Aviation Lubricants Market worth $1,082 million by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, May 25, 2022 /PRNewswire/ -- According to a research report "Aviation Lubricants Market by Type (Engine Oil, Hydraulic Fluid, Special Lubricants & Additives, Grease), Technology, End User, Application, Platform (Commercial Aviation, Military Aviation, Business & General Aviation) & Region - Global Forecast to 2027", published by MarketsandMarkets™, the Aviation Lubricants Market is estimated at USD 804 million in 2022 and is projected to reach USD 1,082 million by 2027, at a CAGR of 6.1% from 2022 to 2027.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37676118

Aviation lubricants are used in the aviation industry to help reduce friction between moving parts or surfaces to enhance the efficiency of machines. These materials help ensure the reliability and durability of the entire aircraft. They are used in various applications, ranging from airframes, engines, landing gear, hydraulics systems, interiors, and cockpit systems. The market is driven by the demand generated by aircraft OEMs for delivering new aircraft, and aftermarket players that provide MRO services to the global aviation fleet.

The commercial aviation segment of the aviation lubricants market is projected to dominate market share between 2022 and 2027

Based on platform, the commercial aviation segment is anticipated to occupy a dominant share of the market by the end of 2027 due to factors such as increasing air passenger traffic driving the demand for new generation aircraft and encouraging the OEM segment and the increasing fleet that is required to undergo scheduled maintenance driving MRO demand for lubricants.

The engine oil segment of the aviation lubricants market is estimated to dominate market share between 2022 and 2027

Based on type, the engine oil segment is projected to dominate the market share as they find repetitive usage due to replacement and replenishment of lubricants in the engine after a certain number of flight hours or as part of scheduled maintenance to ensure optimal health and performance of the aircraft engine.

Browse in-depth TOC on "Aviation Lubricants Market"

283 – Tables
58 – Figures
269 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37676118

North America is projected to lead the market for aviation lubricants during the forecast period.

The growth of the North American market can be attributed to the large orderbook and operational fleet of aircraft that requires large volumes of aviation lubricants to remain airworthy. Furthermore, the presence of aviation incumbents, such as the Boeing Company, and several leading MRO providers in the region also drive the demand for aviation lubricants. Exxon Mobil Corporation, Eastman Chemical Company, The Chemours Company, and Phillips 66 Company are some of the noteworthy market players based in the region.

Key players operating in the aviation lubricants market include Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies Company (France), BP p.l.c. (UK), and PJSC LUKOIL (Russia).

Related Reports:

Aircraft Engine Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Platform (Fixed wing, Rotary Wing, UAV), Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System), Technology, and Region (2021-2026)

Aerospace Bearings Market by Type (Ball Bearing, Roller Bearing, Plain Bearing), Material (Metal, Metal Polymer & Engineered Plastic, Fiber Reinforced Plastic, Ceramic), Application, Platform, Sales Channel, Region (2021-2026)

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aviation-lubricant-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/aviation-lubrican.asp

SOURCE MarketsandMarkets