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Lubricants Market Trends - Industry Share, Size Report 2024 | ExxonMobil, Shell, BP, Total, Chevron, Fuchs Lubricants Co., Phillips 66, Valvoline Inc., Castrol, Sinopec, LUKOIL, Petrobras, Petronas, Quaker Chemical Corporation, PetroChina
Lubricants Market
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Industrial application accounted for over 35% of global lubricants market volume share in 2014 and should witness significant growth over forecast period. Growing demand for industrial products along with capacity expansion in various industry including machinery, mining and metal forming will propel lubricants market share over forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ExxonMobil
2. Shell
3. BP
4. Total
5. Chevron
6. Fuchs Lubricants Co.
7. Pennzoil
8. Amsoil Inc.
9. Phillips 66
10. Valvoline Inc.
11. Castrol
12. PetroChina
13. Sinopec
14. Idemitsu Oil & Gas Co. Ltd.
15. LUKOIL
16. JX Nippon Oil & Energy Europe
17. Petrobras
18. Petronas
19. Quaker Chemical Corporation
20. Petrofer Chemie H.R. Fischer GmbH + Co. KG
21. Zeller+Gmelin Corporation
22. BUHMWOO CHEMICAL Co., Ltd.
23. Blaser Swisslube
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Asia Pacific may witness considerable growth over forecast timeframe owing to increasing infrastructure demand from developing countries coupled with rapid expansion of automotive industry. China lubricants market size was valued over USD 6 billion in 2014 on account of increasing power plant installation. Increasing automobile sales with declining sale tax may further stimulate the business growth.
U.S. lubricants market size for 2014 was valued over 6 million. Aging infrastructure will propel the regional growth from 2015 to 2022. According to American Society of Civil Engineers, the infrastructure replacement and maintenance will cost over USD 3.3 trillion by 2020.
Global Lubricants Market by Application
• Industrial
o Process oils
o General industrial oils
o Metal working fluids
o Industrial engine oils
• Automotive
o Heavy-duty engine oils
o Hydraulic & transmission fluids
o Gear oil
o Grease
Browse key industry insights spread across 235 pages with 130 market data tables & 15 figures & charts from the report, “Lubricants Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lubricants-market
The key players include are Chevron, Shell, Sinopec, Castrol, BP, PetroChina, ExxonMobil, Nippon Oil whereas, ExxonMobil, BP, Shell and Chevron contributed over 40% of global lubricants market share in 2015. Majority industry players are tied up with upstream companies to ensure uninterrupted supply of feedstock.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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