Aviation Lubricants Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030, Segmented By Type (By Aircraft Type (Narrow Body Aircrafts, Rotorcraft, Business Aircrafts, Regional Aircrafts, Wide Body Aircrafts, and Fighter Aircrafts), By Type (Engine Oil, Hydraulic Fluid, Grease, Special Lubricants & Additives), By Technology (Synthetic and Mineral Based), By End User (Af
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAviation Lubricants Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030, Segmented By Type (By Aircraft Type (Narrow Body Aircrafts, Rotorcraft, Business Aircrafts, Regional Aircrafts, Wide Body Aircrafts, and Fighter Aircrafts), By Type (Engine Oil, Hydraulic Fluid, Grease, Special Lubricants & Additives), By Technology (Synthetic and Mineral Based), By End User (Af
Global Aviation lubricants Market is anticipated to grow during the forecast period. Global aviation industry is on the rise which also increases the global aviation lubricants market. Each aircraft has a lot of moving components connected to the aircraft system. Aviation lubricants are essential in aircrafts for smooth operations to minimize wear and tear between the parts of the aircraft that are in direct contact. Aviation lubricants are being more heavily utilized to minimize friction between metal parts and function across a wide temperature range. The smooth operation of parts and components, which also contributes to higher fuel economy & engine efficiency is possible by lubrication. Aviation lubricants are designed to endure high pressure and heat. Further, Other applications for aviation lubricants include cooling parts, providing anti-corrosion and rust-free qualities, sealing gaps, etc.
Aviation lubricants are designed to lubricate various moving parts of an aircraft engine such as bearings, gears, camshaft, rocker arms, cylinder walls, piston rings, push rods, and sockets while offering additional performance characteristics such as engine cooling and corrosion inhibition. Moreover, Factors leading the aviation lubricants market expansion are global tourism growth, lubricants ever-evolving quality, progress in aviation technology, and other. So, it is projected that the expansion of the tourist and travel sectors would fuel demand for aviation lubricants.
Furthermore, due to an increase in aircraft deliveries and a substantial fleet of commercial and regional aircraft, the need for aviation lubricants is growing globally. The value chain for aviation industry was impacted by the global COVID-19 outbreak. Delays in collaboration and partnerships were the cause of travel restrictions imposed by numerous nations in Europe, North America, and Asia-Pacific. However, the global aviation lubricants market is exhibiting indications of recovery and is predicted to rebound in upcoming years because of the expansion of the global logistics business and the increasing travel and tourist industry.
Periodic Maintenance of Aircrafts Drives the Market
According to Our World in Data Organization, passengers per fatality has shown drastic decrease to 5 million in 2020 from 15 million passengers per fatality in 2019.
Rising Global Tourism
According to the tourism statistics report published by the United Nations World Tourism Organization (UNWTO), a total of approximately 25 million international tourist arrivals were reported in year 1950 and 69 years later, the number has advanced to 1.4 billion international arrivals per year in year 2019, undergoing a growth of 56 times.
Increasing shift toward air travel
Aviation lubricants are expected to see a significant increase in demand due to rising air travel demand and freight activity. Furthermore, rapid urbanization and industrialization, which have already resulted in an increase in air travel in recent years, predict that this trend will continue throughout the forecast period. Many governments growing interest in expanding trade, immigration, and visa policies is expected to bring up a variety of market opportunities for aviation lubricants. Owing to above mention, global aviation lubricants has potential to grow at a higher rate in upcoming years.
Market Segmentation
Company Profiles
British Petroleum Company PLC, Royal Dutch Shell plc, Exxon Mobil Corporation, TotalEnergies SE, The Phillips 66 Company, The Chemours Company, Whitmore Manufacturing LLC, NYE Lubricants, INC., Eastman Chemical Company, Aerospace Lubricants, INC. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2022 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2030 |
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Quantitative Units |
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2030 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
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Segments Covered |
By Aircraft Type By Type By Technology By End User Region |
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Regional Scope |
Asia-Pacific, North America, Europe, Middle East & Africa,
South America |
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Country Scope |
Germany, Russia, France, Spain, Italy, United Kingdom, Poland,
Netherland, United States, Canada, Mexico, Argentina, Brazil, Colombia,
China, India, Japan, South Korea, Australia, Thailand, Qatar, Israel, Saudi
Arabia, United Arab Emirates, South Africa. |
|
Key Companies Profiled |
British
Petroleum Company PLC, Royal Dutch Shell Plc, Exxon Mobil Corporation, TotalEnergies
SE, The Phillips 66 Company, The Chemours Company, Whitmore Manufacturing
LLC, NYE Lubricants INC., Eastman Chemical Company, Aerospace Lubricants INC. |
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Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
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