Aviation Lubricants Market - Trends Forecast Till 2028

Market Overview

The global Aviation Lubricants market size is projected to reach USD 3.5 billion by 2026 at a CAGR of 7.4% from USD 2.4 billion in 2021 during the forecast period 2021-2028.

Engine oils, hydraulic fluids, greases, and special lubricants with some special additives are used as aviation lubricants. A lubricant is used for decreasing the friction between the parts of an aircraft or any other device. The aircraft lubricants are special since they contain a group of additives like antioxidants, anti-corrosive additives etc. these help in lubricating the parts of an aircraft at extremely high temperatures.

With the increased complexities of aircrafts along with the surge in consumption of lubricating oils are some of the factors that have supported long-term expansion for Aviation Lubricants Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the trend of minimal maintenance along with decreased aviation passengers and reduced flying hours have resulted in a downfall of the market.

Regional Analysis

North America is expected to be the largest market during the forecast period. Presence of key players in the region along with lowered oil prices and increased efficiency of usage all have led to growth in the expansion of market in the region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Las Aerospace Ltd
• Tecsia Lubricants
• Ascend Aviation India
• Monroe
• Chemsol
• Petro Lubes Inc.

Recent Developments

• In August 2020, Idemitsu Kosan Co. Ltd., a Japanese petroleum company and entered into a share purchase agreement with Shell Overseas Holdings Limited and sold all its share to the company.
• In January 2020, Eastman Chemical Company signed an offtake pact with Gulf Coast Ammonia and Air Products, Inc., wherein the GCA will lease a portion of Eastman’s Texas City site, and Air Products will build, own, and operate at Eastman’s Texas City site, it's steam methane reformer.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Aviation Lubricants market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope