Aviation Lubricants - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Aviation Lubricants market is accounted for $2.23 billion in 2018 and is expected to reach $4.34 billion by 2027 growing at a CAGR of 7.7% during the forecast period. Some of the key factors propelling the market growth are stability of airline industry and increase in cargo activities. However, stringent high toxicity in few lubricants and use of certain lubricants at high pressures and high altitudes are the restraining factor for the growth of the market.
Aviation lubricants are presented to temperatures ranging from −73°C to 200°C and are used in military and general applications. The lubricants utilized in the aviation sector need to have much better performance over those utilized in different sectors, for example, automotive and industrial. They are also used in oxygen system couplings, valves, regulators and seals, liquid-fuelled rocket engines and ground support systems, gyroscopes, bearings, lead screws and ball screws, electromechanical actuators, engine ancillary gearbox spline couplings, anti-friction mounts, engine oil tanks, and IR sensors and optics. It is required for engines and airframe designs.
By technology, aircraft type segment is expected to grow at the significant market share during the forecast period due to increase in air travel and development in cargo activities is anticipated to propel the demand for aircraft in the following years. This, in turn, is probably going to increase the global market. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period to the existing military fleet that is being gradually upgraded, which indirectly affects on the growth of the market in the region. The presence various manufacturers and key players in the market is likewise understood to have a positive impact on the expansion of the market in the region.
Some of the key players in Aviation Lubricants Market include Astronics Corporation, BP, British Petroleum, Castrol Limited, Chevron Corporation, China Petrochemical Corporation, DuPont, Exxon Mobil Corporation, ExxonMobil, Fuchs Group, Lanxess, Lukoil, Nyco, Petróleo Brasileiro S.A., Phillips 66, Quaker Chemical Corporation, Shell, The Chemours Company and Zodiac Aerospace.
• Business Jets & Turboprop Planes
• Defense Aircraft
• Large Commercial Jets
• Large Jets
• Piston Engine Aircraft
• Other Aircrafts
• Bio-Based Oils
• Lubricants and Special Additives
• Mineral Oils
• Semi-Synthetic & Synthetic Oils
• Other Types
• Engine Oils
• Fluids and Preservatives
• Hydraulic Fluids
• Other Products
• Aircraft Type
• Aviation Defense
• Business and General Aviation
• Commercial Aviation
• Military Aviation
• Personal Aviation
• Hydraulic Systems
• Landing Gear
• Other Applications
End Users Covered:
• Original equipment manufacturers (OEMs)
• Maintenance, Repair and Operations (MROs)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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