What is the Historical and Current Market Size Analysis of the Aviation Lubricants Market?
The Aviation Lubricants Market has demonstrated strong growth in recent years. The key factors driving this growth include regulatory changes, environmental concerns, an increase in the number of aircraft and air passengers, an increase in defense expenditure, and a surge in investment for research and development activity.
• In 2024, the market size stood at $1.89 billion, and it expanded to $2.03 billion in 2025, registering a CAGR of 7.4%.
What Does the Future Hold for the Aviation Lubricants Market Size and Growth?
The aviation lubricants market size is expected to see strong growth in the next few years. It will grow to $2.72 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%.
The growth in the forecast period can be attributed to growing demand for new commercial aircraft, rise in government initiatives, aging aircraft fleets, increasing disposable income, demand for fuel-efficient aircraft. Major trends in the forecast period include utilizing iot (internet of things) sensors to monitor lubricants, enhanced additives, synthetic lubricants, bio-based lubricants, engine efficiency focus.
What Factors are Fuelling the Growth of the Aviation Lubricants Market?
The rise in air passenger traffic is expected to propel the growth of the aviation lubricants market. According to the International Air Transport Association (IATA), there was a dramatic increase in air passenger traffic in March 2022, up 76.0% compared to March 2021. This is leading to an increase in demand for new aircraft and maintenance of existing fleets, therefore driving the demand for aviation lubricants.
How is the Aviation Lubricants Market Segmented?
The aviation lubricants market covered in this report is segmented by:
1) Type: Engine Oil, Grease, Special Lubricants And Additives, Hydraulic Fluid
2) Aircrafts: Business Jets and Turboprop Planes, Large Commercial Jets, Piston Engine Aircraft, Defense Aircraft, Helicopters, Other Aircrafts
3) Technology: Synthetic, Mineral Based
4) Application: Hydraulic Systems, Engine
Pre-Book The Aviation Lubricants Market Report For Swift Delivery And Comprehensive Insights Here
What Trends are Shaping the Aviation Lubricants Market?
The development of eco-friendly and safe aviation fuel and lubricant is a key trend in the aviation lubricants market. Companies operating in the aviation lubricants sphere are developing lubricants that are eco-friendly and safe to use, in line with increased environmental concerns. For instance, AeroShell is providing high-quality aviation lubricants to enhance the performance and sustainability of Air Europa's fleet, which supports operational efficiencies and reduces carbon emissions.
Who are the Key Players in the Aviation Lubricants Market?
Major players operating in the aviation lubricants market include:
• Aerospace Lubricants Inc
• Eastman Chemical Company
• Exxon Mobil Corporation
• The Chemours Company
• Lanxess AG
• Royal Dutch Shell plc
• NYCO Tournai Plant
• Langepas Uray and Kogalym oil Inc.
• Nye Lubricants Inc.
• Ragosine Oil Company
Which is the Dominant Region in the Aviation Lubricants Market?
North America led the global aviation lubricants market in 2024, and Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The regions covered in the aviation lubricants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
