Press release
Lubricants Market Outlook to 2027 - AMSOIL, Chevron, Exxon Mobil, FUCHS, Idemitsu Kosan, Lukoil, Petrobras, Phillips 66 Lubricants, Royal Dutch Shell and Valvoline
MARKET INTRODUCTIONLubricants are used to control or reduce friction between two bodies in relative motion to prevent heat generation and wear of surfaces in contact. In industries, lubricants improve the efficiency of machine by eliminating any residues collected on mechanical parts and by increasing their shelf-life of the mechanical parts. Lubricants possess thermal stability, high viscosity index, low freezing point and corrosion-prevention properties.
MARKET DYNAMICS
The lubricants market is anticipated to grow in the forecast period owing to increasing automotive industry and massive industrial growth in Asia-Pacific. Lubricating oils are being increasingly used across several industrial applications as well in areas such as air compressors, auxiliary equipment, bearings, food machinery, gas engines, hydraulics, heat transfer systems, paper machines, turbines, metalworking, and natural gas compressors which further propel the growth of the lubricants market. The industrial growth in the Middle East & Africa is likely to showcase opportunities for the untapped markets. However, the high price of synthetic and bio-based lubricants may restrict the growth of the market over the projected period.
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MARKET SCOPE
The "Global Lubricants Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of lubricants market with detailed market segmentation by group, base-stock, product type, end user industry and geography. The global Lubricants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Lubricants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lubricants market is segmented on the basis of group, base-stock, product type, and end user industry. Based group, the market is segmented as Group I, Group II, Group III, Group IV, and Group V. On the basis of base-stock, the market is segmented as bio-based lubricants, mineral oil lubricants, synthetic lubricants, and semi-synthetic lubricants. By product type, the market is segmented as engine oil, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oil, greases, process oils, and others. The market on the basis of the end user industry is classified into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metal working, chemical manufacturing, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global lubricants market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Lubricants market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Lubricants market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the lubricants market in these regions.
MARKET PLAYERS
The reports cover key developments in the Lubricants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Lubricants market are anticipated to lucrative growth opportunities in the future with the rising demand for Lubricants in the global market. Below mentioned is the list of few companies engaged in the Lubricants market.
The report also includes the profiles of key Lubricants companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
AMSOIL INC
Chevron Corporation
Exxon Mobil Corporation
FUCHS
Idemitsu Kosan Co Ltd
Lukoil
Petrobras
Phillips 66 Lubricants
Royal Dutch Shell
Valvoline LLC
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Lubricants Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Lubricants Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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