Aviation Lubricant Market to offer a healthy CAGR of 7.2% during 2020-25
February 13, 2020
Aviation Lubricant Market Overview:
Aviation lubricant market is likely to witness an impressive CAGR of 7.2% during the forecast period. This unprecedented growth is owing to the rising aircraft orders driven by the snowballing passenger traffic globally. Escalating attention on improved efficiency of aircraft systems is also driving the growth of the global aviation lubricant market.
Report Overview:
This new report from Stratview Research analyses the Aviation Lubricant Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aviation Lubricant Market Segment Insights:
Engine Oil: The growth engine
Based on the type, the market is segmented as hydraulic fluid, engine oil, grease, and special lubricants and additives. The engine oil segment is estimated to register the highest growth in the coming five years. The growth of this segment is owing to the progression of advanced aircraft engines and the rise in the commercial aircraft fleets.
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https://www.stratviewresearch.com/toc/642/aviation-lubricant-market.html
Dominance of: Military Aviation, Synthetic and Engine
Based on the aviation type, the market is segmented as commercial aviation, military aviation, and business and general aviation. The military aviation segment is expected to witness the highest growth during the forecast period. The growth of this segment is fueled by the rising number of aircraft orders for military aviation across the globe.
Based on the technology type, the market is segmented as mineral-based and synthetic. The synthetic segment is expected to register a higher growth during the forecast period. This growth can be ascribed to the growing demand for advanced lubricants to improve the performance of an aircraft.
Based on the application type, the market is segmented as hydraulic systems, engine, landing gears, airframe, and others. The engine segment was estimated to impose the aviation lubricant market in 2018. The growth of this segment was attributed to the increase in the use of specialized and advanced lubricants.
A highly/moderately/fragment consolidated Market
Some of the major players in the aviation lubricant market are BP plc, Candan Industries, Eastman Chemical Company, Exxon Mobil Corporation, Lanxess Aktiengesellschaft, The PJSC Lukoil Oil Company, The Phillips 66 Company, The Chemours Company, Royal Dutch Shell, and Nye Lubricants, Inc.
Regional Hegemony of North America & the dominance of MRO
In terms of regions, North America was estimated to remain dominant in the global aviation lubricant market in 2018. Giant commercial and military aircraft manufacturers, such as Boeing (US) and Lockheed Martin (US) are based in North America. Also, the region holds the largest aircraft fleet in the world, and thus, creates a huge demand for aviation lubricant products. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Based on the end-user type, the market is segmented as OEM and MRO. The MRO segment was estimated to remain dominant in 2018. The growth of this segment is owing to the rise in the aircraft fleet of the emerging economies in the commercial and military aviation sectors, during the forecast period.
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