Aviation Lubricants Market size was over USD 895.87 million in 2024 and is poised to exceed USD 1.95 billion by 2037, witnessing over 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aviation lubricants is evaluated at USD 943.08 million.
The extensive spread will intensely harm the market as compared to the limited spread case. Airlines being side-lined and not in use has negatively affected the lubricant industry as well. The aviation lubricant market is a supporting market for the aviation industry. Hence, the direct impact can be seen on the lubricant market. The market will pick up the pace after the pandemic gets over, but in the present year, the market is not doing well.
Growth Drivers
Challenges
As the aviation industry is presently at a halt due to lockdowns and ban on imports and exports, the supporting markets such as aviation lubricants market are also facing the harsh effects. If the pandemic lasts longer than it is anticipated, the market is predicted to face huge losses.
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.20% |
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Base Year Market Size (2024) |
USD 895.87 million |
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Forecast Year Market Size (2037) |
USD 1.95 billion |
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Regional Scope |
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The aviation lubricant market is segmented by lubricant type, by aviation type, by technology, by application, by end- user, and by region. By aviation type, the market is segmented into general aviation, commercial aviation, military aviation and helicopters, out of which, the segment for commercial aviation is anticipated to hold the leading market share on account of high number of commercial flights operating daily globally for transporting passengers as well as cargo.
Our in-depth analysis of the global market includes the following segments
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By Lubricant Type |
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By Aviation Type |
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By Technology |
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By Application |
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By End User |
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On the basis of region-wise analysis, the aviation lubricants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America industry is likely to dominate majority revenue share by 2037, as the region keeps on upgrading the aircraft for military and commercial use. After North America, the aviation lubricant market is estimated to witness significant growth in the Asia Pacific region as the air traffic in the countries located in this region is rising. The imports and export activities also contribute to increasing cargo airplane demand which in turn increase the demand for lubricants.
March 23, 2020: In the wake of COVID- 19, Royal Dutch Shell plc reduced its underlying operating costs by US$ 3-4 billion per annum as compared to that of 2019, further, the cash capital expenditure further reduced to US$ 20 billion or below for 2020 which was US$ 25 billion earlier.
March 24, 2020: Phillips 66 announced the reduction of the consolidated capital spending for the year 2020 by US$ 700 million, which stands to US$ 3.1 billion now. Also, operating and administrative cost reduced by US$ 500 million.
Author Credits: Rajrani Baghel
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