Aviation Lubricants are highly sophisticated fluids that are used to lubricate the different parts of an aircraft, thereby prolonging their service life. Synthetic lubricants are highly effective for the job as they possess superior lubricating capabilities than their mineral-based counterparts and hence are extensively used by commercial, military, and business aviation platforms. The rise in operational fleet is anticipated to drive the demand for aviation lubricants during the forecast period. 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%.
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. Shell has also planned to expand the lubricants business in member countries of the Association of Southeast Asian Nations (ASEAN). The company also opened a new technology facility in Bangalore, India, in 2017, thus expanding the company’s R&D activities in Asia. In March 2020, Shell Indonesia invested in its Lubricants Oil Blending Plant (LOBP) located in Marunda Centre, near Jakarta, Indonesia. This expansion will enable Shell to meet the growing demand of the domestic lubricants market and contribute to the advancement of Indonesia’s downstream industry.
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Exxon Mobil Corporation (US) is another leading player in the aviation lubricants market. The company has undergone numerous expansions to strengthen its global presence. In October 2017, ExxonMobil partnered with Aviall Services, a Boeing company, to make Aviall Services a strategic distributor in North America, Latin America, Australia, and New Zealand. The company has gained a lot of airline customers, thus creating a strong customer base.
TotalEnergies Company (France) is ranked third in the aviation lubricants market. The company has strong R&D capabilities and is one of the leaders providing high-class lubricants. The company focuses on inorganic strategies. For instance, in August 2019, Total Lubrifiants, a leading player in the global lubricants market, announced the acquisition from Houghton International of its Aluminum Hot Rolling Oil (AHRO), Steel Cold Rolling Oil (SCRO), and Tinplate Rolling Oil (TPRO) activities in the North American and European Economic Area markets.
BP p.l.c. (UK) is ranked fourth in the aviation lubricants market. The company offers its aviation lubricants product mainly under the Castrol brand for various application segments of the aircraft. The company serves various end-users such as airlines, airport operators, and MRO facilities with its high-quality and reliable lubricants. It operates through various subsidiaries in order to cater to the demand from various aircraft manufacturers such as Airbus, Boeing, and MRO companies.
PJSC LUKOIL (Russia) is one of the largest crude oil producers and lubricant suppliers in Russia. The company has subsidiaries across the world to cater to the demands for aviation lubricants from various OEMs and MRO users.
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
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