The global aviation lubricants market reached a value of US$ 1.95 billion in 2021. Looking forward, the market is projected to reach US$ 2.86 billion by 2027, exhibiting a CAGR of 6.99% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Aircraft comprises numerous moving parts that are associated with the propulsion system. As a result, there is a rise in the utilization of aviation lubricants to eliminate friction between these metal parts and function across a wide temperature range. They also assist in reducing their wear and tear and improving the energy efficiency of an aircraft. Besides this, they help prevent deposit formation and protect engine parts, such as elastomeric seals, O-rings, gaskets, and other seals, from corrosion. They generally contain antioxidants, metal deactivators, anti-corrosion and -foaming additives, viscosity index improvers, boundary lubrication additives.
Over the years, traveling via air has become more accessible to people on account of the easy availability of affordable flights and the increased frequency of flights as well as the connectivity of airports. In line with this, airlines are expanding their operating hours and commercial fleets, particularly in emerging economies, to increase profitability. This represents one of the leading factors driving the sales of aviation lubricants across the globe. Moreover, with the onset of the coronavirus disease (COVID-19), the aviation industry experienced slack on account of the implementation of travel restrictions and complete lockdown in numerous countries worldwide. However, the demand for aviation lubricants remained constant as airplanes with infrequent use also require corrosion protection. Apart from this, there is a rise in the use of synthetic lubricants as they ensure thermal stability and offer better performance in extreme weather conditions. Some of the other factors projected to strengthen the growth of the market include the escalating need to improve the fuel economy, stringent fuel emission norms and the rising air passenger traffic.
This report provides an analysis of the key trends in each sub-segment of the global aviation lubricants market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, technology, platform and End-user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, Whitmore Manufacturing LLC, Lanxess AG, Lukoil, Nyco, Nye Lubricants Inc. (Fuchs Petrolub SE), Rocol (Illinois Tool Works Inc.), Royal Dutch Shell plc, Tecsia Lubricants Pte Ltd and The Chemours Company.
Aircraft comprises numerous moving parts that are associated with the propulsion system. As a result, there is a rise in the utilization of aviation lubricants to eliminate friction between these metal parts and function across a wide temperature range. They also assist in reducing their wear and tear and improving the energy efficiency of an aircraft. Besides this, they help prevent deposit formation and protect engine parts, such as elastomeric seals, O-rings, gaskets, and other seals, from corrosion. They generally contain antioxidants, metal deactivators, anti-corrosion and -foaming additives, viscosity index improvers, boundary lubrication additives.
Aviation Lubricants Market Trends
Over the years, traveling via air has become more accessible to people on account of the easy availability of affordable flights and the increased frequency of flights as well as the connectivity of airports. In line with this, airlines are expanding their operating hours and commercial fleets, particularly in emerging economies, to increase profitability. This represents one of the leading factors driving the sales of aviation lubricants across the globe. Moreover, with the onset of the coronavirus disease (COVID-19), the aviation industry experienced slack on account of the implementation of travel restrictions and complete lockdown in numerous countries worldwide. However, the demand for aviation lubricants remained constant as airplanes with infrequent use also require corrosion protection. Apart from this, there is a rise in the use of synthetic lubricants as they ensure thermal stability and offer better performance in extreme weather conditions. Some of the other factors projected to strengthen the growth of the market include the escalating need to improve the fuel economy, stringent fuel emission norms and the rising air passenger traffic.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global aviation lubricants market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, technology, platform and End-user.
Breakup by Type:
- Hydraulic Fluid
- Engine Oil
- Grease
- Special Lubricants and Additives
Breakup by Technology:
- Mineral-based
- Synthetic
Breakup by Platform:
- Commercial Aviation
- Military Aviation
- Business and General Aviation
Breakup by End-user:
- OEM
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, Whitmore Manufacturing LLC, Lanxess AG, Lukoil, Nyco, Nye Lubricants Inc. (Fuchs Petrolub SE), Rocol (Illinois Tool Works Inc.), Royal Dutch Shell plc, Tecsia Lubricants Pte Ltd and The Chemours Company.
Key Questions Answered in This Report
- How has the global aviation lubricants market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aviation lubricants market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the platform?
- What is the breakup of the market based on the End-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aviation lubricants market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Aviation Lubricants Market
What is the estimated value of the Global Aviation Lubricants Market?
What is the growth rate of the Global Aviation Lubricants Market?
What is the forecasted size of the Global Aviation Lubricants Market?
Who are the key companies in the Global Aviation Lubricants Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 1.95 Billion |
| Forecasted Market Value ( USD | $ 2.86 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aviation Lubricants Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Platform
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aerospace Lubricants Inc.
- Eastman Chemical Company
- Exxon Mobil Corporation
- Whitmore Manufacturing LLC
- Lanxess AG
- Lukoil
- Nyco
- Nye Lubricants Inc. (Fuchs Petrolub SE)
- Rocol (Illinois Tool Works Inc.)
- Royal Dutch Shell plc
- Tecsia Lubricants Pte Ltd
- The Chemours Company
Methodology
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