Global Aviation Lubricants Market Worth $2.66 Billion by 2029, Growing at 7.4% CAGR

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

Aviation Lubricants Market Outlook: What Size And CAGR Are Anticipated By 2025?
Over the past few years, the aviation lubricants market has shown impressive growth. The market is projected to expand from $1.89 billion in 2024 to a value of $2 billion in 2025, at a compound annual growth rate (CAGR) of 6.2%. This historic period of growth is largely traced back to regulatory shifts, environmental consciousness, a surge in the number of aircraft and air travelers, hiking defense spending, and a boost in investments in research and development activities.

What Is the Expected CAGR for the Aviation Lubricants Market Growth Through 2029?
In the coming years, the aviation lubricants market is projected to experience substantial growth, with its value anticipated to reach $2.66 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.4%. This upward trajectory during the forecast period can be linked to factors such as the increasing need for new commercial aircraft, an uptick in government initiatives, the aging of current aircraft fleets, a rise in disposable income, and a growing demand for fuel-efficient planes. Major trends predicted for the forecast period include the use of internet of things (iot) sensors for lubricant monitoring, improved additives, synthetic and bio-based lubricants, and a heightened focus on engine efficiency.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/aviation-lubricants-global-market-report

What Are the Primary Drivers Behind Aviation Lubricants Market Growth?
The anticipated surge in air passenger traffic is set to trigger expansion in the aviation lubricants market. Air transportation, considered a crucial means of travel and services, also contributes to the evolution of the aircraft industry. This evolution prompts growth in air traffic, consequently driving the demand for new airplanes and maintenance of the currently operating ones. The surge in passenger traffic necessitates an increase in the supply of aircraft, particularly in regions expecting growth. Aviation lubricants become crucial here, offering added engine cooling, corrosion protection, and cleanliness to planes. This contributes to maintaining engine hygiene and seamless piston operation, thereby enhancing aircraft durability. Taking the International Air Traffic Association (IATA) report from May 2022 into account, air passenger traffic reportedly saw an impressive rise of 76.0% in March 2022 compared to March 2021, when evaluated in terms of revenue passenger kilometers (RPKs). Moreover, the air passenger market saw a considerable upswing in regions like Europe, Asia-Pacific, and North America, claiming 85% of the total air passenger traffic. Thus, this anticipated increase in air passenger traffic will likely amplify the need for aviation lubricants in the foreseen period.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7185&type=smp

What Are the Key Segments Driving Aviation Lubricants Market Growth?
The aviation lubricants market covered in this report is segmented -

1) By Type: Engine Oil, Grease, Special Lubricants And Additives, Hydraulic Fluid
2) By Aircrafts: Business Jets and Turboprop Planes, Large Commercial Jets, Piston Engine Aircraft, Defense Aircraft, Helicopters, Other Aircrafts
3) By Technology: Synthetic, Mineral Based
4) By Application: Hydraulic Systems, Engine

Subsegments:
1) By Engine Oil: Turbine Engine Oil, Piston Engine Oil, Synthetic Engine Oil
2) By Grease: Airframe Grease, General-Purpose Grease, High-Temperature Grease
3) By Special Lubricants and Additives: Anti-Wear Additives, Extreme Pressure Additives, Corrosion Inhibitors
4) By Hydraulic Fluid: Mineral-Based Hydraulic Fluid, Water-Based Hydraulic Fluid, Synthetic Hydraulic Fluid

What Are the Technological Trends Impacting the Aviation Lubricants Market?
The rise of green and secure aviation fuel and lubricant is a primary trend gaining traction in the aviation lubricants industry. With growing environmental worries, there is an increasing demand for sustainable and safe aviation lubricants in the market. Sustainable aviation fuel is seen as a crucial element in meeting these goals. Numerous companies in the aviation lubricants sector are innovating lubricants that are ecofriendly and secure, aiming to offer superior products to their customers. The objective of the collaboration is to boost Air Europa's fleet performance and sustainability through the delivery of top-notch AeroShell aviation lubricants, which aid in improving operational efficiency and minimizing carbon emissions, according to the sustainability aims of both firms.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7185&type=smp

Who Are the Major Competitors in the Global Aviation Lubricants Market?
Major companies operating in the aviation lubricants market include Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, The Chemours Company, Lanxess AG, Royal Dutch Shell plc, NYCO Tournai Plant, Langepas Uray and Kogalym oil Inc., Nye Lubricants Inc., Ragosine Oil Company, JET-LUBE Ltd., TotalEnergies SE, BP p.l.c., Phillips Petroleum Company, Tecsia Lubricants Pte Ltd., AeroShell, Castrol Ltd., Chevron Corporation, ConocoPhillips Company, Fuchs Petrolub SE, Gulf Oil Marine Ltd., Houghton International Inc., Lubrizol Corporation, Morris Lubricants Ltd., Petro-Canada Lubricants Inc., Quaker Chemical Corporation, China Petroleum & Chemical Corporation (Sinopec), Valvoline Inc., Whitmore Manufacturing LLC, Calumet Branded Products LLC

Which Region Dominates the Aviation Lubricants Market Share in 2025?
North America was the largest region in the aviation lubricants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation lubricants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.