South Korea Aerospace Lubricant Market Size & Outlook
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South Korea aerospace lubricant market highlights
- The South Korea aerospace lubricant market generated a revenue of USD 44.5 million in 2023 and is expected to reach USD 65.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, gas turbine oils was the largest revenue generating product in 2023.
- Piston engine oils is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace lubricant market data book summary
| Market revenue in 2023 | USD 44.5 million |
| Market revenue in 2030 | USD 65.2 million |
| Growth rate | 5.6% (CAGR from 2024 to 2030) |
| Largest segment | Gas turbine oils |
| Fastest growing segment | Piston engine oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gas turbine oils, Piston engine oils, Hydraulic fluids |
| Key market players worldwide | Aerospace Lubricants, IKV Group, Nye Lubricants, Santies Wholesale Oil Company, Idemitsu Kosan Co Ltd, Fuchs SE ADR (Representing Pref. Shares), Castrol, Eastman Chemical Co, Shell PLC, Chevron |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global aerospace lubricant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace lubricant market is projected to lead the regional market in terms of revenue in 2030.
- Oceania is the fastest growing regional market in Asia Pacific and is projected to reach USD 86.0 million by 2030.
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Aerospace Lubricant Market Scope
Aerospace Lubricant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chevron | View profile | 10001+ | San Ramon, California, United States, North America | http://www.chevron.com |
| Santies Wholesale Oil Company | View profile | 51-100 | Sikeston, Missouri, United States, North America | https://santiemidwest.com/ |
| Nye Lubricants | View profile | 101-250 | Fairhaven, Massachusetts, United States, North America | http://nyelubricants.com |
| Castrol | View profile | 5001-10000 | Sunbury-on-thames, Surrey, United Kingdom, Europe | https://www.castrol.com |
| Aerospace Lubricants | View profile | 11-50 | Columbus, Ohio, United States, North America | https://www.aerospacelubricants.com |
| IKV Group | View profile | 11-50 | Raglan, Monmouthshire, United Kingdom, Europe | https://ikvlubricants.com |
| Idemitsu Kosan Co Ltd | View profile | 19227 | 1-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8321 | http://www.idemitsu.co.jp |
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
South Korea aerospace lubricant market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace lubricant market will help companies and investors design strategic landscapes.
Gas turbine oils was the largest segment with a revenue share of 47.42% in 2023. Horizon Databook has segmented the South Korea aerospace lubricant market based on gas turbine oils, piston engine oils, hydraulic fluids covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea aerospace lubricant market databook
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Our clientele includes a mix of aerospace lubricant market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea aerospace lubricant market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aerospace lubricant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea aerospace lubricant market size, by product, 2018-2030 (US$M)
South Korea Aerospace Lubricant Market Outlook Share, 2023 & 2030 (US$M)
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