USD 2.28 Billion
Aerospace Lubricants Market Size, Share, Growth Analysis, By Grade(Synthetic Oils, Mineral Oils, and Bio-based Oils), By Application(Industrial Lubrication, Gear and Engine Oil, Turbines, Automotive), By End-User(Automotive Industry, Aerospace Industry, Marine Industry, Energy Industry), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20A2245 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
97
|Figures:
73
Aerospace Lubricants Market Insights
Aerospace Lubricants Market size was valued at USD 2.42 Billion in 2023 and is poised to grow from USD 2.57 Billion in 2024 to USD 4.16 Billion by 2032, growing at a CAGR of 6.21% during the forecast period (2025-2032).
Global growth in flights, driven by increasing demand for airline passengers and cargo, is a major driver of the global aerospace lubricants market. As airlines expand their aircraft, there are parallel lubrication maintenance and performance needs. Aerospace lubricants are subject to stringent regulations and standards issued by aviation authorities worldwide to ensure that safety and performance are important. Compliance with these regulations is important for lubricants, and provides innovations and efforts are made to ensure quality within the sector. Advances in lubricants are driven by the need for efficiency, effectiveness and environmental sustainability. Lubricants are investing in R&D to develop products as they can withstand harsh operating conditions, reduce friction, extend component life and comply with more stringent environmental regulations. The aerospace industry is seeing a gradual shift towards synthetic lubricants due to their better performance compared to mineral-based lubricants, synthetic lubricants provide better thermal, fighting resist oxidation and low temperature water, making it ideal for modern aircraft engines and accessories. Fuel efficiency is a key consideration for airlines and aircraft manufacturers due to its impact on operating costs and environmental sustainability therefore permanently.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Synthetic Oil
Fastest Growth
Synthetic Oil
Growth Rate
6.21% CAGR
Global Aerospace Lubricants Market ($ Bn)
Country Share for North America Region (%)
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Aerospace Lubricants Market Segmental Analysis
Global aerospace lubricants market is segmented based on grade, application, end-use and region. Based on grade the market is segmented into synthetic oils, mineral oils, and bio-based oils. Based on application the market is segmented into industrial lubrication, gear and engine oil, turbines, vacuum pumps, automotive and others. Based on end-use the market is segmented into automotive industry, aerospace industry, marine industry, energy industry, oil and gas industry, textile industry, and others. Based on region the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Grade
The synthetic oil segment dominated the global aerospace lubricants market by 2022. Due to low vehicle emissions, compatibility with vehicle hardware and low cost, synthetic oils are becoming increasingly popular as base oils for lubricants. Synthetic is involved advantages as lubricants for automotive parts infused with base oil lubricants also offer improved shear stability and chemical stability, as well as high viscosity index, which are some of the factors expected to drive the demand for synthetic base oils for is lubricating, contributing to the segment’s growth over the forecast period.
Mineral oils are the fastest growing in the market and are generally much less expensive compared to lubricants or specialty chemicals. This cost advantage makes them attractive, especially for airlines and operators who want to reduce operating costs without compromising productivity. Mineral oil has long been used in aviation and other industrial applications. Their reliability and efficiency in lubricating various aircraft components such as engines, landing gear, hydraulic systems etc. have been well established over time This track record gives confidence to aircraft manufacturers, them manufacturers and repairers, contributing to the continued demand for mineral oil-based lubricants.
Analysis by Application
In terms of revenue, the gear and engine oil segment dominated the global aerospace lubricants market by 2022. Gear oil is used to lubricate gear systems and prevent corrosion from metal parts. To keep the vehicle running longer, prevent component corrosion and reduce maintenance costs, gear oil needs regular changes. Like this, engine oil reduces friction between engine parts that move when the car is reversed. By transferring suspension colonies to the oil filter, the engine oil also stops depositing dirt and microorganisms on engine components without reducing engine performance.
By 2023, the automotive segment accounted for the largest revenue share in the global industry at 53.4%. This is due to increased sales of utility vehicles, such as buses, trucks and other passenger vehicles. Economic growth in emerging markets such as China, India and Brazil have boosted public transport in these areas. This trend is expected to further strengthen the demand for commercial automotive lubricants. Rising sales of commercial vehicles, such as heavy trucks and construction trucks, such as cranes, bulldozers and concrete mixes, are expected to restrain the growth of the Middle East & Africa region during the second Industrial segment of the forecast period in 2023 due to increased industrial production in emerging markets It was partially.
Global Aerospace Lubricants Market By Grade (%)
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Aerospace Lubricants Market Regional Insights
The Asia-Pacific region is expected to dominate the global aerospace lubricants market. The rapid growth in the automobile industry, industrialization and automotive manufacturing in countries like Japan, India and China is credited for this increase in Automotive engine oils, lubricants and lubricants a commonly used in the Asian market. Asia-Pacific is beginning to emulate the US. and European regulatory regimes, and as a result, countries such as Japan and South Korea have prioritized the introduction of lubricants into the environment.
The North America region in the global aerospace lubricants market is expected to grow rapidly in terms of revenue. Rapidly growing aerospace industry and increasing crude oil production boosts the revenue of this market segment. After recovering from the impact of COVID-19, the US Energy Information Administration forecasts that crude oil production will meet a 2019 high in the third quarter of Increased crude oil production is expected to provide more product for lubrication by distillation.
Global Aerospace Lubricants Market By Geography
- Largest
- Fastest
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Aerospace Lubricants Market Dynamics
Drivers
- Increasing Expansion of Air Travel and Airlines
The growing demand for air travel driven by factors such as rising disposable incomes, urbanization and globalization is globalizing aircraft expansion has increased. As airlines continue to modernize their aircraft with new generations, they require more efficient lubricants to help optimize the operation and maintenance of these advanced aircraft systems.
- Emphasis on Fuel Efficiency and Environmental Sustainability
Sustainability in the aviation industry is a concerted effort to improve fuel efficiency and reduce carbon emissions. Aerospace lubricants play an important role in improving the performance of aircraft engines and components, reducing friction, reducing fuel consumption, and reducing environmental impact. This campaign is driving demand for new lubricants that are more efficient and environmentally friendly.
Restraints
- Strict Regulatory Standards and Certification Requirements
The global aerospace lubricants market operates in a highly regulated environment with stringent safety and performance standards. Aerospace lubricants must meet stringent specifications and certification of aircraft authorities such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), and requires a certification process, which can significantly lengthen production processes and increase compliance costs for lubricants.
- Compliance Challenges
Navigating complex aviation regulations and obtaining the necessary certifications can pose challenges for fat manufacturers, especially young players or newcomers. Meeting stringent regulatory requirements requires significant investments in inspection, testing and quality control, and helps structure the overall cost of aerospace lubricants.
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Aerospace Lubricants Market Competitive Landscape
The competitive environment of the Global Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. To enhance their industry position, leading companies use various strategies such as joint ventures, corporate expansion, innovation etc. For example, ExxonMobil and Nissan Motors India by hand entered a contract in March 2021 to supply lubricants to the passenger car aftermarket. ExxonMobil expanded its lubricant production with engine oils from OEMs for BS6, BS3, and BS4 vehicles.
Top Player’s Company Profiles
- BP plc
- TotalEnergies SE
- China Petrochemical Corporation (Sinopec)
- Petrochina Company Limited
- Idemitsu Kosan Co., Ltd.
- FUCHS PETROLUB SE
- Lukoil
- JXTG Holdings, Inc.
- Valvoline Inc.
- Indian Oil Corporation Ltd.
- Phillips 66 Company
- ENI S.p.A.
- Repsol S.A.
- Petroliam Nasional Berhad (PETRONAS)
- Pertamina (Persero)
- Sasol Limited
- SK Lubricants Co., Ltd.
Recent Developments
- In July 2022, there are various promoters of next generation passenger vehicle lubricants offering high-technology and complying with Government of India BS-VI standards, ExxonMobil Lubricants Pvt. LTD.
- In March 2022, TotalEnergies SE announced the start of production of the company’s Normandy platform. By producing sustainable aviation fuel, the platform increases biojet fuel production at two previously used plants, the Audale plant and the La Mayde biorefinery This enables the company to meet customer needs and complies with French legislation that entered into force on 1 January 2022 and mandates the use of a minimum of 1% sustainable aviation fuel.
- In April 2021, the U.S. government announced plans to invest $25 billion (about $77 per person in the US) in airport infrastructure. President Joe Biden launched a new American Infrastructure program with $25 billion for airport infrastructure. Thus, North America is expected to dominate the air and aerospace market and the air and aerospace lubricants market from within during the forecast period.
Aerospace Lubricants Key Market Trends
- Rise In the Demand of High-performance Lubricants: With energy efficiency and environmental protection becoming increasingly important, the demand for high-performance lubricants that offer high safety, longevity and low carbon emissions goes away high Special lubricants, bio-based lubricants and synthetic lubricants are becoming increasingly popular due to their superior performance and positive environmental impact. The demand for lubricants is primarily driven by the increasing production of machines and vehicles in the automotive and industrial sectors. Lubricants that offer improved safety, fuel efficiency and reduced emissions will be in high demand due to the expanded market for fuel-efficient vehicles and high-performance industrial machinery. The use of alternative fatty acids such as vegetable oils, animal fats, and synthetic biodegradable oils has expanded in response to growing environmental concerns. Toxicity reduced efficiency, reduced environmental footprint and increased degradation. There are very few benefits that come with using bio-based lubricants.
Aerospace Lubricants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Growing import and export of piston engine lubricants contributes to the growth of the market. Product demand is driven by consumers’ increased attention on enhancing automotive performance through the introduction of innovative & premium product offerings. Future growth will largely depend on vehicle production and mileage per vehicle. Also, customers are looking for special lubricants meant for their regular vehicles to ensure the best performance of their vehicles and reduce long-term maintenance costs. The global aerospace lubricants market is driven by factors such as increasing demand for aviation, airline expansion, corporate focus on fuel efficiency and sustainability but cut across stringent regulatory standards and certification requirements fat challenges, requires significant investment in compliance and testing. To meet the demand, and continuous innovation to maintain their competitiveness.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.28 Billion |
| Market size value in 2031 | USD 3.92 Billion |
| Growth Rate | 6.21% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerospace Lubricants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerospace Lubricants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerospace Lubricants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerospace Lubricants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerospace Lubricants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerospace Lubricants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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