Aviation Lubricants Market - By Product, By Technology, By Aviation Type, By End-User, By Application, & Global Region - Market Size, Trends, Opportunity, Forecast 2022-2027
To prevent wear and tear, aviation lubricants are used to decrease the friction between aviation components that are in direct contact. Other aviation lubricants are intended to cool features, provide anti-corrosion and rust-free properties, seal gaps, etc. The smooth running of parts and components is the responsibility of lubricants, which further results in better fuel economy and engine efficiency. Aviation lubricants are ready to withstand extreme temperatures and pressures. These lubricants are used, among others, in various aviation components, such as spine shaft auxiliary drive, fan motor, control valves, bearings, seals, liquid fuel turbines, reduction gears, and wing flap actuators. Aviation lubricants are also used in space suits to seal the oxygen breathing system's valves and connectors. Deep space flights use a particular type of aviation lubricant that requires a high degree of reliability and a long lubrication life for critical components to operating smoothly without causing disturbances during high temperature or vacuum exposure. In the civil and space industries, the growth of the global market for aviation lubricants has increased.
Demand to improve fuel economy and improve efficiency by meeting fuel emission standards drives the growth of the global market for aerospace lubricants. Increasing air passenger traffic due to reduced airfares has led to an increase in the number of aircraft, which has led to a significant development in the market for aerospace lubricants. In spacecraft or rockets using high-quality aerospacious lubricants, the maintenance requirement is reduced and it seems helpful when a long life is critical to the success of the mission. The global demand for aerospace lubricants based on quality is, therefore, rising at a good pace.
Due to the growing number of commercial and private aircraft orders, the ever-increasing demand for aviation lubricants is a significant factor driving the global aviation lubrication market. In addition, advances in lubricants used in the aviation industry and increased investment by government and private organizations in the development of advanced aviation lubricants are other significant factors projected to boost the global market growth for aviation lubricants over the forecast period.
The market size for aviation lubricants is projected to increase by USD 2.11 billion by 2027, with a CAGR of 7.4 percent during the forecast period (2022-2027). The demand for better performance aerospace lubricants with value-added characteristics has resulted in intense competition from aviation companies. Therefore, aerospace lubricant manufacturers have to face particular challenges to lower costs for better-quality products to obtain higher fuel economy and increased efficiency.
There is a continuing trend in aerospace lubricants' technological developments, such as perfluoropolyether-based oil and greases, which provide an impressive list of aerospace characteristics. This oil's main feature is that it does not affect its lubricity and viscosity within the temperature range from −710 ° F to 7500 ° F. Some lubricants, such as non-flammable, non-toxic, non-evaporative, and compatible with many metals, paints, and elastomers, are available with salient features. These products increase demand and lead the market in a brighter direction for global aerospace lubricants.
Nevertheless, the high toxicity of certain types of aviation lubricants, coupled with strict environmental regulations for using these types of lubricants, are key factors limiting the growth of the global market for aviation lubricants. In addition, problems related to the use of certain high-pressure and high-altitude aviation lubricants are another major factor expected to hamper the global aviation lubricant market's growth over the forecast period.
The world market for aviation lubricants currently dominates in North America, closely followed by the European market. The presence in the region of prominent aircraft manufacturing companies such as The Boeing Company and Lockheed Martin can be attributed. Given the increased air travel preference and the appearance of several low-cost airlines in the region, the Asia-Pacific market is expected to see revenue growth as rapidly as possible. Over the forecast period, markets in Europe, Latin America, and the Middle East & Africa are projected to experience moderate growth in the global aviation lubricant market.
By Product Type
- Gas Turbine Oil
- Piston Engine Oil
- Hydraulic Fluid
By Aviation Type
- Commercial Aviation
- Military Aviation
- Business and General Aviation
- Civil aviation
By End User
- Original equipment manufacturers (OEMs)
- Maintenance, Repair and Operations (MROs)
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa
The report profiles various major market players such as
- Aerospace Lubricant Inc.
- Phillips 66
- Chevron Corporation
- FUCHS Group
- Quaker Chemical Corporation
- Total Lubricant
- Sinopec Oils
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2027: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global aviation lubricants market by the following segments:
- Aviation Type
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Aviation Lubricants Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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