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Global Aerospace Lubricant Market Analysis and Forecast 2022-2028

Report ID:668Chemicals & Materials244 pages

Aerospace Lubricant Market Statistics

The global aerospace lubricant market is expected to observe phenomenal growth during the forecast period 2022 to 2028, registering a growth of the CAGR of 6.2% and reaching the expected valuation of USD 2.84bn by the end of 2027. In the year 2019, the global aerospace lubricant was valued at USD 2.24bn.

Researchmoz elucidates the dynamic of the aerospace lubricants market including size, drivers, opportunities, trends, segmentation, regional aspects, and competitive landscape.

The growing demand from the commercial aerospace sector is expected to expand the aerospace lubricant market in the next few years.

The increasing investment in the aerospace sector from private and government sectors is expected to drive the global aerospace sector in the following years.

Not to forget, the covid pandemic had encapsulated the aerospace lubricant market in its grip too. Due to the global lockdown in many countries, the travel and aviation sector was severely impacted, which also resulted in a reduction in fleet size.

Global Aerospace Lubricant Market Share By Region Type

Drivers and Restraints

The rising demand for making lightweight aircraft, thus demand for low-density lubricants is expected to expand the global aerospace lubricant market during the forecast period.

The benefits such as low fuel consumption, and adaptability in large-scale operations are some of the factors that are expected to increase the demand for aerospace lubricants.

The growing adoption of modern technology in the aerospace sector is expected to boost the demand in the aerospace lubricant market in the next few years.

The rising demand from the military sector for more fights and fighter planes is anticipated to bolster the sales of the aerospace lubricant market during the forecast period.

Strict regulations surrounding mandating the group III oils as base stock are anticipated to augment the aerospace lubricant market in the next few years.

As far as market restraints are concerned, the fluctuating fuel prices are expected to hinder the growth of the aerospace lubricants market during the forecast period.

However, the factors such as the operational efficiency offered by these lubricants are expected to drive the global aerospace lubricant market in the following years.

Opportunities and Trends

The lower fares and increased travel are expected to expand the global aerospace lubricant market.

The increasing investment in fighter vehicles from the military sector is expected to bolster the growth opportunities in the global aerospace lubricant market in the next few years.

The rising investment in replacing the older versions of the fleet is expected to drive the global aerospace lubricants market during the forecast period.

The rising adoption of nanotechnology in the lubricants industry is expected to boost the expansion of the global aerospace lubricants market during the forecast years.

Further, adding nanoparticles to the base oil or water would increase the temperature resistance, anti-friction and anti-wear properties.

Tourism for leisure and medical purposes is gaining traction over the years and is anticipated to bolster the growth opportunities further as well, nudging towards the expansion of the global aerospace lubricant market.

Product Segmentation

Global aerospace is segmented on the basis of product and end-user, further in terms of product it is segmented into – gas turbine oil, gas turbine engines, piston, hydraulic oil, and hydraulic lubricants.

The gas turbine oil held dominance until the year 2014, and its selection depends on the type and requirement of the engine. The gas turbine helps with operational efficiency with properties such as rust-free, anti-corrosion, and keeping the sludge at bay.

A gas turbine engine is expected to hold a larger share in the global aerospace lubricants market in the following, here the lubricant used in such engines is capable of smooth functionality, reduces overall operating costs, and ensures durability, thus driving the global aerospace lubricant market during the forecast years.

The piston acts as a coolant, and sealant, reduces frictions, and improves viscosity and it is expected to witness moderate growth during the forecast period in the aerospace lubricant market.

Hydraulic oil provides thermal stability, durability, anti-wear properties, and good viscosity despite temperature fluctuations, hence pushing the global aerospace lubricant market to expand over the next few years.

Hydraulic lubricants provide chemical stability, and good oxidation, and maintain the overall conditions of the components even when there is continuous friction.

On the basis of end-user, the global aerospace lubricant market is expected to be dominated by the civil sector due to economical fares, increasing air traffic, and rising disposable income among consumers.

The defence sector happens to be the fast-growing sector and is expected to witness remarkable growth in the following years. The rising expenditure on the development of defence is expected to bolster demand during the forecast years.

Regional Overview

On the basis of geographical topography, the Asia Pacific region is anticipated to hold a major share in the global aerospace lubricant market, owing to an increase in business and leisure travels, rising urbanization, and the benefit of reduced travel time with comfort.

The growing number of space programs in countries like India are expected to drive the growth in the region, during the forecast period.

Growing tourism and travel in Qatar, UAE, and Saudi Arabia are anticipated to boost the global aerospace market in the next few years.

Competitive Landscape

The smaller number of market players make the global aerospace lubricant market consolidated in nature, some manufacturers are also getting into supply and distribution themselves just to diversify themselves.

Some of the key players in the global aerospace lubricant market are –

  • British Petroleum
  • Exxon Mobil
  • Shell
  • Total Lubricant
  • Castrol
  • Fuchs Group
  • Quaker Chemical Corporation and Aerospace Lubricant, Inc.
  • Petrobras
  • Phillips 66
  • Chevron Corporation

Product Outlook (Revenues in USD Billions)

  • Gas Turbine Oil
  • Gas Turbine Engine
  • Piston
  • Hydraulic Oil
  • Hydraulic Lubricants

End-Use Outlook (Revenues in USD Billions)

  • Civil
  • Defense

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions –

  1. What would be the growth rate of the global aerospace lubricant during the forecast period?
  2. What are growth opportunities in the aerospace lubricant market?
  3. What would be the regional growth of the global aerospace lubricant market during the forecast period?
  4. What are the restraints that could hinder the aerospace lubricant market in the following years?
  5. Which product segment is expected to thrive in the aerospace lubricant market during the forecast period?
  6. How would the market witness positive growth in the next few years?

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Aerospace Lubricant Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Product Outlook
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product Outlook, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product Outlook, 2022-2032
5.3.1. Gas Turbine Oil
5.3.2. Gas Turbine Engine
5.3.3. Piston
5.3.4. Hydraulic Oil
5.3.5. Hydraulic Lubricants
5.4. Y-o-Y Growth Trend Analysis By Product Outlook, 2017-2021
5.5. Absolute $ Opportunity Analysis By Product Outlook, 2022-2032

6. Global Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By End Use Outlook
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Use Outlook, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Use Outlook, 2022-2032
6.3.1. Civil
6.3.2. Defense
6.4. Y-o-Y Growth Trend Analysis By End Use Outlook, 2017-2021
6.5. Absolute $ Opportunity Analysis By End Use Outlook, 2022-2032

7. Global Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region

8. North America Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Product Outlook
8.2.3. By End Use Outlook
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Outlook
8.3.3. By End Use Outlook
8.4. Key Takeaways

9. Latin America Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Argentina
9.2.1.4. Chile
9.2.1.5. Peru
9.2.1.6. Rest of Latin America
9.2.2. By Product Outlook
9.2.3. By End Use Outlook
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Outlook
9.3.3. By End Use Outlook
9.4. Key Takeaways

10. Europe Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. Russia
10.2.1.7. BENELUX
10.2.1.8. Rest of Europe
10.2.2. By Product Outlook
10.2.3. By End Use Outlook
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Outlook
10.3.3. By End Use Outlook
10.4. Key Takeaways

11. East Asia Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Product Outlook
11.2.3. By End Use Outlook
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Outlook
11.3.3. By End Use Outlook
11.4. Key Takeaways

12. South Asia Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Thailand
12.2.1.3. Malaysia
12.2.1.4. Indonesia
12.2.1.5. Rest of South Asia
12.2.2. By Product Outlook
12.2.3. By End Use Outlook
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Outlook
12.3.3. By End Use Outlook
12.4. Key Takeaways

13. Oceania Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Product Outlook
13.2.3. By End Use Outlook
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Outlook
13.3.3. By End Use Outlook
13.4. Key Takeaways

14. MEA Aerospace Lubricant Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC
14.2.1.2. Rest of MEA
14.2.2. By Product Outlook
14.2.3. By End Use Outlook
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Outlook
14.3.3. By End Use Outlook
14.4. Key Takeaways

15. Key Countries Aerospace Lubricant Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Product Outlook
15.1.2.2. By End Use Outlook
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Product Outlook
15.2.2.2. By End Use Outlook
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Product Outlook
15.3.2.2. By End Use Outlook
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Product Outlook
15.4.2.2. By End Use Outlook
15.5. Argentina
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Product Outlook
15.5.2.2. By End Use Outlook

16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1.  By Regional
16.3.2.  By Product Outlook
16.3.3.  By End Use Outlook

17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. British Petroleum
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Exxon Mobil
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Shell
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Total Lubricant
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Castrol
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Fuchs Group
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Quaker Chemical Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Aerospace Lubricant Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Petrobras
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Phillips 66
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Chevron Corporation
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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