Aviation Lubricants Market

About the Report

The global aviation lubricants market is poised to expand at a CAGR of around 5% during the assessment period from 2021-2031, with Asia Pacific being one of the most lucrative markets for key players.

A variety of lubricants are being utilized in the aviation and automobile sector for better performance of the engine since lubricants provide ease in mobility of the associated parts of the system such as chains and piston. In addition, lubricants reduce the chances of corrosion and fatigue failure of the piston since it reduces the contact of moisture, dust and corrosive agents with associated parts.

Moreover, lubrications are required for engines and airframe designs and it evolves concerning aircraft design and technology. Aviation lubricants are exhibit at low to high-temperature ranges from 73°C to 200°C. They are used in a wide range of commercial, military, and general applications.

Additionally, aviation lubricants are extensively utilized in automotive, aircraft/automobile maintenance sectors and various field which includes coupling of oxygen system such as manufacturing industries, valves & regulators assembly, IR sensors & optics, liquid-fuel rocket engines & ground support systems, ball bearing of wheels, electromechanical actuators, engine’s gearbox, pistons, anti-friction mounts and engine oil tanks.

Foremost objective of the report by Fact.MR on the aviation lubricants market is to pitch insights on the market scenario, demand generators, and technological advancements in this space.The report provides a taxonomy elaborating on key segments.

The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, and East Asia holding bulk of the market share.

Historical Trends Vs Future Market Projections

From 2016 to 2020, the global aviation lubricants market exhibited a value of ~US$ 910 Mn and it is expected to surpass ~US$ 1.4 Bn marks by 2031, with moderate growth rate of 5% during the assessment period. This is attributed to the fact that, demand from aerospace industry is on the rise for recent past.

However, in FY 2020 due to the COVID-19 pandemic, market growth dipped, owing to demand contraction from the aviation industry, tourism and cargo activities. Apart from this, shrinkage in demand was observed from the polymers industries and maintenance sectors as well.

Owing to these factors, demand over the long-term forecast period can be estimated by breaking the forecast timeline into three parts.

• Short-run: Moderate recovery growth is set to be observed over this term.
• Medium-run: High Demand for bio-based lubricantsis anticipated to observe over this period.
• Long-run: Alternative raw materials for production will be utilized in this period.

All in all, the aviation lubricants industry is to expand at a moderate rate of around 5% through 2031, providing a promising stance for investors in the market.

What are the Market Drivers for Aviation Lubricant Industries?

• Rising demand for air travel and cargo activities are most likely to create sufficient surge in demand for aviation lubricants. Furthermore, quick urbanization and industrialization has witnessed the surge in air travel in the past few years and anticipate to follow the same trend during the forecast period.
• Mounting interest of governments in advancing policies regarding open skies, immigration and visa to facilitate numerous market opportunities for aviation lubricants.
• Countries such as India and China have taken such initiatives, which are primarily government-driven, to boost air travel. This is likely to surge the demand for aviation lubricants.
• Utilization of aviation lubricants for commercial, military, and general applications is more likely to create significant demand for manufacturers.

What are the Market Restrains Faced by Aviation Lubricant Manufacturers?

Maintenance of aircrafts requires a lot of investment due to utilization of highly sensitive machineries. In addition the maintenance units of aircrafts requires trained, skilled and experienced personnel, which also requires considerable investments. These factors are more likely to hinder the demand for aviation lubricants.

Which Region Offers Great Potential for Aviation Lubricants?

North American region, specifically the U.S., accounts for the highest demand for aviation lubricants due to the presence of a large number of manufacturers and consumers. The utilization of lubricants in general aviation aircraft has witnessed significant sales, and most likely to remain same in upcoming years. Additionally, this region is predicted to lead the market in terms of volume and value during the assessment period.

Country-wise Analysis

Why is the U.S. a Huge Market for Aviation Lubricants?

The U.S. remains the major contributor to the growth of the aviation lubricants market, due to the presence of a large number of manufacturers and consumers. In 2019, North America retained one-third shares of global aviation lubricants market and expected to expand at a CAGR of 5% by 2031.

What Makes China the Growth Epicentre for Aviation Lubricants?

The Chinese market remains the growth epicentre for aviation lubricants, amid the government’s strong push towards developing urbanization and industrialization, which will lead to give a positive impact to air travel, will directly influence the aviation lubricants sale.

Asia Pacific region is, expanding the lubricants market at a CAGR of ~6% , which was valued at ~US$ 195 Mn in 2018, and is expected to expand 1.5X, to reach the ~US$ 335 Mn mark by the end of the forecast period of 2031.

Growing air traffic and cargo activities accounts for considerable demand in the regional market, as it is opening up a plethora of opportunities for stakeholders in market.

Category-wise Insights

Which Segment Type Accounts for Highest Demand?

The synthetic & semi synthetic segment, was valued at ~US$ 550 Mn in 2018 and expected to grow at a considerable rate and surpass the ~US$ 900 Mn mark by the end of 2031. This segment accounts for half of the aviation lubricants demand globally. Mineral oil segment is also predicted to create significant value in the global market by expanding at a CAGR of 5% during the assessment period.

Which Segment Accounts for High R&D Investments?

The rising interest of consumers for bio-based products has witnessed significant growth since past few years, due to rising awareness of environment. Aviation lubricants are exhibit at low to high temperature ranges from 73°C to 200°C, for utilizing the plant based raw materials in harsh condition is the most challenging task which requires a lot of R&D investment in upcoming years.

How are Rising Investments in R&D Shaping Demand for Aviation Lubricants?

Rising environment awareness is the main reason for utilization of alternative raw material which are extracted from renewable sources, plants and mostly consist of vegetable oil, for aviation lubricants production. Key manufactures across the globe are willing to invest in their R& D sectors for development of biodegradable, bio-based products. This will lead to create sufficient opportunities forduring forecast period.

In 2019, the bio-based lubricant segment accounted for ~13% of market share globally with sales of around ~12,000 tons and is expected to surpass ~20,000 tons by the end of 2031.

How Has COVID-19 Impacted Sales of Aviation Lubricants?

Natural disasters and pandemics such as COVID-19 are unforeseen, and have affected all economies across the globe. COVID-19 has also resulted in impacting the demand for aviation lubricants, backed by the imposition of lockdowns and demand drop from aviation industry.

Moreover, the demand for aviation lubricants is relied upon air travel and cargo activities. Demand is likely to remain muted in the next couple of years, as tourism activities accounts for the highest sales for lubricants products and it got affected by the pandemic.

Competitive Landscape

Competitive Landscape

Fact.MR has profiled the following prominent aviation lubricants manufacturers in its report:

• Honeywell International
• City Technology
• Figaro Engineering
• Nissha FIS Inc.
• SGX Sensortech
• Siemens AG
• MSA Safety Inc.
• Membrapor AG
• Makel Engineering
• Aeroqual

The aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.

• Shell opened a huge production facility for lubricants and greases in Tuas, Singapore in November 2017, for its expansion. It was the second-largest aviation lubricants plant in Asia Pacific region and third-largest in the world. The plant has the capacity to produce more than 430 millionliter of lubricants and greases every year.

Similarly, recent developments related to companies manufacturing aviation lubricants have been tracked by the team at Fact.MR, which is available in the full report.

Report Scope

Key Market Segments Covered

• Product

  • Engine Oils
    • Turbine Engine Oils
    • Piston Engine Oils
  • Hydraulic Fluids
  • Greases
  • Others

• Aircraft

  • Business Jets & Turboprop Planes
  • Large Commercial Jets
  • Piston Engine Aircraft
  • Helicopters
  • Others

• Type

  • Mineral Oils
  • Semi-synthetic & Synthetic Oils
  • Bio-based Oils
  • Others

• Sales Channel

  • OEMs
  • MROs

• Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Aviation Lubricants Market - Scope of Report

A recent study by Fact.MR on the aviation lubricants market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining market growth.

This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of aviation lubricants.

The study also provides the dynamics that are responsible for influencing the future status of the aviation lubricants market over the forecast period.

A detailed assessment of the aviation lubricants value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the aviation lubricants market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Aviation Lubricants Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the aviation lubricants market across the globe.

A comprehensive estimate on the aviation lubricants market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Fact.MR’s Aviation Lubricants Market Study

• Which are the most lucrative markets for aviation lubricants?
• Which factors will impact the growth of the aviation lubricants market?
• How will changing trends impact the strategy of market players?
• How can market players capture the low-hanging opportunities?
• Which companies are leading the aviation lubricants market?
• What are the winning strategies of stakeholders in the aviation lubricants market?

Aviation Lubricants Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the aviation lubricants market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the aviation lubricants market during the forecast period.

Country-specific valuation on demand for aviation lubricants has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Aviation Lubricants Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the aviation lubricants market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the aviation lubricants market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the aviation lubricants market report as a primary resource.