Introduction of airliners powered by new engines, particularly designed to curb fuel burn and emissions, has led to a demand uptick for equally new generation of aviation lubricants. New jet engines run faster, hotter, and are bigger in size, stressing aviation lubricants like never before. This has been fuelling demand for high thermal stability lubricants. Driven by these factors, the aviation lubricants market is forecast to rise at a steady pace. Fact.MR, in a new study, has projected the aviation lubricants market to surge at a 5% CAGR from 2020 and 2030.
Thanks to lowering airfares, air passenger traffic is poised to increase consistently. Steered by this, the aviation industry has been seeking out technologies that will allow them to cover greater distance with the same amount of fuel. Consequently, demand for lubricants that ensure greater fuel efficiency is set to increase.
Increase in Air Traffic Boosting Growth
According to the International Civil Aviation Organization, in 2018, nearly 4.3 billion passengers opted for air transport for their business tourism, travel plans, or simply to fly between cities and countries. The yearly total number of passengers choosing air transport has been surging at a steady pace. Increase in air traffic due to the rapidly growing aviation industry is fuelling demand for various kinds of aviation lubricants such as engine oils, hydraulic fluids, greases, and others all over the world.
Aviation lubricants are highly efficient in providing a fluid barrier between the moving parts of aircraft such as business jets & turboprop planes, large commercial jets, helicopters, defense aircraft, and others. They also help in preventing friction and wear & tear. Spurred by these factors, the aviation lubricants market will witness growth at a positive rate through the forecast period.
Aviation Lubricants Market Insights by Aircraft
Large commercial jets have emerged dominant among aircraft. With expansion of the civil aviation sector, demand for large commercial jets is set to increase. These aircraft are used for transporting goods. Besides this, commercial jets are also used for passenger flights from one location to another. Increasing number of aircraft passengers in high potential markets such as India and China will particularly aid in expansion of the segment. People in these countries have become more willing to spend on comfortable and faster modes of travel. Resultantly, growth witnessed in the large commercial jets segment will fuel demand for aviation lubricants over the coming years.
Aviation Lubricants Market Insights by Type
Presently, semi-synthetic & synthetic oils are leading in terms of type. These oils are preferred in the aviation industry due to their excellent low- and high-temperature viscosity performance. These types of oils are widely used as a substitute for petroleum-refined oils, and can resist extreme temperatures. Synthetic oils also offer better resistance to oil sludge problems, and offer protection against thermal breakdown, oxidation, and others problems, which is why they are highly preferred for use in aircraft jet engines.
As per the recent study by Fact.MR, demand for mineral oils and bio-based oils too is expected to rise over the forecast period. Rising environmental concerns are expected to fuel demand for bio-based oils over the coming years, thereby aiding the expansion of the aviation lubricants market size.
Aviation Lubricants Market Insights by Product
Engine oils have been in high demand among the aviation lubricants available in the market. A good quality engine oil helps in improving fuel performance and efficiency, ensures maximum engine life, cleaner engine, and has various other advantages that are very crucial in operating diverse types of aircraft, from helicopters to piston engine aircraft.
For more valuable insights on regional markets for aviation lubricants, request a report sample
Regional Outlook of Aviation Lubricants Market
Currently, North America is leading the global aviation lubricants market share, and is expected to remain dominant through the forecast period. North America boasts of the second-largest commercial aviation fleet in the world, which explains the high demand for aviation lubricants recorded in the region. Also, increase in number of domestic passengers, especially in countries such as the U.S, Canada, and others, are boosting the North America market further.
Europe too exhibits lucrative prospects for market growth. France, the U.K., and Italy have emerged as attractive markets for aviation lubricants in the region. Driven by the high availability of raw materials and surging passenger traffic, the Europe aviation lubricants market is set to record impressive growth.
In Asia Pacific, the market will gain from demand in China, Japan, North Korea, and others countries. Rising number of space programs and various other related initiatives will aid the expansion of the aviation lubricants market in the region.
COVID-19 Impact on Aviation Lubricants Market
Outbreak of the novel coronavirus has negatively impacted the aviation industry this year. Bans imposed on air travel during extended periods of lockdowns and restrictions have continued in the sector even after lockdowns ordered were lifted, which has impacted the aviation lubricants market as well. Furthermore, factors such as shutting down of manufacturing hubs during lockdown periods, unavailability of labor, scarcity of raw materials, non-operational logistics sector, and other such factors have been restraining the growth of the aviation lubricants market.
According to Fact.MR, with a potent vaccination program in place, the aviation lubricants market is expected to gain back its potential by the end of 2021 or beginning of 2022.
Aviation Lubricants Market: Competitive Landscape
Key companies operating in the aviation lubricants market are-
- Royal Dutch Shell Plc.
- ExxonMobil Corporation
- Total Group
- NYCO
- Eastman Chemical Company
- The Chemours Company
- Phillips 66 Company
- Nye Lubricants, Inc.
The aviation lubricants market is highly consolidated in nature, with a handful of players accounting for the lion’s share. Companies operating in the market are launching next generation aviation lubricants to gain a competitive advantage.
- For instance, Total Group launched its propulsion system lubricants in the total aero range, which include dispersive and non-dispersive low-ash solutions using both, semi-synthetic and mineral base stock.
- NYCO launched its new comprehensive range of specialized lubricants and synthetic esters for aeronautics, defense, and a wide range of industrial applications. NYCO aviation lubricants are also certified and approved by aircraft, engine, and original equipment manufacturers and authorities, and are compliant with international standards and specifications.
The Analyst’s Viewpoint
“The aviation industry is growing with increase in air travel and technical innovations. Synthetic & semi-synthetic oils are gaining traction due their application across business jets & turboprop planes, helicopters, and piston engine aircraft. Over the coming years, however, bio-based oils are likely to enjoy the spotlight, especially on account of soaring environmental concerns.”
Aviation Lubricants Market – Scope of the Report
Fact.MR has published an exclusive forecast report on the aviation lubricants market for 2020 to 2030. The foremost objective of this report is to pitch insights on the market scenario, demand generators, and technological advancements in the aviation lubricants market. Also, the study addresses key dynamics expected to diversify the sales and future prominence of the market.
The report begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the aviation lubricants market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the aviation lubricants market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for aviation lubricants.
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.
Aviation Lubricants Market – Segmentation
Fact.MR’s research study assesses the global aviation lubricants market in terms of aircraft, type, product, sales channel, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the global aviation lubricants market.
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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.
1. Executive Summary
1.1. Key Findings
1.1.1. Overall Aviation Lubricants Market
1.1.2. Segment Overview
1.1.3. Regional Overview
1.1.4. Fact.MR Recommendation
1.2. Summary of Statistics
1.3. Market Characteristics and Attributes
2. Market Overview
2.1. Introduction and Definition
2.2. Research Scope
3. Market Background
3.1. Regional Opportunity Assessment in Aviation Lubricants Market
3.2. Scenario Based Forecast
3.2.1. Market Forecast under Optimistic Scenario
3.2.2. Market Forecast under Likely Scenario
3.2.3. Market Forecast under Conservative Scenario
3.3. Value Chain Analysis
3.3.1. List of End-uses
3.3.2. List of Manufacturers
3.3.3. List of Retailers
3.3.4. Profit Margin
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Buyers
3.4.2. Bargaining Power of End-uses
3.4.3. Threat of Substitute Products
3.4.4. Threat of New Entrants
3.4.5. Intensity of Rivalry
3.5. PESTEL Analysis
3.6. Investment Feasibility Assessment
3.6.1. Investment Feasibility for Aviation Lubricants Market Mapped on Product Life Cycle
3.7. Market Dynamics
3.7.1. Market Drivers
3.7.2. Market Restraints
3.7.3. Opportunity Windows
3.7.4. Key Trends
4. Covid 19 Impact Assessment
4.1. Demand Erosion in Aviation Lubricants Market
4.2. Aviation Lubricants Market Shrink and Recovery Trend Assessment, by Region
4.3. Aviation Lubricants Market Recalibrated Market and Growth Assessment, by Region
5. Global Aviation Lubricants Market Pricing Analysis
5.1. Price Point Assessment
5.1.1. Weighted Average Pricing (2020), by Region
5.1.2. Key Factors Influencing Aviation Lubricants Pricing
5.1.3. Price Benchmark by Region
5.1.4. Price Benchmark by Product
5.2. Price Point Analysis
5.2.1. Competitive Group Wise Prices
5.3. Distribution Channel Effect on Pricing
6. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030)
6.1. Market Overview
6.2. Introduction to Market Statistics
6.2.1. Global Aviation Lubricants Market Value (US$ Mn)
6.2.2. Global Aviation Lubricants Cumulative Historical Market and Absolute $ Opportunity
6.3. Y-o-Y Growth and Incremental Opportunity
6.4. Absolute Dollar Historical Market and Absolute Dollar Opportunity
7. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030), by Aircraft
7.1. Introduction
7.1.1. Aviation Lubricants Aircraft Definition
7.1.1.1. Mounting Structures
7.1.1.2. Face Pads
7.1.1.3. Others
7.1.2. Aviation Lubricants Market Key Findings, by Aircraft
7.1.2.1. Absolute $ Opportunity (2020 – 2030)
7.1.2.2. Market Share and BPS Analysis
7.1.2.3. Y-o-Y Growth Projections
7.1.2.4. Market Attractiveness Analysis
7.2. Global Aviation Lubricants Market Regional Market Share Comparison, by Aircraft
7.3. Global Aviation Lubricants Brand Mapping, by Aircraft
8. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030), by Type
8.1. Introduction
8.1.1. Type Definition
8.1.1.1. Rubber
8.1.1.2. Pneumatic
8.1.1.3. Foam
8.1.1.4. Timber
8.1.1.5. Others
8.1.2. Aviation Lubricants Market Key Findings, by Type
8.1.2.1. Absolute $ Opportunity (2020 – 2030)
8.1.2.2. Market Share and BPS Analysis
8.1.2.3. Y-o-Y Growth Projections
8.1.2.4. Market Attractiveness Analysis
8.2. Global Aviation Lubricants Market Regional Market Share Comparison, by Type
8.3. Global Aviation Lubricants Brand Mapping, by Type
9. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030), by Product
9.1. Introduction
9.1.1. Aviation Lubricants Definition
9.1.1.1. Public
9.1.1.2. Private
9.1.2. Aviation Lubricants Market Key Findings, by Product
9.1.2.1. Absolute $ Opportunity (2020 – 2030)
9.1.2.2. Market Share and BPS Analysis
9.1.2.3. Y-o-Y Growth Projections
9.1.2.4. Market Attractiveness Analysis
9.2. Global Aviation Lubricants Market Regional Market Share Comparison, by Product
9.3. Global Aviation Lubricants Brand Mapping, by Product
10. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030), by Sales Channel
10.1. Introduction
10.1.1. Aviation Lubricants Definition
10.1.1.1. Passenger Sales Channels
10.1.1.2. Commercial Sales Channels
10.1.2. Aviation Lubricants Market Key Findings, by Sales Channel
10.1.2.1. Absolute $ Opportunity (2020 – 2030)
10.1.2.2. Market Share and BPS Analysis
10.1.2.3. Y-o-Y Growth Projections
10.1.2.4. Market Attractiveness Analysis
10.2. Global Aviation Lubricants Market Regional Market Share Comparison, by Sales Channel
10.3. Global Aviation Lubricants Brand Mapping, by Sales Channel
11. Global Aviation Lubricants Market Analysis (2016 - 2019) and Forecast (2020 – 2030), by Region
11.1. Introduction
11.1.1. Aviation Lubricants Regional Coverage
11.1.1.1. North America
11.1.1.2. Latin America
11.1.1.3. Europe, Middle East & Africa (EUROPE)
11.1.1.4. Asia Pacific
11.1.2. Aviation Lubricants Market Key Findings
11.1.2.1. Absolute $ Opportunity (2020 – 2030)
11.1.2.2. Market Share and BPS Analysis
11.1.2.3. Y-o-Y Growth Projections
11.1.2.4. Market Attractiveness Analysis
11.2. Global Aviation Lubricants Market Regional Market Share Comparison, by Region
12. North America Aviation Lubricants Market Analysis and Forecast
12.1. Overview
12.2. Market Value & Volume Forecast and Analysis
12.2.1. By Country
12.2.1.1. U.S.
12.2.1.2. Canada
12.2.2. By Aircraft
12.2.3. By Type
12.2.4. By Product
12.2.5. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.1.1. U.S.
12.3.1.2. Canada
12.3.2. By Aircraft
12.3.3. By Type
12.3.4. By Product
12.3.5. By Sales Channel
12.4. Y-o-Y Growth Comparison
12.5. Associated Industry Indicators
12.6. Brand Presence By Country – Heat Map Analysis
12.7. North America Aviation Lubricants Market Brand Mapping
13. Latin America Aviation Lubricants Market Analysis and Forecast
13.1. Overview
13.2. Market Value & Volume Forecast and Analysis
13.2.1. By Country
13.2.1.1. Brazil
13.2.1.2. Mexico
13.2.1.3. Columbia
13.2.1.4. Rest of Latin America
13.2.2. By Aircraft
13.2.3. By Type
13.2.4. By Product
13.2.5. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Columbia
13.3.1.4. Rest of Latin America
13.3.2. By Aircraft
13.3.3. By Type
13.3.4. By Product
13.3.5. By Sales Channel
13.4. Y-o-Y Growth Comparison
13.5. Associated Industry Indicators
13.6. Brand Presence By Country – Heat Map Analysis
13.7. Latin America Aviation Lubricants Market Brand Mapping
14. Asia Pacific Aviation Lubricants Market Analysis and Forecast
14.1. Overview
14.1.1. Aviation Lubricants Consumption Hotspots in Asia Pacific
14.2. Market Value & Volume Forecast and Analysis
14.2.1. By Country
14.2.1.1. China
14.2.1.2. India
14.2.1.3. Japan
14.2.1.4. Malaysia
14.2.1.5. Rest of Asia Pacific
14.2.2. By Aircraft
14.2.3. By Type
14.2.4. By Product
14.2.5. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.1.1. China
14.3.1.2. India
14.3.1.3. Japan
14.3.1.4. Malaysia
14.3.1.5. Rest of Asia Pacific
14.3.2. By Aircraft
14.3.3. By Type
14.3.4. By Product
14.3.5. By Sales Channel
14.4. Y-o-Y Growth Comparison
14.5. Associated Industry Indicators
14.6. Brand Presence By Country – Heat Map Analysis
15. Europe, Aviation Lubricants Market Analysis and Forecast
15.1. Overview
15.1.1. Aviation Lubricants Consumption Hotspots in EUROPE
15.2. Market Value & Volume Forecast and Analysis
15.2.1. By Country
15.2.1.1. UK
15.2.1.2. Germany
15.2.1.3. France
15.2.1.4. Italy
15.2.2. By Aircraft
15.2.3. By Type
15.2.4. By Product
15.2.5. By Sales Channel
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.1.1. UK
15.3.1.2. Germany
15.3.1.3. France
15.3.1.4. Italy
15.3.2. By Aircraft
15.3.3. By Type
15.3.4. By Product
15.3.5. By Sales Channel
15.4. Y-o-Y Growth Comparison
15.5. Associated Industry Indicators
15.6. Brand Presence By Country – Heat Map Analysis
16. Global Aviation Lubricants Market Analysis Key Countries
16.1.1. US
16.1.1.1. Market Value Analysis and Forecast
16.1.1.2. Market Share, by Aircraft, 2019
16.1.1.3. Market Share, by Product, 2019
16.1.2. Canada
16.1.2.1. Market Value Analysis and Forecast
16.1.2.2. Market Share, by Aircraft, 2019
16.1.2.3. Market Share, by Product, 2019
16.1.3. UK
16.1.3.1. Market Value Analysis and Forecast
16.1.3.2. Market Share, by Aircraft, 2019
16.1.3.3. Market Share, by Product, 2019
16.1.4. Germany
16.1.4.1. Market Value Analysis and Forecast
16.1.4.2. Market Share, by Aircraft, 2019
16.1.4.3. Market Share, by Product, 2019
16.1.5. France
16.1.5.1. Market Value Analysis and Forecast
16.1.5.2. Market Share, by Aircraft, 2019
16.1.5.3. Market Share, by Product, 2019
16.1.6. Italy
16.1.6.1. Market Value Analysis and Forecast
16.1.6.2. Market Share, by Aircraft, 2019
16.1.6.3. Market Share, by Product, 2019
16.1.7. China
16.1.7.1. Market Value Analysis and Forecast
16.1.7.2. Market Share, by Aircraft, 2019
16.1.7.3. Market Share, by Product, 2019
16.1.8. India
16.1.8.1. Market Value Analysis and Forecast
16.1.8.2. Market Share, by Aircraft, 2019
16.1.8.3. Market Share, by Product, 2019
16.1.9. Japan
16.1.9.1. Market Value Analysis and Forecast
16.1.9.2. Market Share, by Aircraft, 2019
16.1.9.3. Market Share, by Product, 2019
16.1.10. Brazil
16.1.10.1. Market Value Analysis and Forecast
16.1.10.2. Market Share, by Aircraft, 2019
16.1.10.3. Market Share, by Product, 2019
16.1.11. Mexico
16.1.11.1. Market Value Analysis and Forecast
16.1.11.2. Market Share, by Aircraft, 2019
16.1.11.3. Market Share, by Product, 2019
16.1.12. Columbia
16.1.12.1. Market Value Analysis and Forecast
16.1.12.2. Market Share, by Aircraft, 2019
16.1.12.3. Market Share, by Product, 2019
17. Competition Landscape
17.1. Global Aviation Lubricants Market Competition Dashboard
17.2. Global Aviation Lubricants Market Tier Structure
17.2.1. Market Structure in 2019
17.2.2. Anticipated Market Structure in 2030
17.3. Global Aviation Lubricants Market Share Analysis
17.4. Key Players Market Presence, by Region (Geographical Footprint)
18. Competition Analysis
18.1. Royal Dutch Shell Plc
18.1.1. Company Overview
18.1.2. Regional Presence
18.1.3. Product Portfolio
18.1.4. Key Strategies
18.1.5. Notable Company Developments
18.1.6. SWOT Analysis
18.2. ExxonMobil Corporation
18.2.1. Company Overview
18.2.2. Regional Presence
18.2.3. Product Portfolio
18.2.4. Key Strategies
18.2.5. Notable Company Developments
18.2.6. SWOT Analysis
18.3. Total Group
18.3.1. Company Overview
18.3.2. Regional Presence
18.3.3. Product Portfolio
18.3.4. Key Strategies
18.3.5. Notable Company Developments
18.3.6. SWOT Analysis
18.4. NYCO
18.4.1. Company Overview
18.4.2. Regional Presence
18.4.3. Product Portfolio
18.4.4. Key Strategies
18.4.5. Notable Company Developments
18.4.6. SWOT Analysis
18.5. Lalizas Italia s.r.l.
18.5.1. Company Overview
18.5.2. Regional Presence
18.5.3. Product Portfolio
18.5.4. Key Strategies
18.5.5. Notable Company Developments
18.5.6. SWOT Analysis
18.6. Eastman Chemical Company
18.6.1. Company Overview
18.6.2. Regional Presence
18.6.3. Product Portfolio
18.6.4. Key Strategies
18.6.5. Notable Company Developments
18.6.6. SWOT Analysis
18.7. The Chemours Company
18.7.1. Company Overview
18.7.2. Regional Presence
18.7.3. Product Portfolio
18.7.4. Key Strategies
18.7.5. Notable Company Developments
18.7.6. SWOT Analysis
18.8. Phillips 66 Company
18.8.1. Company Overview
18.8.2. Regional Presence
18.8.3. Product Portfolio
18.8.4. Key Strategies
18.8.5. Notable Company Developments
18.8.6. SWOT Analysis
18.9. Nye Lubricants, Inc
18.9.1. Company Overview
18.9.2. Regional Presence
18.9.3. Product Portfolio
18.9.4. Key Strategies
18.9.5. Notable Company Developments
18.9.6. SWOT Analysis
19. Appendix
20. Definitions of Analytical Frameworks
21. Sources and References
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Aviation Lubricants Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030