The global aerospace and defense Chemical Distribution market size was USD 5.37 Billion in 2022 and is expected to reach USD 8.19 Billion in 2032, and register a revenue CAGR of 4.8% during the forecast period. High demand for aerospace and defense products as a result of increasing air travel as well as rising demand for safety and security measures in the aviation sector are major factors driving market revenue growth.
The delivery of chemicals for use in aerospace and defense is heavily reliant on these industries. Specialized chemicals are needed to create airplane parts and ensure aviation safety in this heavily regulated industry. As aerospace and defense companies continue to concentrate on creating lightweight and fuel-efficient aircraft components, there will be rising demand for these chemicals.