Aviation Lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of aircraft systems. They are used in different applications ranging from airframes, engines, landing gear, interiors, and avionics. The global aviation lubricants market size is projected to grow from an estimated USD 2.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 7.2% during the forecast period. This growth can be attributed to the increasing aircraft orders due to the rising passenger traffic across the globe. Advanced lubricants are used in aircraft engines to increase the efficiency of the aircraft.
Contracts, new product launches, investments, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the aviation lubricants market. In August 2020, Idemitsu Kosan Co. Ltd., a Japanese petroleum company, transferred all shares of Shell Lubricants Japan and entered into a share purchase agreement with Shell Overseas Holdings Limited. In April 2019, ExxonMobil invested in a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates.
Major players operating in the aviation lubricants market include Shell (Netherlands), ExxonMobil (US), Total (France), BP (UK), Lukoil (Russia), and Phillips 66, among others. These key players offer various aviation lubricant product types, including synthetic and mineral engine oil, and have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
Royal Dutch Shell (Netherlands) is one of the major players in the aviation lubricants market. It provides products and solutions across major aviation lubricant product types. Moreover, the company’s well-established distribution network and brand value serve as an essential factor for its growth. The company has a strong presence in Europe, North America, and the Middle East, and has a very high breadth of offerings, delivery and support, and excellent product distribution. In 2017, Shell Aviation launched the second-generation piston engine oil, AeroShell Oil Sport Plus 4, in South Africa. The oil is developed for light sport aircraft and very light/ultralight aircraft four-stroke engines.
ExxonMobil (US) is another leading company in the aviation lubricants market, with a strong presence in North America and Europe. The company provides a wide range of aviation lubricant products. ExxonMobil is focused on increasing its geographical reach by applying inorganic growth strategies. In 2017, ExxonMobil partnered with Aviall Services Inc. (US) to become a strategic distributor of its aviation lubricants in major markets, including North America, Latin America, Australia, and New Zealand.
Total (France) is another leading company in the aviation lubricants market. The company has strong R&D capabilities and is one of the leaders providing high-class lubricants. The company focuses on inorganic strategies. For instance, in August 2019, Total Lubrifiants, a leading player in the global lubricants market, announced the acquisition from Houghton International of its Aluminum Hot Rolling Oil (AHRO), Steel Cold Rolling Oil (SCRO), and Tinplate Rolling Oil (TPRO) activities in the North American and European Economic Area markets.
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