Press release
Lubricants Market In-Depth Analysis on Current Progresses, Revenue and Top Manufacturers like: Exxonmobil Corporation, Idemitsu Kosan Co. Ltd, Sinopec Limited, Royal Dutch Shell PLC., Chevron Corporation, BP PLC., Amsoil Inc. during 2018 - 2026
Lubricants Market
The growing manufacturing industry, rapid industrialization, and modernization of industrial machinery drive the growth of Lubricants Market. Other driving factors include growing automotive production, rising applications in mining industries, and increasing government initiatives to support industrial growth. However, high prices of bio-based and synthetic lubricants are expected to hamper market growth. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.
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The different applications of lubricants include industrial, automotive, and others. In 2017, the automotive segment accounted for the highest Lubricants Market share. The increasing demand of lubricants from automotive, marine, and aviation sectors has increased significantly over the years. The growth in automotive industry, especially in Asia-Pacific coupled with growing disposable income and improving living standards support the growth of lubricants in automotive sector.
Top Key Players in Lubricants Market: -
Exxonmobil Corporation
Idemitsu Kosan Co. Ltd
Sinopec Limited
Royal Dutch Shell PLC.
Chevron Corporation
BP PLC.
Amsoil Inc.
Nippon Oil
Quaker Chemical Corporation
Fuchs Petrolub AG
Total S.A.
Asia-Pacific is expected to be the leading contributor to the Lubricants Market revenue during the forecast period. The increasing growth of automation in manufacturing industries in the region coupled with high disposable income drives the market growth in the region. The rapid industrialization in China, Japan, and India, along with significant growth in transportation, construction, and mining industries would support market growth during the forecast period. The rising trend of bio-based lubricants, and increasing environmental concerns are expected to provide growth opportunities in the coming years.
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The demand for Lubricants Market from the industrial sector has increased over the years. The increasing need for automation and strong growth in industries support the adoption of lubricants. In the industrial sector lubricants are used for various applications such as air compressors, transformers, heat transfer systems, auxiliary equipment, metal working, and natural gas compressors among others. Lubricants are also used in wind turbines, refrigeration, paper machines, quenching, and bearings.
TOC of Lubricants Market:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Market Insights
Chapter 4. Lubricants Market Size and Forecast
Chapter 5. Dynamics and Segmentation
Chapter 6. Detailed Insight on Company Profiles
Chapter 7. Research Methodology and Reference
Chapter 8. Competitive Landscape
TOC Continuedโฆ...!!!
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