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Aerospace Engine Oil Market Share, Trends & Analysis | 2031
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Aerospace Engine Oil Market Share, Trends & Analysis | 2031

Segments - Aerospace Engine Oil Market by Type (Ashless Dispersant and Mineral Oil), Application (Military, Commercial, Personal, and Adventure), Aircraft (Passenger Aircraft, Passenger Jets, Cargo Aircraft, and Helicopters), Manufacturer (OEM and Aftermarket), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Indranil Bose
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Editor : Shruti Bhat

Upcoming | Report ID :AD-5087 | 4.9 Rating | 75 Reviews | 165 Pages | Format : PDF Excel PPT

Report Description


The global aerospace engine oil market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is attributed to the ­­rising industrialization and tourism activities and the subsequent need for fast and safe air transportation. The expansion of aerospace exploration activities carried out by aerospace agencies boosts the market significantly.

Air transportation is evolving at a rapid pace aided by a transformation in aircraft design and engineering and an emphasis on safety throughout the manufacturing process. Substantial changes in the aircraft design have been made to improve the efficiency of the aircraft engines with the help of refining the aerodynamics of the aircraft.

Global Aerospace Engine Oil Market Outlook

Aircraft engines are exposed to the highest amount of wear & tear and heat as compared to any other machine on the Earth. The aircraft engines that drive the propulsion system go through rigorous wear and tear and temperature fluctuations. Aircraft engines need specialized engine oils that aid in improving the performance of the aircraft under extreme conditions.

Engine oils help reduce the temperature and sludge buildup inside the engine compartment by reducing the friction of internal parts. When the aircraft is in motion the engine oil constantly flows inside the combustion chamber of the aircraft to keep engine parts running smoothly by substantially reducing friction and wear.

Modern engine oils are developed by oil & gas companies to provide additional benefits such as protecting the aircraft engine from corrosion, removing sludge, and improving operational efficiency. The performance of aerospace engine oils is enhanced by adding chemical compounds known as additives. The additives protect the engine parts against extreme wear and temperature. The viscosity index improvers, dispersants, and corrosion inhibitors in the additives enhance the engine performance and lifespan substantially.

Aerospace Engine Oil Market Dynamics

Drivers

Increasing number of air travelers, trade activities, and demand for safe air travel is anticipated to drive the market. Aerospace engine oils developed by oil refining companies provide a smooth traveling experience for travelers by keeping the engine in good condition.

Restraints

Implementation of stringent safety regulations related to storage are likely to hinder the market. Engine oils are highly vulnerable to contamination occurring due to poor maintenance practices of a storage system. Engine oil containers rolling out of the storage facilities need to go through quality checks. The quality checks are carried out to verify if the oil quality is deteriorated to prevent the risk of contamination.

Opportunities

The advancements in oil technology by leveraging molecular engineering to improve fuel economy, engine responsiveness, and anti-friction properties are expected to create opportunities in the market. The oil producers produce application-specific high-performance aerospace engine oils by improving the molecular structure and balancing the viscosity-temperature response of a lubricant system so that the engine functions to its optimal limit.

Global Aerospace Engine Oil Market Dynamics

Scope of the Aerospace Engine Oil Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Aerospace Engine Oil Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Ashless Dispersant and Mineral Oil), Application (Military, Commercial, Personal, and Adventure), Aircraft (Passenger Aircraft, Passenger Jets, Cargo Aircraft, and Helicopters), and Manufacturer (OEM and Aftermarket)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Nye Lubricants, Inc.; CASTROL LIMITED; Exxon Mobil Corporation; Royal Dutch Shell plc; TotalEnergies; BP plc; Aerospace Lubricants, Inc. ; Phillips 66 Company; and FUCHS

 

Market Segment Insights

Based on type, the aerospace engine oil market is bifurcated into ashless dispersant and mineral oil. The ashless dispersant segment is expected to expand at a significant pace during the projection period due to its suitable viscosity index and high anti-friction properties. The ashless dispersant engine oils contain engine additives that withstand high pressures and temperatures at high altitudes in the aircraft engine that drive the propulsion systems.

Global Aerospace Engine Oil Market Type

In terms of application, the global market is segregated into military, commercial, personal, and adventure. The commercial segment is projected to register a considerable CAGR during the forecast period owing to a rise in trade and tourist activities globally. Air travel has significantly increased in the two decades due to the rising industrialization and tourism activities. Commercial aircraft service providers provide fast and comfortable modes of national and international traveling to consumers.

On the basis of aircraft, the market is segmented into passenger aircraft, passenger jets, cargo aircraft, and helicopters. The passenger aircraft segment is expected to register a robust growth rate during the forecast period due to the rising business and tourism-related air travel activities. The airliner companies provide attractive travel packages to travelers significantly boosting air passenger traffic.

Global Aerospace Engine Oil Market Aircraft

Based on manufacturer, the aerospace engine oil market is categorized as OEM and aftermarket. The aftermarket segment is projected to expand at a considerable CAGR during the forecast period owing to the rising aerospace engine oil consumption due to the expansion of commercial and military aircraft fleets. The rising number of air travelers and military expansion by various nations increase aerospace oil consumption significantly. The aftermarket manufacturers provide a variety of engine oils to support this transition.

In terms of region, the global aerospace engine oil market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to the increasing number of air travelers and cargo traffic in the region. Growing industrialization and tourism activities in the region fuel the market growth.

Global Aerospace Engine Oil Market Regions

Segments

The aerospace engine oil market has been segmented on the basis of

Type

  • Ashless Dispersant
  • Mineral Oil

Application

  • Military
  • Commercial
  • Personal
  • Adventure

Aircraft

  • Passenger Aircraft
  • Passenger Jets
  • Cargo Aircraft
  • Helicopters

Manufacturer

  • OEM
  • Aftermarket

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global aerospace engine oil market are Nye Lubricants, Inc.; CASTROL LIMITED; Exxon Mobil Corporation; Royal Dutch Shell plc; TotalEnergies; BP plc; Aerospace Lubricants, Inc.; Phillips 66 Company; and FUCHS.

These companies adopt development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,

  • In January 2020, the FUCHS Group announced that it has received regulatory approvals for the acquisition of Nye Lubricants Inc. to provide a diverse range of aerospace engine oils and lubricants to aircraft fleet operators and aerospace agencies. Nye Lubricants has been providing quality lubricants to aerospace agencies for exploration activities. FUCHS Group has plans to allocate its resources and funds to Nye Lubricants to expand its research activities.

    Global Aerospace Engine Oil Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerospace Engine Oil Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aerospace Engine Oil Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aerospace Engine Oil Market - Supply Chain
  4.5. Global Aerospace Engine Oil Market Forecast
     4.5.1. Aerospace Engine Oil Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aerospace Engine Oil Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Aerospace Engine Oil Market Absolute $ Opportunity
5. Global Aerospace Engine Oil Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Aerospace Engine Oil Market Size and Volume Forecast by Types
     5.3.1. Ashless Dispersant
     5.3.2. Mineral Oil
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Aerospace Engine Oil Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Aerospace Engine Oil Market Size and Volume Forecast by Applications
     6.3.1. Military
     6.3.2. Commercial
     6.3.3. Personal
     6.3.4. Adventure
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Aerospace Engine Oil Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Aerospace Engine Oil Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Aerospace Engine Oil Demand Share Forecast, 2019-2026
8. North America Aerospace Engine Oil Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Aerospace Engine Oil Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Aerospace Engine Oil Market Size and Volume Forecast by Types
     8.4.1. Ashless Dispersant
     8.4.2. Mineral Oil
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Aerospace Engine Oil Market Size and Volume Forecast by Applications
     8.7.1. Military
     8.7.2. Commercial
     8.7.3. Personal
     8.7.4. Adventure
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Aerospace Engine Oil Demand Share Forecast, 2019-2026
9. Latin America Aerospace Engine Oil Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Aerospace Engine Oil Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Aerospace Engine Oil Market Size and Volume Forecast by Types
     9.4.1. Ashless Dispersant
     9.4.2. Mineral Oil
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Aerospace Engine Oil Market Size and Volume Forecast by Applications
     9.7.1. Military
     9.7.2. Commercial
     9.7.3. Personal
     9.7.4. Adventure
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Aerospace Engine Oil Demand Share Forecast, 2019-2026
10. Europe Aerospace Engine Oil Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Aerospace Engine Oil Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Aerospace Engine Oil Market Size and Volume Forecast by Types
     10.4.1. Ashless Dispersant
     10.4.2. Mineral Oil
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Aerospace Engine Oil Market Size and Volume Forecast by Applications
     10.7.1. Military
     10.7.2. Commercial
     10.7.3. Personal
     10.7.4. Adventure
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Aerospace Engine Oil Demand Share Forecast, 2019-2026
11. Asia Pacific Aerospace Engine Oil Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Aerospace Engine Oil Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Aerospace Engine Oil Market Size and Volume Forecast by Types
     11.4.1. Ashless Dispersant
     11.4.2. Mineral Oil
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Aerospace Engine Oil Market Size and Volume Forecast by Applications
     11.7.1. Military
     11.7.2. Commercial
     11.7.3. Personal
     11.7.4. Adventure
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Aerospace Engine Oil Demand Share Forecast, 2019-2026
12. Middle East & Africa Aerospace Engine Oil Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Aerospace Engine Oil Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Aerospace Engine Oil Market Size and Volume Forecast by Types
     12.4.1. Ashless Dispersant
     12.4.2. Mineral Oil
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Aerospace Engine Oil Market Size and Volume Forecast by Applications
     12.7.1. Military
     12.7.2. Commercial
     12.7.3. Personal
     12.7.4. Adventure
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Aerospace Engine Oil Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Aerospace Engine Oil Market: Market Share Analysis
  13.2. Aerospace Engine Oil Distributors and Customers
  13.3. Aerospace Engine Oil Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Nye Lubricants, Inc.
     13.4.2. CASTROL LIMITED
     13.4.3. Exxon Mobil Corporation
     13.4.4. Royal Dutch Shell plc
     13.4.5. TotalEnergies
     13.4.6. BP plc
     13.4.7. Aerospace Lubricants, Inc.
     13.4.8. Phillips 66 Company
     13.4.9. FUCHS

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