Lubricants Market 2018: Future Outlook By Top key Players Analysis ExxonMobil, Idemitsu Kosan Co.,Ltd., Chevron, Shell, LUKOIL, FUCHS PETROLUB Group & More

Global Lubricants Market Research Report is a professional and in-depth study on the current state of the Global Lubricants Industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The global lubricants analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

As per article published by shell industry; India’s 55 per cent of lubricants are consumed by the automobile sector and the rest is being used by industrial and marine industries. One of the major drivers for the growth of lubricant market is strong demand from power generation, and higher investment in infrastructure division. As per article published by Gulf Oil Lubricant, there is 55% rise in Q3 net profit.and35 % growth in terms of volumes for motorcycle engine oil. As there is demand of gulf oil lubricant, it will increase demand of lubricant market in future.

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Global lubricants market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Market Analysis:

The Global Lubricants Market is expected to reach USD 190.94 billion by 2025, from USD 159.18 million in 2017, growing at a CAGR of 2.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Some of the major players operating in the global lubricants market are

• Royal Dutch Shell Plc.,
• Exxon Mobil Corporation,
• PetroChina Company Limited,
• China Petrochemical Corporation,
• Total,
• LUKOIL,
• BP p.l.c.,
• Chevron Corporation.,
• Idemitsu Kosan Co., Ltd..
• Aqua, among others

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Major Market Drivers and Restraints:

• Growing automotive industry in Asia-pacific.
• Increased in massive industrial growth in Asia-pacific and Africa
• Increased consumer awareness coupled with stringent government regulations.
• High price of synthetic and bio-based lubricants
• Increasing popularity of hybrid electric vehicles expected to lead to decline in demand for lubricants.

Market Segmentation:

Based on type
• mineral oil,
• synthetic lubricants,
• bio-based, and greases.

On the basis of application
• transportation,
• industrial machinery
• equipment and others.

Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

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