Aircraft Lubricant Market estimated to grow at a CAGR of 5.3% in the forecast period (2018-2023)

The report on the Aircraft Lubricant Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Lubricant Market is expected to inflate at a CAGR of 5.3% by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
●by Lubricant Type (Hydraulic Fluid, Engine Oil , and Others)
●by Application Type (Hydraulic Systems, Engine, and Others)
●by End-User Type (OE and MRO)
● by Technology Type (Mineral-Based Lubricants and Synthetic Lubricants)- Synthetic lubricants to witness the highest growth of the market.
● by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)- Commercial aircraft remains the growth engine of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/355/Aircraft-Lubricant-Market.html

Highlights of the Report:
Based on the aircraft type, the market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation. Commercial aircraft is projected to remain the growth engine of the market during the forecast period, driven by a host of factors including rising commercial aircraft fleet in all four regions, increasing production of fuel-efficient commercial aircraft, the market entry of players, and advancement in lubricants.

Military aircraft, another major segment, is also likely to generate sizeable opportunities for lubricant players in the coming five years. Rising demand for fifth-generation combat aircraft, such as Lockheed Martin F-35, increasing defense budget of the developing economies, such as China and India, to protect their geographical territories, are among the major drivers for growth in the military aircraft segment.

Based on the application type, the market is segmented into Hydraulic Systems, Engine, Landing Gear, Airframe, and Others. In 2017, the engine segment dominates the market and is expected to remain the largest segment during the forecast period. Introduction of lightweight and fuel-efficient engines including LEAP and GE9x along with an increased usage of specialized and advanced lubricants is mainly driving the demand for lubricants in the segment.

Based on the technology type, the aircraft lubricant market is segmented into Synthetic and Mineral-based Lubricants. Synthetic lubricants are expected to witness the higher growth in the global aircraft lubricant market over the next five years, owing to an increasing need to enhance the performance of an aircraft by utilizing advanced lubricants.

Based on the regions, North America is expected to remain the largest market for aircraft lubricants during the forecast period. The region has the presence of major aircraft manufacturers, such as Boeing, Bombardier, Lockheed Martin, Bell Helicopter and Sikorsky Aircraft Corporation. The region also owns one of the largest fleets of commercial aircraft and the largest fleet of regional, general aviation, and military aircraft. There has been a sizeable increase in the air passenger traffic in the region, which is likely to five an additional impetus to the demand for lubricants in the region.

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Key Players of the Market
The key aircraft lubricants manufacturers for the aircraft industry are Exxon Mobil, Total S.A., BP plc., The Chemours Company, Royal Dutch Shell plc, Lanxess, Lukoil, Phillips 66, Candan Industries, Nye Lubricants, and Eastman Chemical.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.