The global aviation lubricant market size was valued at around USD 1.95 billion in 2021 and is anticipated to reach USD 3 billion by 2030, expanding at a CAGR of around 6% during the forecast period, 2022 – 2030. The growth of the market is attributed to the rising air passenger traffic and increasing demand for modern aircraft.
Lubrication refers to a substance used to control friction between two moving surfaces. Lubricants are used in aircraft across the globe to avoid any kind of friction. The types of friction include sliding friction, rolling friction, and wiping friction. In sliding friction, one surface slides over another surface that is not flat or smooth, which causes friction. In rolling friction, a sphere or roller rolls over a surface, such as ball bearings. This type of friction creates less friction than sliding friction. The third type is wiping friction, which ensues between two or multiple gears. The pressure and the load applied to gears can vary in this type of friction. Gear lubricant is the solution to avoid these types of friction.
To reduce any type of friction and ensure smooth operations, lubricants are used to act as a cushion between two metal surfaces. The functions of aviation lubricants include cooling, cleaning, sealing, and controlling corrosion and rust in an aircraft engine. Lubricants remove varnishes, sludges, or any grunge accumulated on plugs, in oil pans, and on the screens of aircraft. Lubricants clean airplane engines to improve their combustion process of it. Airplane lubricant works as a heat-transferring medium that travels through the moving parts of the engine and dissipates them. This aids in the avoidance of galling, melting, and scarring problems. Lubricants facilitate sealing the gasket parts and rubber seals of the crankshaft.
Aviation lubricants are important for airplane engines to perform their functions properly and expand the period between repair services.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for active fleet driving from Original Equipment Manufacture (OEM) and Maintenance, Repair, & Operations (MRO) sectors is expected to drive the market during the forecast period.
- Rising defense expenditure by countries such as the US, China, Russia, and the UK boosts the market.
- Growing technological developments in sophisticated aircraft spur the global aviation lubricant market.
- Rising development of advanced lubricants to support operations of different aircraft is estimated to fuel the market during the forecast years.
- Increasing threats of high susceptibility of contamination in lubricants hampers the growth of the market.
- Stringent emission regulations are projected to hinder the growth of the market in the coming years.
- Growing adoption of environmentally friendly lubricants offers growth opportunities to the market players in the coming years.
Scope of the Report
The report on the global aviation lubricant market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Aviation Lubricant Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Types (Engine Oil, Hydraulic Fluids, Grease, Special Additives & Lubricants, Gas Turbine Oil, and Others), Technology (Mineral-based and Synthetic), Applications (Engines, Landing Gears, Hydraulic Systems, Airframes, and Others), Distribution Channels (Aftermarket and Original Equipment Manufacturer (OEM)), and End-users (Military Aviation, General Aviation, Business Aviation, and Commercial Aviation)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Exxon Mobil Corporation; NYCO; BP p.l.c.; LUKOIL; Boeing Distribution Services, Inc.; Shell plc; TotalEnergies; Aerospace Lubricants, Inc.; Eastman Chemical Company; Whitmore Manufacturing LLC; Nye Lubricants, Inc.; The Chemours Company; Phillips 66 Company; Total Group; ROCOL; Chevron Corporation; China Petrochemical Corporation; Petróleo Brasileiro S.A.; and Others
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Market Segment Insights
Engine oil segment drives the market
Based on types, the market is divided into engine oil, hydraulic fluids, grease, special additives & lubricants, gas turbine oil, and others. The engine oil market is expected to register a significant CAGR during the forecast period, as engine oil aid in keeping aircraft engines cool, lubricated, and uncontaminated. Engine oils need to be replenished after a certain period to avoid any engine failures, which boosts their demand. These are the key factors expanding the engine segment.
Synthetic segment expands rapidly
In terms of technology, the market is bifurcated into mineral-based and synthetic. The synthetic segment is projected to hold a key market share during the forecast period, as synthetic lubricants increase energy efficiency, ensure thermal stability, increase oxidation resistance, and aid in better the performance of an aircraft. Synthetic lubricants provide high service life and improved resistance to frictional wear of expensive aircraft. These are the key factors, which aid in the expansion of the synthetic segment.
Engines segment boosts the market
On the basis of applications, the market is segregated into engines, landing gear, hydraulic systems, airframes, and others. The engine accounted for 67.2% of the market share in 2022, and it is anticipated to expand around 6.2% CAGR during the forecast period. It is crucial to utilize aircraft lubricants in engines to ensure smooth operations and safety of aircraft. This key factor aids in the expansion of the engine segment.
Aftermarket segment registers a high CAGR
In terms of distribution channels, the market is bifurcated into aftermarket and original equipment manufacturer (OEM). The aftermarket segment is projected to expand during the forecast period, due to the increasing number of military and commercial aircraft and rising demand for aircraft lubricants. The aftermarket segment is expected to register a 6.2% of CAGR during the forecast period.
Commercial aviation segment holds a key market share
Based on end-users, the market is divided into military aviation, general aviation, business aviation, and commercial aviation. The commercial aviation segment accounted for around 51% of the market in 2022, and it is expected to dominate the market during the forecast period. Increasing air passenger traffic and rising demand for new aircraft are the key factors aiding in the expansion of the segment.
North America dominates the market
On the basis of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is estimated to register a significant CAGR during the forecast period, owing to low oil prices, improved aircraft operations, and several airline operators using their aircraft fleets for profits in the region. The growing expansion of aircraft in the defense force and increasing operating hours of the commercial aircraft fleet in North America aid in the expansion of the market in the region.
Segments
The global aviation lubricant market has been segmented on the basis of
Types
- Engine Oil
- Hydraulic Fluids
- Grease
- Special Additives & Lubricants
- Gas Turbine Oil
- Others
Technology
Applications
- Engines
- Landing Gears
- Hydraulic Systems
- Airframes
- Others
Distribution Channels
- Aftermarket
- Original Equipment Manufacturer (OEM)
End-users
- Military Aviation
- General Aviation
- Business Aviation
- Commercial Aviation
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Exxon Mobil Corporation
- NYCO
- BP p.l.c.
- LUKOIL
- Boeing Distribution Services Inc.
- Shell plc
- TotalEnergies
- Aerospace Lubricants, Inc.
- Eastman Chemical Company
- Whitmore Manufacturing LLC
- Nye Lubricants, Inc.
- The Chemours Company
- Phillips 66 Company
- Total Group
- ROCOL
- Chevron Corporation
- China Petrochemical Corporation
- Petróleo Brasileiro S.A.
- Others
Competitive Landscape
The global aviation lubricant market is a competitive landscape with the presence of key players such as Exxon Mobil Corporation; NYCO; BP p.l.c.; LUKOIL; Boeing Distribution Services Inc.; Shell plc; TotalEnergies; Aerospace Lubricants, Inc.; Eastman Chemical Company; Whitmore Manufacturing LLC; Nye Lubricants, Inc.; The Chemours Company; Phillips 66 Company; Total Group; ROCOL; Chevron Corporation; China Petrochemical Corporation; Petróleo Brasileiro S.A.; and others. They use business strategies such as partnerships, collaborations, mergers, acquisitions, and product launches to strengthen their hold on the market. For example, in April 2022, Boeing Distribution Services Inc. collaborated with Mesa Airlines to procure Mobil Jet Oil II and Mobil HyJet IV-Aplus by Exxon Mobil Corporation for the entire fleet of 160 aircraft of Messa Airlines. In February 2022, BP p.l.c. announced the Herschel Expansion project in the Gulf of Mexico to invest in resilient and focused hydrocarbons. In April 2021, NYCO launched the NYCO Grease GN 3058, which is expected to deliver outstanding performances in propeller bearing, wheel bearing, oil separation, and others.