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Aviation Lubricants
OREGAON, PORTLAND, UNITED STATES, May 19, 2023 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Aviation Lubricants Market by Type, Technology, End User, Application, and Platform: Opportunity Analysis and Industry Forecast, 2020–2027”, the global aviation lubricants market was valued at $2.24 billion in 2019, and is projected to reach $2.84 billion by 2027, registering a CAGR of 6.2% from 2020 to 2027.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 : https://www.alliedmarketresearch.com/request-sample/8295
Asia-Pacific dominates the market in terms of revenue, followed by North America, Europe, and LAMEA. In Asia-Pacific, China dominated the aviation lubricants market in 2019, whereas South Korea is expected to witness growth at a significant rate during the forecast period.
Different types of aircrafts have different lubrication requirements as well as different lubrication standards to ensure smooth and safe operation of aircrafts. Contamination of aviation lubricants, owing to presence of sand, dirt, or metallic particles in lubricants below required quality standards can result in engine service failure and might result in extra wear and metallic abrasion, which can damage components of an aircraft and might lead to disaster.
According to a report shared by the Shell Company, 70% of the total aviation engine failures were due to contamination, out of which 50% resulted from problems of metallic abrasion and wear. Therefore, contamination of aviation lubricants is expected to hamper growth of the global aviation lubricants market.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/aviation-lubricants-market/purchase-options
Weight is a critical factor for airlines, which directly impacts stability as well as performance of aircrafts. Aircraft manufacturers always seek for use of materials and components of aircrafts, which are strong enough as well as lighter in weight to reduce overall weight of an aircraft. Lubricants also contribute to weight of aircrafts. Therefore, there is a rise in demand for low-density lubricants from aircraft manufacturers, which helps in further reduction of weight. This, in turn, improves performance of an aircraft, which is expected to create growth opportunities for key players operating in the global aviation lubricants market.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :
In 2019, by end user, the aftermarket segment generated the highest revenue.
In 2019, by application, the engine segment was the highest revenue contributor.
In 2019, by platform, the commercial aviation segment was the highest revenue contributor.
In 2019, region-wise, Asia-Pacific contributed the highest revenue, followed by North America, Europe, and LAMEA.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/8295
The key players analyzed in the aviation lubricants market report include Exxon Mobil Corporation, Aerospace Lubricants, Inc., The Chemours Company, Royal Dutch Shell plc, NYCO, LANXESS, LUKOIL, Nye Lubricants, Inc., Eastman Chemical Company, ROCOL, and JET-LUBE.
David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here
