Press release
Aviation Lubricants Market Worth $2.84 Billion by 2027 | What are the projections for the future that would help in taking further strategic steps?
According to the report published by Allied Market Research, the global aviation lubricants market estimated $2.24 billion in 2019, and is projected to reach $2.84 billion by 2027, manifesting a CAGR of 6.2% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/8295
COVID-19 Scenario:
• The aerospace industry was amongst the worst-hit industries during the pandemic. This in turn reduced the demand for aviation lubricants significantly.
• The outbreak of the pandemic led to suspend the manufacturing activities of lubricants. At the same time, disruptions in the supply chain resulted into a shortage of raw materials.
• As governments have allowed to restart domestic and international travel, the demand for aviation lubricants is expected to grow gradually.
•
Get Detailed COVID-19 Impact Analysis on the Aviation Lubricants Market Request Now!
The global aviation lubricants market is segmented into type, technology, end user, application, platform, and region. Based on type, the engine oil segment held the largest share in 2019, with nearly half of the global aviation lubricants market, and is anticipated to maintain its leadership status during the forecast period. On the other hand, the special lubricants & additives segment is estimated to manifest the fastest CAGR of 8.2% from 2020 to 2027. The report also involves hydraulic fluid and grease segments.
Based on technology, the market is segmented into mineral based and synthetic. The synthetic segment accounted for the highest share in 2019, with more than half of the global market, and would continue its dominance by 2027. At the same time, the mineral-based segment is estimated to manifest the highest CAGR of 6.8% during the forecast period.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/8295
Based on region, the global aviation lubricants market is studied across North America, Asia-Pacific, LAMEA, and Europe. The Asia-Pacific region held the largest revenue share, with nearly one-third of the global market in 2019, and would lead the trail during the forecast period. However, the market across LAMEA is expected to grow at the fastest CAGR of 8.0% from 2020 to 2027.
Leading market players in the global aviation lubricants market report include Exxon Mobil Corporation, Aerospace Lubricants, Inc., The Chemours Company, Royal Dutch Shell plc, NYCO, LANXESS, LUKOIL, Nye Lubricants, Inc., Eastman Chemical Company, ROCOL, and JET-LUBE.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/8295
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aviation Lubricants Market Worth $2.84 Billion by 2027 | What are the projections for the future that would help in taking further strategic steps? here
News-ID: 2247744 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Lubricants
India Industrial Lubricants Market Drivers: Apar Industries, Valvoline Cummins, …
The India industrial lubricants market is poised for significant expansion, with its valuation anticipated to climb from an estimated USD 59.4 billion in 2025 to a remarkable USD 86.8 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 3.8%. This impressive trajectory is fundamentally driven by increased domestic manufacturing, substantial infrastructure investment, and rising awareness of predictive maintenance practices across key industries such as steel, cement, textiles, and…
Biodegradable Lubricants Will Support Demand for Agricultural Lubricants
The material known as a lubricant is used to lessen friction or abrasion between two surfaces that are in touch with one another. It is accessible in solid, liquid, and gaseous states and aids in the removal of heat and the transition of power.
Semisolid versions of them can also be discovered. Grease is one of the most typical types of lubricants in a semisolid form. To boost productivity, lubricants are…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential for modern life. Thanks to the sophisticated oil and grease integration, car engines and transmissions run smoothly.
Lubricants are great fluids. Irrespective of weather conditions, engine oil must operate reliably in the temperature range of 40°C to 250°C or higher (piston ring upper temperature). It must also withstand pressures of 105 to 109 Pascals and contaminants such as metal particles and soot.
Lubricants perform the main functions of…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricants are essential in modern life. Car machines and gearboxes run smoothly through the integration of advanced oils and fats. Lubricants are remarkable liquids. Regardless of the weather conditions, the engine oil must operate reliably at temperatures of 40 ° C to above 250 ° C - the temperature near the upper piston ring. It also has to deal with presses between 105 and 109 Pascacakes as well as contaminants,…
Commercial Vehicle Lubricant Market Top Key Players – Repsol, Castrol, ELF Ind …
Lubricating oils are essential to modern life. Automotive engines and gearboxes run smoothly due to the sophisticated oil and grease integration. Lubricating oil is an amazing fluid. Regardless of weather conditions, engine oil should operate stably at temperatures in the range of 250 ° C and above (the temperature near the upper piston ring) at 40 ° C. It also deals with pressures between 105 and 109 Pascals, as well…
Commercial Vehicle Lubricants Market Top Key Players – Repsol, Castrol, ELF In …
Lubricants are essential in modern life. Car engines and gearboxes run smoothly through integration of sophisticated oils and greases. Lubricants are remarkable fluids. Irrespective of weather conditions, the engine oil has to operate reliably over temperatures ranging from -40 °C to above 250 °C – the temperature near the top piston ring. It also has to cope with pressures between 105 and 109 pascals, as well as contaminants including metal…
