According to IMARC Group’s latest report, titled “Aviation Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026; the global aviation lubricants market reached a value of US$ XX Billion in 2020. An aircraft comprises of several moving parts that are associated with the propulsion system. As a result, there is a significant rise in the utilization of aviation lubricants to eliminate friction between these metal parts and function across a wide temperature range. They aid in minimizing the wear and tear and enhancing the energy efficiency of an aircraft. Apart from this, aviation lubricants help in preventing deposit formation and protect engine parts, including elastomeric seals, O-rings, gaskets, etc., from corrosion. They usually contain antioxidants, metal deactivators, anti-corrosion and -foaming additives, viscosity index improvers, boundary lubrication additives, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The easy availability of affordable flights and better connectivity of airports are driving the aviation lubricants market. In addition to this, airlines are expanding their operating hours and commercial fleets, particularly in emerging economies, to increase profitability, which is also escalating the sales of aviation lubricants across the globe. Besides this, the growing utilization of synthetic lubricants as they ensure thermal stability and offer better performance in extreme weather conditions is further propelling the market growth. Additionally, the escalating need to enhance the fuel economy, stringent fuel emission norms, and the increasing air passenger traffic are projected to bolster the aviation lubricants market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Competitive Landscape:
- 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
- The Chemours Company.
Key Market Segmentation:
Breakup by Type:
- 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:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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