Press release
Global Industrial Lubricants play a vital role in sectors such as automotive, manufacturing, aviation, and marine
Industrial Lubricants
Lubricants play a vital role in sectors such as automotive, manufacturing, aviation, and marine. They are used in both new and old machines and equipment to reduce friction, which increases with time because of wear and tear of surfaces. Manufacturers are focusing on methods to improve efficiency and effectiveness of lubricants as it will reduce the maintenance cost of machines and equipment and increase their lifespan.
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On the basis of base oil, mineral oil is the largest segment of the industrial lubricants market. This is majorly attributed to its easy availability and low cost. However, the synthetic oil expected to register the highest CAGR during the forecast period mainly due to its advance properties.
Asia-Pacific is the largest as well as fastest-growing market for industrial lubricants. The high growth of the emerging economies and the increasing disposable income in the region make Asia-Pacific an attractive market for industrial lubricant manufacturers. The tremendous growth of industrial production, and increased trade, are primarily responsible for the high consumption of industrial lubricants.
Over the next five years, we projects that Industrial Lubricants will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Lubricants market by product type, application, key manufacturers and key regions.
To calculate the market size, we considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Hydraulic oil
Metalworking fluid
Gear Oil
Compressor oil
Grease
Turbine Oil
Others
Segmentation by application:
Construction & Mining
Metal Production
Cement Production
Power Generation
General Manufacturing
Food Processing
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
BP
Castrol
ExxonMobil
Shell
Total
Apar Industries
Chevron
CITGO
Columbia Petro Chem
Fuchs Lubricants
Gazprom
Idemitsu Kosan
LIQUI MOLY
Lubrizol
LUKOIL
Pertamina
Petrobras
PetroChina
Sinopec
SK Lubricants
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Industrial Lubricants consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Industrial Lubricants market by identifying its various subsegments.
Focuses on the key global Industrial Lubricants manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Lubricants with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Lubricants submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of content
2018-2023 Global Industrial Lubricants Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Industrial Lubricants Consumption 2013-2023
2.1.2 Industrial Lubricants Consumption CAGR by Region
2.2 Industrial Lubricants Segment by Type
2.2.1 Hydraulic oil
2.2.2 Metalworking fluid
2.2.3 Gear Oil
2.2.4 Compressor oil
2.2.5 Grease
2.2.6 Turbine Oil
2.2.7 Others
2.3 Industrial Lubricants Consumption by Type
2.3.1 Global Industrial Lubricants Consumption Market Share by Type (2013-2018)
2.3.2 Global Industrial Lubricants Revenue and Market Share by Type (2013-2018)
2.3.3 Global Industrial Lubricants Sale Price by Type (2013-2018)
2.4 Industrial Lubricants Segment by Application
2.4.1 Construction & Mining
2.4.2 Metal Production
2.4.3 Cement Production
2.4.4 Power Generation
2.4.5 General Manufacturing
2.4.6 Food Processing
2.5 Industrial Lubricants Consumption by Application
2.5.1 Global Industrial Lubricants Consumption Market Share by Application (2013-2018)
The market research reports showcased on 24Market Reports, are a mode of gaining insights into emerging opportunities, new market trends, and potential threats of a market, which are key analytical elements before penetrating a new market in order to win a competitive edge over new entrants in a particular market. Reports at 24Market Reports provide the overall superficial view of market statistics, market forecasts, competitive scenario, regional segmentation, product-wise segmentation, market scope and expert recommendations for specific markets.
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