Press release
Aviation Lubricant Market to Reach USD 1,160.53 Million by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/642/aviation-lubricant-market.html
Market Statistics
• Market size: USD 820.08 million (2022)
• Forecast value: USD 1,160.53 million (2028)
• CAGR: 5.95% (2022-2028)
• Forecast period: 2022-2028
• Base year: 2022
• Total number of segments: 6
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Type
• Hydraulic Fluid
• Engine Oil
• Grease
• Special Lubricants and Additives
By Aviation Type
• Commercial Aviation
• Military Aviation
• 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
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In By Type, the Engine Oil segment holds the largest share and is expected to register the highest growth through 2028, owing to the increasing number of aircraft deliveries and heightened focus on aircraft engine performance and durability; this implies strategic emphasis by lubricant suppliers on formulations that meet next-generation engine requirements, enhancing market competitiveness.
Under By Aviation Type, Military Aviation currently dominates and is anticipated to remain at the forefront during the forecast period due to heightened defense spending and procurement of advanced military aircraft, which require reliable lubricant solutions to maintain operational readiness-prompting lubricant manufacturers to tailor products for defense applications.
For By Technology Type, the Synthetic segment leads as aircraft systems increasingly demand high-performance lubricants capable of withstanding extreme pressures and temperatures; this trend underscores opportunities for technology innovation among suppliers seeking to capture market share with advanced synthetic blends.
In By End-User Type, the MRO segment is dominant, driven by the expanding global aircraft fleet and frequent maintenance activities, highlighting the importance for lubricant producers to strengthen distribution networks with MRO partners to capitalize on recurring demand.
Within By Application Type, the Engine application segment leads, as engines are the most lubricant-intensive components due to their high operating cycles, encouraging oil manufacturers to develop specialized engine lubricant portfolios to support engine OEM specifications.
Regional Insights
In North America, the aviation lubricant market is the largest region driven by the presence of major aircraft manufacturers, a substantial commercial and military aircraft fleet, and extensive MRO infrastructure; this strong regional demand environment makes North America a pivotal focus for lubricant producers and strategic partnerships.
Market Drivers
• Increasing global aircraft traffic and active fleet expansions driving lubricant consumption.
• Rising aircraft deliveries requiring advanced and performance-oriented lubricant solutions.
• Defense and military investments boosting demand for aviation lubricants in military aircraft.
• Emphasis on improved aircraft efficiency and reliability increasing maintenance activities.
• Growth of MRO activities fueled by aging fleets and stringent safety standards.
Competitive Landscape
Top Companies in the Market
• 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
• Nye Lubricants Inc.
FAQs
1. What is the projected size of the aviation lubricant market by 2028?
The market is projected to reach USD 1,160.53 million by 2028.
2. What is the expected growth rate of the aviation lubricant market from 2022 to 2028?
The market is expected to grow at a CAGR of 5.95% during 2022-2028.
3. Which technology type segment dominates the aviation lubricant market?
The synthetic segment dominates due to higher performance characteristics.
4. Which application segment holds the largest share in the aviation lubricant market?
The engine segment holds the largest share, reflecting high lubricant usage in aircraft engines.
5. Which region accounts for the highest demand in the aviation lubricant market?
North America accounts for the highest demand due to the presence of major OEMs and a large aircraft fleet.
Related Links:
Non phthalate plasticizers market: https://network.musicdiffusion.com/read-blog/70605#google_vignette
Nucleating and clarifying agents market: https://zekond.com/read-blog/301524
Occupant classification system market: https://note.com/researchnews_07/n/n7c7d48e81ddb?app_launch=false
Optical character recognition market: https://payrchat.com/blogs/37807/global-optical-character-recognition-ocr-market
Paek market: https://velog.io/@ellam66/PAEK-Market-Outlook-Applications-Across-Aerospace-Automotive-and-Electronics
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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