Opportunities for lubricants in the global plastic processing market to reach $5.3 billion by 2023

According to a new market report published by Lucintel, the future of lubricants in the global plastic processing market looks promising with opportunities in the construction, packaging, consumer goods, and automotive industries. Lubricants in the global plastic processing market are expected to reach an estimated $5.3 billion by 2023 with a CAGR of 3.5% from 2018 to 2023. The major drivers for this market are growing demand for plastics in various end use markets, including construction, packaging, consumer goods, and automotive and increased demand for lubricants to reduce frictional forces and to improve processing & productivity of plastics manufacturing.
In this market, paraffin/mineral oils, metallic stearates, petroleum/polyolefin wax, fatty amides, esters, acids, and alcohols are the major lubricants used for plastic processing to minimize friction, lower energy consumption, and increase dispersion. Lucintel forecasts that metallic stearates will remain the largest market due to their wide usage as internal and external lubricants in PVC and other plastic processing industries. Lucintel predicts that paraffin/mineral oil will witness the fastest growth during the forecast period due to the increasing consumption of paraffin as an external lubricant and secondary plasticizer in PVC processing.
Within lubricants in the global plastic processing market, PVC will remain the largest polymer by value and volume due to the increasing demand for PVC in various applications such as, pipes, packaging, wire & cable, flooring, roofing, building materials, consumer goods, healthcare, and automotive parts. Engineering Plastics is expected to witness highest growth over the forecast period due to the demand for high performance plastics in automotive and electronics markets.
Asia Pacific is expected to remain the largest market by value and volume and witness the highest growth over the forecast period due to the growing demand for plastics in construction, packaging, and automotive industries.
An emerging trend that has a direct impact on the dynamics of the industry is the use of renewable raw materials for manufacturing of lubricants. Baerlocher, Valtris Specialty Chemicals, Clariant, PMC Biogenix, BASF SE, Peter Greven, Faci, FERRO-PLAST, and Exxon Mobil are among the major suppliers of lubricants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in lubricants in the global plastic processing market by lubricant type, polymer type, product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in Lubricants in the Global Plastic Processing Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for lubricants in the global plastic processing market by lubricant type, polymer type, product type, end use industry, and region as follows:
By Lubricant Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• Paraffin/Mineral Oil
• Metallic Stearates
• Petroleum/Polyolefin Wax
• Fatty Amides
• Esters/Acids/Alcohols
• Other Lubricants
By Polymer Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• Polyvinyl Chloride (PVC)
• Polyolefin (PO)
• Engineering Plastics
• Other Plastics
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• Construction
• Packaging
• Consumer Goods
• Automotive
• Others
By Product Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• Internal Lubricants
• External Lubricants
By Region [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
• North America
− US
− Canada
− Mexico
• Europe
− Eastern Europe
− Western Europe
• Asia Pacific
− China
− India
− South Korea
− Japan
• The Rest of the World
This 243-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for lubricants in the global plastic market by lubricant type (paraffin/mineral oil, metallic stearates, petroleum/polyolefin wax, fatty amides, esters/acids/alcohols, and others), polymer type (polyvinyl chloride [PVC], polyolefin [PO], engineering plastics, and other plastics), product type (internal lubricants and external lubricants), end use industry (construction, packaging, consumer goods, automotive, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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+1-972-636-5056
marketing@lucintel.com

This release was published on openPR.