Global Aerospace Lubricant Market - 2020-2027
|航太用潤滑劑的全球市場 (2020-2027年) Global Aerospace Lubricant Market - 2020-2027|
|出版日期: 2020年11月27日||內容資訊: 英文||
根據The Congressional Research Service Government Organization的報告，航太產業從2009年到2028年之間，航空公司需要29,000架新飛機，價值3.2兆美元。據此，航太產業的航太用潤滑劑市場有誕生龐大需求的可能性。
The global aerospace lubricant market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Aerospace lubricant is an odorless, clean and clear oil used in the maintenance and repairing of aircraft structures, engines and systems. The aerospace lubricant help to reduce fuel consumptions and bring flexibility in large scale operations of aerospace industry. Aerospace lubricants are evaluated based on machine operating contexts, viscosity grade, volatility, sump cleanliness control and rate of long-term use.
Apart from this, companies are determining compositional differences among available lubricants as per the parts and aerospace systems requirements. Aerospace lubricants are selected based on several parameters such as fluid-film lubrication, operating environment, compatibility, boundary lubrication performance, fire resistance, stability, toxicity & biodegradability and susceptibility to additives.
Aerospace lubricant are substantially used in variety of aerospace applications including valves, regulators and seals, liquid-fueled rocket engines, ground support systems, engine oil &gearbox, couplings, engine, oxygen system, Bearings, ballscrews, leads crews, aerospace instruments, gimbals and gyroscopes.
The global aerospace lubricantis driven by rising aerospace and defense investment in the by the several government and private companies and agencies such as space Japanese Aeronautics exploration agency, NASA, ISRO, Korea aerospace research institute (KARI), Iranian space agency. Further increasing number of the air passengers coupled with adoption of the modern technology in the aerospace industry
The market is driven by aerospace and defense investment by government and private companies and agencies such as space Japanese Aeronautics exploration agency, NASA, ISRO, Korea aerospace research institute (KARI), etc. According to the United Nations Conference on Trade and Development (UNCTAD)in South Asia, Foreign Direct Investment (FDI)by the leading aerospace and aerospace parts manufacturers such as Boeing GE, Siemens, HTC, Toshiba, reached to around US$ 49 billion on global level.Further in 2019 NASA launched initivative program named Artemis program for Space systems development increased bynearly 9% in sales.
Rising demand of the aerospace lubricants with surge in the sale and production of the commercial aircrafts as well as rising number of air travelers around the globe. For instance, as per the Congressional Research Service Government Organization report, aerospace industry's needs around 29,000 new planes in the airlines valued at $3.2 trillion between 2009 and 2028. It may create huge demand for the aerospace lubricant market in the aerospace industry.
Contamination of the lubricants due to part failures, operational conditions such as dust andhigh operating temperatures may hamper the growth of the aerospace lubricant market. The aerospace parts such as engine, turbines, blades, couplings, engine, oxygen system, bearing, ballscrews, leads crews, aerospace instruments, gimbals and gyroscopes are subjected to wear and tear due to continous operations. Hence the aerospace lubricant gets contaminated which affect the efficeincy of the aircrafrts.
Increasing launch of the advanced low-density aerospce lubricant for fulfilment of the growing demand by the aerospace industry may create huge opportunity for the growth of the aerospace lubricant market. For instance on 20th Nov 2019, ExxonMobil and GE launched Mobil SHCTM 918 EE turbine advanced co-branded turbine oil which is capable of increasing bearing efficiency by 15%. The lubricant designed for use in multi-shaft 7HA, 9HA, 6FA.01 and 7FA GE turbines, with approval for use by GE. The Company provided with the first-ever Energy Efficiency (EE) turbine oil and reduces energy consumption.COVID-19 Impact Analysis
The global aerospace lubricantmarket has shown immence declination due to COVID-19 outbreak as several countries have banned the air travel for the passenges which put aviation business idled. As the air travel was stopped fleet maintainence, readiness and overhauling was also stopped which minimized the demand for the aerospace lubricant oil.
The aerospace's industry's OEM and MRO sectorsproduction units has negatively affected due to imbalance in supply and demand due to the available inventory stocks. In addition, several aircraftdelivery orders have been delayed in the first and second quarter of 2020 due to lockdowns in various countries, which has declined in revenue of manufacturers.
Several manufacturers have to cope with the challenging requirements such as following social distance, cleaning of airlines and providing necessary facilities to travelers with respect to health safety. Further as per the Aerospace Industries Association (AIA), globally, passenger travels has shown immense declination due to the pandemic which expected to result in loss of more than US$ 400 billion in revenue for airlines. Also, civil aviation manufacturers affected, with international aircraft production expected to drop by nearly 50% in 2020. Further demand will increase as soon as the pandemic will over.
The global aerospace lubricantmarket is segmented based on types, product, technology, application, end-usersand region.
In terms of type, the global aerospace lubricantmarket is bifurcated intohydraulic fluid, engine oil, grease, gear oil, bearing oil and others. Among this engine oil segment has the highsest share in 2019, owing to increasing launching of the engine oils by the leading players owing to surge in demand for improving the engine efficiency and for saving of the fuel consumption by the aircraft.
For instance,on 28th October 2020, Goodyear planned to launch new line of engine oils in November 2020 by collaburating with Assurance INT. The product line consists of a full range of lubricants including greases, brake fluid, transmission oil, hydraulic oils, tractor oil, diesel exhaust fluid, gear oil etc. Futher engine oil is segmented into Turbine Engine oil and Piston engine oil. The turbilne oil is exposed to much wider temperature ranges, from -73°C to 200°C hence it posses excellent natural resistance to oxidation property.
Depending upon the product the global aerospace lubricant market is divided into group I. Group II, Group III, Group IV. Among this Group II segment has the highest market share in 2019, this is proimarily due to it is usedn in aircraft-type gas turbine lubricant for high performance which was formulated with a combination of a highly stable synthetic base fluid.
Increasing launch of advanced synthetic oil by the leading firms and organizations in the spacecraft industry have propelled the demand for the thissegmental growth
Depending upon the technology, the global aerospace lubricant market is divided into napthenic, paraffinic, synthetic and bio-based. Among this, synthetic oil segment has the highest market share in 2020, whichis primarily due to launch of the new synthetic oil for the aircraft for efficient running and for reducing the fual consumption. For instance,on 23rdOctober 2020, Bharat Petroleum Corporation Ltd (BPCL) launched twohigh-end synthetic lubricant lubes.
Based on application, global aerospace lubricantmarket is divided into civil, defense/military and space. Among this civil segment has the highest market share owing to rising numbmer of international passengers around the globe.
Similalry, defense/military and spacesegments are also growing at the highest pace owing to surge in the investment to by the space craft by government organizations fromthe leading aerospace manufacturers around the globe. For instance, on 9th Nov 2019, the NASA has ordered to six Orion spacecraft from Lockheed Martin for around US$4.6 billion. Further, Boeing and SpaceX, are developing a capsule to fly NASA astronauts to the space station. It has created huge demand for the aerospace oil in this sector.
Based on end-user, global aerospace lubricantmarket is divided into OEM and Maintenance and Repair Organization (MRO). Among this, OEM segment has the highest share in 2019, this is primarily due to rising launching of the new oils by the leading players for aircraft manufacturing operations such asmachining hard metals, cutting etc.
For instance, on 1st July, 2020, Master Fluid Solutions one of the global leader in metalworking fluids launchednew lubricantHyperSol 888NXT tailored to the unique and complex needs of the aerospace industry. It was created for machining hard metals like titanium, stainless steel and nickel-based alloys such used in aerospace applications.
North America region is dominating the global aerospace lubricant market accounted for the largest market share in 2019, due to presence leading aircraft manufacturing industries with growing aerospace and defense spending by the United States government. For instance, as SELECT government Organization in 2018, United States aerospace manufacturers contributed around US$151 billion in export sales with foreign direct investment (FDI) into the United States aerospace industry totaled nearly US$ 22 billion.
The region comprised of several leading aircraft manufacturers such as Northrop Grumman, Raytheon Technologies, Boeing, Airbus etc. Similarly, Asia-Pacific region is also growing at rapid pace owing the increasing demand by the aviation industry with surge in the air travelled from this region.
The aerospace lubricant market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include British Petroleum, Exxon Mobil, Shell, Sinopec, Total Lubricant, Fuchs Group, Phillips 66, Castrol, Aerospace Lubricant, Inc, Petrobras, Quaker Chemical Corporation Hernon Manufacturing Inc. and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which are contributing to the growth of the aerospace lubricant market globally. For instance, on6th June 2020, Aerospace Lubricants, Inc. have recently announced to expand the production capacity of specialized grease needed in military and commercial aviation, the plant will add 10 million pounds of grease production capacity at its Columbus, Ohio, United States location.
The global Aerospace lubricant market report would provide an access to an approx. 77market data table, 78 figures and 230pages.