The Future of Aviation Lubricant Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Aviation Lubricant to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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The Market is Segmented by Type (Hydraulic Fluid, Engine Oil, Grease, and Special Lubricants and Additives), by Aviation Type (Commercial Aviation, Military Aviation, and Business and General Aviation), by Technology Type (Mineral-Based, Synthetic), by End-User Type (OEM, MRO), by Application Type (Hydraulic Systems, Engine, Landing Gear, Airframe, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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Type Segment
Based on the type, the market is segmented as hydraulic fluid, engine oil, grease, and special lubricants and additives. The engine oil segment is estimated to register the highest growth in the coming five years. The growth of this segment is owing to the progression of advanced aircraft engines and the rise in the commercial aircraft fleets.

Aviation Type Segment
Based on the aviation type, the market is segmented as commercial aviation, military aviation, and business and general aviation. The military aviation segment is expected to witness the highest growth during the forecast period. The growth of this segment is fueled by the rising number of aircraft orders for military aviation across the globe.

Technology Type Segment
Based on the technology type, the market is segmented as mineral-based and synthetic. The synthetic segment is expected to register a higher growth during the forecast period. This growth can be ascribed to the growing demand for advanced lubricants to improve the performance of an aircraft.

End-User Type Segment
Based on the end-user type, the market is segmented as OEM and MRO. The MRO segment was estimated to remain dominant in 2018. The growth of this segment is owing to the rise in the aircraft fleet of the emerging economies in the commercial and military aviation sectors, during the forecast period.

Application Type Segment
Based on the application type, the market is segmented as hydraulic systems, engine, landing gears, airframe, and others. The engine segment was estimated to impose the aviation lubricant market in 2018. The growth of this segment was attributed to the increase in the use of specialized and advanced lubricants.

Region Wise Segment
In terms of regions, North America was estimated to remain dominant in the global aviation lubricant market in 2018. Giant commercial and military aircraft manufacturers, such as Boeing (US) and Lockheed Martin (US) are based in North America. Also, the region holds the largest aircraft fleet in the world, and thus, creates a huge demand for aviation lubricant products. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Highlights of the Report:
Aviation lubricant market is likely to witness an impressive CAGR of 7.2% during the forecast period. This unprecedented growth is owing to the rising aircraft orders driven by the snowballing passenger traffic globally. Escalating attention on improved efficiency of aircraft systems is also driving the growth of the global aviation lubricant market.

Some of the major players in the aviation lubricant market are BP plc, Candan Industries, Eastman Chemical Company, Exxon Mobil Corporation, Lanxess Aktiengesellschaft, The PJSC Lukoil Oil Company, The Phillips 66 Company, The Chemours Company, Royal Dutch Shell, and Nye Lubricants, Inc.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
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This release was published on openPR.