Global Aviation Lubricants Market

Aviation Lubricants Market Size, Share, Growth Analysis, By Type (Hydraulic Fluid, Engine Oil), By End User (OEM, Aftermarket), By Technology (Mineral-Based, Synthetic), By Region -Industry Forecast 2025-2032

Report ID: SQMIG20A2286 | Region: Global | Published Date: December, 2024
Pages: 193 | Tables: 114 | Figures: 72

Aviation Lubricants Market News

  • Shell announced it had secured a long-term contract with Air Europa in January 2024 to provide AeroShell engine oils, greases, and hydraulic fluids for Boeing 737 and 787 Dreamliner aircraft, making Shell the preferred aerospace lubricant supplier to the airline.
  • As part of FUCHS Group's strategic expansion of its product portfolio and enhancement of its competitiveness on the world stage, in April 2023 it acquired the LUBCON Group, a supplier of high-performance specialty lubricants. LUBCON GmbH, based in Maintal, Germany, is an oil, grease, and pastes specialist to various fields such as food, drugs, and railroads, among others. This strategic move will utilize FUCHS's vast network to optimize LUBCON's development potential.
  • In a bid to enhance its product portfolio and spur its international competitiveness, FUCHS Group said April 2023 that it has acquired the LUBCON Group, a manufacturer of high-performance specialty lubricants. LUBCON specializes in oils, greases, and pastes for food and medicines and rail vehicles. The calculated measure will leverage the enormous network of FUCHS to maximize the potential development of LUBCON.
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Global Aviation Lubricants Market size was valued at USD 991.80 Million in 2022 and is poised to grow from USD 1045.36 Million in 2023 to USD 1592.17 Million by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

Major companies include ExxonMobil, Shell, and Castrol; these companies are pushing the intensely competitive aviation lubricants market. These businesses focus on technical innovation, making strategic alliances, and their product line to meet the needs of the changing demands of the aviation sector. Manufacturers are investing in research and development to develop lubricants with cutting-edge quality and eco-friendliness to cater to the rising demand for high-performance and eco-friendly solutions. Comprehensively, while the industry might focus on efficiency and sustainability, it is expected that rivalry between the big firms will increase. 'LUKOIL', 'THE CHEMOURS COMPANY', 'JET-LUBE (WHITMORE MANUFACTURING LLC)', 'NYE LUBRICANTS, INC. (FUCHS PETROLUB)', 'AEROSPACE LUBRICANTS, INC.', 'ROYAL DUTCH SHELL PLC', 'ROCOL', 'NYCO', 'EXXON MOBIL CORPORATION', 'LANXESS', 'EASTMAN CHEMICAL COMPANY', 'Castrol', 'Chevron', 'Philips 66 Aviation', 'Sinopec Limited'

The rapidly increasing demand for air travel throughout the globe is one of the factors propelling this aviation lubricant market. As countries, especially in the Asia-Pacific region, are growing economically, so is the number of airlines and planes. Airlines require lubricants to be efficient and of high performance, ensuring aircraft engines run safely and efficiently as the flights and people in the air are increasing in numbers. This explains the market growth as a result of the increasing demand for lubricants to fit the demands of modern engines.

Environment-Friendly Lubricants and Sustainability: The aviation lubricant industry is increasing demand for environment-friendly and sustainable products. By investing in low-emission substitutes and bio-based lubricants, businesses try to decrease the environmental impact. These lubricants help airlines achieve strict environmental requirements while maintaining excellent performance and reliability in aircraft operations. They also address the developing concerns about climate change.

North America leads the market for aviation lubricants industry. In addition, the demand for high performance lubricants used in commercial and military aircraft is highly driven by the presence of some of the largest aviation firms operating in the United States including Boeing and Lockheed Martin. The region also boasts an established aviation infrastructure, characterized by several airlines and frequent air travel activities. With the OEM and aftermarket sectors on the rise, lubricant demand increases. North America's sophisticated R&D capabilities also encourage innovation in aviation lubricants and ensure sustained expansion. This region is also very significant to the service life of aircraft fleets because of its high concentration of MRO facilities. This, therefore, supports the industry of aviation lubricants.

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Global Aviation Lubricants Market

Report ID: SQMIG20A2286

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