Nigeria Aerospace Lubricant Market Size & Outlook

The aerospace lubricant market in Nigeria is expected to reach a projected revenue of US$ 3.5 million by 2030. A compound annual growth rate of 3.2% is expected of Nigeria aerospace lubricant market from 2023 to 2030.

Revenue, 2022 (US$M)
$2.7
Forecast, 2030 (US$M)
$3.5
CAGR, 2023 - 2030
3.3%
Report Coverage
Nigeria

Nigeria aerospace lubricant market, 2018-2030 (US$M)

Nigeria

Related Markets

Nigeria aerospace lubricant market highlights

  • The Nigeria aerospace lubricant market generated a revenue of USD 2.7 million in 2022 and is expected to reach USD 3.5 million by 2030.
  • The Nigeria market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
  • In terms of segment, gas turbine oils was the largest revenue generating product in 2022.
  • Piston engine oils is the most lucrative product segment registering the fastest growth during the forecast period.

Aerospace lubricant market data book summary

Market revenue in 2022USD 2.7 million
Market revenue in 2030USD 3.5 million
Growth rate3.2% (CAGR from 2022 to 2030)
Largest segmentGas turbine oils
Fastest growing segmentPiston engine oils
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationGas turbine oils, Piston engine oils, Hydraulic fluids
Key market players worldwideExxon Mobil Corp, Shell PLC, Chevron Corp, BP Castrol KK, Sinopec Oilfield Service Corp Class H, Petroleo Brasileiro SA Petrobras ADR, Quaker Houghton, BP PLC ADR, Fuchs SE Registered Shares, Phillips 66, Aerospace Lubricants

Other key industry trends

  • In terms of revenue, Nigeria accounted for 0.1% of the global aerospace lubricant market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, South Africa aerospace lubricant market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 29.2 million by 2030.

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Aerospace Lubricant Market Scope

Aerospace lubricant market segmentation & scope
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

Aerospace Lubricant Market Companies

Name Profile # Employees HQ Website

Nigeria 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 44.44% in 2022. Horizon Databook has segmented the Nigeria 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.


  • Nigeria 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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Target buyers of Nigeria aerospace lubricant market databook

  • Our clientele includes a mix of aerospace lubricant market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 country-level data and insights on the Nigeria aerospace lubricant market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria aerospace lubricant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Nigeria aerospace lubricant market size, by product, 2018-2030 (US$M)

Nigeria Aerospace Lubricant Market Outlook Share, 2022 & 2030 (US$M)

Nigeria aerospace lubricant market size, by product, 2018-2030 (US$M)

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