North America Aerospace Sector Witnessed High Demand for Specialty Chemicals
Since aircraft and military vehicles are exposed to harsh climatic conditions, the demand for specialty chemicals is surging in the aerospace & defense chemical distribution market. As such, strategic collaborations is one of the most prominent trends, which is driving a change in the market landscape. This explains why the market for aerospace & defense chemical distribution is estimated to reach a value of ~US$ 2 Bn by the end of 2027. Hence, companies are adopting the strategy of mergers & collaborations to meet end user demands. For instance, Graco- a leading supplier of fluid management products, has announced the acquisition of E.V. Roberts, a manufacturer and distributor of materials for aerospace and electronics to serve the North America aerospace sector. This is well-justified since the aerospace & defense chemical distribution market in North America is estimated to generate the highest revenue.
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Companies in the market for aerospace & defense chemical distribution are increasing their efforts to increase the availability of specialty chemicals.
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Companies Provide Customizable Supply Chain Solutions to Offer Novel Military Products
Airframes of defense equipment are vulnerable to metal corrosion and malfunctioning of components. Hence, companies in the market for aerospace & defense chemical distribution are increasing efforts to become leaders in end-to-end customizable supply chain solutions. For instance, Pattonair— a leading aerospace and defense supply chain service provider, announced to acquire Wesco Aircraft Holdings Inc., an aerospace industry expert in operational performance, to emerge as a highly diversified provider of customizable supply chain solutions with an extensive product range. As such, the revenue of aerospace end use segment is predicted for aggressive growth in the market for aerospace & defense chemical distribution.
Strategic collaborations are playing an instrumental role in serving a large pool of customers and strengthening supply chains with world’s leading aerospace and defense OEMs in the aerospace & defense chemical distribution market. Companies in the aerospace & defense chemical distribution market are increasing their efficacy in novel aerospace products such as SKUs (Stock-Keeping Units) used in the production of commercial and military aircraft, including airframes, engines, and hydraulic units, among others.
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China’s Aerospace Industry Generates Revenue Streams through Coatings and New Material Applications
The aerospace & defense chemical distribution market is continuously growing as a result of a large pool of fragmented players who dictate ~91% of the market stake. However, China’s chemical sector dynamics might pose as a challenge for companies in the market landscape. For instance, there is a growing need to professionalize operations in China’s private-sector chemical companies. Hence, companies in the aerospace & defense chemical distribution market are encouraging manufacturers in China to embrace best business practices in decision-making and bolster their technological capabilities.
The market for aerospace & defense chemical distribution is estimated to reach an output of ~5,100 kilo tons by the end of 2027. Apart from North America and Latin America, companies are increasing their focus in countries of Asia Pacific such as China, to delve opportunities in high-tech aerospace industries. Owing to the Made in China 2025 policy launched by the Government of China, companies in the market for aerospace & defense chemical distribution are capitalizing on this trend to generate revenue streams through coating products for the country’s expanding aerospace industry.
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