AIRCRAFT LUBRICANT MARKET ANALYSIS

Aircraft Lubricant MarketSize and Trends

Aircraft Lubricant Market: Introduction

Lubricants are organic compounds that are used to reduce friction and withstand extreme temperature between the surfaces. These lubricants are available in the form of greases and oils for applications in gas turbine, piston, hydraulic, wheel bearing, and others. Oil creates a seal between cylinder walls and piston rings, which helps in reducing friction and facilitates better compression. Moreover, it also keeps contaminants away and improves fuel efficiency.

Aircraft Lubricant Market: Dynamics

Rising number of passengers travelling via aircrafts across the globe is expected to increase demand for aircrafts, which in turn, would propel demand for aircraft lubricants in the global market. According to the World Bank, in 2017, 3.9 billion passengers travelled through aircrafts, which increased from 3.4 billion passengers in 2015, globally. The data includes both domestic and international air passengers.

Apart from its basic functions such as reducing friction, sealing, cooling, cleaning, and facilitating protection for moving parts, other vital functions such as constant viscosity and thermal stability during the time of high temperature and pressure is expected to increase demand for aircraft lubricants in the global market in the near future.

Market Size & Trends