Aircraft Cleaning Chemical Market Expects Restrained Growth
The growing aviation sector, coupled with an increase in air travelers has been fueling the growth of the aircraft cleaning chemical market, according to an article on the Digital Journal website.
The International Air Transport Association saw an above average 7.6 percent increase in the global passenger traffic in 2017. This is leading to expansions in aircraft fleet size and increasing the demand for aircraft cleaning chemicals.
And a Fact.MR study sees significant demand for aircraft cleaning chemicals especially from the defense industry.
Plus, because of high industry competition, airlines have revised their cleaning and maintenance ways to ensure high-quality standards.
Growing health awareness of the infection risks caused by contaminated passenger seats, is also likely to increase demand for disinfectants.
The aircraft cleaning chemicals market is expected to experience a restrained growth rate of merely 4.3 percent, with the demand in volumes expected to surpass 78,500 tons by the end of 2028.
The market is expected to grow because constant demand from airline companies and their shifting strategies to offer a cleaner travel experience to passengers, according to Fact.MR.
Tougher environmental regulations have caused manufacturers to offer biodegradable, non-toxic, green and long lasting chemicals, including biobased and water-based chemicals to gain a competitive edge.
Additional sales opportunities are expected from developing regions, primarily in China and India. This growth is attributed to recent heavy investments in airport development.
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