Aircraft Lubricants Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics

Aircraft Lubricants Market Definition / Overview

Aircraft lubricants are used to prevent wear and tear by reducing friction between Aircraft components that are in direct touch. Cooling of parts, providing anti-corrosion and rust-free qualities, sealing in gaps, and so on are all uses for aircraft lubricants. Lubricants ensure the smooth operation of parts and components, resulting in improved fuel economy and engine efficiency.

 

Aircraft lubricants are designed to endure high temperatures and pressures. Auxiliary drive spine shafts, fan motors, control valves, bearings, seals, liquid fuelled turbines, reduction gears, and wing flap actuators are among the Aircraft parts that employ these lubricants. Aircraft lubricants are also used in space suits to seal the oxygen breathing system's valves and connectors.

 

Deep space missions require a particular type of Aircraft lubricant with high reliability and long duration of lubrication for essential parts in order for them to perform smoothly and without causing any disruptions while exposed to extreme temperatures or vacuum. The worldwide Aircraft lubricants Market has grown as the civil aviation and space industries have expanded.

 

 

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Aircraft Lubricants Market Dynamics

• Increasing demand for air travel and rising cargo activities - The worldwide Aircraft Market is being propelled forward by expanding demand for air travel and increased cargo activity. People are increasingly moving between cities for professional and personal reasons as a result of the creation of a big middle class, increased urbanisation, and the growth of megacities. Another important factor driving the number of aircraft is the increase in cargo activities. As a result, demand for aviation lubricants is increasing over the world. This is the major driver of the Aircraft Lubricants Market.

 

• Development in Military Fleets – Almost every country in the world is developing its military fleets which include fighter jets, helicopters, drones, cargo planes, etc. and these vehicles need Aircraft Lubricants and constant development in these and increasing number of fighting vehicles leads to growth of Aircraft Lubricants Market.

 

• Introduction of Flying Cars – Since, in some areas of the world the flying cars has been introduced and are ready to hit the market, it is expected that it will be the future and these flying cars would also need Aircraft Lubricants to maintain the temperature and parts of the whole car so it might be one of the drivers of the Aircraft Lubricants Market.

 

• Difficult Supply of Aircraft Lubricants – Aircraft Lubricants have to be supplied under extreme and severe conditions to maintain their features and quality which hinders in the growth of the Aircraft Lubricants Market.

 

• High Operation Cost in Aviation Industry – Aviation is the most efficient mode of transportation. The operational costs, on the other hand, are excessive. Air transportation necessitates significant capital expenditures for aircraft construction and upkeep. It also necessitates the hiring of professional, experienced, and skilled employees, which entails significant financial outlay. The development of aerodromes and aircraft necessitates a significant investment. This aspect is predicted to have a negative impact on the worldwide aviation sector, which would constrain the global Aircraft Lubricants Market throughout the forecast period.

 

Aircraft Lubricants Market Segment Analysis

By Aircraft Type, the Aircraft Lubricants Market is segment as Business Jets, Commercial Jets, Piston Engine Aircrafts, Defence Aircrafts, Helicopters, and Aerospace Aircrafts. Among all of these segments, Commercial Jets dominates the market with the market share of 37% in the year of 2023 because most of the population use these jets to travel these cities and all over the world as they are cheap and convenient. Piston Engine Aircrafts comes second in the market with the market share of 20% in 2021 followed by helicopters with the market share of 16% in 2021 as these segments are in commercial and military use and are amongst the oldest type of aircrafts. Then defence aircrafts have the market share of 13% in 2021, the business jets have the market share of 8% as only few people who are very rich can afford these planes so their market is already very small. Last is Aerospace aircrafts with the market share of 6% as only few countries have the technology to go into space and the missions are also not carried out every single day so the frequency is less but the quantity needed in 1 mission is high.

 

 

By Type, the Aircraft Lubricants Market is segment as Mineral Oils, Semi-Synthetic & Synthetic Oils and Bio-Based Oils. Semi-Synthetic & Synthetic Oils dominates the market with the market share of 62% in the year of 2023 because of high availability, good performance and low cost. Followed by mineral oils with the market share of 27% in 2021 because of good quality which gives high mileage but the cost is relatively high that’s why comes second in the market. Last is Bio-Based Oils with market share of 11% in 2021 as they are newly introduced and are available in less quantity but are expected to grow their share in the market due to its clean and eco-friendly nature.

 

By Product, the Aircraft Lubricants Market is segment as Engine Oils, Hydraulic Fluids, Grease, and Additives & Special Lubricants. Engine Oils segment dominates the market with 57% market share in the year of 2023 because it is the main oil to start the engines and make the aircrafts fly followed by hydraulic fuels with the market share of 23% in 2021 as it is used in brakes, gears for their functioning so are very important. Grease has the market share of 13% in 2021 and Additives & Special Lubricants has the market share of 7% for proper movement of parts and temperature and pressure movement motives. No major change is this market might be seen as these oils are used for basic purposes and can’t be substituted with each other.

 

Aircraft Lubricants Market Regional Insights

North America dominates the market with the market share of 32% in 2023 due to the presence of large amount of manufacturers and key players and also a vast military fleet which is constantly upgrading. Followed by Europe with the market share of 25% in 2021because of some of the largest key players in aviation market and military fleets. Asia Pacific has the market share of 22% in 2021 as developing countries like China, India, etc. are gradually developing military fleets, vast tourism and recent growth & development in aerospace organizations and is expected to grow at very high pace and go past Europe in coming 5-6 years. Middle East & Africa has the market share of 13% and South America with the market share of 8% are at bottom due to fewer and weaker military fleets and lower aerospace technology standards.

 

In the report, Porter’s Five Forces model is used which gives us help to design the business strategies in the market. It tells us about our competition and the buyers which are the 2 most influencing factors for our company. It tells that how buyers are will or will not gain more bargaining powers than the suppliers and also the difficulty level for another company to enter the industry or for a company to exit it.

 

The report also has PESTEL analysis, which gives an overview of the whole business and its strategies. Political angles help in analysing the role of govt. in the shaving industry and economics obviously influence it to the core. Social and Environmental analysis helps in understanding the future of the company and hance helps in making decisions for the future. Technological factors help in analysing the production aids that we can give to the company. And legal analysis helps in smooth functioning without any legal hindrance.

 

Aircraft Lubricants Market Scope

Aircraft Lubricants Market
Market Size in 2023	USD 2.65 Bn.
Market Size in 2030	USD 4.40 Bn.
CAGR (2024-2030)	7.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Aircraft Type Business Jets Commercial Jets Piston Engine Aircrafts Defence Aircrafts Helicopters Aerospace Aircrafts
	By Type Mineral Oils Semi-Synthetic & Synthetic Oils Bio-Based Oils
	By Product Engine Oils Hydraulic Fuels Grease Additives & Special Lubricants
	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Aircraft Lubricants Market Key Players

• Royal Dutch Shell (Netherlands)
• ExxonMobil (US)
• Total (France)
• BP (UK)
• Lukoil (Russia)
• Phillips 66 (US),
• Eastman Chemical Company (US)
• The Chemours Company (US)
• Nyco (France)
• Nye Lubricants (US)
• Las Aerospace Ltd (UK)
• Tecsia Lubricants (Singapore)
• Ascend Aviation India (India)
• Monroe (US)
• Chemsol (US)
• Petro Lubes Inc. (Canada)