9:16 AM Aircraft Lubricant Market to reach an estimated value of US$ 1.48 billion in 2025 |
| Aircraft Lubricant Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more. Stratview Research’s estimates suggest that the aircraft lubricants market is forecasted to reach an estimated value of US$ 1.48 billion in 2025. The year 2019 was challenging for the aerospace industry, especially for commercial aerospace, with several setbacks, compelled the industry giants to reconfigure their strategies. Grounding of B737 Max, P&W 1100G engine series failure (A320neo), delayed deliveries of upcoming aircraft programs such as B777X, and revised production rates of key aircraft programs; A350XWB and B787 due to cancellation of Boeing’s orders from China and other parts of the world are some of the burning challenges of the industry, negatively impacting the entire supply chain including the demand for lubricants, especially at OE level in the North America region. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/355/Aircraft-Lubricant-Market.html Aircraft Lubricant Market Segment Insights: By Aircraft Type: Commercial aircraft is expected to remain the largest and the fastest-growing segment of the aircraft lubricants market during the forecast period. The year 2020 seems to be tough, owing to a host of factors such as the grounding of the B737max, the impact of the coronavirus outbreak leading to the grounding of flights and halt of production in China, and US-china trade war. However, the long-term outlook still seems positive with a plethora of opportunities for the market participants. Major players are advancing their lubricant products in compliance with the modern commercial aircraft engine requirements. HPC turbine oils have been developed with a focus to improve high-temperature resistance, oxidation-reduction, low coking, and elastomer integrity. By End-User Type: The market is segmented as OE and aftermarket. The aftermarket is expected to remain the larger segment of the global aircraft lubricants market during the forecast period. Increasing air passenger traffic and fleet size to drive the segment (air passenger traffic and aircraft fleet growth rates during 2018-2038 are 4.6% and 3.4%, as per Boeing's latest market outlook). By Region: North America is projected to remain the largest market during the forecast period, whereas Asia-Pacific is expected to remain the fastest-growing market during the same period. Short-term market demand is challenging in the Asia-pacific region with China and South Korea being severely impacted by the coronavirus outbreaks: Airbus has temporarily closed its A320 and A330 completion centers of Tianjin, China. Based on IATA estimates, Airlines in the Asia-Pacific region are likely to lose more than US$ 27 billion in revenues in 2020. Airlines in China would be most affected with an estimated US$ 12.8 billion lost in their domestic market alone. However, the long-term market outlook seems promising. As per Boeing’s latest estimations (2019-2038), China will need 8,090 commercial aircraft in the next twenty years, 5.2% higher than the company’s last-year forecast. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/355/Aircraft-Lubricant-Market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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