Aviation Lubricants Market

Aviation Lubricants Market by Type (Engine Oil, Hydraulic Fluid, Special Lubricants & Additives, Grease), Technology, End User, Application, Platform (Commercial Aviation, Military Aviation, Business & General Aviation) & Region - Global Forecast to 2027

Report Code: AS 5898 May, 2022, by marketsandmarkets.com

[269 Pages Report] The aviation lubricants market is estimated at USD 804 million in 2022 and is projected to reach USD 1,082 million by 2027, at a CAGR of 6.1% from 2022 to 2027. In the commercial aviation sector, the rise in air passenger traffic has encouraged fleet modernization programs being undertaken by global airline operators, which has driven the demand for new aircraft. Similarly, the increasing number of HNWIs and the increasing defense budget has also benefitted the business & general aviation and military aviation sectors, respectively. Moreover, the need to keep the fleet airworthy has also encouraged MRO activities being conducted on the aircraft, thereby boosting the demand from the MRO sector as well.

Aviation Lubricants Market

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Aviation Lubricants Market Dynamics:

Driver: Growing active fleet driving demand from both OEM and MRO sectors

According to Boeing’s commercial outlook, the active commercial fleet is poised to grow at 3.1% between 2021 and 2040, with Asia Pacific registering the highest number of deliveries and the regional fleet growing at a CAGR of 4.2% during the period. Similarly, an increase in defense expenditure by the leading countries such as the US, UK, Russia, and China is expected to drive the supply chain of military aviation, as the funds would be directed to drive both the development and adoption of new aircraft but also drive the MRO activities required to maintain the airworthiness of the existing fleet.

Besides, as more sophisticated aircraft are being developed and inducted, several sophisticated subsystems are being integrated into them that require efficient lubrication to prevent system failures and increase the reliability and component life of the integrated systems. This has encouraged the development of advanced lubricants to support the operational parameters of the different types of aircraft. Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies Company (France), BP p.l.c. (UK), and PJSC LUKOIL (Russia) are the leading players in the aviation lubricants market.

Restraint: High susceptibility to contamination of lubricants

Lubricants are susceptible to contamination through improper storage and faulty maintenance practices. The use of contaminated lubrication can be disastrous to an aircraft, especially for the engine. For instance, the carbon that is formed in the bearing compartments near hot turbine sections breaks off and circulates through the lubricating systems when oil evaporates under high heat conditions. Though, the pieces of carbon are usually not hard enough or large enough to cause failure of the pumps, they may be large enough to clog small filters or nozzles. Furthermore, the presence of sand, dirt, and metallic particles in the lube system is another source of operational contamination.

Improper oil mixing and servicing are some of the prominent faulty maintenance practices that can result in the contamination of lubricating fluid. Other sources of contamination include but are not limited to rust, improper sealing of storage container, which may either induce impurities in the aviation lubricant or deteriorate its mechanical properties, such as viscosity and density.

Opportunity: Green aviation initiatives driving the adoption of environmentally safe lubricants

The global aviation community is committed to ambitious emissions reduction goals. Hence, Sustainable Aviation Fuel has been identified as one of the key elements in helping achieve these goals. Since, traditional lubricants are toxic, non-biodegradable, and contaminate air and water resources, the demand for sustainable alternatives is increasing due to the adoption of environment-friendly initiatives by the aviation sector. For instance, vegetable-based lubricants are gaining preference in the aviation industry. However, these lubricants are not very stable at high temperatures and pressures and, thus, are used as specialty lubricants or additives. MIL-G-6032 is a vegetable oil-based grease used for the lubrication of specific pump bearings, valves, and fittings in military aircraft. Such lubricants are beneficial for more than just the environment as they can not only save energy, but also enhance operational parameters such as higher operational life and lower consumption.

Challenge: Adherence to stringent regulations

Aviation lubricants are required to possess significantly higher performance parameters than the general lubricants used in other industries. Hence, to target their product offering to a wider customer base, aviation lubricant manufacturers and users need to consult the applicable technical specifications for the grade of oil recommended for use in an engine. In general, the Society of Automotive Engineers (SAE) classifies engine oils by viscosity grades. Oils are classified based on their measured viscosity at high temperatures for single grade oils and at low and high temperatures for multigrade oils. However, the multigrades have a high viscosity index (VI) and may fall into more than one SAE grade classification. For instance, the SAE standard J1966 establishes the requirements for non-dispersant, (straight grade) mineral lubricating oils used in four-stroke cycle piston aircraft engines. It covers the same requirements as the former military specification MIL-L-6082. J1899 establishes the requirements for lubricating oils containing ashless dispersant additives, the same as MIL-L-22851. Stringent emission norms are expected to affect the current product portfolio of the market players, forcing them to spend extensive financial and technical resources to develop high performance aviation lubricants that not only comply with operational standards but also with the emerging emission norms.

Aviation Lubricants Market Ecosystem

Prominent companies that provide aviation lubricants, private and small enterprises, distributors/suppliers/retailers, and end customers (OEMs and MROs) are the key stakeholders in the aviation lubricants market ecosystem. Investors, funders, academic researchers, distributors, service providers, and airport and aerodrome authorities serve as the major influencers in the aviation lubricants market.

Aviation Lubricants Market  by Region

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The commercial aviation segment of the aviation lubricants market is projected to dominate market share between 2022 and 2027

The aviation lubricants market has been segmented based on type, technology, end user, application, platform, and region. Based on platform, the aviation lubricants market has been segmented into commercial aviation, military aviation, and business & general aviation. The commercial aviation segment accounted for 51.5% of the global market in 2022 and is anticipated to occupy a dominant share of the market by the end of 2027 due to factors such as increasing air passenger traffic driving the demand for new generation aircraft and encouraging the OEM segment and the increasing fleet that is required to undergo scheduled maintenance driving MRO demand for lubricants.

The engine segment of the aviation lubricants market is estimated to have the largest share in 2022

Based on application, the aviation lubricants market has been segmented into engine, landing gear, airframe, hydraulic systems, and others. The others segment comprises cockpit systems and cabin interiors. The engine application segment accounted for the largest share of 67.2% of the aviation lubricants market in 2022 and is poised for growth a 6.2% CAGR during the forecast period (2022-2027) on account of the cruciality of lubricants to ensure the smooth operations of aircraft engines.

The aftermarket segment of the aviation lubricants market is estimated to have the highest CAGR during the forecast period

Based on end user, the aviation lubricants market is segmented into OEM (Original Equipment Manufacturer) and aftermarket. The aftermarket end user segment accounted for 98% of the overall aviation lubricants market in 2022 and is projected to grow at a CAGR of 6.2% during the forecast period. The growing fleet of commercial and military aircraft and increasing consumption of lubricants to ensure airworthiness of the fleet are driving the growth in the aftermarket segment.

The synthetic segment of the aviation lubricants market is estimated to dominate market share during the forecast period

Based on technology, the aviation lubricants market is segmented into synthetic and mineral-based lubricants. Owing to their superior performance parameters, as compared to their mineral-based counterparts, the synthetic lubricant segmented accounted for 73% of the total market in 2022 and is projected to hold its dominance in terms of market share during the forecast period.

The engine oil segment of the aviation lubricants market is estimated to dominate market share during the forecast period

Based on type, the aviation lubricants market is segmented into engine oil, hydraulic fluid, special lubricants & additives and grease. Engine oil is projected to dominate market share during the forecast period due to their application in the engines to keep them lubricated, cool, and free from external contaminants. Furthermore, the constant replenishment of engine oils as and when required after a flight also boosts their demand as they are required to strictly operate under certain parameters to avoid catastrophic failure.

North America is estimated to have the largest market in 2022 for aviation lubricants

North America is estimated to be the largest market for aviation lubricants in 2022, followed by Asia Pacific and Europe. This is attributed to the low oil prices and improved efficiency of aircraft operations that are fueling the growth of the aviation industry in the North American region. Moreover, several airline operators such as American Airlines, Delta Air Lines, Southwest Airlines, Air Canada, and WestJet are focusing on increasing their profitability by making efficient use of their aircraft fleets. The increase in operating hours of commercial aircraft fleet of various airlines and expansion of aircraft fleet of defense forces of different countries in the region are also driving the growth of the North America aviation lubricants market.

Aviation Lubricants Market  by Region

Key Market Players

Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies Company (France), BP p.l.c. (UK), and PJSC LUKOIL (Russia), among others, are key players operating in the aviation lubricants market.

Shell plc (UK) is the leading player in the aviation lubricants market. The company’s well-established distribution network and brand value serve as an essential factor for its growth. It manufactures products that offer benefits such as low maintenance costs, long equipment life, and reduced energy consumption. The company focuses on inorganic and organic strategies. The company’s strategy for sustainable long-term growth involves expansion in the member countries of the Association of Southeast Asian Nations (ASEAN).

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Scope of the Report

Report Metric

Details

Market size available for years

2018-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million)

Segments covered

By type, technology, end user, application, platform, and region

Geographies covered

North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America

Companies covered

Shell plc (UK), Exxon Mobil Corporation (US), TotalEnergies Company (France), BP p.l.c. (UK), and PJSC LUKOIL (Russia), among others

This research report categorizes the Aviation Lubricants Market based on type, technology, end user, application, platform, and region.

Aviation Lubricants Market, By Type

  • Engine Oil
  • Hydraulic Fluid
  • Special Lubricants and Additives
  • Grease

Aviation Lubricants Market, By Technology

  • Synthetic
  • Mineral-based

Aviation Lubricants Market, By End User

  • OEM
  • Aftermarket

Aviation Lubricants Market, By Application

  • Engine
  • Hydraulic Systems
  • Landing Gear
  • Airframe
  • Others

Aviation Lubricants Market, By Platform

  • Commercial Aviation
  • Military Aviation
  • Business & General Aviation

Aviation Lubricants Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In April 2022, Mesa Airlines signed a five-year contract with Boeing Distribution Inc. (formerly Aviall) to procure ExxonMobil aviation lubricants, namely Mobil Jet™ Oil II and Mobil™ HyJet™ IV-Aplus, across its entire fleet comprising over 160 aircraft.
  • In February 2022, BP p.l.c. announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico as part of its strategy to invest in focused and resilient hydrocarbons.
  • In November 2021, NYCO’s TurboNYCOil 600 was selected by airblue Limited, the second largest airline in Pakistan, for use in its fleet of A320 and A321 aircraft powered by CFM56 and LEAP engines.
  • In July 2021, TotalEnergies and Great Wall Motors (GWM) launched a tailor-made fluid, Quartz EV-DHTF2, for GWM’s latest “L.E.M.O.N.” Dedicated Hybrid Transmission (DHT). This highly integrated, high-efficiency, multi-mode gasoline-electric hybrid system features dual-motor hybrid technology, which achieves a perfect balance at all speeds and in all scenarios between high efficiency and high performance.
  • 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 delivers 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.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 37)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 SCOPE OF STUDY
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
    1.4 INCLUSIONS AND EXCLUSIONS
           TABLE 1 AVIATION LUBRICANTS MARKET: INCLUSIONS & EXCLUSIONS
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES
           FIGURE 1 AVIATION LUBRICANTS MARKET TO GROW AT HIGHER CAGR THAN PREVIOUS ESTIMATES

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 AVIATION LUBRICANTS MARKET RESEARCH DESIGN
    2.2 SECONDARY DATA
           2.2.1 SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 PRIMARY SOURCES
                    2.3.1.1 Insights from industry experts
    2.4 DEMAND & SUPPLY-SIDE ANALYSIS
           2.4.1 INTRODUCTION
           2.4.2 DEMAND-SIDE INDICATORS
                    2.4.2.1 Rise in global air passenger and cargo traffic
           2.4.3 SUPPLY-SIDE INDICATORS
                    2.4.3.1 Increasing production rates by aircraft manufacturers
    2.5 MARKET SIZE ESTIMATION
           2.5.1 SEGMENTS AND SUBSEGMENTS
    2.6 MARKET SIZE ESTIMATION
           2.6.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 1 (SUPPLY SIDE)
                    FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 2 (DEMAND SIDE)
           2.6.2 DOWN APPROACH
                    FIGURE 6 AVIATION LUBRICANTS MARKET: DOWN APPROACH
           2.6.3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    TABLE 2 PRIMARY INTERVIEWEES DETAILS
    2.7 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION METHODOLOGY
    2.8 GROWTH RATE ASSUMPTIONS
    2.9 ASSUMPTIONS FOR RESEARCH STUDY
           FIGURE 8 PARAMETRIC ASSUMPTIONS MADE FOR MARKET FORECAST
    2.10 RISKS

3 EXECUTIVE SUMMARY (Page No. - 55)
    FIGURE 9 ENGINE OIL TO ACCOUNT FOR LARGEST SHARE OF AVIATION LUBRICANTS MARKET
    FIGURE 10 COMMERCIAL AVIATION TO BE LARGEST CONSUMER OF AVIATION LUBRICANTS
    FIGURE 11 MINERAL-BASED LUBRICANTS DOMINATE OVERALL MARKET
    FIGURE 12 AFTERMARKET SEGMENT ACCOUNTS FOR LARGER SHARE OF AVIATION LUBRICANTS MARKET
    FIGURE 13 ENGINE SEGMENT TO BE LARGEST APPLICATION OF AVIATION LUBRICANTS
    FIGURE 14 REGIONAL ANALYSIS: AVIATION LUBRICANTS MARKET

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES IN AVIATION LUBRICANTS MARKET
           FIGURE 15 INCREASE IN AIR TRAVEL TO DRIVE MARKET
    4.2 AVIATION LUBRICANTS MARKET, BY TECHNOLOGY
           FIGURE 16 SYNTHETIC SEGMENT TO DOMINATE MARKET SHARE DURING FORECAST PERIOD
    4.3 AVIATION LUBRICANTS MARKET, BY PLATFORM
           FIGURE 17 COMMERCIAL AVIATION PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
    4.4 AVIATION LUBRICANTS MARKET, BY COUNTRY
           FIGURE 18 INDIA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 MARKET DYNAMICS OF AVIATION LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Large existing and growing commercial and military aviation fleet
                               TABLE 3 REGIONAL OUTLOOK OF AIR TRAFFIC GROWTH, FLEET GROWTH AND AIRCRAFT DELIVERIES
                               FIGURE 20 AIRCRAFT DELIVERIES, BY AIRCRAFT TYPE
                               FIGURE 21 AIRCRAFT FLEET SIZE, BY REGION (2021)
                    5.2.1.2 Increased complexity of aircraft engines necessitates proper lubrication
                    5.2.1.3 Increased consumption of synthetic lubricants
           5.2.2 RESTRAINT
                    5.2.2.1 Contamination of lubricating oils
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for low-density lubricants for reduced weight
                    5.2.3.2 Increasing demand for environmentally safe lubricants
           5.2.4 CHALLENGES
                    5.2.4.1 Operating capability of lubricants under extreme conditions
                    5.2.4.2 Thermal and oxidative stress on oil
                    5.2.4.3 Stringent regulatory norms
    5.3 TRENDS/DISRUPTION IMPACTING CUSTOMER'S BUSINESS
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AVIATION LUBRICANT MANUFACTURERS
                    FIGURE 22 REVENUE SHIFT IN AVIATION LUBRICANTS MARKET
    5.4 PRICING ANALYSIS
           TABLE 4 AVERAGE SELLING PRICE RANGE: AVIATION LUBRICANTS MARKET (BY TYPE)
    5.5 MARKET ECOSYSTEM
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 END USERS
                    FIGURE 23 MARKET ECOSYSTEM MAP: AVIATION LUBRICANTS
                    TABLE 5 AVIATION LUBRICANTS MARKET ECOSYSTEM
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: AVIATION LUBRICANTS MARKET
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 ON-SITE OIL ANALYSIS
           5.7.2 LUBRICANT PROPERTIES
    5.8 CASE STUDY ANALYSIS
           5.8.1 GREASE FOR ENGINE CONTROL ACTUATORS
           5.8.2 MIL-SPEC LANDING GEAR GREASE
    5.9 PORTER’S FIVE FORCES MODEL
           TABLE 6 AVIATION LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 COMPETITION IN THE INDUSTRY
    5.10 KEY STAKEHOLDERS & BUYING CRITERIA
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 25 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AVIATION LUBRICATION TECHNOLOGIES
                     TABLE 7 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AVIATION LUBRICATION TECHNOLOGIES (%)
           5.10.2 BUYING CRITERIA
                     FIGURE 26 KEY BUYING CRITERIA FOR AVIATION LUBRICATION TECHNOLOGIES
                     TABLE 8 KEY BUYING CRITERIA FOR AVIATION LUBRICATION TECHNOLOGIES
    5.11 KEY CONFERENCES & EVENTS IN 2022-2023
           TABLE 9 AIRCRAFT LUBRICANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.12 TARIFF REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY
           TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 TRADE ANALYSIS
           5.13.1 IMPORT SCENARIO OF LUBRICANTS
                     FIGURE 27 PETROLEUM AND OTHER LIQUIDS, US ANNUAL IMPORTS (THOUSAND BARRELS PER DAY)
           5.13.2 EXPORT SCENARIO OF LUBRICANTS
                     FIGURE 28 US LUBRICANTS EXPORTS TO KEY COUNTRIES (THOUSAND BARRELS)

6 INDUSTRY TRENDS (Page No. - 82)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN ANALYSIS
           FIGURE 29 SUPPLY CHAIN ANALYSIS OF AVIATION LUBRICANTS MARKET
    6.3 TECHNOLOGY TRENDS
           6.3.1 ADVANCED TURBINE ENGINE LUBRICANTS
                    6.3.1.1 Standard Performance Capable (SPC)
                    6.3.1.2 High-Performance Capable (HPC) Oils
                    6.3.1.3 Group II and Group III base oils pose strong competition to Group IV oils
           6.3.2 AVIATION OILS FOR ULTRALIGHT AIRCRAFT ENGINES
    6.4 IMPACT OF MEGATRENDS
    6.5 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 14 INNOVATIONS AND PATENT REGISTRATIONS, 2014-2021

7 AVIATION LUBRICANTS MARKET, BY TYPE (Page No. - 86)
    7.1 INTRODUCTION
           FIGURE 30 ENGINE OIL SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 15 AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 16 AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
    7.2 ENGINE OIL
           TABLE 17 ENGINE OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 18 ENGINE OIL MARKET, BY TYPE, 2022–2027 (USD MILLION)
           7.2.1 TURBINE ENGINE OIL
                    7.2.1.1 Increasing demand for commercial and military aviation to drive demand
           7.2.2 PISTON ENGINE OIL
                    7.2.2.1 Rise in business jets for business & general aviation to drive demand
    7.3 HYDRAULIC FLUID
           7.3.1 EXTENSIVE USE OF HYDRAULIC SYSTEMS FOR FLIGHT CONTROL SYSTEMS TO DRIVE DEMAND
    7.4 SPECIAL LUBRICANTS & ADDITIVES
           7.4.1 INCREASING MRO ACTIVITIES TO DRIVE DEMAND
    7.5 GREASE
           7.5.1 EXTENSIVE FLIGHT HOURS TO DRIVE DEMAND

8 AVIATION LUBRICANTS MARKET, BY TECHNOLOGY (Page No. - 91)
    8.1 INTRODUCTION
           FIGURE 31 SYNTHETIC SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 19 AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           TABLE 20 AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    8.2 SYNTHETIC
           8.2.1 DEMAND FOR HIGH THERMAL STABILITY LUBRICANTS TO DRIVE SEGMENT
    8.3 MINERAL-BASED
           8.3.1 LOW OPERATIONAL COSTS TO DRIVE SEGMENT

9 AVIATION LUBRICANTS MARKET, BY END USER (Page No. - 94)
    9.1 INTRODUCTION
           FIGURE 32 AFTERMARKET SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 21 AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
           TABLE 22 AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
    9.2 OEM
           9.2.1 INCREASE IN AIRCRAFT ORDERS AND DELIVERIES TO DRIVE SEGMENT
    9.3 AFTERMARKET
           9.3.1 GROWING AIRCRAFT FLEET TO DRIVE SEGMENT

10 AVIATION LUBRICANTS MARKET, BY APPLICATION (Page No. - 97)
     10.1 INTRODUCTION
             FIGURE 33 ENGINE SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
             TABLE 23 AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 24 AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.2 ENGINE
             FIGURE 34 GAS TURBINE ENGINE TO DOMINATE MARKET SHARE
             TABLE 25 AVIATION LUBRICANTS MARKET, BY ENGINE TYPE, 2018–2021 (USD MILLION)
             TABLE 26 AVIATION LUBRICANTS MARKET, BY ENGINE TYPE, 2022–2027 (USD MILLION)
             10.2.1 GAS TURBINE ENGINE
                        TABLE 27 AVIATION LUBRICANTS ENGINE TYPE MARKET, BY GAS TURBINE ENGINE TYPE, 2018–2021 (USD MILLION)
                        TABLE 28 AVIATION LUBRICANTS ENGINE TYPE MARKET, BY GAS TURBINE ENGINE TYPE, 2022–2027 (USD MILLION)
                        10.2.1.1 Turbofan
                                     10.2.1.1.1 Growth of commercial, business & general aviation fleet fueling consumption of turbine engine oil
                        10.2.1.2 Turbojet
                                     10.2.1.2.1 Increasing military fighter jets procurement driving demand
                        10.2.1.3 Turboprop
                                     10.2.1.3.1 Growing business & general aviation fueling growth in this segment
                        10.2.1.4 Turboshaft
                                     10.2.1.4.1 Rise in military activities driving demand
             10.2.2 PISTON ENGINE
                        10.2.2.1 Growing pilot training activities driving demand
     10.3 HYDRAULIC SYSTEMS
             10.3.1 INCREASE IN AIRCRAFT FLEET SIZE AND FLYING HOURS DRIVING DEMAND
     10.4 LANDING GEAR
             10.4.1 FREQUENT INSPECTION INCREASING DEMAND FOR LUBRICANTS IN LANDING GEAR
     10.5 AIRFRAME
             10.5.1 RISE IN MRO ACTIVITIES DRIVING DEMAND
     10.6 OTHERS

11 AVIATION LUBRICANTS MARKET, BY PLATFORM (Page No. - 104)
     11.1 INTRODUCTION
             FIGURE 35 COMMERCIAL AVIATION SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
             TABLE 29 AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 30 AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     11.2 COMMERCIAL AVIATION
             FIGURE 36 NARROW-BODY AIRCRAFT TO DOMINATE MARKET SHARE
             TABLE 31 AVIATION LUBRICANTS MARKET, BY COMMERCIAL AVIATION PLATFORM, 2018–2021 (USD MILLION)
             TABLE 32 AVIATION LUBRICANTS MARKET, BY COMMERCIAL AVIATION PLATFORM, 2022–2027 (USD MILLION)
             11.2.1 NARROW-BODY AIRCRAFT (NBA)
                        11.2.1.1 High efficiency of narrow-body aircraft in short-haul travel to drive demand
             11.2.2 WIDE-BODY AIRCRAFT (WBA)
                        11.2.2.1 Increasing Focus of Airlines on Long-Haul Routes to drive demand
             11.2.3 VERY LARGE AIRCRAFT (VLA)
                        11.2.3.1 Need for proper integration of components to drive demand
             11.2.4 REGIONAL TRANSPORT AIRCRAFT (RTA)
                        11.2.4.1 Rising Domestic Air Passenger Traffic in Emerging Economies to drive demand
     11.3 MILITARY AVIATION
             FIGURE 37 MILITARY HELICOPTERS TO ACCOUNT FOR LARGEST MARKET SHARE
             TABLE 33 AVIATION LUBRICANTS MARKET, BY MILITARY AVIATION PLATFORM, 2018–2021 (USD MILLION)
             TABLE 34 AVIATION LUBRICANTS MARKET, BY MILITARY AVIATION PLATFORM, 2022–2027 (USD MILLION)
             11.3.1 MILITARY HELICOPTERS
                        11.3.1.1 Increasing use of helicopters in combat and search & rescue operations to drive demand
             11.3.2 FIGHTER JETS
                        11.3.2.1 Growing procurement of fighter jets due to increasing military budgets to drive demand
             11.3.3 UNMANNED AERIAL VEHICLES (UAVS)
                        11.3.3.1 Increased deployment to carry out aerial remote sensing to drive demand
             11.3.4 TRANSPORT AIRCRAFT
                        11.3.4.1 Increasing use in military operations to drive demand
             11.3.5 SPECIAL MISSION AIRCRAFT
                        11.3.5.1 Evolving warfare techniques to drive demand
     11.4 BUSINESS & GENERAL AVIATION
             FIGURE 38 BUSINESS JETS TO DOMINATE MARKET SHARE
             TABLE 35 AVIATION LUBRICANTS MARKET, BY BUSINESS & GENERAL AVIATION PLATFORM, 2018–2021 (USD MILLION)
             TABLE 36 AVIATION LUBRICANTS MARKET, BY BUSINESS & GENERAL AVIATION PLATFORM, 2022–2027 (USD MILLION)
             11.4.1 BUSINESS JETS
                        11.4.1.1 Growth of private aviation companies to drive demand
             11.4.2 ULTRALIGHT & LIGHT AIRCRAFT
                        11.4.2.1 Low cost of maintenance and operations to drive demand
             11.4.3 COMMERCIAL HELICOPTERS
                        11.4.3.1 Increasing corporate and civil applications to drive demand

12 REGIONAL ANALYSIS (Page No. - 114)
     12.1 INTRODUCTION
             FIGURE 39 AVIATION LUBRICANTS MARKET: REGIONAL SNAPSHOT
             TABLE 37 AVIATION LUBRICANTS MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 38 AVIATION LUBRICANTS MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.2 NORTH AMERICA
             12.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 40 NORTH AMERICA: AVIATION LUBRICANTS MARKET SNAPSHOT
                        TABLE 39 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 40 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 41 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 42 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 43 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 44 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 45 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 46 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 47 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 48 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 49 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
                        TABLE 50 NORTH AMERICA: AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
             12.2.2 US
                        12.2.2.1 Presence of leading OEMs to drive market
                                     TABLE 51 US: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 52 US: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 53 US: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 54 US: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 55 US: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 56 US: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.2.3 CANADA
                        12.2.3.1 Investments in aircraft modernization programs expected to drive market
                                     TABLE 57 CANADA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 58 CANADA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 59 CANADA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 60 CANADA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 61 CANADA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 62 CANADA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.3 EUROPE
             12.3.1 PESTLE ANALYSIS: EUROPE
                        FIGURE 41 EUROPE: AVIATION LUBRICANTS MARKET SNAPSHOT
                        TABLE 63 EUROPE: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 64 EUROPE: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 65 EUROPE: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 66 EUROPE: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 67 EUROPE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 68 EUROPE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 69 EUROPE: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 70 EUROPE: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 71 EUROPE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 72 EUROPE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 73 EUROPE: AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
                        TABLE 74 EUROPE: AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
             12.3.2 UK
                        12.3.2.1 Advancing technologies in air travel to drive market
                                     TABLE 75 UK: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 76 UK: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 77 UK: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 78 UK: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 79 UK: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 80 UK: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.3.3 FRANCE
                        12.3.3.1 Heavy investments in aviation industry to drive market
                                     TABLE 81 FRANCE: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 82 FRANCE: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 83 FRANCE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 84 FRANCE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 85 FRANCE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 86 FRANCE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.3.4 GERMANY
                        12.3.4.1 Rising expenditure on air travel and connectivity to drive market
                                     TABLE 87 GERMANY: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 88 GERMANY: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 89 GERMANY: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 90 GERMANY: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 91 GERMANY: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 92 GERMANY: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.3.5 ITALY
                        12.3.5.1 High demand for commercial helicopters to drive market
                                     TABLE 93 ITALY: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 94 ITALY: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 95 ITALY: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 96 ITALY: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 97 ITALY: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 98 ITALY: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.3.6 RUSSIA
                        12.3.6.1 Increasing military budget for manufacturing advanced aircraft to drive market
                                     TABLE 99 RUSSIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 100 RUSSIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 101 RUSSIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 102 RUSSIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 103 RUSSIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 104 RUSSIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.3.7 REST OF EUROPE
                        TABLE 105 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 106 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 107 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 108 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 109 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 110 REST OF EUROPE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.4 ASIA PACIFIC
             12.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 42 ASIA PACIFIC: AVIATION LUBRICANTS MARKET SNAPSHOT
                        TABLE 111 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 112 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 113 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 114 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 115 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 116 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 117 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 118 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 119 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 121 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
                        TABLE 122 ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 Growing demand for aerospace products to drive market
                                     TABLE 123 CHINA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 124 CHINA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 125 CHINA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 126 CHINA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 127 CHINA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 128 CHINA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.4.3 INDIA
                        12.4.3.1 Modernization plans for armed forces to drive market
                                     TABLE 129 INDIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 130 INDIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 131 INDIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 132 INDIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 133 INDIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 134 INDIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.4.4 JAPAN
                        12.4.4.1 Growing in-house development of aircraft to drive market
                                     TABLE 135 JAPAN: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 136 JAPAN: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 137 JAPAN: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 138 JAPAN: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 139 JAPAN: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 140 JAPAN: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.4.5 AUSTRALIA
                        12.4.5.1 Increasing air traffic and new aircraft deliveries to drive market
                                     TABLE 141 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 142 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 143 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 144 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 145 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 146 AUSTRALIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.4.6 SOUTH KOREA
                        12.4.6.1 Modernizing programs in aviation industry to drive market
                                     TABLE 147 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 148 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 149 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 150 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 151 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 152 SOUTH KOREA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.4.7 REST OF ASIA PACIFIC
                        TABLE 153 REST OF ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 154 REST OF ASIA PACIFIC AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 155 REST OF ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 156 REST OF ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 157 REST OF ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 158 REST OF ASIA PACIFIC: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA
             FIGURE 43 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET SNAPSHOT
             12.5.1 PESTLE ANALYSIS: MIDDLE EAST & AFRICA
                        TABLE 159 MIDDLE EAST: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 160 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 161 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 162 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 163 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 164 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 165 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 166 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 167 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 168 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 169 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
                        TABLE 170 MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
             12.5.2 SAUDI ARABIA
                        12.5.2.1 Increasing capabilities in aerospace and defense manufacturing to drive market
                                     TABLE 171 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 172 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 173 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 174 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 175 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 176 SAUDI ARABIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.5.3 UAE
                        12.5.3.1 Need for domestic products to drive the market
                                     TABLE 177 UAE: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 178 UAE: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 179 UAE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 180 UAE: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 181 UAE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 182 UAE: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.5.4 ISRAEL
                        12.5.4.1 Increased R&D spending to drive the market
                                     TABLE 183 ISRAEL: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 184 ISRAEL: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 185 ISRAEL: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 186 ISRAEL: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 187 ISRAEL: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 188 ISRAEL: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.5.5 SOUTH AFRICA
                        12.5.5.1 Demand for replacement of aircraft components to drive market
                                     TABLE 189 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 190 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 191 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 192 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 193 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 194 SOUTH AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.5.6 NIGERIA
                        12.5.6.1 Increasing aircraft fleet to drive market
                                     TABLE 195 NIGERIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 196 NIGERIA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 197 NIGERIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 198 NIGERIA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 199 NIGERIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 200 NIGERIA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.5.7 REST OF MIDDLE EAST & AFRICA
                        TABLE 201 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 202 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 203 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 204 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 205 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 206 REST OF MIDDLE EAST & AFRICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.6 LATIN AMERICA
             FIGURE 44 LATIN AMERICA: AVIATION LUBRICANTS MARKET SNAPSHOT
             12.6.1 PESTLE ANALYSIS: LATIN AMERICA
                        TABLE 207 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 208 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 209 LATIN AMERICA: LUBRICANT MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 210 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 211 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 212 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 213 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 214 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 215 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 216 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 217 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY END USER, 2018–2021 (USD MILLION)
                        TABLE 218 LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY END USER, 2022–2027 (USD MILLION)
             12.6.2 BRAZIL
                        12.6.2.1 Presence of OEMs and major airline companies to drive market
                                     TABLE 219 BRAZIL: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 220 BRAZIL: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 221 BRAZIL: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 222 BRAZIL: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 223 BRAZIL: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 224 BRAZIL: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.6.3 MEXICO
                        12.6.3.1 Growing in-house MRO capabilities to drive market
                                     TABLE 225 MEXICO: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 226 MEXICO: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                                     TABLE 227 MEXICO: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 228 MEXICO: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                                     TABLE 229 MEXICO: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 230 MEXICO: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             12.6.4 REST OF LATIN AMERICA
                        TABLE 231 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 232 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        TABLE 233 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 234 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
                        TABLE 235 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 236 REST OF LATIN AMERICA: AVIATION LUBRICANTS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 188)
     13.1 OVERVIEW
     13.2 MARKET SHARE ANALYSIS, 2021
             TABLE 237 DEGREE OF COMPETITION
             FIGURE 45 MARKET SHARE OF TOP PLAYERS IN AVIATION LUBRICANTS MARKET, 2021 (%)
             TABLE 238 KEY DEVELOPMENTS BY LEADING PLAYERS BETWEEN 2018 AND 2021
     13.3 TOP 5 PLAYER RANKING ANALYSIS, 2021
             FIGURE 46 MARKET RANKING OF LEADING PLAYERS IN AVIATION LUBRICANTS MARKET, 2021
             TABLE 239 MARKET RANKING OF LEADING PLAYERS BASED ON APPLICATION AREA AND PLATFORM, 2021
     13.4 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2021
             FIGURE 47 REVENUE ANALYSIS OF TOP 5 MARKET
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                        FIGURE 48 AVIATION LUBRICANTS MARKET COMPETITIVE LEADERSHIP MAPPING, 2021
     13.6 COMPETITIVE SCENARIO
             13.6.1 NEW PRODUCT LAUNCHES
                        TABLE 240 PRODUCT LAUNCHES, 2018–2021
             13.6.2 DIVESTMENTS AND ACQUISITIONS
                        TABLE 241 DIVESTMENTS & ACQUISITIONS, 2018-2021
             13.6.3 CONTRACTS
                        TABLE 242 CONTRACTS, 2018-2021
             13.6.4 EXPANSIONS, COLLABORATIONS, AND JOINT VENTURES IN THE AVIATION LUBRICANTS MARKET
                        TABLE 243 EXPANSIONS, COLLABORATIONS, AND JOINT VENTURES, 2018-2021

14 COMPANY PROFILES (Page No. - 202)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) * 
     14.1 KEY PLAYERS
             14.1.1 EXXON MOBIL CORPORATION
                        TABLE 244 EXXON MOBIL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 49 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 245 EXXON MOBIL CORPORATION: DEALS
             14.1.2 TOTALENERGIES COMPANY
                        TABLE 246 TOTALENERGIES COMPANY: BUSINESS OVERVIEW
                        FIGURE 50 TOTALENERGIES COMPANY: COMPANY SNAPSHOT
                        TABLE 247 TOTALENERGIES COMPANY: PRODUCT LAUNCHES
                        TABLE 248 TOTALENERGIES COMPANY: DEALS
             14.1.3 BP P.L.C.
                        TABLE 249 BP P.L.C.: BUSINESS OVERVIEW
                        FIGURE 51 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 250 BP P.L.C.: DEALS
             14.1.4 SHELL PLC
                        TABLE 251 SHELL PLC: BUSINESS OVERVIEW
                        FIGURE 52 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 252 SHELL PLC: PRODUCT LAUNCHES
                        TABLE 253 SHELL PLC: DEALS
             14.1.5 EASTMAN CHEMICAL COMPANY
                        TABLE 254 EASTMAN CHEMICAL COMPANY: BUSINESS OVERVIEW
                        FIGURE 53 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 255 EASTMAN CHEMICAL COMPANY: DEALS
             14.1.6 THE CHEMOURS COMPANY
                        TABLE 256 THE CHEMOURS COMPANY: BUSINESS OVERVIEW
                        FIGURE 54 THE CHEMOURS COMPANY: COMPANY SNAPSHOT
                        TABLE 257 THE CHEMOURS COMPANY: DEALS
             14.1.7 NYCO
                        TABLE 258 NYCO: BUSINESS OVERVIEW
                        TABLE 259 NYCO: PRODUCT LAUNCHES
                        TABLE 260 NYCO: DEALS
             14.1.8 LANXESS
                        TABLE 261 LANXESS: BUSINESS OVERVIEW
                        FIGURE 55 LANXESS: COMPANY SNAPSHOT
                        TABLE 262 LANXESS: PRODUCT LAUNCHES
                        TABLE 263 LANXESS: DEALS
             14.1.9 PJSC LUKOIL
                        TABLE 264 PJSC LUKOIL: BUSINESS OVERVIEW
                        TABLE 265 PJSC LUKOIL: DEALS
             14.1.10 PHILLIPS 66
                        TABLE 266 PHILLIPS 66: BUSINESS OVERVIEW
                        FIGURE 56 PHILLIPS 66: COMPANY SNAPSHOT
                        TABLE 267 PHILLIPS 66 COMPANY: PRODUCT LAUNCHES
                        TABLE 268 PHILLIPS 66 COMPANY: DEALS
             14.1.11 CANDAN INDUSTRIES PTY LTD
                        TABLE 269 CANDAN INDUSTRIES PTY LTD: BUSINESS OVERVIEW
             14.1.12 NYE LUBRICANTS, INC.
                        TABLE 270 NYE LUBRICANTS, INC.: BUSINESS OVERVIEW
                        TABLE 271 NYE LUBRICANTS, INC.: DEALS
             14.1.13 ROCOL
                        TABLE 272 ROCOL: BUSINESS OVERVIEW
             14.1.14 AEROSPACE LUBRICANTS, INC.
                        TABLE 273 AEROSPACE LUBRICANTS, INC.: BUSINESS OVERVIEW
             14.1.15 NATIONAL PROCESS INDUSTRIES, INC.
                        TABLE 274 NATIONAL PROCESS INDUSTRIES, INC.: BUSINESS OVERVIEW
             14.1.16 TIODIZE CO., INC.
                        TABLE 275 TIODIZE CO., INC.: BUSINESS OVERVIEW
             14.1.17 MCGEE INDUSTRIES, INC.
                        TABLE 276 MCGEE INDUSTRIES, INC.: BUSINESS OVERVIEW
             14.1.18 WHITMORE MANUFACTURING LLC
                        TABLE 277 WHITMORE MANUFACTURING LLC: BUSINESS OVERVIEW
             14.1.19 EVERLUBE PRODUCTS
                        TABLE 278 EVERLUBE PRODUCTS: BUSINESS OVERVIEW
             14.1.20 APAR LUBRICANTS LTD.
                        TABLE 279 APAR LUBRICANTS LTD.: BUSINESS OVERVIEW
     14.2 OTHER PLAYERS
             14.2.1 TECSIA LUBRICANTS
                        TABLE 280 TECSIA LUBRICANTS: BUSINESS OVERVIEW
             14.2.2 AVI-OIL INDIA PVT LTD.
                        TABLE 281 AVI-OIL INDIA PVT. LTD.: BUSINESS OVERVIEW
             14.2.3 MONROE ENGINEERING, LLC
                        TABLE 282 MONROE ENGINEERING, LLC: BUSINESS OVERVIEW
             14.2.4 CHEMSOL
                        TABLE 283 CHEMSOL: BUSINESS OVERVIEW
             14.2.5 PETRO LUBES INC.
                        TABLE 284 PETRO LUBES INC.: BUSINESS OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies. 

15 APPENDIX (Page No. - 263)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS 

Exhaustive secondary research was undertaken to collect information on the aviation lubricants market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information for this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturers associations; directories; and databases.

Primary Research

The aviation lubricants market comprises several stakeholders, such as raw material suppliers, processors, and regulatory organizations in the supply chain. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Aviation Lubricants Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the aviation lubricants market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size included the following.

  • Key players in the market were identified through secondary research, and their market ranking determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, and analyzed by MarketsandMarkets and presented in this report.

Bottom- Up Approach

The bottom-up approach was employed to arrive at the overall size of the global aviation lubricants market. It was also implemented to extract data from secondary research to validate the revenue of various market segments. The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the size of the market and each segment were determined and confirmed.

Steps involved in the bottom-up approach:

Step – 1

Initially, the parent aviation market demand was estimated for military, commercial, and business & general aviation platforms using the bottom-up approach for each region. Independent demand for each vertical was identified, and market numbers for each vertical were identified.

Global Market = North America + Europe + APAC + Middle East & Africa + Latin America

Estimating the market size for the military aviation platform was carried out by considering several parameters such as the percentage annual defense spending on the procurement and maintenance of aircraft, new contracts, current or future programs, defense budget analysis, and current aircraft fleet. These parameters were studied for each country considered. The country-level market size was arrived at, the other summation of which led to the global numbers by adding all country-wise market sizes.

The estimation of the market size for the commercial aviation platform was triangulated using the sales data of commercial aircraft, which was estimated and multiplied by the average contribution of lubricants to aircraft cost to arrive at the final numbers. Also, for estimating aftermarket demand, current fleet data was used, and the annual flight hours were factored in to estimate the number of times that an aircraft undergoes lubricant replenishment or replacement. A similar approach was used even for the business & general aviation platform.

Step – 2

The breakdown of the global aviation lubricants market was carried out from the parent aviation market based on different pointers such as products offered by different manufacturers, pricing, and contracts and new product developments.

Step – 3

An independent analysis of each lubricant type was carried out based on different applications; for example, the engine oil is considered to be used only to lubricate the engines while grease can be applied to other mechanical parts located all over the aircraft. Each type was analyzed using matrix modeling based on the chosen parameters to arrive at a percentage adoption of aviation lubricants in the aircraft fleet by country. A similar methodology was repeated for the other type of lubricants.

Step – 4

Data triangulation was carried out using the three steps mentioned above to arrive at the final size of the aviation lubricants market.

Market Size Estimation: Bottom-Up

Aviation Lubricants Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Top-Down Approach

In the top-down approach, the size of the aviation lubricants market was used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. To calculate the size of specific market segments, the size of the most appropriate immediate parent market was used to implement the top-down approach. The bottom-up approach was also implemented to validate the revenue obtained for various market segments.

Market share was estimated for each company to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the size of the parent market and each segment was determined and confirmed in this study.

Market Size Estimation: Top-Down

    Aviation Lubricants Market  Size, and Share

    Data Triangulation

    After arriving at the overall market size using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides in the aviation lubricants industry.

    Report Objectives

    • To define, segment, and project the global market size for aviation lubricants
    • To understand the structure of the aviation lubricants market by identifying the subsegments
    • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, challenges, and industry-specific challenges)
    • To analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
    • To project the size of the market and its submarkets, in terms of value, with respect to the five regions (along with their respective key countries)
    • To profile key players and comprehensively analyze their core competencies
    • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
    • To analyze competitive developments such as new product launches, contracts, agreements, acquisition, collaboration, and joint ventures in the aviation lubricants market

    Available Customizations

    Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

    Product Analysis

    • Product matrix, which gives a detailed comparison of the product portfolio of each company

    Regional Analysis

    • Further breakdown of the market segments at country-level

    Company Information

    • Detailed analysis and profiling of additional market players (up to 5)
    Report Code
    AS 5898
    Published ON
    May, 2022
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