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Forecast and analysis of the market size of the global and China's aviation lubricant distribution industry in 2022: the market is gradually recovering

Datatime:2022-12-05Source :York Trading (Shanghai) Co., Ltd.Hits:2078

Lubricating oil is an important material to ensure the normal operation of aero-engines. In recent years, with the advent and use of various high-efficiency and environmentally friendly new aircraft and new engines, the aviation industry has also put forward new requirements for aviation lubricants. High-performance aviation lubricants have higher oxidation stability and thermal stability, which can reduce the formation of coke and carbon deposits, avoid component wear and improve engine reliability. At the beginning of 2020, the new crown epidemic had a huge impact on the global aviation industry. The demand for the aviation industry has shrunk sharply. Global airlines have drastically reduced their capacity and even experienced a liquidity crisis. The entire aviation industry is facing an operating crisis. The market size of the global aviation lubricant distribution About US$1.1 billion, a year-on-year decrease of 23.56%. According to QYResearch data, the global aviation lubricants distribution market has been on a steady upward trend from 2016 to 2018, with a slight decline in 2019 and a more obvious decline in 2020. The China Business Industry Research Institute predicts that from 2021 to 2022, with the improvement of the new crown epidemic, the market size of the global aviation lubricant distribution industry will rebound, reaching 1.373 billion US dollars in 2022.

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