AVIATION LUBRICANTS MARKET

GMI Research analysis indicates that the Aviation Lubricant Market size was estimated at USD 951 million in 2024 and is slated to register a single digit CAGR of 5.7% over the forecast period, and is projected to reach USD 1,482 million in 2032.

Aviation Lubricant Market Overview

Aviation lubricant uses certain kind of piston and turbine engine oils that are designed for improving the aircraft engine’s performance at extremely high temperatures. It is odorless, clean, and clear oil is used in the maintenance and repairing of aircraft structures, engines, and systems. These lubricants help to reduce fuel consumption and bring flexibility to large-scale operations of the aerospace industry. Aerospace lubricants are selected based on several parameters such as fluid-film lubrication, operating environment, compatibility, boundary lubrication performance, fire resistance, stability, toxicity & biodegradability and, susceptibility to additives.

Major Aviation Lubricant Market Drivers

The factors driving the global aviation lubricant market include increasing growth in the fleet size of commercial aircraft in various countries with growing air travellers and rising military and defence investments by several countries. Aviation lubricants are substantially used in several aircrafts and military applications for improving the engine efficiency and reducing the fuel consumption. For instance, according to the Airport Council International (ACI) World Organization reports in 2019, the global passenger traffic reached to 4.5 Billion increased by 3.6% compared to 2018. Thus, it created massive demand for the commercial aircrafts for air travel across the globe have impelled the aviation lubricant market.

Also, several government organizations are investing in the development of the new aircrafts for strengthening the aviation operations of the countries strengthens the aviation lubricant market growth. For instance, in 2021, United State’s government have planned to invest more than USD 25 Billion for building airport infrastructure.

Restraint in the Aviation Lubricant Market

However, increasing concerns related contamination in the oils during the operating conditions may hamper the global aviation lubricant market.

Type – Segment Analysis

Based on the type, engine oil expected to grow at the fastest rate in the global aviation lubricant market during the forecast period owing to rising launching of new engine oils by the leading players for improving the aircraft’s efficiency and reduce the fuel consumption. For instance, in 2017, Shell Aviation launched AeroShell Oil Sport Plus 4 second-generation engine oil in South Africa. The oil was designed for light sport aircraft and four-stroke engines that offer several benefits such as enhanced protection and lubricity.

Technology – Segment Analysis

Based on the technology, synthetic holds the highest market share in 2020 in the global aviation lubricant market owing to rising launching of the new synthetic oil by the leading players for improving the aviation engine efficiency and for reducing the fuel consumption. For instance, in 2020, Bharat Petroleum Corporation Ltd (BPCL) launched two high-end synthetic lubricant lubes. Also, synthetic oil posses certain advantages including better low- and high-temperature viscosity performance at extreme temperature, high corrosion resistance and shear stability, resistance to thermal breakdown, oxidation, and oil sludge problems.

Application – Segment Analysis

Based on the application, defence/military is expected to capture the largest market share in the global aviation lubricant market in upcoming years owing to the rise in demand for new commercial aircrafts due to surge in air travellers across the globe. For instance, in 2021, Indian Defence Authority have planned to sign a contract of USD 2.5 Billion with Airbus Defence and Space and Tata Advanced Systems Limited (TASL) for the supply of 56 medium transport aircraft to the Indian Air Force.

Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market share in the global aviation lubricant market in 2020 due to presence of several leading aerospace companies, high spending on aerospace industry by US and growing contract for manufacturing new aircrafts in this region. For instance, according to the Aerospace Industries Association report, the United State’s aerospace manufacturers have been accounted more than USD 151 billion for export of aerospace related sale in 2019 and the foreign direct investment (FDI) aerospace industry totalled nearly USD 22 Billion in the United States. It created massive demand for the aviation lubricant market over the forecast period in this region.

Top Market Players

Various notable players operating in the market includes Exxon Mobil, Castrol, Fuchs Group, Phillips 66, Sinopec, Total S.A., Petrobras, Chevron Corporation, British Petroleum, Shell, and among others. 

Key Developments:

• • In 2019, ExxonMobil launched Mobil DTE 20 Ultra Series Hydraulic Oils in India. This technology made with advanced formulation for reducing the hydraulic oil consumption significantly and provides wear protection to enhance the component life
  • In 2019, ExxonMobil in collaboration with GE have launched Mobil SHCTM 918 EE turbine advanced co-branded turbine oil that has capability to increasing bearing efficiency by 15%. Turbine oil is the first lubricant that fulfils the GEK 121603 specification available in the market.
  • In 2021, CHC offshore transport giant has completed the acquisition of Babcock International’s oil-and-gas aviation business.

Segments covered in the Report:

The Global Aviation Lubricants Market has been segmented on the basis of Type, Technology, End User, Application, Platform and Regions. Based on the Type, the market is segmented into Engine Oil, Hydraulic Fluid, Special Lubricants and Additives, and Grease. Based on the Technology, the market is segmented into Synthetic and Mineral-based. Based on the End User, the market is segmented into OEM and Aftermarket. Based on the Application, the market is segmented into Engine, Hydraulic Systems, Landing Gear, Airframe, and Others. Based on the Platform, the market is segmented into Commercial Aviation, Military Aviation, and Business & General Aviation.

Report Coverage	Details
Market Revenues (2024)	USD 951 million
Market Base Year	2024
Market Forecast Period	2025-2032
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Technology, By End User, By Application, By Platform, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Exxon Mobil, Castrol, Fuchs Group, Phillips 66, Sinopec, Total S.A., Petrobras, Chevron Corporation, British Petroleum, Shell,  and among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Aviation Lubricant Market by Type

• • Engine Oil
  • Hydraulic Fluid
  • Special Lubricants and Additives
  • Grease

Global Aviation Lubricant Market by Technology

• • Synthetic
  • Mineral-based

Global Aviation Lubricant Market by End User

• • OEM
  • Aftermarket

Global Aviation Lubricant Market by Application

• • Engine
  • Hydraulic Systems
  • Landing Gear
  • Airframe
  • Others

Global Aviation Lubricant Market by Platform

• • Commercial Aviation
  • Military Aviation
  • Business & General Aviation

Global Aviation Lubricant Market by Region

• • North America Aviation Lubricant Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By End User
    • By Application
    • By Platform
    • US Market All-Up
    • Canada Market All-Up

  • Europe Aviation Lubricant Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By End User
    • By Application
    • By Platform
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Aviation Lubricant Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By End User
    • By Application
    • By Platform
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Aviation Lubricant Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Technology
    • By End User
    • By Application
    • By Platform
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Aviation Lubricant (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Exxon Mobil
  • Castrol
  • Fuchs Group
  • Phillips 66
  • Sinopec
  • Total S.A.
  • Petrobras
  • Chevron Corporation
  • British Petroleum
  • Shell