- Engine Oil
- Hydraulic Fluid
- Special Lubricants & Additives
Aviation Lubricants Market size was valued at USD 832.7 million in 2021 and is poised to grow at a significant CAGR of 6.7% over 2022â€“2028. The aviation industry is committed to achieving challenging carbon reduction targets. As a result, sustainable aviation fuel has been recognized as one of the crucial components in achieving these objectives. Due to the aviation industry's adoption of environmentally friendly efforts, there is a growing demand for sustainable alternatives to conventional lubricants because they are hazardous, non-biodegradable, and pollute water and air resources. For instance, lubricants made from plants are becoming more popular in aviation. These lubricants are utilized as specialized additives since they are not exceptionally stable at high temperatures and pressures. For instance, military aircraft employ MIL-G-6032, grease with a vegetable oil base, to lubricate pump bearings, valves, and fittings. Such lubricants are advantageous for more than only the environment because they can improve operational metrics like higher active life and reduced consumption in addition to saving energy. The need for aviation lubricants on the global market will increase as the navy and army emphasize purchasing aircraft. Additionally, due to the aviation industry's preference for passenger safety and comfort, the need for aviation lubricants will keep rising on the global market. As passenger traffic and aircraft orders grow, the aviation lubricants market will change over the anticipated years. Moreover, airlines must use lightweight components and materials to reduce the aircraft's weight and increase efficiency. In aviation, hydraulic systems are used because they are light, user-friendly, and provide the proper mechanical power transfer. Compared to the Class 2 standard density fluid, the Type IV hydraulic fluid Class I low-density category helps lighten aircraft. Exxon HyJet IV-A plus and other low-density fluids are in high demand due to their unique mechanical properties. These lubricants increase equipment longevity and reduce repair expenses. As a result, there is an excellent opportunity for aviation lubricant producers to enter the low-density lubricant industry. Recent Market Developments: In April 2022, Mesa Airlines signed a five-year contract with Boeing Distribution Inc. (formerly Aviall) to procure ExxonMobil aviation lubricants, namely Mobil Jetâ„¢ Oil II and Mobilâ„¢ HyJetâ„¢ IV-Aplus, across its entire fleet comprising over 160 aircraft. In April 2021, LANXESS launched an organic lubricant additive for high-performance engine oils. The new Addition RC 3502 has been specifically developed to reduce friction and deliver sustained performance and anti-wear protection. In April 2021, NYCO introduced the NYCO Grease GN 3058, which provides outstanding performances in four key properties for applications such as wheel bearings, propeller bearings, and highly loaded landing gear areas: the base oil viscosity, the load wear index, the resistance to water washout and the oil separation.
Fastest Growing Market
The commercial aviation lubricant industry is expected to be driven by the stable growth in the world's gross domestic product, a more significant desire for travel among consumers worldwide, and the comparably reduced pricing of commodities like crude oil and lubricants. The aviation lubricant market is a notable market to grow throughout the projected period due to increasing aircraft industry demand driving research, development, and innovation by several key market participants to keep up with the advancing demand. The market is constrained by lubricating oil contamination and lubricants' capacity to operate in harsh environments.
The aviation lubricants market is projected to expand at a CAGR of 6.7% during the forecast period
Lanxess, Lukoil, Nyco, Nye Lubricants, Inc. (Fuchs Petrolub), Rocol, Royal Dutch Shell Plc, The Chemours Company
North America is the fastest-growing region for aviation lubricants market