Global Aviation Lubricants Market to Grow at 5.68% Annually Through 2027 – QNT Press Release

DUBLIN, Sept. 22, 2022 /PRNewswire/ — The “Global Aviation Lubricants Market, By Type (Engine Oil, Hydraulic Fluid, Grease, Special Lubricants & Additives), By Aircraft Type, By Technology, By End User, By Region, Competition, Forecast & Opportunities, 2017- 2027” report has been added to’s offering.

The Global Aviation Lubricants Market stood at USD4.95 billion in 2021 and is anticipated to grow at a CAGR of 5.68% in the forecast period. The booming tourism industry and the high demand for aviation lubricants from the aviation industry to optimize fuel efficiency and fuel economy are driving the Global Aviation Lubricants Market demand. The rise in air traffic and the lowered airfare rates are increasing the number of aircraft, which is expected to boost the demand for aviation lubricants in the forecast period.

There is a massive rise in the fleet size of commercial and military aircraft, including narrow body aircraft, wide body aircraft, regional aircraft, business aircraft, rotorcrafts, fighter aircraft, due to the rise in air travel activities. Also, spacecraft or rockets use aviation lubricants to reduce the necessary maintenance requirements during long missions.

The market players focus on research and development activities to find innovative solutions to provide better quality products with reduced cost to achieve high fuel efficiency and economy. …

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