openPR Logo
Press release

Industrial Lubricants Market forecast 2017-2025 : Shell, Total, Chevron Corporation, ExxonMobil, and BP

10-12-2018 10:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Industrial Lubricants Market forecast 2017-2025 : Shell,

Global Industrial Lubricants Market: Snapshot

The global industrial lubricants market is prognosticated to gather demand from soaring trend of increase in manufacturing activities in Asia Pacific which creates a requirement of lubricating oils in metal foundry, power generation, textiles, automotive, chemicals, and other industries. Rising significance of machinery maintenance in improving efficiency and reducing operational downtime could play a telling role in surging the demand for industrial lubricants. Rising awareness among businesses in the aforementioned industries is expected to complement this trend in the coming years.

Product innovation is another trend observed in the global industrial lubricants market where use of different additives could be on the rise to enhance sustainability and lifecycle of lubricating oils. A company’s focus on current products, future tactics, and development activities in the market could be influenced by changing specifications related to emissions, lubricant function, and feedstock usage. Product offerings and research and development processes of a lubricant manufacturer could be shaped by the crucial part industry regulations play.

A more sustainable ecosystem is said to be adopted by the global industrial lubricants market over the past few years. In this regard, companies are observed to reduce wastage and byproducts by improving their overall production, comply with ecolabel norms, and actively develop bio-based feedstock routes. Substantial initiatives taken by players are projected to become prominent across North America and Europe. Here, manufacturers could possess technological know-how and financial capital to take their initiatives forward.

Production landscape of the global industrial lubricants market could be shifted toward Asia Pacific as developing economies in the region turn into neo-manufacturing hubs for chemicals, textiles, automobiles, electronics, and consumer goods. With Southeast Asia, India, and China touted as larger growth contributors, consumption trends in the region could be shaped by the market’s positive economic outlook.

Request Sample Copy of the Report @

www.tmrresearch.com/sample/sample?flag=B&rep_id=3239

Global Industrial Lubricants Market: Overview

Lubricants play an important role in ensuring the efficient working of industrial machineries by reducing friction between machine parts that are mutually connected to each other. In a vast variety of industrial applications that require the usage of massive machines, lubricants help reduce wear and tear of machine components operating at high speeds, lower down the amount of heat that is generally generated, and avoid losses. Lubricants also play a crucial role in preventing accidents that are caused by leaks and spills and help increase productivity.

While witnessing expansion at a steady pace across the globe in the recent years, the market has gone through a significant phase of transformation owing to changing consumer preferences and increased inclination of the industrial sector towards bio-based products owing to stringent regulations. Thus the market has witnessed an increased focus of leading vendors towards research and development activities in the recent years. The trend is expected to remain strong in the next few years as well.

Global Industrial Lubricants Market: Trends and Opportunities

The global industrial lubricants market is estimated to expand at a steady pace in the next few years. Key factors working in favor of the market include the massive rise in industrialization, especially across emerging economies, rising demand for automation and integration of advanced machineries in the industrial sector, and the reducing costs of crude oil and derivatives. However, stringent environment-related regulations are posing a threat to the market for conventional oil-based and synthetic lubricants. Nevertheless, the scenario could prove to be beneficial for companies who have already started investing in the field of bio-based and eco-friendly products.

Request TOC of the Report @

www.tmrresearch.com/sample/sample?flag=T&rep_id=3239

Global Industrial Lubricants Market: Segmentation

For providing a much thorough account of the global industrial lubricants market, the report segments the market based on criteria such as end-use industry, applications, type of source, and geography.

Key end-use industries for the industrial lubricants market covered in the report include oil and gas, manufacturing, food, power generation, and automotive. Of these, the automotive industry, like present times, is likely to remain the leading consumer of industrial lubricants in the next few years. The thriving expansion of the industry across emerging economies and its steady recovery in developed economies have reinstated it as a mammoth force driving a number of associated industries and markets, which also includes the industrial lubricants market. With analysts predicting a healthy future for the automotive industry in the near future, the demand for lubricants, associated with the automotive sector, is also expected to be influences positively.

Based on application, the market has been segmented into hydraulic lubricants, gear lubricants, and compressor lubricants. Based on the type of source, the market has been examined for synthetic oil, bio-based oil, and mineral oil. Presently, the market witnesses the dominance of the mineral oil segment owing to the mechanical superiority of lubricants manufactured from mineral oils. However, the market for lubricants made from bio-based sources is expected to see expansion at a massive pace, thanks to stringent regulations forcing industries to switch to eco-friendly lubricants.

Global Industrial Lubricants Market: Geographical and Competitive Dynamics

From a geographical standpoint, the report examines the industrial lubricants market for region such as Europe, Asia Pacific, Middle East and Africa, Latin America, and North America. The global market presently gains a large share of its overall revenue owing to sales across the Asia Pacific region. The thriving industrial sector in emerging economies of India and China has made the region a hotspot for a number of markets associated with industrial applications in the recent years. The trend is likely to continue to drive the market for industrial lubricants in the next few years as well, allowing Asia Pacific to remain a key force in the global industrial lubricants market in the next few years as well.

Some of the leading companies operating in the highly competitive global industrial lubricants market are Shell, Total, Chevron Corporation, ExxonMobil, and BP.

Read Comprehensive Overview of Report @

www.tmrresearch.com/industrial-lubricants-market

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial Lubricants Market forecast 2017-2025 : Shell, Total, Chevron Corporation, ExxonMobil, and BP here

News-ID: 1299374 • Views: 129

More Releases from TMR Research

Process Safety System Market Overview, Segmentation, Manufacturing, Opportunitie …
Global Process Safety System Market: Snapshot The number of safeguarding measures implemented today is very high on account of the increasing concerns over safety. However, the results are still not very positive. This is especially true for the various process industries that are vulnerable to accidents. Thus, the demand for process safety systems is expected to rise in the coming years for the application of several layers of protection. Process
Satellite Manufacturing Market Overview, Trends, Leading Companies, Types, Appli …
Global Satellite Manufacturing Market: Snapshot With both developing and developed countries focusing on space missions and looking forward to enhance their communication technologies, the demand for satellite manufacturing is increasing with every passing day. The installation of satellite technology is intense in many countries as they witness high demand for advanced digital streaming of contents. The fueling demand for commercial satellites along with military satellites is likely to play a key
Steam Turbine Market Regional Outlook (North America, Latin America, Europe, Asi …
Global Steam Turbine Market: Snapshot With the assistance of blades joined to a rotor, the steam turbines change thermal energy of steam into mechanical energy. The turbine begins to turn when steam of high pressure goes through the succession of rotor blades. With the developing populace over the world, and robust urbanization in developing economies, the continuous demand for power and energy is heightening reliably, and therefore, the demand in the
Power Transmission Components Market will grow at a robust pace between 2017 and …
Global Power Transmission Components Market: Overview Advancement of several industries and robust urbanization have set off a noteworthy rush of power and energy in the last couple of years. This has raised worries about high utilization of energy and has started a discussion among countries to devise approaches to check power a use. Altogether, the two variables have brought about a colossal interest for control transmission components, which are known to

All 5 Releases


More Releases for Lubricants

Slideway Oils/Lubricants Market Trend Analysis | Lubricants NZ LTD, CONDAT , Roc …
Introduction: The smooth and efficient functioning of industrial machines has led the manufacturers to opt for preventive maintenance measures to reduce operational costs as opposed to breakdown maintenance. Slideway oils/lubricants possess properties such as adhesion, anti-wear, and anti-slip. Slideway oils/lubricants are also expected to be resistant to foaming, corrosion, rusting, and oxidation. Since slideway oils/lubricants come in direct contact with industrial, processing, and metal working fluids, they should be readily demulsified
Polyolesters Biobased Lubricants Lubricant Additives Market 2023
Global Polyolesters for Bio-based Lubricants and Lubricant Additives Market: Overview Polyolester lubricants (POE) are lubricant oils that used in a wide range of application as they can work under varying temperatures, which range anywhere between -75 F to 600 F. The remarkable adaptability of these lubricants, high solvency and dispersibility, good oxidative stability, and low volatility are expected to make a significant contribution to the soaring revenue of the global polyolesters
Slideway Oils/Lubricants Market Growth, Trend 2028 - Morris Lubricants,CONDAT
Introduction: The smooth and efficient functioning of industrial machines has led the manufacturers to opt for preventive maintenance measures to reduce operational costs as opposed to breakdown maintenance. Slideway oils/lubricants possess properties such as adhesion, anti-wear, and anti-slip. Slideway oils/lubricants are also expected to be resistant to foaming, corrosion, rusting, and oxidation. Since slideway oils/lubricants come in direct contact with industrial, processing, and metal working fluids, they should be readily demulsified
Heavy Duty Motor Oil : Lukoil, JX Holdings, Sinopec, CNPC, Gulf Oil Marine, Quep …
In this report, the global Heavy Duty Motor Oil market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Heavy Duty Motor Oil in these regions, from 2013
Die Casting Lubricants Market
Technological advancements have led to the development of highly engineered die lubricants that can be tailored to enhance the die-casting process, allowing them to gain additional efficiency. The market is expected to grow at a CAGR of 9.50% and touch USD 1.45 billion by the end of the forecast period. Die lubricants provide their effectiveness where they can be engineered to optimize wetting and spreading times, promote metal flow, quickly
Global Aviation Lubricants Market Research Report 2017- Total Lubricants, ExxonM …
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Aviation Lubricants in these regions, from 2012 to 2022 (forecast), covering North America Europe China Japan Southeast Asia India Global Aviation Lubricants market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Shell Total Lubricants ExxonMobil Chemours Eastman ... On the basis of product, this report displays the production, revenue, price, market share