What is Lubricants?
Lubricants are used to reduce friction between aerospace components in direct contact to prevent wear. The lubricants for the aerospace industry also aim to cool the pieces, their resistance to corrosion and rust, the sealing of interstices, etc. Aviation lubricants are ready to withstand extreme pressures and temperatures. These lubricants are used in various aerospace components, such as the secondary drive shaft, blower motor, control valves, bearings, gaskets, liquid turbines, gearboxes, and shutter actuators among others.
Aviation Lubricant Market Size and Growth Rate:
According to our research report, the Aviation Lubricant Market size was valued at USD 1.90 Billion in 2016 and it is expected to reach USD 2.65 Billion by the end of 2022, with increasing a CAGR of 5.60% during the Forecast Period 2016-2022.
Aviation lubricants are also used in space suits to seal the valves and connections of the oxygen breathing system. Deep space flights use a special type of aerospace lubricant, which requires high reliability and long-term lubrication for critical parts, so that it runs smoothly, without causing interruptions when exposed to high temperature or vacuum. The growth of civil aviation and the space industry has led to the rise of the Aviation Lubricants Market.
Aviation Lubricant Market – Drivers and Growth Opportunities:
The demand to improve the economy and fuel efficiency, and comply with fuel emission standards is driving the growth of the global aerospace lubricants market. The increase in the number of passengers as a result of the reduction of airfares has resulted in an increase in the number of airplanes, resulting in a significant expansion of the market. In spacecraft or rockets, with the use of a high-quality aerospace lubricant, the maintenance requirements are reduced, which seems to be very useful when long life is essential for the success of the aircraft. As a result, the global demand for aerospace lubricants based on quality is growing at a steady pace.
The intense competition in aeronautical companies has led to the demand for higher performance aerospace lubricants with added value characteristics. As a result, aerospace lubricant manufacturers face certain challenges to provide a better quality product at a reduced cost, for greater economy and fuel efficiency. Technological developments in aerospace lubricants, such as perfluoropolyether oils and greases that provide a remarkable list of elements are constantly evolving. The main characteristic of this oil is that its lubricity and viscosity are not affected in the temperature range of -710 ° F to 7500 ° F. Some lubricants have outstanding characteristics, such as non-flammable, non-toxic, non-toxic evaporative and compatible with many metals, paints and elastomers. These products are increasingly in demand and drive the global market of aerospace lubricants in a brighter direction.
Aviation Lubricants Market – Leading Segmentation Analysis:
Engine oil is expected to be the fastest growing type segment during the forecast period. Growth in this segment can be attributed to the development of advanced aircraft engines and the growth of commercial aircraft fleets. According to the type of aviation, the defense aviation segment is expected to experience the highest compound annual growth during the forecast period due to the increase in the number of military aircraft driven by the increase in military spending.
North America Region is leading the Aviation Lubricants Market:
North America ranks first in the world market for aviation lubricants due to the presence of major commercial and military aircraft manufacturers, such as Boeing and Lockheed Martin. In addition, North America hosts the largest aircraft fleet in the world and is expected to generate strong demand for aviation lubricants during the forecast period. In addition, the aviation fuel market in Europe is expected to experience significant growth during the forecast period as a result of the growth in passenger activity generated by international tourism.
Major Players Covered in this Aviation Lubricants Market Report are:
- Castrol Limited
- Fuchs Group
- Quaker Chemical Corporation
- Petróleo Brasileiro S.A.
- British Petroleum
- Exxon Mobil Corporation
- Chevron Corporation
- Phillips 66 Company
- Zodiac Aerospace
- China Petrochemical Corporation
- Astronics Corporation
- Crane Aerospace
This research report includes following segmentation for the Aviation Lubricants Market size and forecast until 2022.
Aviation Lubricants Market – By Type
- Lubricants and special additives
- Hydraulic Fluid
- Engine Oil and Grease
Aviation Lubricants Market – By Technology
Aviation Lubricants Market – Aircraft Type
- Commercial Aviation
- Aviation Defense
- Personal Aviation
Aviation Lubricants Market Analysis - By Region
- North America
- Central & South America
- Middle East & Africa