Global Aviation Lubricant Market – Global Industry Analysis and Forecast (2017-2026)
Global Aviation Lubricant Market was valued US$ 1.80 Bn in 2016 and is estimated to reach US$ 2.85 Bn by 2026 at a CAGR of about 5.03 % during a forecast period.
The global aviation lubricant market can be segmented based on type, technology, aviation type, application, and geography. Based on the type, the aviation lubricant market is segmented as special lubricants and additives, hydraulic fluid, engine oil, and grease. Based on technology, the aviation lubricant market is categorized into mineral bases, and synthetic. Based on aviation type, the market can be segregated into commercial aviation, and defense aviation, and personal aviation. The application segment can be differentiated into hydraulic systems, landing gear, engine, turbines, and airframe. Based on geography, the global aviation lubricant market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa and South America.
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Growing passenger traffic, demanding aircraft orders, and military spending on aviation infrastructure, huge investments in defense by major global economies such as Russia, China, and India, is anticipated to grow the aviation lubricant market. Furthermore, amassed investments on space projects undertaken by research organizations such as Indian Space Research Organization, National Aeronautics and Space Administration, Iranian Space Agency, Korea Aerospace Research Institute and China National Space Administration is predicted to incentive the growth of aviation lubricant market during the forecast period owing to broad range of product application in spaceships.
By type, the engine oil segment is expected to grow at the high rate of CAGR in aviation lubricant market. The growth of this segment can be recognised to the expansion of advanced aircraft engines and development in the commercial aircraft fleets.
Based on technology, the synthetic segment is expected to grow at a high rate of CAGR during the forecast period owing to the growing demand for innovative lubricants to enhance the performance of an aircraft.
North America is valued to lead the global aviation lubricant market owing to the presence of the major commercial and military aircraft key players such as Boeing and Lockheed Martin. The region has the largest aircraft fleet in the world, which turns to increase the demand for aviation lubricant products. Furthermore, Asia Pacific is projected to be the large share market during the forecast period. The growth can be attributed to the surge in the fleet size of the countries in the region.
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The scope of the Global Aviation Lubricant Market
Global Aviation Lubricant Market, by Type
• Hydraulic Fluid
• Engine Oil
• Grease
• Special Lubricants and Additives
Global Aviation lubricant Market, by Technology
• Mineral-based
• Synthetic
Global Aviation lubricant Market, By Aviation Type
• Commercial Aviation
• Military Aviation
• Business and General Aviation
Global Aviation lubricant Market, By End-user Industry
• OEM
• MRO
Global Aviation lubricant Market, by Application
• Hydraulic Systems
• Engine
• Landing Gear
• Airframe
• Others
Global Aviation lubricant Market, by Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key players Global Aviation Lubricant Market
• Shell
• BP
• ExxonMobil
• Total
• The Chemours Company
• Nyco
• Lukoil
• Lanxess
• Phillips 66
• Castrol Limited
• Quaker Chemical Corporation
• Fuchs Group
• British Petroleum
• Petróleo Brasileiro S.A.
MAJOR TOC OF THE REPORT
Chapter One: Aviation Lubricant Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Aviation Lubricant Market Competition, by Players
Chapter Four: Global Aviation Lubricant Market Size by Regions
Chapter Five: North America Aviation Lubricant Revenue by Countries
Chapter Six: Europe Aviation Lubricant Revenue by Countries
Chapter Seven: Asia-Pacific Aviation Lubricant Revenue by Countries
Chapter Eight: South America Aviation Lubricant Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Aviation Lubricant by Countries
Chapter Ten: Global Aviation Lubricant Market Segment by Type
Chapter Eleven: Global Aviation Lubricant Market Segment by Application
Chapter Twelve: Global Aviation Lubricant Market Size Forecast (2019-2026)
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