Aerospace Lubricants Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


#11127

Persistence Market Research

$ 4900

Aerospace Lubricants Market: Introduction

Aerospace lubricants are used to reduce the friction between the components of aerospace that are in direct contact in order to prevent wear and tear. Other purposes of aerospace lubricants include cooling of parts, providing anti-corrosion and rust-free properties, sealing in the gaps, etc. Lubricants are responsible for the smooth running of parts and components, which further results in better fuel economy and engine efficiency. Aerospace lubricants are prepared to withstand extreme pressure and temperature. These lubricants are used in various aerospace parts, such as auxiliary drive spine shaft, fan motor, control valves, bearings, seals, liquid fuelled turbines, reduction gears and wing flap actuators, among others. Aerospace lubricants are also used in space suits to seal the valves and connectors of the oxygen breathing system. Deep space flights use a special type of aerospace lubricant, which demands high reliability and long duration of lubrication for critical parts in order to operate smoothly without creating any disturbances during the exposure to high temperature or vacuum. Increasing growth in the civil aviation and space industry resulted in the growth of the global aerospace lubricant market.

Aerospace Lubricants Market: Dynamics

The demand to improve fuel economy and better efficiency with the fulfilment of fuel emission norms is driving the growth of the global aerospace lubricants market. The growing air passenger traffic due to reduced airfares has led to an increase in the number of aircrafts, which resulted in the development of the aerospace lubricant market to a significant extent. In spacecraft or rockets, with the usage of high-quality aerospace lubricant, the maintenance requirement is reduced which seems to be very helpful when long life is critical for the success of the mission. Hence, the global demand for quality-based aerospace lubricants is rising at a good pace.

Intense competition in the aviation companies has led to the demand for better performance aerospace lubricants with value-added characteristics. Hence, the manufacturers of aerospace lubricants have to face certain challenges in order to provide better-quality product with reduced cost to receive higher fuel economy and increased efficiency.

Technological developments in aerospace lubricants, such as perfluoropolyether-based oil and greases providing a notable list of aerospace features, are in ongoing trend. The main feature of this oil is that its lubricity and viscosity are not affected within the temperature range of ?710°F to 7500°F. There are certain lubricants with salient features, such as non-flammable, non-toxic, non-evaporative and are compatible with many metals, paints and elastomers. Such products are in growing demand and are leading the market for global aerospace lubricants into brighter direction.

Aerospace Lubricants Market: Segmentation

The aerospace lubricant market can be segmented based on oil type, product type and application

By oil, the global aerospace lubricant market can be segmented as:

  • Gas turbine oil
  • Piston engine oil
  • Grease
  • Others

By product type, the global aerospace lubricant market can be segmented as:

  • Group I - simple refining process
  • Group II – hydrotreated
  • Group III – hydrocracked
  • Group IV – synthesizing process

By application, the global aerospace lubricant market can be segmented as:

  • Civil aviation
  • Defense
  • Space

The high growth rate of the civil aviation industry is expected to drive the global market for aerospace lubricants.

Aerospace Lubricants Market: Regional Outlook

The need for the reduction in the maintenance of components is thus increasing the demand for better quality aerospace lubricants. Increasing air traffic along with reduced fares in the countries, such as China and India, is one of the key factors for the growth of the aerospace lubricant market in Asia Pacific. With growing investments in the defence sector in the prominent regions of Eastern Europe and Japan has also led to the significant growth of the aerospace lubricant market. Agencies like NASA (National Aeronautics and Space Administration), KARI (Korea aerospace research institute), Iranian space agency and ISRO (Indian Space Research Organization) are investing on their space studies and launching spaceships and satellite which require high-quality aerospace lubricants. Such investments may uplift the demand of aerospace lubricants significantly.

Aerospace Lubricants Market: Participants

Examples of some of the market participants identified across the value chain of the global aerospace lubricants market include:

  • Aerospace Lubricant, Inc.
  • DuPont
  • Castrol
  • Phillips 66
  • Chevron Corporation
  • FUCHS Group
  • Quaker Chemical Corporation
  • Total Lubricant
  • Sinopec oils

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.