DUBLIN, June 1, 2018 /PRNewswire/ --
The "Aviation Lubricant Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricant & Additives), End User (OEM, MRO), Application (Hydraulic Systems, Engine, Landing Gear, Airframe), Technology, Aviation Type, Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aviation lubricant market is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period.
This growth can be attributed to the increasing aircraft orders due to the rising passenger traffic across the globe. Increasing focus on enhanced efficiency of aircraft systems is also influencing the growth of the aviation lubricant market.
Based on type, the engine oil segment of the aviation lubricant market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the development of advanced aircraft engines and growth in the commercial aircraft fleets.
Based on technology, the synthetic segment of the aviation lubricant market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for advanced lubricants to enhance the performance of an aircraft.
Based on aviation type, the military aviation segment of the aviation lubricant market is expected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the increasing number of aircraft orders for military aviation globally.
Based on end user, the MRO segment of the aviation lubricant is estimated to lead the aviation lubricant market in 2017. The growth of this segment can be attributed to the increase in the aircraft fleet of emerging economies in the commercial and military aviation sectors.
Based on application, the engine segment of the aviation lubricant is estimated to lead the aviation lubricant market in 2017. The growth of the engine segment can be attributed to the increase in the use of specialized and advanced lubricants in this segment.
Based on region, the aviation lubricant market is segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World. North America is estimated to lead the global aviation lubricant market in 2017. Major commercial and military aircraft manufacturers, such as Boeing (US) and Lockheed Martin (US) are based in North America. Also, the region has the largest aircraft fleet in the world, and therefore generate a high demand for aviation lubricant products.
Major players in the aviation lubricant market are Shell (Netherlands), BP (UK), ExxonMobil (US), and TOTAL (France). Major strategies undertaken by various companies include new product developments and contracts.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Aviation Lubricant Market Overview
4.2 Aviation Lubricant Market, By Technology
4.3 Asia Pacific Aviation Lubricant Market, By Country
4.4 US Aviation Lubricant Market, By Type
4.5 Europe Aviation Lubricant Market
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Large Existing and Growing Commercial and Military Aviation Fleets
220.127.116.11 Increased Consumption of Synthetic Lubricants
18.104.22.168 Increasing Demand for Low Density Lubricants for Reduced Weight
22.214.171.124 Increasing Demand for Environmentally Safe Aircraft Lubricants
126.96.36.199 Delivering Lubricants Operating Under Extreme Conditions
6 Industry Trends
6.2 Supply-Chain Analysis
6.3 Advanced Turbine Engine Lubricants
6.3.1 Standard Performance Capable (SPC)
6.3.2 High Performance Capable (HPC) Oils
6.3.3 Groups II and III Evolve Into Strong Competition for Group IV(Polyalphaolefin) in Aviation
7 Aviation Lubricant Market, By Type
7.2 Hydraulic Fluid
7.3 Engine Oil
7.5 Special Lubricants and Additives
8 Aviation Lubricant Market, By Aviation Type
8.2 Commercial Aviation
8.3 Military Aviation
8.4 Business and General Aviation
9 Aviation Lubricant Market, By Technology
10 Aviation Lubricant Market, By End User
11 Aviation Lubricant Market, By Application
11.2 Hydraulic Systems
11.4 Landing Gear
12 Regional Analysis
13 Competitive Landscape
13.2 Market Ranking Analysis: 2016
13.3 Competitive Scenario
13.3.1 New Product Launches
13.3.2 Partnerships, Agreements, and Acquisitions
13.3.3 Expansions, Collaborations, and Joint Ventures
14 Company Profiles
- Candan Industries
- Eastman Chemical
- Nye Lubricants
- Phillips 66
- Royal Dutch Shell
- The Chemours Company
For more information about this report visit https://www.researchandmarkets.com/research/nb822l/aviation?w=5
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets