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Aerospace lubricants are used as a supplement to reduce the friction between aerospace elements that interact directly to prevent cracks and scratches, thereby improving engine efficiency resulting in more miles with the same fuel. Applications of lubricants include different parts of aircraft, air shafts, fan motor, control valves, reducing gears, and others. It offers properties such as high wear resistance, long life, and thermal stability to aircrafts. Other applications of lubricant are it is used for cooling the parts of aeroplanes and helicopters, which provide non-corrosive and rust-free properties. Lubricants are used for complete operations of components, which lead to better fuel economy and engine efficiency. They can also withstand high temperature and heat.Â
The need to improve fuel economy and better efficiency with fuel emission is leading to the growth of the aerospace lubricants market. Increase in number of passengers traveling by air and decline in ticket prices led to increase in usage of number of aircraft, leading to the development of aerospace industry. In rocket, using a high-quality aerospace fuel leads to its long life.Â
Increase in investment in the defense sector in the U.S., China, India, France, and Russia is expected to be the highest. The strong need for high-quality workflows and critical technological developments is expected to provide industry participants with leading opportunities.Â
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Aerospace Lubricants Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Crane Aerospace, Aerospace Lubricant, Inc., Eastman Chemical Company, Castrol limited, China Petrochemical Corporation, Sinopec Oils, Dupont, Shell, Quaker Chemical Corporation, Phillips 66 Company, Zodiac Aerospac |
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