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Aviation Lubricants Market Report by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricants and Additives), Technology (Mineral-based, Synthetic), Platform (Commercial Aviation, Military Aviation, Business and General Aviation), End User (OEM, Aftermarket), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4612
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Market Overview:
The global aviation lubricants market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023 |
|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 2.2 Billion |
| Market Forecast in 2032 | US$ 3.7 Billion |
| Market Growth Rate (2024-2032) | 5.6% |
Aircraft comprises numerous moving parts that are associated with the propulsion system. As a result, there is a rise in the utilization of aviation lubricants to eliminate friction between these metal parts and function across a wide temperature range. They also assist in reducing their wear and tear and improving the energy efficiency of an aircraft. Besides this, they help prevent deposit formation and protect engine parts, such as elastomeric seals, O-rings, gaskets, and other seals, from corrosion. They generally contain antioxidants, metal deactivators, anti-corrosion and -foaming additives, viscosity index improvers, boundary lubrication additives.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Aviation Lubricants Market Trends:
Over the years, traveling via air has become more accessible to people on account of the easy availability of affordable flights and the increased frequency of flights as well as the connectivity of airports. In line with this, airlines are expanding their operating hours and commercial fleets, particularly in emerging economies, to increase profitability. This represents one of the leading factors driving the sales of aviation lubricants across the globe. Moreover, with the onset of the coronavirus disease (COVID-19), the aviation industry experienced slack on account of the implementation of travel restrictions and complete lockdown in numerous countries worldwide. However, the demand for aviation lubricants remained constant as airplanes with infrequent use also require corrosion protection. Apart from this, there is a rise in the use of synthetic lubricants as they ensure thermal stability and offer better performance in extreme weather conditions. Some of the other factors projected to strengthen the growth of the market include the escalating need to improve the fuel economy, stringent fuel emission norms and the rising air passenger traffic.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation lubricants market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, technology, platform and end user.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Hydraulic Fluid
- Engine Oil
- Grease
- Special Lubricants and Additives
Breakup by Technology:
- Mineral-based
- Synthetic
Breakup by Platform:
- Commercial Aviation
- Military Aviation
- Business and General Aviation
Breakup by End User:
- OEM
- Aftermarket
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, Whitmore Manufacturing LLC, Lanxess AG, Lukoil, Nyco, Nye Lubricants Inc. (Fuchs Petrolub SE), Rocol (Illinois Tool Works Inc.), Royal Dutch Shell plc, Tecsia Lubricants Pte Ltd and The Chemours Company.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Technology, Platform, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, Whitmore Manufacturing LLC, Lanxess AG, Lukoil, Nyco, Nye Lubricants Inc. (Fuchs Petrolub SE), Rocol (Illinois Tool Works Inc.), Royal Dutch Shell plc, Tecsia Lubricants Pte Ltd and The Chemours Company |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global aviation lubricants market was valued at US$ 2.2 Billion in 2023.
We expect the global aviation lubricants market to exhibit a CAGR of 5.6% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous production activities for aviation lubricants.
The rising demand for aviation lubricants in eliminating the friction between the metal parts, improving the energy efficiency of an aircraft, and preventing deposit formation as well as protecting engine parts, is primarily driving the global aviation lubricants market.
Based on the type, the global aviation lubricants market has been divided into hydraulic fluid, engine oil, grease, and special lubricants and additives. Currently, engine oil exhibits a clear dominance in the market.
Based on the technology, the global aviation lubricants market can be categorized into mineral-based and synthetic, where synthetic technology currently accounts for the majority of the global market share.
Based on the platform, the global aviation lubricants market has been segregated into commercial aviation, military aviation, and business and general aviation. Among these, commercial aviation holds the largest market share.
Based on the end user, the global aviation lubricants market can be bifurcated into OEM and aftermarket. Currently, aftermarket exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global aviation lubricants market include Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, Whitmore Manufacturing LLC, Lanxess AG, Lukoil, Nyco, Nye Lubricants Inc. (Fuchs Petrolub SE), Rocol (Illinois Tool Works Inc.), Royal Dutch Shell plc, Tecsia Lubricants Pte Ltd, and The Chemours Company.
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