Aviation Lubricant Market
Global Aviation Lubricant Market report published by Accurize Market Research forecast that the global market is expected to reach $3.4 billion by 2025; growing at a CAGR of 5.9% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Incessant R&D, technological advancements and increased capital for aviation lubricant projects to drive the growth of the market
The upsurge in passenger traffic, aircraft orders, and military expenditure on aviation infrastructure fuel the demand for the global aviation lubricant market. Furthermore, increasing demand for low-density lubricants for reduced weight and biologically safe aircraft lubricants also boosts the growth of the market.
The global aviation lubricant market has been bifurcated on the basis of type, technology, aviation type, end-user, application, and geography. Based on type, the aviation lubricant market is segmented as special lubricants and additives, hydraulic fluid, engine oil, and grease. On the basis of technology, aviation lubricant market is segmented into mineral bases, and synthetic. On the basis of aviation type segment, the market can be segregated into commercial aviation, and defense aviation, and personal aviation. The application segment is divided into hydraulic systems, landing gear, engine, turbines, and airframe. On the basis of the end-user, the aviation lubricant market is OEM and MRO.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, and Rest of Asia-Pacific. RoW covers South America, the Middle East, and Africa.
Top players in the market
The key players operational in the market includesShell, Castrol Limited Quaker Chemical Corporation, Fuchs Group, PetróleoBrasileiro S.A., Chevron Corporation, Exxon Mobil Corporation, DuPont, Phillips 66 Company, Zodiac Aerospace, Crane Aerospace, and Astronics Corporation, among others.
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