Industry Today Logo

Published Tue, Feb 12th 2019

Aircraft Lubricant Market to Witness 5.3% CAGR over the Next Five Years

The report on Aircraft Lubricant Market is a study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.

Posted via Industry Today. Follow us on Twitter @IndustryToday

Stratview Research has launched a research report on Aircraft Lubricant Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Lubricant Market from 2018 to 2023.

This report is segmented in six ways to provide a 360-degree holistic view. The segments are –

  • by Lubricant Type (Hydraulic Fluid, Engine Oil, and Others)
  • by Application Type (Hydraulic Systems, Engine, and Others)
  • by End-User Type (OE and MRO)
  • by Technology Type (Mineral-Based Lubricants and Synthetic Lubricants)
  • by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)
  • and by Region
  • by Lubricant Type (Hydraulic Fluid, Engine Oil, and Others)
  • by Application Type (Hydraulic Systems, Engine, and Others)
  • by End-User Type (OE and MRO)
  • by Technology Type (Mineral-Based Lubricants and Synthetic Lubricants)
  • by Aircraft Type (Commercial Aircraft, Military Aircraft, and Others)

Stratview Research, has presented the study of Aircraft Lubricant Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The key aircraft lubricants manufacturers for the aircraft industry are Exxon Mobil, Total S.A., BP plc., The Chemours Company, Royal Dutch Shell plc, Lanxess, Lukoil, Phillips 66, Candan Industries, Nye Lubricants, and Eastman Chemical.   New product development, regional expansion, and the formation of long-term relationships with customers are some of the key strategies adopted by the major players to gain a competitive edge in the market.

Go through the detailed scope


Get a free sample of the report

Increasing demand for advanced military aircraft

The lubricant market for the aircraft industry seems prosperous with attractive growth opportunities in the entire ecosystem of the market. Major oil & gas companies have fervently been developing lubricants meeting the aerospace industry requirements in order to quickly gain the market share. The global aircraft lubricant market is projected to witness a healthy CAGR of 5.3% during the forecast period 2018-2023.  There are several factors driving the demand for lubricants in the aerospace industry. Some of the most noticeable drivers are increasing aircraft deliveries owing to rising passenger traffic across the globe, growing focus on fuel-efficient aircraft, increasing demand for advanced military aircraft, especially by the emerging nations, and rising aircraft fleet size.

Furthermore, the supportive regulatory policies and stringent fuel emission norms are influencing the producers to healthily invest in R&D to develop usage-specific products with increased serviceability and viscosity. This trend is likely to an additional impetus to the growth of the market.

Asia-Pacific would be the biggest demand generator

Boeing, in its commercial market outlook 2018-2037, states that there will be total deliveries of 42,730 commercial aircraft including regional aircraft worth US$ 6.3 trillion during 2018-2037 out of which 40,410 aircraft worth US$ 6.24 trillion would be of commercial aircraft. Asia-Pacific would be the biggest demand generator, will alone account for 39.6% of the total aircraft deliveries during the same period. In terms of aircraft fleet size, the global commercial aircraft fleet size is likely to become 2.1 times in 2037 from the current level of 19,990 aircraft to reach an unprecedented landmark of 42,730 aircraft in 2037.  These factors indicate a sustainable demand for lubricants in the aerospace industry across the globe in the foreseen future.

Commercial aircraft to remain the growth engine

Based on the aircraft type, the market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation. Commercial aircraft is projected to remain the growth engine of the market during the forecast period, driven by a host of factors including rising commercial aircraft fleet in all four regions, increasing production of fuel-efficient commercial aircraft, the market entry of players, and advancement in lubricants.

Military aircraft, another major segment, is also likely to generate sizeable opportunities for lubricant players in the coming five years. Rising demand for fifth-generation combat aircraft, such as Lockheed Martin F-35, increasing defense budget of the developing economies, such as China and India, to protect their geographical territories, are among the major drivers for growth in the military aircraft segment.

Engine segment dominates the market

Based on the application type, the market is segmented into Hydraulic Systems, Engine, Landing Gear, Airframe, and Others. In 2017, the engine segment dominates the market and is expected to remain the largest segment during the forecast period. Introduction of lightweight and fuel-efficient engines including LEAP and GE9x along with an increased usage of specialized and advanced lubricants is mainly driving the demand for lubricants in the segment.  

Synthetic lubricants to witness the higher growth

Based on the technology type, the aircraft lubricant market is segmented into Synthetic and Mineral-based Lubricants. Synthetic lubricants are expected to witness the higher growth in the global aircraft lubricant market over the next five years, owing to an increasing need to enhance the performance of an aircraft by utilizing advanced lubricants.

North America to remain the largest market

Based on the regions, North America is expected to remain the largest market for aircraft lubricants during the forecast period. The region has the presence of major aircraft manufacturers, such as Boeing, Bombardier, Lockheed Martin, Bell Helicopter and Sikorsky Aircraft Corporation. The region also owns one of the largest fleets of commercial aircraft and the largest fleet of regional, general aviation, and military aircraft. There has been a sizeable increase in the air passenger traffic in the region, which is likely to five an additional impetus to the demand for lubricants in the region.  

Asia-Pacific is estimated to be the fastest-growing aircraft lubricant market in the same period, primarily driven by high commercial aircraft fleet to support rising passenger and freight traffic, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus) and increasing defense budget. Major Asian countries including China, India, and South Korea, are incessantly increasing their defense budget with the purpose to acquire the latest aircraft to augment their existing capabilities. This, in turn, is projected to drive an additional demand for lubricants in the region in the coming five years. 

Europe, another major market, is also likely to offer sizeable growth opportunities over the next five years, propelled by the presence of OEMs, such as Airbus and ATR. Increasing aircraft production rates, such as A320 family including neo variants and A350XWB, are likely to generate the demand for lubricants in the region in the foreseeable future. 

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.
  • Research Methodology

This report studies the Aircraft Lubricant Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -

o   Extensive secondary research,

o   Rigorous primary interviews with more than 15 industry stakeholders across the value chain.

o   Validation and triangulation of data with Stratview Research’s internal database and statistical tools.

o   More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry

Contact information

Aditya Joshi
Stratview Research
United States of America
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

To submit unlimited news items including your full company profile details, logo and social media links, become an Annual Subsciber. Alternatively, enhance your news (include images and links within the text) by purchasing one of our publishing packages below:

Select one of our discounted publishing packages

Visit to publish and distribute news from your Industry. Optimised press releases appear in Google News. Connect with us via the social networks Twitter, Facebook, LinkedIn, Google+ and Pinterest