Aircraft Lubricant Market
Report code - SRAD179 | Published On : NA | Status: Upcoming

Aircraft Lubricant Market by Type (Hydraulic Fluid, Engine Oil, Grease, and Special Lubricants and Additives), by Technology Type (Mineral-based Lubricants and Synthetic Lubricants), by Aircraft Type (Commercial Aircraft, Military Aircraft, and General Aviation), by End-User Type (OE and MRO), by Application Type (Hydraulic Systems, Engine, Landing Gear, Airframe, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

This report, from Stratview Research, studies the aircraft lubricant market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Aircraft Lubricant Market: Highlights

The lubricant market for the aircraft industry seems prosperous with attractive growth opportunities in the entire ecosystem of the market. Major oil & gas companies have fervently been developing lubricants meeting the aerospace industry requirements in order to quickly gain the market share. The global aircraft lubricant market is projected to witness a healthy CAGR of 5.3% during the forecast period 2018-2023.  There are several factors driving the demand for lubricants in the aerospace industry. Some of the most noticeable drivers are increasing aircraft deliveries owing to rising passenger traffic across the globe, growing focus on fuel-efficient aircraft, increasing demand for advanced military aircraft, especially by the emerging nations, and rising aircraft fleet size.

Furthermore, the supportive regulatory policies and stringent fuel emission norms are influencing the producers to healthily invest in R&D to develop usage-specific products with increased serviceability and viscosity. This trend is likely to an additional impetus to the growth of the market.

Boeing, in its commercial market outlook 2018-2037, states that there will be total deliveries of 42,730 commercial aircraft including regional aircraft worth US$ 6.3 trillion during 2018-2037 out of which 40,410 aircraft worth US$ 6.24 trillion would be of commercial aircraft. Asia-Pacific would be the biggest demand generator, will alone account for 39.6% of the total aircraft deliveries during the same period. In terms of aircraft fleet size, the global commercial aircraft fleet size is likely to become 2.1 times in 2037 from the current level of 19,990 aircraft to reach an unprecedented landmark of 42,730 aircraft in 2037.  These factors indicate a sustainable demand for lubricants in the aerospace industry across the globe in the foreseen future. 

Based on the aircraft type, the market is segmented into Commercial Aircraft, Military Aircraft, and General Aviation. Commercial aircraft is projected to remain the growth engine of the market during the forecast period, driven by a host of factors including rising commercial aircraft fleet in all four regions, increasing production of fuel-efficient commercial aircraft, the market entry of players, and advancement in lubricants.

Military aircraft, another major segment, is also likely to generate sizeable opportunities for lubricant players in the coming five years. Rising demand for fifth-generation combat aircraft, such as Lockheed Martin F-35, increasing defense budget of the developing economies, such as China and India, to protect their geographical territories, are among the major drivers for growth in the military aircraft segment.

Based on the application type, the market is segmented into Hydraulic Systems, Engine, Landing Gear, Airframe, and Others. In 2017, the engine segment dominates the market and is expected to remain the largest segment during the forecast period. Introduction of lightweight and fuel-efficient engines including LEAP and GE9x along with an increased usage of specialized and advanced lubricants is mainly driving the demand for lubricants in the segment.  

Based on the technology type, the aircraft lubricant market is segmented into Synthetic and Mineral-based Lubricants. Synthetic lubricants are expected to witness the higher growth in the global aircraft lubricant market over the next five years, owing to an increasing need to enhance the performance of an aircraft by utilizing advanced lubricants.

Based on the regions, North America is expected to remain the largest market for aircraft lubricants during the forecast period. The region has the presence of major aircraft manufacturers, such as Boeing, Bombardier, Lockheed Martin, Bell Helicopter and Sikorsky Aircraft Corporation. The region also owns one of the largest fleets of commercial aircraft and the largest fleet of regional, general aviation, and military aircraft. There has been a sizeable increase in the air passenger traffic in the region, which is likely to five an additional impetus to the demand for lubricants in the region.  

Asia-Pacific is estimated to be the fastest-growing aircraft lubricant market in the same period, primarily driven by high commercial aircraft fleet to support rising passenger and freight traffic, indigenous production of commercial and regional aircraft, the opening of assembly plants in China by both major commercial aircraft OEMs (Boeing and Airbus) and increasing defense budget. Major Asian countries including China, India, and South Korea, are incessantly increasing their defense budget with the purpose to acquire the latest aircraft to augment their existing capabilities. This, in turn, is projected to drive an additional demand for lubricants in the region in the coming five years. 

Europe, another major market, is also likely to offer sizeable growth opportunities over the next five years, propelled by the presence of OEMs, such as Airbus and ATR. Increasing aircraft production rates, such as A320 family including neo variants and A350XWB, are likely to generate the demand for lubricants in the region in the foreseeable future.  

The supply chain of this market comprises raw material suppliers, lubricant manufacturers, OEMs, and end-users. The key aircraft lubricants manufacturers for the aircraft industry are Exxon Mobil, Total S.A., BP plc., The Chemours Company, Royal Dutch Shell plc, Lanxess, Lukoil, Phillips 66, Candan Industries, Nye Lubricants, and Eastman Chemical.   New product development, regional expansion, and the formation of long-term relationships with customers are some of the key strategies adopted by the major players to gain a competitive edge in the market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

The aircraft lubricant market is segmented into the following categories. 

Aircraft Lubricant Market by Lubricant Type:

  • Hydraulic Fluid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Engine Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Grease (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Special Lubricants & Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Lubricant Market by Application Type:

  • Hydraulic Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Lubricant Market by Technology Type:

  • Mineral-Based Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Synthetic Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Lubricant Market by Aircraft Type:

  • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Lubricant Market by End-User Type:

  • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • MRO (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Lubricant Market by Region:

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the aircraft type by lubricant type  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com. 


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.       Executive Summary  

2.       Aircraft Lubricant Market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Lubricant Type

2.2.2.                         By Technology Type

2.2.3.                         By Aircraft Type

2.2.4.                         By End-User Type

2.2.5.                         By Application Type

2.2.6.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                Industry Life Cycle Analysis

2.7.                PEST Analysis: Impact Assessment of Changing Business Environment

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.       Aircraft Lubricant Market Analysis – by Lubricant Type 

3.1.                Strategic Insights 

3.2.                Hydraulic Fluid: Aircraft Lubricant Market Trend and Forecast (US$ Million)

3.2.1.                         Regional Trend and Forecast (US$ Million)

3.3.                Engine Oil: Aircraft Lubricant Market Trend and Forecast (US$ Million)

3.3.1.                         Regional Trend and Forecast (US$ Million)

3.4.                Grease: Aircraft Lubricant Market Trend and Forecast (US$ Million)

3.4.1.                         Regional Trend and Forecast (US$ Million)

3.5.                Special Lubricants & Additives: Aircraft Lubricant Market Trend and Forecast (US$ Million)

3.5.1.                         Regional Trend and Forecast (US$ Million)

4.       Aircraft Lubricant Market Analysis – By Technology Type   

4.1.                Strategic Insights 

4.2.                Mineral-Based Aircraft Lubricant Market Trend and Forecast (US$ Million)

4.2.1.                         Regional Trend and Forecast (US$ Million)

4.3.                Synthetic-based Aircraft Lubricant Market Trend and Forecast (US$ Million)

4.3.1.                         Regional Trend and Forecast (US$ Million)

5.       Aircraft Lubricant Market Analysis – By Aircraft Type

5.1.                Strategic Insights 

5.2.                Commercial Aircraft Lubricant Market Trend and Forecast (US$ Million)

5.2.1.                         Regional Trend and Forecast (US$ Million)

5.3.                Military Aircraft Lubricant Market Trend and Forecast (US$ Million)

5.3.1.                         Regional Trend and Forecast (US$ Million)

5.4.                General Aviation Lubricant Market Trend and Forecast (US$ Million)

5.4.1.                         Regional Trend and Forecast (US$ Million)

6.       Aircraft Lubricant Market Analysis – By End-User Type

6.1.                Strategic Insights 

6.2.                OE: Aircraft Lubricant Market Trend and Forecast (US$ Million)

6.2.1.                         Regional Trend and Forecast (US$ Million)

6.3.                MRO: Aircraft Lubricant Market Trend and Forecast (US$ Million)

6.3.1.                         Regional Trend and Forecast (US$ Million)

7.       Aircraft Lubricant Market Analysis – By Application Type

7.1.                Hydraulic Systems: Aircraft Lubricant Market Trend and Forecast (US$ Million)

7.1.1.                         Regional Trend and Forecast (US$ Million)

7.2.                Engine: Aircraft Lubricant Market Trend and Forecast (US$ Million)

7.2.1.                         Regional Trend and Forecast (US$ Million)

7.3.                Landing Gear: Aircraft Lubricant Market Trend and Forecast (US$ Million)

7.3.1.                         Regional Trend and Forecast (US$ Million)

7.4.                Airframe: Aircraft Lubricant Market Trend and Forecast (US$ Million)

7.4.1.                         Regional Trend and Forecast (US$ Million)

7.5.                Others: Aircraft Lubricant Market Trend and Forecast (US$ Million)

7.5.1.                         Regional Trend and Forecast (US$ Million)

8.       Aircraft Lubricant Market Analysis – By Region  

8.1.                Strategic Insights 

8.2.                North American Aircraft Lubricant Market Analysis

8.2.1.                         North American Aircraft Lubricant Market T&F, by Country (US$ Million)

8.2.1.1.                                   The USA: Aircraft Lubricant Market T&F (US$ Million)

8.2.1.2.                                   Canada: Aircraft Lubricant Market T&F (US$ Million)

8.2.1.3.                                   Mexico: Aircraft Lubricant Market T&F (US$ Million)

8.2.2.                         North American Aircraft Lubricant Market T&F, by Lubricant Type (US$ Million)

8.2.3.                         North American Aircraft Lubricant Market T&F, by Technology Type (US$ Million)

8.2.4.                         North American Aircraft Lubricant Market T&F, by Aircraft Type (US$ Million)

8.2.5.                         North American Aircraft Lubricant Market T&F, by End-User Type (US$ Million)

8.2.6.                         North American Aircraft Lubricant Market T&F, by Application Type (US$ Million)

8.3.                Europe Aircraft Lubricant Market Analysis

8.3.1.                         Europe Aircraft Lubricant Market T&F, by Country (US$ Million)

8.3.1.1.                                   Germany: Aircraft Lubricant Market T&F (US$ Million)

8.3.1.2.                                   France: Aircraft Lubricant Market T&F (US$ Million)

8.3.1.3.                                   The UK: Aircraft Lubricant Market T&F (US$ Million)

8.3.1.4.                                   Spain: Aircraft Lubricant Market T&F (US$ Million)

8.3.1.5.                                   Russia: Aircraft Lubricant Market T&F (US$ Million)

8.3.1.6.                                   Rest of Europe: Aircraft Lubricant Market T&F (US$ Million)

8.3.2.                         Europe Aircraft Lubricant Market T&F, by Lubricant Type (US$ Million)

8.3.3.                         Europe Aircraft Lubricant Market T&F, by Technology Type (US$ Million)

8.3.4.                         Europe Aircraft Lubricant Market T&F, by Aircraft Type (US$ Million)

8.3.5.                         Europe Aircraft Lubricant Market T&F, by End-User Type (US$ Million)

8.3.6.                         Europe Aircraft Lubricant Market T&F, by Application Type (US$ Million)

8.4.                Asia-Pacific’s Aircraft Lubricant Market Analysis

8.4.1.                         Asia-Pacific’s Aircraft Lubricant Market T&F, by Country (US$ Million)

8.4.1.1.                                   China: Aircraft Lubricant Market T&F (US$ Million)

8.4.1.2.                                   Japan: Aircraft Lubricant Market T&F (US$ Million)

8.4.1.3.                                   India: Aircraft Lubricant Market T&F (US$ Million)

8.4.1.4.                                   Rest of Asia-Pacific: Aircraft Lubricant Market T&F (US$ Million)

8.4.2.                         Asia-Pacific Aircraft Lubricant Market T&F, by Lubricant Type (US$ Million)

8.4.3.                         Asia-Pacific Aircraft Lubricant Market T&F, by Technology Type (US$ Million)

8.4.4.                         Asia-Pacific Aircraft Lubricant Market T&F, by Aircraft Type (US$ Million)

8.4.5.                         Asia-Pacific Aircraft Lubricant Market T&F, by End-User Type (US$ Million)

8.4.6.                         Asia-Pacific Aircraft Lubricant Market T&F, by Application Type (US$ Million)

8.5.                Rest of the World’s (RoW) Aircraft Lubricant Market Analysis

8.5.1.                         RoW’s Aircraft Lubricant Market T&F, by Sub-Region (US$ Million)

8.5.1.1.                                   The Middle East: Aircraft Lubricant Market T&F (US$ Million)

8.5.1.2.                                   Latin America: Aircraft Lubricant Market T&F (US$ Million)

8.5.1.3.                                   Others: Aircraft Lubricant Market T&F (US$ Million)

8.5.2.                         RoW’s Aircraft Lubricant Market T&F, by Lubricant Type (US$ Million)

8.5.3.                         RoW’s Aircraft Lubricant Market T&F, by Technology Type (US$ Million)

8.5.4.                         RoW’s Aircraft Lubricant Market T&F, by Aircraft Type (US$ Million)

8.5.5.                         RoW’s Aircraft Lubricant Market T&F, by End-User Type (US$ Million)

8.5.6.                         RoW’s Aircraft Lubricant Market T&F, by Application Type (US$ Million)

9.       Competitive Analysis

9.1.                Strategic Insights

9.2.                Product Portfolio Analysis

9.3.                Presence by Application Type

9.4.                Presence by Aircraft Type

9.5.                Geographical Presence

9.6.                New Product Launches

9.7.                Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.  

9.8.                Market Share Analysis

10.   Strategic Growth Opportunities

10.1.            Strategic Insights

10.2.            Market Attractive Analysis

10.2.1.                    Market Attractiveness by Lubricant Type

10.2.2.                    Market Attractiveness by Technology Type

10.2.3.                    Market Attractiveness by Aircraft Type

10.2.4.                    Market Attractiveness by End-User Type

10.2.5.                    Market Attractiveness by Application Type

10.2.6.                    Market Attractiveness by Region

10.2.7.                    Market Attractiveness by Country

10.3.            Emerging Trends

10.4.            Growth Matrix Analysis

10.5.            Key Success Factors

11.   Company Profile of Key Players

11.1.            BP Plc.

11.2.            Eastman Chemical Company

11.3.            Exxon Mobil Corporation  

11.4.            Lanxess Aktiengesellschaft

11.5.            Nye Lubricants, Inc. 

11.6.            Royal Dutch Shell plc

11.7.            The Chemours Company 

11.8.            The Phillips 66 Company

11.9.            The PJSC Lukoil Oil Company

11.10.          Total S.A.



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