The Global Aviation Lubricant Market was worth US$ 2.2 billion in 2019 and the estimated CAGR for the duration 2020 and 2030 is 4.3%.The aviation industry has witnessed prominent growth during the past decade owing to increased investment in development of advanced aircrafts and associated components. The number of military and commercial aircraft deliveries has increased significantly to strengthen the air power and to meet the rising demand for increased air traffic respectively. Aviation lubricants play a vital role in smooth operation of an aircraft and are used to reduce friction and wear & tear of moving elements. Additionally, aviation lubricants also facilitate cleaning, sealing, cooling, and resistance to corrosion and rusting of different weather elements. This has contributed significantly towards the growth of the global aviation lubrication during past decade. Increased investment in military aviation, development of advanced aircraft engines, and increased development of advanced lubricants to improve aircraft performance is anticipated to bolster the growth of the global aviation lubricant market during the forecast period.
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