DUBLIN--(BUSINESS WIRE)--The "Aviation Lubricant Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricant & Additives), End User (OEM, MRO), Application (Hydraulic Systems, Engine, Landing Gear, Airframe), Technology, Aviation Type, Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The aviation lubricant market is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period.
This growth can be attributed to the increasing aircraft orders due to the rising passenger traffic across the globe. Increasing focus on enhanced efficiency of aircraft systems is also influencing the growth of the aviation lubricant market.
Based on end user, the MRO segment is estimated to lead the aviation lubricant market in 2017. The growth of this segment can be attributed to the increase in the aircraft fleet of emerging economies in the commercial and military aviation sectors.
Based on aviation type, the military aviation segment of the aviation lubricant market is projected to grow at the highest CAGR during the forecast period
Based on aviation type, the military aviation segment of the aviation lubricant market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the increasing number of aircraft orders for military aviation globally.
North America is estimated to lead the global aviation lubricant market in 2017. Major commercial and military aircraft manufacturers, such as Boeing (US) and Lockheed Martin (US) are based in North America. Also, the region has the largest aircraft fleet in the world, and therefore generate a high demand for aviation lubricant products.
Major players in the aviation lubricant market are Shell (Netherlands), BP (UK), ExxonMobil (US), and TOTAL (France). Major strategies undertaken by various companies include new product developments and contracts.
- Large Existing and Growing Commercial and Military Aviation Fleets
- Increased Consumption of Synthetic Lubricants
- Increasing Demand for Low Density Lubricants for Reduced Weight
- Increasing Demand for Environmentally Safe Aircraft Lubricants
- Delivering Lubricants Operating Under Extreme Conditions
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aviation Lubricant Market, by Type
8 Aviation Lubricant Market, by Aviation Type
9 Aviation Lubricant Market, by Technology
10 Aviation Lubricant Market, by End User
11 Aviation Lubricant Market, by Application
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- Candan Industries
- Eastman Chemical
- Nye Lubricants
- Phillips 66
- Royal Dutch Shell
- The Chemours Company
For more information about this report visit https://www.researchandmarkets.com/research/q7jbp4/global_aviation?w=4