The Global Aviation Lubricant Market was worth US$ 2.2 billion in 2019 and the estimated CAGR for the duration 2020 and 2030 is 4.3%.The aviation industry has witnessed prominent growth during the past decade owing to increased investment in development of advanced aircrafts and associated components.
The number of military and commercial aircraft deliveries has increased significantly to strengthen the air power and to meet the rising demand for increased air traffic respectively. Aviation lubricants play a vital role in smooth operation of an aircraft and are used to reduce friction and wear & tear of moving elements.
Additionally, aviation lubricants also facilitate cleaning, sealing, cooling, and resistance to corrosion and rusting of different weather elements. This has contributed significantly towards the growth of the global aviation lubrication during past decade. Increased investment in military aviation, development of advanced aircraft engines, and increased development of advanced lubricants to improve aircraft performance is anticipated to bolster the growth of the global aviation lubricant market during the forecast period.
Asia Pacific contributed the largest share to the global aviation lubricant market in terms of revenue in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to the expansion of commercial aircrafts and increased military spending across major countries. The passenger movement across the Asian countries has increased significantly owing to declining air fare and rising per capita spending. This is expected to contribute towards the growth in number of commercial aircrafts across the region, thereby fueling the growth of aviation lubricant market.
North America contributed a prominent share to the global market with major contribution from MRO applications across commercial and military aviation. Presence of leading aircraft manufacturers across the United States is anticipated to contribute towards the growth of North America aviation lubricant market during the forecast period.
Aviation Lubricants Market Share Analysis, by Geography (2022)
The report titled “Aviation Lubricants Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global aviation lubricants market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global aviation lubricants market is segmented on the basis of type, technology, aviation type, applications, end users, and geography. Based on type, the global aviation lubricants market is segmented into hydraulic fluid, engine oil, grease, and others. Based on technology, the global aviation lubricant market is segmented into mineral-based aviation lubricant and synthetic aviation lubricant. Based on aviation type, the global aviation lubricant market is segmented into military aviation, commercial aviation, general aviation, business aviation, and others. Based on applications, the global aviation lubricants market is segmented into hydraulic systems, engine, landing gear, airframe, and others. Based on end user, the global aviation lubricant market is segmented into aircraft original equipment manufacturers (OEMs) and maintenance, repair, and operations (MRO). Based on geography, the global aviation lubricants market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on aviation lubricants. Further, market share of prominent companies in the global aviation lubricants market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the aviation lubricants companies.
The global aviation lubricants market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the aviation lubricants business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global aviation lubricants market.
Major players active in the global aviation lubricants market include Aerospace Lubricants Inc, bp p.l.c., CASTROL LIMITED, Chevron Corporation, China Petroleum & Chemical Corporation, Eastman Chemical Company, Exxon Mobil Corporation, FUCHS, Inox Lubricants, Lanxess AG, NYCO, Nye Lubricants, Inc., Petróleo Brasileiro S.A., Phillips 66 Company, Quaker Chemical Corporation, Royal Dutch Shell PLC, The Chemours Company, The PJSC Lukoil Oil Company, and Total S.A.
Segmentation:
By Type
By Technology
By Aviation Type
By Applications
By End Users
By Geography
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