats would further boost the demand for aircraft cleaning chemicals-specifically, disinfectants. Future Market Insights, in its recently published report on the global aircraft cleaning chemicals market, throws light on some of the key factors pumping revenue into the global aircraft cleaning chemicals market, for the assessment period of 2018-2028.
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"Growth in global sales of aircraft cleaning chemicals is positioned to increase at a rather restrained rate of 4.3 percent. The volume demand is estimated to reach 78,647 Tons by the end of 2028. This growth is attributable to the continuous demand from the airline companies and their shifting focus towards providing a cleaner and hygienic flying experience to passengers"-Future Market Insights
Favorable Sales Opportunities lined up in China, India; Refurbishment & Expansion of Old Airports & Development of New Airports Remains the Key Driver
Aircraft Cleaning Chemicals Market Segmentation By Product Type - Exterior Based , Interior Based ; Formulation - Water Based, Solvent Based, Wax Based : https://www.futuremarketinsights.com/reports/aircraft-cleaning-chemical-market
FMI's report on the global aircraft cleaning chemicals market showcases a highly fragmented landscape, around 83% - 88 % of which belongs to the Tier-II players including several medium and small scale manufacturers and distributors. Some of the players in the market include DASIC International Ltd & DASIC International Aerospace Ltd, Ecosterile Environmental Technologies Pvt. Ltd, EnviroFluid, and Nuvite Chemical Compounds. Tie-I players, including companies like PPG Industries, Inc., Illinois Tool Works Inc., Callington Haven Pty Ltd., Mcgean-Rohco Inc, and Arrow Solutions capture nearly 12% - 17% share in the global aircraft cleaning chemicals market. In terms of key forward market strategies,
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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