Aerospace Lubricants Market Shares, Strategies and Forecast Worldwide, 2017 – 2025

Press Release

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.

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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

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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

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain

Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint

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