PUNE, MAHARASHTRA, INDIA, May 30, 2022 /EINPresswire.com/ — The aviation lubricants market comprises of lubricant manufacturers who produce and supply aviation grade lubricants to the aviation sector. The market is estimated at USD 804 Million in 2022 and is projected to reach USD 1,082 Million by 2027, growing at a CAGR of 6.1% from 2022 to 2027. Since breathing air motors require proper lubrication to ensure the efficiency and extend component life by reducing wear on moving parts. In case of insufficient bearing lubrication, the bearings can score, seize and even burn in extreme scenarios. This requires careful lubricant selection based on equipment design and operating conditions. Even aviation lubricants manufactured by market players are designed to withstand a wide range of temperatures, pressures and speeds to which the lubricant is exposed during normal operating and storage conditions.
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“Based on type, the engine oils segment of the aviation lubricants market is expected to dominate the market share over the forecast period.”
By type, motor oil is expected to dominate the market share over the forecast period due to its application in engines to keep them lubricated, fresh and free from external contaminants.
“Based on technology, the synthetic lubricants segment is expected to dominate the aviation lubricants market in 2022.”
Due to their superior performance parameters, compared to their mineral-based counterparts, the synthetic lubricants segment accounted for 73% of the total market in 2022 and is expected to maintain its dominance in terms of market share during the forecast period. .
“North America is estimated to dominate the aviation lubricants market in 2022.”
North America is estimated to be the largest market for aviation lubricants in 2022. This is attributed to low oil prices and improved efficiencies in aviation operations that are fueling industry growth aeronautics in the North American region. Increasing operating hours of commercial aircraft fleet of various airlines and expanding fleet of defense force aircraft of different countries in the region are also driving the growth of the North American lubricants market for aviation. Major countries considered for market analysis in this region are United States and Canada.
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The breakdown of the profiles of the main participants for this report:
• By type of business: Level 1: 55%, Level 2: 25% and Level 3: 20%
• By designation: C level – 50%, manager level – 25%, other – 25%
• By region: North America – 60%, Europe – 20%, Asia-Pacific – 10%, Middle East and Africa – 5% and Latin America – 5%
The major players operating in the aviation lubricants market are Shell plc (UK), Exxon Mobil Corporation (USA), Total Energies Company (France), BP plc (UK) and PJSC LUKOIL (Russia ).
This research study covers the segmentation of the aerospace lubricants market on the basis of type (engine oil, hydraulic fluid, specialty lubricants and additives, grease), technology (synthetic, mineral-based), end-user (OEM, aftermarket), application (engine, hydraulics, landing gear, airframe, others) and platform (commercial aviation, military aviation, business and general aviation). These segments and sub-segments are mapped in regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
The report provides detailed market insights regarding key factors such as industry-specific drivers, opportunities, and challenges influencing the growth of the Aviation Lubricants market. It also offers micromarket analysis with respect to individual growth trends, prospects, and their contribution to the Aircraft Lubricants market.
Reasons to buy the report:
The Aircraft Lubricants Market report focuses on different levels of analyzes – industry analysis, market share analysis of key players and company profiles, which together comprise and discuss views of based on the competitive landscape; high growth regions and countries and their respective regulatory policies; and drivers, constraints, opportunities and challenges.
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The Aviation Lubricants Market report provides insights into the following pointers:
• Market penetration: insights into the competitive landscape of the aviation lubricants market
• Market size: estimated market size in 2021 and market projection from 2022 to 2027
• Product Development/Innovation: detailed information on upcoming technologies, research and development activities and new product launches in the aviation lubricants market
• Market overview: market dynamics and subsequent analysis of associated trends along with drivers, restraints, opportunities and challenges prevailing in the aviation lubricants market
• Market Development: Comprehensive insights into lucrative markets: The report analyzes the aviation lubricants market across different regions
• Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in the aviation lubricants market
• Regional analysis: factors influencing the market share of North America, Europe, Asia-Pacific, Middle East & Africa and Latin America
• Competitive assessment: in-depth evaluation of the strategies, products and manufacturing capabilities of the main players in the market.
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