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Aviation Lubricants Market to Reach a Value of ~US$ 1.4 Bn by 2027; Growing Focus on Manufacturing, Repair, and Overhaul (MRO) of Aircrafts to Drive Sales across Global Market, Finds TMR

Transparency Market Research

News provided by

Transparency Market Research

19 Mar, 2020, 11:30 GMT

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- The aviation industry is characterised by rapid increase in the number of fleets per day. Increasing number of fleets necessitates the presence of a seamless sector for maintaining and repairing aviation equipment and technologies.

- Regional governments are obliged to spend a substantial amount of funds on the development and maintenance of a robust aviation sector in their respective country or region.

ALBANY, New York, March 19, 2020 /PRNewswire/ --  The global aviation lubricants market is continuously expanding as new technologies come to the fore of the aviation industry. Manufacturing of aircrafts has witnessed formidable developments in recent times, and new-age technologies have enabled faster and errorless testing of aircraft engines and parts. Use of lubricants is not restricted to the aircraft engine alone; a number of other aircraft parts require proper lubrication to avoid decay and rusting. Therefore, the worth of the global aviation lubricants is set to increase to a new value in the years to follow. The indispensability of aviation lubricants, coupled with their continual usage in this industry, shall further drive market demand. The aviation industry is an asset for national governments, and it plays a defining role in ascertaining the growth dynamics of the nation.

It is estimated that the global aviation lubricants market would grow at a moderate CAGR of 5% over the forecast period between 2019 and 2027. The total value of the aviation lubricants market was pegged at US$ 875 Mn in 2018, and this figure is expected to reach up to US$ 1.4 Bn by 2027. The aviation industry is at an important juncture as new technologies and equipment make their way into its manufacturing domain.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=41393

Safety and Caution as the Catchphrases for Aircraft Manufacturers

  • The manufacturing, repair, and overhaul (MRO) operations of the aviation industry call for pinpoint precision and control. Use of all forms of lubricants, devices, and other maintenance necessitates immense care and caution.
  • Safety is also an important factor that defines the performance of the aviation industry. Even the slightest level of contempt while manufacturing or repairing aircraft parts can be fatal. Therefore, aviation lubricants are used to foster safety of aircrafts.
  • The number of fleets pertaining to the aviation industry are increasing, and this is also driving demand for repair and maintenance devices, liquids, and lubricants.

Get an in-depth view of the leading trends operating in the Aviation Lubricants Market (Product; Type; Aircraft; and Sales Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at: https://www.transparencymarketresearch.com/aviation-lubricant-market.html

Global Aviation Lubricants Market: Growth Drivers

The essence of growth within the aviation industry lies in providing the highest level of assurance, safety, and comfort to flyers. Airlines that have successfully convinced their flyers about the safety of their flights have earned greater amount of revenues in recent times. Furthermore, the uncompromisable obligation of providing annual safety reports to aviation authorities has compelled airlines to prioritise safety. Therefore, the global aviation lubricants market is growing on account of the following reasons:

  • Several new regional airlines have been introduced across the globe, and this factor has played an underhanded role in driving sales across the global aviation lubricants market.
  • All types of aircrafts, including Boeing 777, Airbus A300, and McDonnell Douglas DC-10 require lubrication at various levels. Larger aircrafts consume greater amounts of lubrication liquids. This factor shall play a defining role in driving sales across the global aviation lubricants market.
  • The defense sector is an ardent consumer of high-end, resilient, and reconnaissance aircrafts. The growing spending of the defense and aerospace sector shall trickle down to the global aviation lubricants market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/41393

Recession in the Aviation Industry to Hamper Market Growth

  • The aviation industry is characterised by alternating cycles of boom and recession. Although the industry has a tendency to self-recover from dry phases, recession in the industry impacts growth within several industry including the global aviation lubricants market.
  • The recent outbreak of the coronavirus has led to cancellation of several flights, and has hugely impacted the airline business. If this pattern of operation continues, the global aviation lubricants market could be severely impacted.

Global Aviation Lubricants Market: Competitive Landscape

The global aviation lubricants market hugely benefits the manufacturing, repair, and overhaul (MRO) sector of the aviation industry. The leading vendors in the global aviation lubricants market are capitalising on the large-scale opportunity floating in the defense and aerospace industry. Defense aircrafts require high-level maintenance and care, and the need for lubricants keeps increasing across this industry. Some of the leading players in the global aviation lubricants market are ExxonMobil Corporation, Royal Dutch Shell Plc., Total Group, Eastman Chemical Company, and NYCO.

Analyze Aviation Lubricants Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

The global aviation lubricants market can be segmented on the basis of:

Aviation Lubricants Market by Product

  • Engine Oils
  • Turbine Engine Oils
  • Piston Engine Oils
  • Hydraulic Fluids
  • Greases
  • Others

Aviation Lubricants Market by Aircraft

  • Business Jets & Turboprop Planes
  • Large Commercial Jets
  • Piston Engine Aircraft
  • Defense Aircraft
  • Helicopters
  • Others

Aviation Lubricants Market by Type

  • Mineral Oils
  • Semi-synthetic & Synthetic Oils
  • Bio-based Oils
  • Others

Aviation Lubricants Market by Sales Channel

  • OEMs
  • MROs

Aviation Lubricants Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

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Synthetic Leather Market - The synthetic leather market is expected to expand at a CAGR of ~7% during the forecast period. In the current scenario, consumer trends suggest a tectonic shift toward the adoption of animal-free and sustainable products, which is anticipated to accelerate the demand for synthetic leather worldwide. 

Sodium Lauryl Ether Sulfate [SLES] Market - The increasing requirement of surfactants for the production of soaps and detergents has driven the growth of the sodium lauryl ether sulfate market.

Underground Mining Market - Underground mining market to reach a valuation of ~US$ 25 bn by 2027. The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.

Automotive Lightweight Materials Market - The automotive lightweight materials market was valued at about US$ 149 Bn in 2018 and is projected to expand at a CAGR of 7.2% during the forecast period.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Email: sales@transparencymarketresearch.com 

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