Enjoy complimentary customisation on priority with our Enterprise License!
The aviation lubricants market is projected to grow by USD 887.13 million with a CAGR of 6.1% during the forecast period 2021 to 2026.
This aviation lubricants market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the aviation lubricants market segmentation by platform (commercial aviation, military aviation, and general aviation) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The aviation lubricants market report also offers information on several market vendors, including AVI OIL INDIA Pvt. Ltd., Avioparts, BP Plc, Chevron Corp., Exxon Mobil Corp., Gazpromneft Lubricants Ltd., Gevo Inc., Honeywell International Inc., Kelley Williamson Co., LanzaJet Inc., Marathon Petroleum Corp., MOL Hungarian Oil and Gas Public Ltd. Co., Neste Corp., Petroleo Brasileiro SA, PJSC LUKOIL, Shell plc, SkyNRG BV, Swedish Biofuels AB, Targray Technology International Inc., TotalEnergies SE, and Valero Energy Corp. among others.
Download Report Sample to Unlock the Aviation Lubricants Market Size for the Forecast Period and Other Important Statistics
The increasing need for reliable machinery and effective maintenance is notably driving the aviation lubricants market growth, although factors such as the increasing adoption of electric vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the aviation lubricants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aviation Lubricants Market Driver
The increasing need for reliable machinery and effective maintenance is one of the key drivers supporting the aviation lubricants market growth. Factors that may affect machine reliability are poor aviation lubrication, contamination, fatigue, and poor fitting. However, to enhance machine reliability, there should be proper aviation lubrication to all the points at regular intervals. The premature failure of bearings is one of the results of improper aviation lubrication, which impacts machine reliability. Contamination is another problem that affects machine reliability, as nearly 14% of bearing failures are caused by poor seals or improper handling of aviation lubricants. Positive pressure is one of the remedies to eliminate contamination by preventing contaminants from entering the bearing through the seal. Such factors are expected to drive market growth in the forecast period.
Key Aviation Lubricants Market Trend
The rising need for technological upgrades is one of the key aviation lubricants market trends contributing to the market growth. Aviation lubricants such as oil and grease are continuously subjected to heat and contaminants such as water and yeast, which negatively affect the quality of the lubricant to a great extent and reduce its efficacy. Thus, to ensure the efficient operation of the system, the automatic aviation lubrication system requires constant monitoring. For instance, Petroleo Brasileiro SA offers a conditioned-based aviation lubrication system that is specifically meant for the remote monitoring and automatic aviation lubrication of the complicated bearing system in wind turbines. This, in turn, eliminates the need for manual operations. Such a trend in the development of high-quality aviation lubricants and innovative aviation lubrication systems is expected to have a positive impact on the market during the forecast period.
Key Aviation Lubricants Market Challenge
The increasing adoption of electric vehicles is one of the factors hampering the aviation lubricants market's growth. The growing demand for electric vehicles, particularly battery electric and hybrid electric vehicles, in many countries such as the UK, Germany, the US, China, and India may influence the market negatively during the forecast period. As engine oils account for a majority of the demand for aviation lubricants, the rising demand for electric vehicles is likely to negatively impact the aviation lubricants market. Also, France is planning to ban all gasoline and diesel vehicles by 2040, while other places in Europe, Athens, Madrid, as well as Mexico City, have announced plans to ban all diesel cars and vans by 2025. These factors are anticipated to hamper the market growth in the forecast period.
As electric vehicles do not use engine oil and use only a small amount of grease and other secondary products, the growth of the global lubricant market is expected to be hampered due to the rising adoption of these products during the forecast period.
This aviation lubricants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global aviation lubricants market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aviation lubricants market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the aviation lubricants market encompasses successful business strategies deployed by the key vendors. The aviation lubricants market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the aviation lubricants market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
For more insights on the market share of various regions Request PDF Sample now!
43% of the market’s growth will originate from APAC during the forecast period. China is the key market for the aviation lubricants market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high consumption of lubricants in industries such as automotive, construction, and refining will facilitate the aviation lubricants market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted the potential growth of the market in the region. However, the growth in capital spending by airline service providers is expected to increase the demand for aviation fuel, which, in turn, will positively impact the growth of the market in the region during the projected period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The aviation lubricants market share growth in the commercial aviation segment will be significant during the forecast period. Commercial aviation is the part of civil aviation that involves operating aircraft for remuneration or hire, as opposed to private aviation. The rising production of aircraft, coupled with the high demand for air travel, mainly in developing countries, has led to an increased demand for lubricants in the commercial aviation industry. Thus, the growing demand for aircraft is expected to drive the growth of the commercial aviation segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aviation lubricants market size and actionable market insights on the post-COVID-19 impact on each segment.
Aviation Lubricants Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.1% |
Market growth 2022-2026 |
$887.13 million |
Market structure |
Fragmented |
YoY growth (%) |
5.98 |
Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AVI OIL INDIA Pvt. Ltd., Avioparts, BP Plc, Chevron Corp., Exxon Mobil Corp., Gazpromneft Lubricants Ltd., Gevo Inc., Honeywell International Inc., Kelley Williamson Co., LanzaJet Inc., Marathon Petroleum Corp., MOL Hungarian Oil and Gas Public Ltd. Co., 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, and Market condition analysis for the 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Platform
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.