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The aviation lubricants market size is estimated to grow by USD 877.1 million at a CAGR of 6.05% between 2023 and 2028. The aviation industry is experiencing significant growth, driven by the increasing demand for reliable machinery and effective maintenance. This need is particularly acute in the booming tourism sector, where air travel is a key mode of transportation. Moreover, the high demand for aviation lubricants from end-user industries such as aerospace, defense, and commercial aviation further underscores the importance of this market. Aviation lubricants play a crucial role in ensuring the smooth operation of aircraft engines and reducing downtime. As such, manufacturers and suppliers of high-quality aviation lubricants are well-positioned to capitalize on this trend and meet the growing demand. With a focus on innovation, sustainability, and regulatory compliance, these companies are delivering superior products and services to meet the evolving needs of their customers.
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The market is a significant sector within the broader aviation industry, catering to the lubrication needs of commercial and military aircrafts. This market is driven by the increasing demand for air travel and defense budgets. Exxon Mobil and TotalEnergies are among the key players in this market, providing a range of engine oils, greases, and special lubricants & additives. The market offers both mineral-based and synthetic technology lubricants to meet the diverse requirements of various aircraft components, including engines, hydraulic systems, landing gear, and airframes. Commercial aviation and military aviation are the primary segments of this market, with the former accounting for a larger share due to the high volume of aircraft in service. The aftermarket plays a crucial role in the aviation lubricants market, providing maintenance, repair, and overhaul services for aircraft components. Sustainable aviation is also gaining traction, with the development of bio-based lubricants and the adoption of energy-efficient technologies. The use of aviation lubricants in OEM equipment and aircraft manufacturing processes is another area of growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing need for reliable machinery and effective maintenance is notably driving market growth. In the realm of aviation, the significance of lubrication in ensuring machine reliability is often underestimated. Factors such as contamination, poor fitting, and fatigue can negatively impact the performance and longevity of aircraft components, leading to premature failure. For instance, approximately 36% of bearing failures are attributed to inadequate or excessive lubrication. Contamination is another prevalent issue, with nearly 14% of failures caused by poor seals or mishandling of lubricants. Commercial aviation and defense budgets depend on the reliability of aircrafts, making the use of high-quality lubricants essential. Exxon Mobil and TotalEnergies are among the major players in the aviation lubricants market, providing solutions that cater to various aircraft systems, including hydraulic systems, engines, landing gear, and airframes. The shift towards Sustainable Aviation and eco-friendly practices has led to the development of synthetic lubricants and additives, which offer enhanced performance and reduced environmental impact. Mineral-based technology still holds a significant market share, but synthetic technology is gaining popularity due to its superior properties. During travel restrictions and declared lockdowns, airports have seen reduced activity, affecting the demand for aviation lubricants in the aftermarket. However, the importance of lubrication in maintaining the health of hydraulic systems, engines, and other critical components remains unchanged. Eastman Chemical and other equipment manufacturers contribute to the aviation lubricants market by providing specialized lubricants and additives that address rust and corrosion, ensuring the longevity of aircraft components. In military aviation and general aviation, proper lubrication is crucial for maintaining the readiness of the fleet. The grade of lubricants plays a vital role in machine reliability. Using the right lubricant for each application can significantly reduce the risk of failures and ensure the smooth operation of hydraulic systems, engines, and landing gears. Proper handling and storage of lubricants are also essential to prevent contamination and ensure the optimal performance of aviation equipment. Thus, such factors are driving the growth of the market during the forecast period.
The rising need for technological upgrades is the key trend in the market. The global market is experiencing significant growth due to advancements in commercial aviation technology and the increasing focus on sustainable aviation practices. With defense budgets prioritizing modernization and upgrades, the demand for high-performance lubricants in both military and commercial aviation sectors is increasing. Exxon Mobil and TotalEnergies, among other OEMs and equipment manufacturers, are responding to this trend by developing synthetic lubricants and additives that cater to the specific needs of aircraft hydraulic systems, engines, landing gear, and airframes. The aviation industry's shift towards eco-friendliness has also influenced the lubricants market, with a growing demand for low density, ecofriendly aviation lubricants. Travel restrictions and declared lockdowns due to the pandemic have further emphasized the importance of maintaining aircraft performance and preventing contamination of lubricants. As a result, manufacturers are investing in research and development to create innovative lubrication systems that address the challenges of rust and corrosion in engines, landing gears, and airframes. Key players in the market, including Eastman Chemical, are focusing on developing synthetic technology and mineral-based technology to cater to the aftermarket demand for hydraulic fluids, engine oils, greases, and special lubricants. The aviation lubricants market is expected to continue growing as air transportation resumes and the industry adapts to new technologies and regulations. Thus, such trends will shape the growth of the market during the forecast period.
Increasing adoption of electric vehicles is the major challenge that affects the growth of the market. The global market is experiencing significant growth due to the increasing demand in commercial aviation and military aviation sectors. The defense budgets of various countries continue to prioritize aircraft maintenance and upkeep, leading to a steady demand for aviation lubricants. Sustainable aviation is also gaining traction, with companies like Exxon Mobil and TotalEnergies introducing eco-friendly aviation lubricants. However, travel restrictions and declared lockdowns due to the pandemic have affected airline passengers and, consequently, the aviation industry. This, in turn, has impacted the demand for aviation lubricants. Synthetic lubricants, such as hydraulic fluids, engine oils, grease, and special lubricants & additives, are widely used in aviation for various applications, including hydraulic systems, engines, landing gear, and airframes. Mineral-based technology and synthetic technology are the two primary types of aviation lubricant technologies. OEMs and equipment manufacturers rely on these lubricants to ensure the smooth functioning of aircraft components. Despite the positive growth in the aviation lubricants market, there are challenges.
Contamination of lubricants and the need for low density lubricants to reduce aircraft weight are some of the issues being addressed by market players. Rust and corrosion are also significant concerns in aviation lubricants, necessitating the use of high-quality lubricants. The market for aviation lubricants is diverse, with applications in both commercial and general aviation sectors. Companies like Eastman Chemical cater to the aftermarket for aviation lubricants, providing solutions for various aircraft types and systems. The grade of lubricants used in aviation applications is critical to ensure optimal performance and safety. The aviation lubricants market is expected to face challenges due to the growing adoption of electric vehicles, which use minimal lubricants. For instance, France plans to ban all gasoline and diesel vehicles by 2040, and other regions have similar plans, which may negatively impact the aviation lubricants market. However, the market is expected to continue growing due to the ongoing demand for aviation lubricants in the commercial and military sectors. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BP Plc - The company offers aviation lubricants such as Air bp.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The commercial aviation segment is estimated to witness significant growth during the forecast period. The market caters to the requirements of commercial aviation and military aviation sectors. The market is significantly influenced by defense budgets and travel restrictions due to declared lockdowns, impacting airline passengers and airport operations.
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The commercial aviation segment accounted for USD 1.50 billion in 2018. Exxon Mobil and TotalEnergies are major players in the aviation lubricants industry, offering a wide range of products including synthetic lubricants, hydraulic fluid, engine oil, grease, and special lubricants & additives. These lubricants are essential for various aircraft systems such as hydraulic systems, engines, landing gear, and airframes. Mineral-based technology and synthetic technology are the two primary types of lubricant technologies used. SAE, OEM, and equipment manufacturers specify the grade of lubricants for different aircraft components. Ecofriendly aviation lubricants are gaining popularity due to increasing environmental concerns. Synthetic lubricants offer advantages such as low density, reduced contamination, and enhanced performance. Companies like Eastman Chemical are investing in research and development to produce advanced aviation lubricants. Rust and corrosion protection are crucial considerations for aviation lubricants, especially in harsh operating environments. The aftermarket for aviation lubricants is significant, with many players catering to the needs of general aviation and maintenance, repair, and overhaul (MRO) services.
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APAC is estimated to contribute 43% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market encompasses the production and supply of lubricants used in Commercial Aviation and Military Aviation. With the Defense budget focusing on modernizing fleets, the demand for high-performance lubricants has surged. Sustainable Aviation is a growing trend, driving the need for ecofriendly aviation lubricants, such as those produced by Exxon Mobil and TotalEnergies. The SAE sets the standards for lubricant grades, with OEMs and Equipment Manufacturers specifying the use of specific lubricants for aircraft hydraulic systems, engines, landing gear, and airframes. Travel restrictions and declared lockdowns due to the pandemic have impacted airline passengers and airport operations, leading to a shift in focus towards aftermarket sales of hydraulic fluid, engine oil, grease, and special lubricants & additives. Mineral based technology and synthetic technology continue to compete in the market. Eastman Chemical and other key players offer rust and corrosion protection in their lubricants. The grade of lubricants used varies based on the application, with hydraulic systems requiring low density lubricants to prevent contamination.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market caters to the demand for lubricants used in Commercial Aviation and Military Aviation. Exxon Mobil and TotalEnergies are prominent players in this market. The market is segmented based on the type of lubricants, including Synthetic lubricants, Mineral based technology, and Special lubricants & additives. Commercial aviation is the major consumer of aviation lubricants, with a significant portion being used in Hydraulic systems, Engines, and Landing gears of Aircrafts. Travel restrictions and declared lockdowns due to the COVID-19 pandemic have impacted the Airline passengers and, consequently, the demand for aviation lubricants. Defense budgets have been a significant driver for the Military aviation segment. Sustainable Aviation is gaining momentum, leading to the increasing demand for Ecofriendly aviation lubricants. Contamination of lubricants is a major concern, leading to the use of Low density lubricants. The market also includes OEMs and Equipment Manufacturers. Hydraulic fluid, Engine oil, Grease, and Special lubricants & additives are the primary product categories. Rust and corrosion are common issues addressed by aviation lubricants, especially in Engines, Landing gears, and Airframes. Eastman Chemical and Air transportation are other notable entities in the aviation lubricants industry. The market is expected to grow due to the continuous development of new technologies like Synthetic technology and Mineral based technology in the Aftermarket.
Market Scope |
|
Report Coverage |
Details |
Page number |
146 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.05% |
Market growth 2024-2028 |
USD 877.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.61 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AVI OIL India Pvt. Ltd., Avioparts, BP Plc, Chevron Corp., Exxon Mobil Corp., Gazpromneft Lubricants Ltd., Gevo Inc., Honeywell International Inc., LanzaJet Inc., Marathon Petroleum Corp., MOL Group, Neste Corp., Petroleo Brasileiro SA, PJSC LUKOIL, Shell plc, SkyNRG BV, Swedish Biofuels AB, Targray Technology International Inc., TotalEnergies SE, and Valero Energy Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Platform
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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