Aviation Lubricants Market Forecasts to 2028 – Global Analysis By Type (Hydraulic Fluid, Special Lubricants, Engine Oil, Additives, Grease, Rubber, Foam, Pneumatic, Timber and Other Types), Platform, Product, Technology, Application, Sales Channel and By

Aviation Lubricants Market Forecasts to 2028 – Global Analysis By Type (Hydraulic Fluid, Special Lubricants, Engine Oil, Additives, Grease, Rubber, Foam, Pneumatic, Timber and Other Types), Platform, Product, Technology, Application, Sales Channel and By Geography

According to Stratistics MRC, the Global Aviation Lubricants Market is accounted for $2.68 billion in 2022 and is expected to reach $3.84 billion by 2028 growing at a CAGR of 6.17% during the forecast period. Lubricants are utilized in order to prevent wear and friction between two moving surfaces or sections of aircrafts. Aviation lubricant is used to lower the friction in an aviation engine. Any type of aircraft must regularly have their lubrication replenished as part of routine maintenance since it is essential to the safe running of the aircraft. Lubricants are substances that enable airplanes to run as effectively and efficiently as possible. An aviation lubricant increases the efficiency and consumes less oil. Major function of lubrication is to clean, cool, and seal to prevent corrosion and overheating.

According to International Civil Aviation Organization (ICAO), 4.3 billion passengers were carried by airlines in the year 2018 which is expected to cross 10.0 billion by the year 2040.

Market Dynamics

Driver:

Increase in consumption of synthetic lubricants

Synthetic lubricants also offer improved lubricant service life and increased resistance to frictional wear of pricey aviation components. It contains fewer impurities compared to conventional lubricants. The worldwide aviation lubricants market is propelling as a result of the assurance of thermal stability, improved energy economy, higher performances under harsh situations, and resistance to oxidation.

Restraint

Stringent regulations

The performance requirements for lubricants used in aviation are far greater than those for common lubricants used in other sectors. So, aviation lubricant makers and users must refer to the relevant technical standards for the grade of oil that is advised for use in an engine if they want to market their products to a larger consumer base. The existing product line-up of market participants is anticipated to be impacted by strict emission standards, causing them to expend significant financial and technological efforts.

Opportunity

Rise in number of airports

Air transportation is considered as the safest mode, when compared with other modes of transportation. The desire for more airports to alleviate the convenience of air travel is also predicted to be fuelled by the projected increase in global population, which fuels the market expansion.

Threat

High sensitivity to lubricant contamination

Lubricants can get contaminated as a result of poor maintenance procedures and incorrect storage. An aircraft's usage of contaminated lubricant may be fatal, especially for the engine. Some of the common poor maintenance procedures that might cause lubricating fluid contamination include improper oil mixing and service. These elements are hindering the market demand.

Covid-19 Impact

Due to travel bans and government-ordered lockdowns, the COVID-19 pandemic has had an impact on the aviation lubricants business as well as the aviation industry as a whole, which is already one of the worst-hit sectors globally. Also, the expansion of the industry has been impacted by domestic and international flight cancellations. The sector is gradually growing in the post pandemic.

The commercial aviation segment is expected to be the largest during the forecast period

The commercial aviation segment is estimated to have a lucrative growth, due to its boosted productivity. It fosters employment creation, economic expansion, and eases travel and commerce abroad. Higher win rates and improved client retention are the results. It decreases the danger of infringement on intellectual property and speeds up strategic translations. The segment's growth is fuelled by elements including employee retention, efficiency, and safety.

The engine oil segment is expected to have the highest CAGR during the forecast period

The engine oil segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its numerous benefits. Due to its use in engines to keep them lubricated, cool, and free from external pollutants, engine oil is predicted to dominate the industry. Moreover, because engine oils must carefully function within defined parameters to prevent catastrophic failure, their demand is increased by the regular replenishing of engine oils as and when necessary following a flight.

Region with largest share

North America is projected to hold the largest market share during the forecast period owing to
huge number of airline operators. Low oil costs and increased aircraft operation efficiency in this area are causing the aviation sector to expand. Also, a number of airline operators in this region are concentrating on boosting their profitability through effective utilization of their fleets of aircraft. Rise in the number of flight hours and an expansion of the aircraft fleet is fuelling the market demand in this region.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period, owing abundance of aircraft producers. The region is home to some of the leading manufacturers of air deflectors such as 3M and Continental. These market players are hugely investing for the expansion of the market. Throughout the anticipated period, the demand for aviation lubricants for usage in the commercial and general aviation sectors is anticipated to rise in Asia Pacific.

Key players in the market

Some of the key players profiled in the Aviation Lubricants Market include Aerospace Lubricants Inc, Illinois Tool Works Inc, Whitmore Manufacturing LLC, Lanxess AG, Nye Lubricants Inc, Royal Dutch Shell plc, Eastman Chemical Company, Exxon Mobil Corporation, Tecsia Lubricants Pte Ltd, The Chemours Company, Lukoil, Nyco, Crane Aerospace Inc, Zodiac Aerospace, Park Electrochemical Corporation, Phillips 66 Company and Total Group.

Key Developments

In September 2022, NYCO announced that their ranges of aerospace lubricants have been approved for use on the following Embraer commercial platforms: E-Jets, E-Jets E2 and ERJ145. NYCO and Embraer have collaborated for many years now to offer both higher performance and more affordable lubricants available for use at the São Paulo plant and in-service.

In June 2021, Eastman announced the launch of Eastman Cristal™ One, a portfolio of Resin Identification Code 1 (RIC1) resins engineered to meet the exacting demands of thick-walled packaging for luxury cosmetics. These innovative products are the first RIC1 materials that enable production of transparent jars up to 12 mm in thickness.

Types Covered:
• Hydraulic Fluid
• Special Lubricants
• Engine Oil
• Additives
• Grease
• Rubber
• Foam
• Pneumatic
• Timber
• Other Types

Platforms Covered:
• Commercial Aviation
• Military Aviation
• Business & General Aviation

Products Covered:
• Public
• Private

Technologies Covered:
• Synthetic
• Mineral Based

Applications Covered:
• Engine
• Landing Gear
• Hydraulic Systems
• Airframe
• Other Applications

Sales Channels Covered:
• Aftermarket
• OEM

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements