Aerospace Lubricants Market to Cross $3 Billion by 2027 - Arizton

The global aerospace lubricants market was valued at over $2 billion in 2021.
According to Arizton's latest research report, the aerospace lubricants market will grow at a CAGR of 19% during 2022-2027. The high investment in R&D helped the aviation industry to develop engines and turbine assemblies that run on hybrid and electric technology, for which the engine will need specialized lubricants to deliver optimum performance under extreme conditions. In addition, aircraft manufacturers are investing heavily in product development, through which they are making structural changes in the frame design of aircraft and materials used in the structure, which will help to improve the performance of aircraft.

Continuous innovation and advancements in technology cater to diverse aviation needs such as increasing the shelf life of turbines and engines, reducing carbon footprint, improving fuel economy, supplying aerospace lubricants with low viscosity, and meeting the changing emission standards set by various governmental and non-governmental entities. The increasing tourism industry and rapidly growing trade in emerging economies have boosted the aerospace lubricants market.

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INCREASING DEMAND FOR HIGH-EFFICIENCY LUBRICANTS
The high investment in R&D helped the aviation industry to develop engines and turbine assemblies that run on hybrid and electric technology, for which the engine will need specialized lubricants to deliver optimum performance under extreme conditions. In addition, aircraft manufacturers are investing heavily in product development, through which they are making structural changes in the frame design of aircraft and materials used in the structure, which will help to improve the performance of aircraft. Industry 4.0 has fueled continuous innovations and advancements that have increased the demand for advanced computing systems, faster internet connectivity, smart devices & components, and others, bringing a revolution to the aviation industry.

MARKET SEGMENTATION
End-User
• OEM
• Aftermarket

Products:
• Engine Oil
• Hydraulic Oil
• Others

Application
• Defence Aviation
• Civil Aviation

Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Russia
o Italy
• APAC
o China
o India
o Japan
o South Korea
o Indonesia
o Rest of APAC
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o South Africa
o UAE

Prominent Vendors
• ExxonMobil
• Shell
• Total Energies
• Nyco
• Phillips66 (US)

Other Prominent Vendors
• Aerospace
• AVI Oil India
• Castrol
• Chemours
• Eastman Chemicals
• Jet Lube
• NYE Lubricants
• Perstorp Group
• PetrelPus Inc
• Radco Industries
• Rocol
• Sinopec
• The Warefield

To know more: https://www.arizton.com/market-reports/aerospace-lubricants-market

ABOUT ARIZTON:  

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. 

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This release was published on openPR.