openPR Logo
Press release

What's Driving The Lubricants Market Size? | LUKOIL, ExxonMobil, Shell, BP, Total, Sinopec, Chevron, Phillips 66, Valvoline Inc., Quaker Chemical Corporation, LUKOIL, ExxonMobil, Castrol, Petrobras, Petronas, PetroChina

06-14-2019 07:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Lubricants Market

Lubricants Market

Lubricants Market share stimulated by Growing investment towards exploration and production of conventional and unconventional resources may result the oil field chemicals demand. Positive outlook towards manufacturing sector including 3D printing and medical equipment will further complement the business landscape.

Request for a sample copy of this research report @

Lubricants market demand from process oil should grow at a CAGR of 3% during forecast timeframe due to its wide application scope in chemical and technical industry, improving manufacturing process.

Increasing automotive sales should influence lubricants market industry growth positively during the foreseeable timeframe. Lubricants are used to reduce wear and tear of engines, shaft, rods and piston. The motor vehicle aftermarket is expected to show the largest share in global lubricant market.

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

Make an inquiry for purchasing this report @

Asia pacific lubricants market is anticipated to grow at the highest rate of over 11% during forecast timeframe owing to increasing demand for automobiles and machinery maintenance industry. China and India leads the race with capability expansion in mining, plastics and metal forming industry. India is a major exporter for lubricants to other nations due to its high refining capacity.

Europe led by Germany, Spain and Italy should consume over 9 million tons of lubricants by 2022. This increase in demand can be attributed to rising automotive industry and stringent environment protection acts from automotive industry should drive regional industry growth.

Growth drivers

• Growing industrialization in emerging markets
• Favorable prospects for the automotive industry

Industry pitfalls & challenges

• Bio-based lubricants demand
• Regulatory scenario

The key industry players involved in the business and contributing towards the growth, development & expansion of the global lubricants market are as follows:

• Chevron Corporation
• ExxonMobil Corporation
• Kendall
• Nippon Oil
• Idemitsu Oil & Gas Corporation Limited
• Sinopec Corporation Limited
• British Petroleum
• Pennzoil
• Petrobras
• Castrol
• Shell
• Buhmwoo Chemical India Company Limited
• Petronas
• Fuchs Group
• Amsoil Incorporation
• Quaker Chemical Corporation
• Valvoline
• Fuchs Petrolub SE/AG
• PetroChina Company Limited
• Lukoil Oil Company
• PetroFer Chemie
• Blaser Swisslube AG
• Zeller + Gmelin Corporation
• BP p.l.c
• Idemitsu Kosan Company Limited
• Royal Dutch Shell Plc
• Total S.A.

Increased investment in product development and R&D by major companies have introduced biodegradable lubricants, complying with various environmental regulations, standards and policies. Increased importance of bio-based lubricants should propel business growth in future.

Lubricant price trends depend on global crude oil price and nelson index of refinery. Nelson index defines the complexity of refinery, higher the index no greater the complexity and higher will be petrochemical production capacity. Crude oil prices are expected to rise during 2017-18 which will increase price trend for lubricants.

Lubricants Market is estimated to surpass USD 75 billion by 2022, according to new research report. Lubricants are substances which are used to reduce friction between surfaces when come to contact. It has wide application in automobile, industrial, steel, agriculture and manufacturing industry due to its anti-wear, antifoaming and anti-oxidant properties. Lubricants are invariably used as cutting fluids, oil emulsions to cool or lubricate and as catalyst for improved machine performance.

Industrial lubricants are extensively used as process oils, metal working fluids and industrial engine oils and is expected to generate USD 28 billion by 2022. It has wide application in chemical, mining and unconventional energy industry and is expected to influence demand in bearing, compressors, hydraulics and industrial engines.

Browse key industry insights from the report, “Lubricants Market” in detail along with the table of contents:

Major companies apply integration strategy to lower production cost of lubricants. Some major players following this strategy are British Petroleum, Shell, Total and Sinopec. Integration widens their operation scope and market expansion. Some other players include Chevron, HP andIndian Oil.

Browse Related Report :

Marine Lubricants Market :

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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.

This release was published on openPR.

Permanent link to this press release:

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 What's Driving The Lubricants Market Size? | LUKOIL, ExxonMobil, Shell, BP, Total, Sinopec, Chevron, Phillips 66, Valvoline Inc., Quaker Chemical Corporation, LUKOIL, ExxonMobil, Castrol, Petrobras, Petronas, PetroChina here

News-ID: 1775225 • Views: 388

More Releases from Global Market Insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases