Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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What Are The Historic and Forecasted Market Size And Growth Rates For The Global Aviation Lubricants Market?
The aviation lubricants market has shown a consistent growth over the past few years. From $1.89 billion in 2024, it is predicted to grow to $2.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the growth during this period include regulatory changes, environmental concerns, increase in the number of aircraft and air passengers, boosted defense expenditure, and increased investments in research and development.
The market is forecasted to grow to $2.72 billion in 2029 at a CAGR of 7.7%. The projected growth is primarily due to the rising demand for new commercial aircrafts, government initiatives, aging aircraft fleets, increasing disposable incomes, and demand for fuel-efficient aircraft. Major emerging trends in the forecast period include utilization of IoT sensors to monitor lubricants, enhanced additives, synthetic lubricants, bio-based lubricants, and improved engine efficiency.
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What Are The Key Driving Factors In The Aviation Lubricants Market?
The surge in air passenger traffic is anticipated to spur the growth of the aviation lubricants market. As air transportation has become an essential mode of travel and services, the growth of the aircraft industry has led to a simultaneous elevation in air traffic. This has boosted the need for new aircraft and maintenance of the current fleet. For instance, in March 2022, according to the International Air Transport Association (IATA) report, total traffic was up 76.0% from March 2021. Therefore, the surge in air passenger traffic will likely magnify the demand for aviation lubricants over the forecast period.
What Are the Major Segments Within the Global Aviation Lubricants Market?
1) By Type: Engine Oil, Grease, Special Lubricants And Additives, Hydraulic Fluid
2) By Aircrafts: Business Jets and Turboprop Planes, Large Commercial Jets, Piston Engine Aircraft, Defense Aircraft, Helicopters, Other Aircrafts
3) By Technology: Synthetic, Mineral Based
4) By Application: Hydraulic Systems, Engine
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Who Are The Key Players In The Aviation Lubricants Market?
Major companies in the aviation lubricants market include Aerospace Lubricants Inc., Eastman Chemical Company, Exxon Mobil Corporation, The Chemours Company, Lanxess AG, Royal Dutch Shell plc, NYCO Tournai Plant, Langepas Uray and Kogalym oil Inc., Nye Lubricants Inc., Ragosine Oil Company, JET-LUBE Ltd., TotalEnergies SE, BP p.l.c., Phillips Petroleum Company, Tecsia Lubricants Pte Ltd., AeroShell, Castrol Ltd., Chevron Corporation, ConocoPhillips Company, Fuchs Petrolub SE, Gulf Oil Marine Ltd., Houghton International Inc., Lubrizol Corporation, Morris Lubricants Ltd., Petro-Canada Lubricants Inc., Quaker Chemical Corporation, China Petroleum & Chemical Corporation (Sinopec), Valvoline Inc., Whitmore Manufacturing LLC, and Calumet Branded Products LLC.
What Are The Emerging Trends In The Aviation Lubricants Market Landscape?
The development of safe and eco-friendly aviation fuel and lubricant is an emerging trend in the aviation lubricants market. In the wake of increased environmental awareness, the market is witnessing a demand for safe and eco-friendly aviation lubricants. Many companies are hence developing lubricants that are not harmful to the environment to provide better products for their clients.
Which Region Is Leading The Aviation Lubricants Market?
North America represented the largest region in the aviation lubricants market in 2024. However, the Asia-Pacific region is predicted to be the fastest-growing in the forecast period. Other regions covered in this report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Aviation Lubricants Market Report 2025 Offer?
Aviation lubricants refer to advanced fluids that are used for lubricating various parts of an aircraft. In addition to reducing friction, they also provide other functions such as engine cooling, cleanliness, and anti-corrosion. They play a crucial role in maintaining aircraft engines against wear, sludge, and corrosion, which results in effective performance and energy efficiency. The Aviation Lubricants Market research report by The Business Research Company offers key insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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