Market Overview:
The global mineral-based aviation lubricant market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for mineral-based aviation lubricants from commercial and military aviation applications. On the basis of type, the hydraulic fluid segment is expected to account for a major share of the global mineral-based aviation lubricant market during the forecast period. This can be attributed to its high demand from commercial aircrafts. The engine oil segment is also anticipated to witness significant growth during the forecast period owing to its growing use in military aircrafts. On the basis of application, commercial aviation accounted for a majority share ofthe global mineral-based Aviation Lubricant Market in 2017 and this trend is projectedto continue duringthe forecast period as well. This can be ascribed tobusinesses shifting their focus towards adopting more fuel efficient aircrafts which require less maintenanceand result in lower operational costs over their lifecycle .
Product Definition:
A mineral-based aviation lubricant is a type of lubricant that is based on minerals. These lubricants are typically used in aircraft applications, as they can provide superior performance in terms of both thermal and oxidative stability. Mineral-based aviation lubricants also tend to have good corrosion resistance and low evaporation rates.
Hydraulic Fluid:
Hydraulic fluid is a type of engine oil, which is used to reduce friction between rotating parts and thus, reduces the heat generated by these parts. It also has the ability to carry a large number of particles and molecules together, due to which it exhibits high viscosity at low temperatures.
The market for hydraulic fluids in aviation lubricant is driven by factors such as stringent environmental regulations regarding carbon emissions from aircraft engines coupled with increasing fuel prices.
Engine Oil:
Engine oil is a liquid that is used to reduce friction between moving parts in an engine, which results in less heat generation and ultimately improved efficiency. It also provides protection against corrosion, wear & tear along with ensuring smooth functioning of internal combustion engines. The product also has the added benefit of reducing the chance of fire occurrence due to overheating as well as providing a means for lubrication during cold starts.
Application Insights:
The commercial aviation segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing air traffic across major airports worldwide. Commercial aircraft make up a large part of total air traffic and account for about 70% of total operating costs, which makes them an important segment in terms of revenue generation.
Mineral-based lubricants are used as hydraulic fluids, engine oils & greases, special lubricants and additives by various manufacturers for use in their commercial aircraft products such as DC-3/DC-4/DC-5/717/727 series from 1936 till today's modernized Boeing 737NG or Airbus A320 family member with similar dimensions on a global scale. These products provide excellent protection against corrosion under high temperatures along with providing extended oil change intervals that enhance overall product life cycle cost savings over time when compared to conventional petroleum lubricants used previously.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region has been witnessing increasing demand for mineral-based lubricants from commercial, military and general aviation sectors owing to rising disposable income of consumers coupled with improved standard of living.
The Asia Pacific economy is driven by rapid development in emerging economies such as India, China, Indonesia among others which have a strong industrial base for manufacturing various products including machinery and equipment. These countries are also popular as tourist destinations attracting travelers from across the globe thereby driving up product demand from greases & oils application in automobiles, railways etc., particularly in Europe and North America regions.
North America accounted for a major share due to high consumption levels coupled with growing aerospace industry especially aircraft maintenance services sector mainly based out of U.S.
Growth Factors:
- Increasing demand for mineral-based aviation lubricants from the commercial and military sectors due to their superior performance and low environmental impact as compared to other synthetic lubricants.
- Proliferation of new aircraft platforms that require mineral-based aviation lubricants for their operation, such as the Boeing 787 Dreamliner and Airbus A350 XWB.
- Growing popularity of bio-based aviation lubricants, which are made from renewable resources such as vegetable oils or animal fats, among airlines due to their environmental benefits over traditional mineral oil products.
- Development of more advanced formulations of mineral-based aviation lubricants that offer better performance in extreme operating conditions, such as high temperatures and humidity levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral-based Aviation Lubricant Market Research Report
By Type
Hydraulic Fluid, Engine Oil, Grease, Special Lubricants and Additives
By Application
Commercial Aviation, Military Aviation, Business and General Aviation
By Companies
Exxonmobil, Total, BP, The Chemours Company, Royal Dutch Shell, Nyco, Lanxess, Lukoil, Phillips 66, Candan Industries, Nye Lubricants, Eastman Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Mineral-based Aviation Lubricant Market Report Segments:
The global Mineral-based Aviation Lubricant market is segmented on the basis of:
Types
Hydraulic Fluid, Engine Oil, Grease, Special Lubricants and Additives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Aviation, Military Aviation, Business and General Aviation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxonmobil
- Total
- BP
- The Chemours Company
- Royal Dutch Shell
- Nyco
- Lanxess
- Lukoil
- Phillips 66
- Candan Industries
- Nye Lubricants
- Eastman Chemical
Highlights of The Mineral-based Aviation Lubricant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydraulic Fluid
- Engine Oil
- Grease
- Special Lubricants and Additives
- By Application:
- Commercial Aviation
- Military Aviation
- Business and General Aviation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mineral-based Aviation Lubricant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mineral-based aviation lubricant is a type of lubricant that is made from minerals. These minerals are often found in the earth's crust and can be extracted and processed into a lubricant. Mineral-based aviation lubricants are typically more expensive than other types of aviation lubricants, but they offer some advantages over other types of lubes. They are resistant to corrosion, which means they will not wear down aircraft parts over time. Additionally, mineral-based lubes tend to be less viscous than other types of lubes, which makes them easier to apply and remove from surfaces.
Some of the key players operating in the mineral-based aviation lubricant market are Exxonmobil, Total, BP, The Chemours Company, Royal Dutch Shell, Nyco, Lanxess, Lukoil, Phillips 66, Candan Industries, Nye Lubricants, Eastman Chemical.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral-based Aviation Lubricant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mineral-based Aviation Lubricant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mineral-based Aviation Lubricant Market - Supply Chain
4.5. Global Mineral-based Aviation Lubricant Market Forecast
4.5.1. Mineral-based Aviation Lubricant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral-based Aviation Lubricant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral-based Aviation Lubricant Market Absolute $ Opportunity
5. Global Mineral-based Aviation Lubricant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
5.3.1. Hydraulic Fluid
5.3.2. Engine Oil
5.3.3. Grease
5.3.4. Special Lubricants and Additives
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral-based Aviation Lubricant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
6.3.1. Commercial Aviation
6.3.2. Military Aviation
6.3.3. Business and General Aviation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mineral-based Aviation Lubricant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mineral-based Aviation Lubricant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mineral-based Aviation Lubricant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mineral-based Aviation Lubricant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mineral-based Aviation Lubricant Demand Share Forecast, 2019-2026
9. North America Mineral-based Aviation Lubricant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
9.4.1. Commercial Aviation
9.4.2. Military Aviation
9.4.3. Business and General Aviation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
9.7.1. Hydraulic Fluid
9.7.2. Engine Oil
9.7.3. Grease
9.7.4. Special Lubricants and Additives
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mineral-based Aviation Lubricant Demand Share Forecast, 2019-2026
10. Latin America Mineral-based Aviation Lubricant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
10.4.1. Commercial Aviation
10.4.2. Military Aviation
10.4.3. Business and General Aviation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
10.7.1. Hydraulic Fluid
10.7.2. Engine Oil
10.7.3. Grease
10.7.4. Special Lubricants and Additives
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mineral-based Aviation Lubricant Demand Share Forecast, 2019-2026
11. Europe Mineral-based Aviation Lubricant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mineral-based Aviation Lubricant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
11.4.1. Commercial Aviation
11.4.2. Military Aviation
11.4.3. Business and General Aviation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
11.7.1. Hydraulic Fluid
11.7.2. Engine Oil
11.7.3. Grease
11.7.4. Special Lubricants and Additives
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mineral-based Aviation Lubricant Demand Share, 2019-2026
12. Asia Pacific Mineral-based Aviation Lubricant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mineral-based Aviation Lubricant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
12.4.1. Commercial Aviation
12.4.2. Military Aviation
12.4.3. Business and General Aviation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
12.7.1. Hydraulic Fluid
12.7.2. Engine Oil
12.7.3. Grease
12.7.4. Special Lubricants and Additives
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mineral-based Aviation Lubricant Demand Share, 2019-2026
13. Middle East & Africa Mineral-based Aviation Lubricant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mineral-based Aviation Lubricant Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mineral-based Aviation Lubricant Market Size and Volume Forecast by Application
13.4.1. Commercial Aviation
13.4.2. Military Aviation
13.4.3. Business and General Aviation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mineral-based Aviation Lubricant Market Size and Volume Forecast by Type
13.7.1. Hydraulic Fluid
13.7.2. Engine Oil
13.7.3. Grease
13.7.4. Special Lubricants and Additives
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mineral-based Aviation Lubricant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral-based Aviation Lubricant Market: Market Share Analysis
14.2. Mineral-based Aviation Lubricant Distributors and Customers
14.3. Mineral-based Aviation Lubricant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Exxonmobil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Chemours Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Royal Dutch Shell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nyco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lanxess
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lukoil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Phillips 66
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Candan Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nye Lubricants
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eastman Chemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
