-- Depending on their composition that is, base oil + additives and characteristics such as thermal stability, boiling point, freezing point, high viscosity index, etc. they are used for abundant applications. The prominent industries served by lubricants are automotive, manufacturing, machinery, textiles, transportation, aviation, marine among others. Lubricants are generally of four types; liquid form, semi-solid form, solid form and synthetic form.
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Global Lubricant Market Size and Volume - Forecasts to 2025 By End-User Landscape (Consumer Profile), Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants), Application (Industrial Lubricant (Process Oils, General Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive Lubricant (Heavy-Duty Engine Oil, Hydraulic & Transmission Fluid, Passenger Vehicle & Motor Oil, Automatic Transmission Fluid)) and Region
End-use companies such as Shell, ExxonMobil among others are investing extensively on the manufacturing and sale of lubricants, which presents a huge opportunity to lubricant suppliers. The report provides a detailed list of end-users operating across the world. The end-use landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others. Growing end-use industries in the emerging economies are expected to increase the demand for the lubricants market.
Complete report on Lubricant Market spread across 134 pages, profiling 15 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/399494
Mineral oil lubricant is among the major type of lubricant and continues its dominance in the forecast period (2017-2025). Based on the type, lubricants are classified as mineral oil lubricants, bio-based lubricants, and synthetic lubricants. The Mineral oil based lubricants are mineral oil (petroleum by product) based. The mineral oil is of three types, that is, Paraffinic Oil, Naphthenic Oil and Aromatic oil. The Bio-based lubricants are based on oil extracted from various vegetables such as soybean, palm, coconut, sunflower, canola among others. These type of lubricants have evolved as a result of concern for environmental interest. For Synthetic type of lubricants highly refined base oil is used as compared to traditional mineral oil based lubricants, to ensure better performance and protection.
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Global Lubricant Market Drivers:
* Automobile Industry: Growing automobile industry in developing economies, specifically APAC region and stable automobile industry of the U.S. and Europe will drive the lubricants market
* Low Viscosity Fluid: Increasing demand for low viscosity fluids from automotive industry will create a demand for industrial lubricants
* Rapid Industrialization: Rapid industrialization especially in developing countries will fuel up the usage of lubricants
* Machinery Development: Development and modernization of machinery for various industrial purposes will create a demand for lubricants in future
* Others: Other application areas such as mining, wind turbine, etc. will affect the lubricants market positively
Automotive lubricant industry is projected to grow at a considerable rate during the forecast period (2017-2025). Automotive industry is one of the major application area for lubricants, where in lubricants in form engine oil, gear oil, grease, transmission fluid and other fluids are used. Increasing demand of both light duty as well as heavy duty commercial vehicles especially in APAC region is a major driving factor.
The automotive industry has become saturated in few parts of North America & Europe and so the demand from these regions is comparatively low.
Increase in the life span of vehicles encourage the high usage of lubricants for enhanced performance and protection against damage, which is the driving factor for lubricants market. Government stated legislations and OEM requirements encourage the use of high quality lubricants so as to maintain vehicles and environments health. Also, the frequently changing raw material prices affect the market both positively and negatively.
Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Lubricant Market By TYPE
8 Global Lubricant Market By APPLICATION
9 Global Lubricant Market By PRODUCT
10 Global Lubricant Market By REGION
11 Global Market Lubricant Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles
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