Industrial Lubricants Market 2018–Industry Application, Trends, Outlook, Growth Factors, Key Opportunities, Segmentation and Forecast 2022

Market Highlights:-

High demand from the automotive sector is the key factor driving the growth of the industrial lubricants market. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the global industrial lubricants market. On the other hand, increasing popularity of hybrid electric vehicles may hamper the growth of the global industrial lubricants market. Global industrial lubricants market was valued at USD 56.87 billion in 2016, and is expected to grow at CAGR of 2.4% by 2022.

Top Key Player:-

The key players of global industrial lubricants market are BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (The Netherlands), Chevron Corporation (U.S.) and Idemitsu Kosan Co. Ltd (Japan).

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Restraints:-

The falling profitability coupled with lack of technical understanding is hampering the market. Environmental regulations are other concern as they result in increasing the operating cost of the company. For example, the European Solvents Industry Group (ESIG), is framing the solvent VOC emissions standards to reduce the VOC solvent emissions in the European Union.

There has also been a slowing down of star economies such as China, and India. Growing labor wages especially in china and in the emerging economies is another trouble for the market. Volatile oil prices, currency fluctuations, are other factors presenting challenges to the industry.

Industrial News:

December, 2017 - Maximus international is set to aquire pacific lubricants

November, 2017 - Fuchs Petrolub SE, acquired Ultrachem, Inc., producer of specialty synthetic lubricants used in compressor and industrial maintenance.

Table Of Contents:-

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model



3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

To be Continued......

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Regional Analysis:-

Asia-Pacific region dominates the global industrial lubricants market. Rapid growth in automotive and manufacturing sector in this region is a significant factor that spurs the demand of the market in APAC region. In Asia-Pacific region, global industrial lubricants market is expected to grow at the fastest pace during the forecast period. Saturated regions such as Europe is expected to grow at a moderate pace, owing to increasing output from end-use industries.

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