Aviation Lubricants Market by Type (Hydraulic Fluid, Engine Oil, Grease, and Others), Material (Synthetic, and Mineral-Based), Aircraft Type (Military, and Commercial), Application (Engine, Hydraulic Systems, Landing Gear, Airframe, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026218 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 800.0 million mark in 2022 and is expected to hit US$ 1,277.4 million by 2030, recording a CAGR of 6.0% during the forecast period.

Aviation lubricants market has been significantly growing with the increasing frequency of flights

Aviation lubricants are developed for a broad range of applications such as engine components like bearings, gears, camshaft, rocker arms, cylinder walls, piston rings, push rods, and sockets and have added properties for engine cooling, cleanliness, and corrosion inhibition. The rise in disposable income of customers has led to shift in preferences from other modes of transport to air travel. The passengers prefer to travel by air rather than road and sea, due to safety, convenience and less travel time, which makes it a reliable mode of transport. According to the data obtained from International Civil Aviation Organization (ICAO), there were 4.3 billion airline passengers in 2018, whereas it is expected to reach 10 billion by 2040. The increase in passengers lead to increase in aircraft fleet size and flight frequency. The increased aircraft fleet size leads to rise in maintenance services. Therefore, the increase in aircraft fleet size and maintenance services is anticipated to grow global aviation lubricants market.

Within the report, the market is segmented into type, material, aircraft type, application and geography. By type, the market is further divided into hydraulic fluid, engine oil, grease, and others. On the basis of material, the market is bifurcated into synthetic and mineral-Based. By aircraft type, the market is further divided into military and commercial. By application, the market is further divided into engine, hydraulic systems, landing gear, airframe and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

Rise in number of airports

The increasing global population is expected to create demand for additional airports for facilitation of air transportation. The high investment in the airline industry is also forecasted to cater to the requirement of building and construction of new airports in developing countries. The government in many countries is strengthening its military positions by developing novel and efficient military aircrafts and air bases. Therefore, increasing number of private airports and private jets along with huge investment in commercial and military aircrafts is expected to increase the demand for aviation lubricants. 

Rise in demand for utilization of synthetic lubricants

The synthetic lubricants utilized for aviation lubrication possess various properties such as thermal stability, high energy efficiency, high performance in adverse conditions and better oxidation resistance. Synthetic lubricants also have improved resistance to frictional wear of expensive elements of aircraft, along with better service life. The sophisticated aircrafts with sophisticated subsystems require efficient lubrication to avoid system failure. The lubrication of aircraft components increases its life and reliability of integrated systems. These factors are responsible for fueling the growth of aviation lubricants.

 

Recent strategic developments in aviation lubricants market

The aviation lubricants market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Mesa Airlines signed contract (5 year) with Boeing and ExxonMobil for utilization of Mobil Jet Oil II and Mobil HyJet IV-Aplus for its fleet of more than 160 aircraft.
  • In April 2021, Nyco launched Nyco Grease GN 3058. The product is high temperature grease for highly loaded application. The product is based on lithium complex and shows anti-corrosion properties along with high performance.
  • In April 2019, LANXESS launched an organic lubricant additive, Additin RC 3502. The product aims to reduce friction and deliver high performance along with anti-wear protection.

 

The aviation lubricants market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Shell PLC, BP PLC, Exxon Mobil Corporation, TotalEnergies Company and LANXESS are among the prominent players operating in the market.

 

 

Target audience for the report:

  • Raw material providers
  • Aviation lubricants manufacturers
  • Aviation lubricants -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Aviation lubricants suppliers
  • Aviation lubricants distributors and sales firms
  • End users of aviation lubricants
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Hydraulic Fluid
    • Engine Oil
    • Grease
    • Others
  • Material:
    • Synthetic
    • Mineral-Based
  • Aircraft Type:
    • Military
    • Commercial
  • Application:
    • Engine
    • Hydraulic Systems
    • Landing Gear
    • Airframe
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Shell PLC
    • BP PLC
    • Exxon Mobil Corporation
    • TotalEnergies Company
    • LANXESS

Companies profiled

- Shell PLC
- BP PLC
- Exxon Mobil Corporation
- TotalEnergies Company
- LANXESS

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$2000
Site License
$3000
Enterprise License
$4000