Press release
Smooth Skies Ahead : Aviation Lubricants Market Forecasted to Hit $2.84 Billion by 2027
Aviation Lubricants Market Growth
๐ฐ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A07930
Rise in number of airline passengers, increase in consumption of synthetic lubricants, and growth in number of airports augment the growth of the global aviation lubricants market. On the other hand, contamination in lubricants impedes the growth of the market. Nevertheless, demand for low-density lubricants and development of safe and eco-friendly lubricants are expected to usher a plethora of opportunities in the near future.
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.
๐ฐ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/aviation-lubricants-market/purchase-options
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.
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.
Weight is a critical factor for airlines, which directly impacts stability as well as performance of aircrafts. Aircraft manufacturers always seek for use of materials and components of aircrafts, which are strong enough as well as lighter in weight to reduce overall weight of an aircraft. Lubricants also contribute to weight of aircrafts. Therefore, there is a rise in demand for low-density lubricants from aircraft manufacturers, which helps in further reduction of weight. This, in turn, improves performance of an aircraft, which is expected to create growth opportunities for key players operating in the global aviation lubricants market.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Exxon Mobil Corporation
Aerospace Lubricants, Inc.
The Chemours Company
Royal Dutch Shell plc
NYCO
LANXESS
LUKOIL
Nye Lubricants, Inc.
Eastman Chemical Company
ROCOL
JET-LUBE
๐ฐ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A07930
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/automotive-central-lubrication-system-market-A07218 - Automotive Central Lubrication System Market Size, Share, Competitive Landscape and Trend Analysis Report by Lubrication Type (Oil, Grease), by Component Type (Lubrication Distributor, Lubrication Pumps, Timers and Controllers), by Actuator Type (Electrical, Pneumatic) and by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/automotive-antifreeze-market - Automotive Antifreeze Market Size, Share, Competitive Landscape and Trend Analysis Report by Fluid Type ( Ethylene Glycol, Propylene Glycol and Glycerin), Technology (Inorganic Additive Technology (IAT), Organic Acid Technology (OAT) and Hybrid Organic Acid Technology (HOAT)), Application (Passenger vehicle, Commercial vehicle and Construction vehicle), and Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/engine-oil-market - Engine Oil Market Size, Share, Competitive Landscape and Trend Analysis Report by Grade (Mineral, Semi-synthetic, Fully-synthetic), by Sales Channel (OEM, Aftermarket), by Engine Type (Gasoline, Diesel), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers): Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/automotive-electric-fuel-pumps-market-A08492 - Automotive Electric Fuel Pumps Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Bushed DC, Bushless DC), by Application (Passenger Cars, Lightweight Commercial Vehicles, Heavy Weight Commercial Vehicles) and by Technology (Turbine Style, Sliding Style, Roller Vane): Global Opportunity Analysis and Industry Forecast, 2023-2032
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