Aerospace Lubricant Market Analysis By Product (Gas Turbine Oil, Piston Engine Oil, Hydraulic Fluid), By End-Use (Civil, Defense, Space) And Segment Forecasts To 2022
The global aerospace lubricant market is expected to reach USD 998.1 million by 2022, according to a new report by Grand View Research, Inc. Rising number of trade activities in Asia Pacific and Middle East region has resulted in need for expansion of aviation capacity further driving lubricant demand.
Fuel economy improvement, supportive regulatory policies and fuel emission norms have been creating additional demand for lubricant. At the same, these factors have also been pushing producers to invest in R&D and formulate usage specific products with higher serviceability and viscosity.
Increasing air passenger traffic as a result of rapidly developing civil aviation sectors in high growth Asian markets coupled with reduced airfares as a result of high competition from aviation companies is a key factor driving aircraft utilizations and miles. This is further expected to complement the global industry growth.
Gas turbine oil was the leading product segment and accounted for 45.0% of total market volume in 2014. High oxidative stability, water contamination resistance, and reduction of downtime are factors that are driving base oil development to meet increasing aircraft specifications.
Further key findings from the report suggest:
The global aerospace lubricant market demand exceeded 90 kilo tons in 2014 and is expected to reach 133.8 kilo tons by 2022, growing at a CAGR of 4.8%from 2015 to 2022
Civil aviation emerged as the largest end-use segment with demand share exceeding 65% in 2014. The sector is expected to generate high demand for lubricating oil particularly engine oil as a result of increased trans-continental travel, domestic air passenger traffic rise in Asian markets and strong preference towards aviation from locomotives in developing markets.
Asia Pacific was the leading consumer and accounted for 39.0% of global volume in 2014. Growing civil aviation sector as a result of reduced airfares, increased presence of aircraft operators and rising consumer income particularly in China, India, Thailand, and Indonesia is expected to drive the regional market over the forecast period.
Aerospace lubricant market is characterized by the presence of integrated companies who are involved in additive and base oil production as well. In regions such as China, there is a huge presence of independent blenders which leads to fragmentation.
Key companies in the industry include Exxon Mobil, Shell, British Petroleum, Total Lubricant, Chevron Corporation, Fuchs Group, Phillips 66, Castrol, Sinopec, Petrobras, Quaker Chemical Corporation and Aerospace Lubricant, Inc.
Fuel economy improvement, supportive regulatory policies and fuel emission norms have been creating additional demand for lubricant. At the same, these factors have also been pushing producers to invest in R&D and formulate usage specific products with higher serviceability and viscosity.
Increasing air passenger traffic as a result of rapidly developing civil aviation sectors in high growth Asian markets coupled with reduced airfares as a result of high competition from aviation companies is a key factor driving aircraft utilizations and miles. This is further expected to complement the global industry growth.
Gas turbine oil was the leading product segment and accounted for 45.0% of total market volume in 2014. High oxidative stability, water contamination resistance, and reduction of downtime are factors that are driving base oil development to meet increasing aircraft specifications.
Further key findings from the report suggest:
The global aerospace lubricant market demand exceeded 90 kilo tons in 2014 and is expected to reach 133.8 kilo tons by 2022, growing at a CAGR of 4.8%from 2015 to 2022
Civil aviation emerged as the largest end-use segment with demand share exceeding 65% in 2014. The sector is expected to generate high demand for lubricating oil particularly engine oil as a result of increased trans-continental travel, domestic air passenger traffic rise in Asian markets and strong preference towards aviation from locomotives in developing markets.
Asia Pacific was the leading consumer and accounted for 39.0% of global volume in 2014. Growing civil aviation sector as a result of reduced airfares, increased presence of aircraft operators and rising consumer income particularly in China, India, Thailand, and Indonesia is expected to drive the regional market over the forecast period.
Aerospace lubricant market is characterized by the presence of integrated companies who are involved in additive and base oil production as well. In regions such as China, there is a huge presence of independent blenders which leads to fragmentation.
Key companies in the industry include Exxon Mobil, Shell, British Petroleum, Total Lubricant, Chevron Corporation, Fuchs Group, Phillips 66, Castrol, Sinopec, Petrobras, Quaker Chemical Corporation and Aerospace Lubricant, Inc.
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Aerospace Lubricant– Industry Summary & Key Buying Criteria, 2012 – 2022
CHAPTER 3 AEROSPACE LUBRICANTINDUSTRY OUTLOOK
3.1 Market segmentation
3.2 Market size and growth prospects, 2012 - 2012
3.3 Aerospace lubricant value chain analysis
3.3.1 Vendor landscape
3.4 Aerospace lubricant market dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing air passenger traffic
3.4.1.2 Rising defense expenditure
3.4.2 Market restraint analysis
3.4.2.1 Shift towards bio-lubricant
3.5 Key opportunities prioritized
3.6 Industry analysis – Porter’s
3.7 Aerospace lubricant PESTEL analysis
CHAPTER 4 AEROSPACE LUBRICANTPRODUCT OUTLOOK
4.1 Global aerospace lubricant market volume share by product, 2014 & 2022
4.2 Gas turbine oil
4.2.1 Market estimates & forecasts, 2012 - 2022
4.2.2 Market estimates & forecasts by region, 2012 - 2022
4.3 Piston engine oil
4.3.1 Market estimates & forecasts, 2012 - 2022
4.3.2 Market estimates & forecasts by region, 2012 - 2022
4.4 Hydraulic fluid
4.4.1 Market estimates & forecasts, 2012 - 2022
4.4.2 Market estimates & forecasts by region, 2012 - 2022
4.5 Others
4.5.1 Market estimates & forecasts, 2012 - 2022
4.5.2 Market estimates & forecasts by region, 2012 - 2022
CHAPTER 5 AEROSPACE LUBRICANTEND-USE OUTLOOK
5.1 Global aerospace lubricant market volume share by end-use, 2014 & 2022
5.2 Civil
5.2.1 Market estimates & forecasts, 2012 - 2022
5.2.2 Market estimates & forecasts by region, 2012 - 2022
5.3 Defense
5.3.1 Market estimates & forecasts, 2012 - 2022
5.3.2 Market estimates & forecasts by region, 2012 - 2022
5.4 Space
5.4.1 Market estimates & forecasts, 2012 - 2022
5.4.2 Market estimates & forecasts by region, 2012 - 2022
CHAPTER 6 AEROSPACE LUBRICANT REGIONAL OUTLOOK
6.1 Global aerospace lubricant market share by region, 2014 & 2022
6.2 North America
6.2.1 Market estimates & forecasts, 2012 - 2022
6.2.2 Market estimates & forecasts by product, 2012 - 2022
6.2.3 Market estimates & forecasts by end-use, 2012 - 2022
6.2.4 U.S.
6.2.4.1 Market estimates & forecasts, 2012 - 2022
6.2.4.2 Market estimates & forecasts by product, 2012 - 2022
6.2.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.2.6 Canada
6.2.5.1 Market estimates & forecasts, 2012 - 2022
6.2.5.2 Market estimates & forecasts by product, 2012 - 2022
6.2.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3 Europe
6.3.1 Market estimates & forecasts, 2012 - 2022
6.3.2 Market estimates & forecasts by product, 2012 - 2022
6.3.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.4 Germany
6.3.5.1 Market estimates & forecasts, 2012 - 2022
6.3.5.2 Market estimates & forecasts by product, 2012 - 2022
6.3.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.5 UK
6.3.6.1 Market estimates & forecasts, 2012 - 2022
6.3.6.2 Market estimates & forecasts by product, 2012 - 2022
6.3.6.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.6 France
6.3.6.1 Market estimates & forecasts, 2012 - 2022
6.3.6.2 Market estimates & forecasts by product, 2012 - 2022
6.3.6.3 Market estimates & forecasts by end-use, 2012 - 2022
6.4 Asia Pacific
6.4.1 Market estimates & forecasts, 2012 - 2022
6.4.2 Market estimates & forecasts by product, 2012 - 2022
6.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.4.4 China
6.4.4.2 Market estimates & forecasts, 2012 - 2022
6.4.4.3 Market estimates & forecasts by product, 2012 - 2022
6.4.4.4 Market estimates & forecasts by end-use, 2012 - 2022
6.4.5 India
6.4.5.2 Market estimates & forecasts, 2012 - 2022
6.4.5.3 Market estimates & forecasts by product, 2012 - 2022
6.4.5.4 Market estimates & forecasts by end-use, 2012 - 2022
6.4.6 Japan
6.4.6.2 Market estimates & forecasts, 2012 - 2022
6.4.6.3 Market estimates & forecasts by product, 2012 - 2022
6.4.6.4 Market estimates & forecasts by end-use, 2012 - 2022
6.5 Central & South America (CSA)
6.5.1 Market estimates & forecasts, 2012 - 2022
6.5.2 Market estimates & forecasts by product, 2012 - 2022
6.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.5.4 Brazil
6.5.4.1 Market estimates & forecasts, 2012 - 2022
6.5.4.2 Market estimates & forecasts by product, 2012 - 2022
6.5.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.6 Middle East & Africa
6.6.1 Market estimates & forecasts, 2012 - 2022
6.6.2 Market estimates & forecasts by product, 2012 - 2022
6.6.3 Market estimates & forecasts by end-use, 2012 - 2022
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 ExxonMobil
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 British Petroleum
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Total Lubricant
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Chevron
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Fuchs Group
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Philips
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Castrol
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Sinopec
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Petrobras
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Royal Dutch Shell PLC
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
7.11 Quaker Chemical Corporation
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
7.12 Aerospace Lubricant Inc.
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.12.4 Strategic Initiatives
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Aerospace Lubricant– Industry Summary & Key Buying Criteria, 2012 – 2022
CHAPTER 3 AEROSPACE LUBRICANTINDUSTRY OUTLOOK
3.1 Market segmentation
3.2 Market size and growth prospects, 2012 - 2012
3.3 Aerospace lubricant value chain analysis
3.3.1 Vendor landscape
3.4 Aerospace lubricant market dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing air passenger traffic
3.4.1.2 Rising defense expenditure
3.4.2 Market restraint analysis
3.4.2.1 Shift towards bio-lubricant
3.5 Key opportunities prioritized
3.6 Industry analysis – Porter’s
3.7 Aerospace lubricant PESTEL analysis
CHAPTER 4 AEROSPACE LUBRICANTPRODUCT OUTLOOK
4.1 Global aerospace lubricant market volume share by product, 2014 & 2022
4.2 Gas turbine oil
4.2.1 Market estimates & forecasts, 2012 - 2022
4.2.2 Market estimates & forecasts by region, 2012 - 2022
4.3 Piston engine oil
4.3.1 Market estimates & forecasts, 2012 - 2022
4.3.2 Market estimates & forecasts by region, 2012 - 2022
4.4 Hydraulic fluid
4.4.1 Market estimates & forecasts, 2012 - 2022
4.4.2 Market estimates & forecasts by region, 2012 - 2022
4.5 Others
4.5.1 Market estimates & forecasts, 2012 - 2022
4.5.2 Market estimates & forecasts by region, 2012 - 2022
CHAPTER 5 AEROSPACE LUBRICANTEND-USE OUTLOOK
5.1 Global aerospace lubricant market volume share by end-use, 2014 & 2022
5.2 Civil
5.2.1 Market estimates & forecasts, 2012 - 2022
5.2.2 Market estimates & forecasts by region, 2012 - 2022
5.3 Defense
5.3.1 Market estimates & forecasts, 2012 - 2022
5.3.2 Market estimates & forecasts by region, 2012 - 2022
5.4 Space
5.4.1 Market estimates & forecasts, 2012 - 2022
5.4.2 Market estimates & forecasts by region, 2012 - 2022
CHAPTER 6 AEROSPACE LUBRICANT REGIONAL OUTLOOK
6.1 Global aerospace lubricant market share by region, 2014 & 2022
6.2 North America
6.2.1 Market estimates & forecasts, 2012 - 2022
6.2.2 Market estimates & forecasts by product, 2012 - 2022
6.2.3 Market estimates & forecasts by end-use, 2012 - 2022
6.2.4 U.S.
6.2.4.1 Market estimates & forecasts, 2012 - 2022
6.2.4.2 Market estimates & forecasts by product, 2012 - 2022
6.2.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.2.6 Canada
6.2.5.1 Market estimates & forecasts, 2012 - 2022
6.2.5.2 Market estimates & forecasts by product, 2012 - 2022
6.2.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3 Europe
6.3.1 Market estimates & forecasts, 2012 - 2022
6.3.2 Market estimates & forecasts by product, 2012 - 2022
6.3.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.4 Germany
6.3.5.1 Market estimates & forecasts, 2012 - 2022
6.3.5.2 Market estimates & forecasts by product, 2012 - 2022
6.3.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.5 UK
6.3.6.1 Market estimates & forecasts, 2012 - 2022
6.3.6.2 Market estimates & forecasts by product, 2012 - 2022
6.3.6.3 Market estimates & forecasts by end-use, 2012 - 2022
6.3.6 France
6.3.6.1 Market estimates & forecasts, 2012 - 2022
6.3.6.2 Market estimates & forecasts by product, 2012 - 2022
6.3.6.3 Market estimates & forecasts by end-use, 2012 - 2022
6.4 Asia Pacific
6.4.1 Market estimates & forecasts, 2012 - 2022
6.4.2 Market estimates & forecasts by product, 2012 - 2022
6.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.4.4 China
6.4.4.2 Market estimates & forecasts, 2012 - 2022
6.4.4.3 Market estimates & forecasts by product, 2012 - 2022
6.4.4.4 Market estimates & forecasts by end-use, 2012 - 2022
6.4.5 India
6.4.5.2 Market estimates & forecasts, 2012 - 2022
6.4.5.3 Market estimates & forecasts by product, 2012 - 2022
6.4.5.4 Market estimates & forecasts by end-use, 2012 - 2022
6.4.6 Japan
6.4.6.2 Market estimates & forecasts, 2012 - 2022
6.4.6.3 Market estimates & forecasts by product, 2012 - 2022
6.4.6.4 Market estimates & forecasts by end-use, 2012 - 2022
6.5 Central & South America (CSA)
6.5.1 Market estimates & forecasts, 2012 - 2022
6.5.2 Market estimates & forecasts by product, 2012 - 2022
6.5.3 Market estimates & forecasts by end-use, 2012 - 2022
6.5.4 Brazil
6.5.4.1 Market estimates & forecasts, 2012 - 2022
6.5.4.2 Market estimates & forecasts by product, 2012 - 2022
6.5.4.3 Market estimates & forecasts by end-use, 2012 - 2022
6.6 Middle East & Africa
6.6.1 Market estimates & forecasts, 2012 - 2022
6.6.2 Market estimates & forecasts by product, 2012 - 2022
6.6.3 Market estimates & forecasts by end-use, 2012 - 2022
CHAPTER 7 COMPETITIVE LANDSCAPE
7.1 ExxonMobil
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 British Petroleum
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Total Lubricant
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Chevron
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Fuchs Group
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Philips
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Castrol
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Sinopec
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Petrobras
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 Royal Dutch Shell PLC
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
7.11 Quaker Chemical Corporation
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.11.4 Strategic Initiatives
7.12 Aerospace Lubricant Inc.
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.12.4 Strategic Initiatives
