Global Aerospace Lubricant Market Size & Outlook
Global aerospace lubricant market, 2018-2030 (US$M)
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Global aerospace lubricant market highlights
- The global aerospace lubricant market generated a revenue of USD 2,037.5 million in 2022 and is expected to reach USD 2,989.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.9% by 2030.
- In terms of segment, gas turbine oils accounted for a revenue of USD 910.4 million in 2022.
- Piston engine oils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Angola is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,037.5 million |
| Market revenue in 2030 | USD 2,989.0 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Gas turbine oils |
| Fastest growing segment | Piston engine oils |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas turbine oils, Piston engine oils, Hydraulic fluids |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global aerospace lubricant market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Angola is the fastest growing regional market and is projected to reach USD 9.9 million by 2030.
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Aerospace Lubricant Market Scope
Aerospace Lubricant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aerospace lubricant market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace lubricant market will help companies and investors design strategic landscapes.
Gas turbine oils was the largest segment with a revenue share of 44.68% in 2022. Horizon Databook has segmented the Global aerospace lubricant market based on gas turbine oils, piston engine oils, hydraulic fluids covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aerospace Lubricant Product Outlook (Revenue, USD Million, 2018-2030)
- Gas turbine oils
- Piston engine oils
- Hydraulic fluids
- Others
- Process Oils
- General Industrial Oils
- Metalworking Fluids
- Industrial Engine Oils
- Greases
- Engine oil
- Hydraulic oil
- Gear oil
- Turbine oil
- Transmission Fluids
- Brake Fluids
- Coolants
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Our clientele includes a mix of aerospace lubricant market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aerospace lubricant market , including forecasts for subscribers. This global databook contains high-level insights into Global aerospace lubricant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aerospace lubricant market size, by region, 2018-2030 (US$M)
Top 10 countries: Aerospace lubricant market size, 2022 (US$M)
Global aerospace lubricant market share, by product, 2022 & 2030 (%, US$M)
Aerospace lubricant market: Opportunity assessment by country
Global aerospace lubricant market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 203.2 | 212.1 | 212.9 | 221.9 | 232.2 | 241.9 | 252.4 | 262.7 | 275.9 | 288.7 | 301.9 | 315.6 | 329.9 | 4.2% |
| Europe | 275.9 | 289.7 | 292.5 | 306.8 | 323.0 | 338.5 | 355.4 | 372.1 | 393.2 | 414.0 | 435.6 | 458.2 | 475.9 | 4.7% |
| North America | 411.0 | 431.0 | 434.8 | 455.4 | 478.9 | 501.2 | 525.7 | 549.7 | 580.2 | 610.1 | 641.1 | 673.6 | 701.5 | 5.1% |
| MEA | 172.7 | 177.9 | 176.2 | 181.2 | 186.9 | 191.9 | 197.3 | 202.1 | 208.9 | 215.0 | 221.0 | 227.0 | 245.1 | 6.4% |
| Asia Pacific | 692.2 | 728.2 | 736.8 | 774.1 | 816.5 | 857.3 | 901.9 | 946.1 | 1,001.6 | 1,056.5 | 1,113.7 | 1,173.7 | 1,236.7 | 5.0% |
| Overall | 1,755.1 | 1,838.9 | 1,853.2 | 1,939.4 | 2,037.5 | 2,130.8 | 2,232.6 | 2,332.6 | 2,459.7 | 2,584.1 | 2,713.3 | 2,848.1 | 2,989.0 | 4.9% |
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