Aviation Lubricants Market Current Trends, Opportunities and Challenges by 2030

aviation lubricants market regional analysisCommercial aviation is gaining traction across the world. Rising passenger traffic and reduced airfares have created an environment conducive to the growth of the aviation lubricants market, finds Fact.MR in a new study.  According to the report, the market is poised to exhibit a steady CAGR of 5% during the forecast period of 2024 to 2030.

Demand for next generation aircraft lubricants is rising to ensure greater fuel efficiency and support growing travel and transport via aircraft. While developed nations will continue accounting for a lion’s share, surging air traffic witnessed in emerging economies will also aid the expansion of the aviation lubricants market over the coming years.

Request Sample Report Now-https://www.factmr.com/connectus/sample?flag=S&rep_id=5365

Key Takeaways from Aviation Lubricants Market Study

  • Business jets & turboprop planes are likely to account for a majority of lubricant oil sales.
  • Demand for mineral oils is expected to surge considerably over the forecast period.
  • While synthetic lubricant producers have been exhibiting dominance, the spotlight is expected to shift to bio-based oils in response to soaring environmental concerns.
  • Maintenance, repair, and operations (MROs) will emerge as the most preferred sales channel in the global aviation lubricants market.
  • North America will continue exhibiting high demand for aviation lubricants throughout the forecast period.
  • Reduced air travel amidst the COVID-19 pandemic is expected to stunt market growth in the near term.

Rising Air Traffic Creating Growth Opportunities

Increase in air traffic is projected to bolster the growth of the aviation lubricants market over the coming years. With the aviation industry expanding steadily, key market players are emphasizing on manufacturing semi-synthetic and synthetic lubricants to cater to huge requirements. In addition, demand for cargo services has risen considerably. This trend is unlikely to slow down anytime soon, causing demand uptick in the aviation lubricants market space.

Access Research Methodology Prepared By Experts-https://www.factmr.com/connectus/sample?flag=RM&rep_id=5365

Expanding Aviation Industry Propelling Growth

Rising environmental concern have resulted in surge in demand for bio-based oils. Yet, synthetic and semi-synthetic oils will still continue to dominate throughout the forecast period. Synthetic and semi-synthetic oils, being highly-efficient for fast & smooth engine movement, cost-effective, and lightweight, are witnessing increasing demand in the aviation sector. As a result, steady expansion of the aviation industry is spurring the growth of the global aviation lubricants market.

Who is winning?

The aviation lubricants market is highly consolidated in nature due to the presence of a limited number of companies. Some of the leading players operating in the market are Royal Dutch Shell Plc., Total Group, NYCO, Eastman Chemical Company, The Chemours Company, Phillips 66 Company, and Nye Lubricants, Inc. In order to a gain competitive advantage, some of these companies are focusing on launching next-generation fuels to ensure greater fuel economy in the aviation sector.

More Valuable Insights on Aviation Lubricants Market

In its latest report, Fact.MR has provided detailed analysis on the global aviation lubricants market, comprising data on historical statistics (2015-2019) and forecasts for the period of 2024 to 2030. The report discusses critical insights on the aviation lubricants market in terms of aircraft (business jets & turboprop planes, large commercial jets, piston engine aircraft, defense aircraft, helicopters, and others), type (mineral oils, semi-synthetic & synthetic oils, bio-based oils, and others), and product (engine oils [turbine engine oils and piston engine oils], hydraulic fluids, greases, and others), across 5 key regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Speak To Research Analyst For Detailed Insights-https://www.factmr.com/connectus/sample?flag=AE&rep_id=5365

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.


US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
Research Insight:https://www.factmr.com/report/5365/aviation-lubricants-market
Content Source:https://www.factmr.com/media-release/1740/global-aviation-lubricants-market