HOME Research Insight Shell (Netherlands) and ExxonMobil (US) are the Major Players in the Aviation Lubricant Market

Shell (Netherlands) and ExxonMobil (US) are the Major Players in the Aviation Lubricant Market

Aviation lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of aircraft systems. They are used in different applications ranging from airframes, engines, interiors, and avionics. Advanced lubricants are used in aircraft engines to increase the efficiency of the aircraft.

The aviation lubricant market is projected to grow from an estimated USD 2.03 Billion in 2017 to USD 2.68 Billion by 2022, at a CAGR of 5.65% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rising passenger traffic across the globe.

Major players operating in the aviation lubricant market include Shell (Netherlands), ExxonMobil (US), and BP (UK). These key players offer various aviation lubricant product types, including synthetic and mineral engine oil, and have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

Shell (Netherlands) is one of the major players in the aviation lubricant market. It provides products and solutions across major aviation lubricant product types. The company has a strong presence in Europe, North America, and the Middle East, and has a very high breadth of offerings, delivery and support, and excellent product distribution. In 2017, Shell Aviation launched the second-generation piston engine oil, AeroShell Oil Sport Plus 4, in South Africa. The oil is developed for light sport aircraft and very light/ultra-light aircraft four-stroke engines.

ExxonMobil (US) is another leading company in the aviation lubricant market, with a strong presence in North America and Europe. The company provides a wide range of aviation lubricant products. ExxonMobil in focused on increasing their geographical reach by applying inorganic growth strategies. In 2017, ExxonMobil partnered with Aviall Services Inc. (US) to become a strategic distributor of its aviation lubricants in major markets including North America, Latin America, Australia, and New Zealand.

Related Reports:

Aviation Lubricant Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricant and Additives), End User (OEM, MRO), Application (Hydraulic Systems, Engine, Landing Gear, Airframe), Technology, Aviation Type, Region - Global Forecast to 2022

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