openPR Logo
Press release

Market Research Report Countries, Growth Rate, Latest Trends, Future Technologies Forecast to 2023

07-29-2019 12:53 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future - MRFR

/ PR Agency: Market Research Future - MRFR
Global Construction Lubricants Market

Global Construction Lubricants Market

Rising Construction Activities Boosting the Demand for Construction Lubricants

Rising construction and mining activities worldwide is generating substantial market opportunities of construction lubricant. Market Research Future (MRFR) reports that the global construction lubricants market is set to demonstrate a compound annual growth rate (CAGR) of 4% during the forecast period (2019-2024). In 2018, the market stood at a valuation of USD 13 Mn.

Get Free Sample Request @

Given the rapid expansion of the equipment fleets, demand for lubricants will continue to rise for the medium if not beyond. A variety of lubricant is available, of which categories such as engine oil, hydraulic oil and gear oil witness strong demand. The growth of the global construction sector is also proving the tailwinds to the global construction lubricants market.

The arrival of synthetic lubricant is also expected to provide an impetus to the market in the forthcoming years. Inclination towards synthetic oils is being prompted by elements such as reduced cost, environmental viability and superior performance.

Segmental Overview:
MRFR’s report includes a thorough segmental analysis of the global construction lubricants market base on type, oil, application and region.
On the basis of type, the market has been segmented into automatic transmission fluid, grease, hydraulic oil, compressor oil, gear oil, engine oil and others.

On the basis of oil, the market has been segmented into bio-based oil, synthetic oil and mineral oil.
On the basis of application, the market has been segmented into heavy construction vehicles, material handling equipment, earthmoving equipment and others.

Global Construction Lubricants Market: Regional Segmentation
Regions that are discussed in MRFR’s report include Europe, Asia-Pacific (APAC), North America, Latin America (LatAm) and the Middle East & Africa (MEA). APAC represents the brightest market for construction lubricants. In 2017, the region accounted for the highest share of the market and the trend is likely to continue throughout the forecast period. Increased investment in urban infrastructural development in various APAC countries such as China, India and ASEAN members. The accelerated demand for construction equipment has created unique market opportunities for construction lubricant in the region.

North America due to the presence of advanced countries such the U.S. and Canada is viewed as a key market for construction lubricants. The vast end-use sector in the region will remain an intriguing prospect for market players. Industrial activities such as mining, and construction are at rife in North America, as a result, demand for construction lubricant remains high.

Market growth is expected to remain substantial in the Middle East & Africa (MEA) owing rapidly growing construction activities in CGG countries. Billions of dollars are being pumped in for urban infrastructure development in the report. There is a proposed plan of investment of USD 2,700 billion across the GCC nations by 2023. Such factors are expected to translate into attractive market opportunities in the forthcoming years.

Competitive Landscape:
Some of the leading companies operating in the global construction lubricant market include Fuchs Petrolub SE (Germany), Lucas Oil Products, Amsoil Inc (US), Clariant (Switzerland), Calumet Specialty Products Partners, L.P (US), BP PLC (UK), Royal Dutch Shell PLC (Netherlands), Lukoil (Russia), Yushiro Chemical Industry (Japan), Rock Valley Oil and Chemical Co (US), Gulf Oil India (India), Phillips 66 Company (US), Indian Oil Corporation Limited (India), Valvoline Inc (US), Petronas (Malaysia), PetroChina Company Ltd (China), Quaker Chemical Corporation (US), Morris Lubricants (UK), Chevron Corporation (US), Total S.A. (France), Sinopec Corporation (China) and Exxon Mobil Corporation (US).

Industry News Update:
• The lubricant division of UAE based energy company Enoc Group has reportedly signed a three-year supply agreement with Al-Futtaim Auto & Machinery Company (Famco) with MoU to make Eppco lubricants the exclusive supplier of coolants, lubricants and greases to the company for its UAE operations.
• Japanese based oil refining company Idemitsu Kosan Co is reportedly planning to expand it lubricant manufacturing capacity in China by building a second plant. This move will allow the company to meet the rising demand for industrial and automotive oils.

Access Full Report @

Market Research Future
Phone No.: +1 646 845 9312

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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 Market Research Report Countries, Growth Rate, Latest Trends, Future Technologies Forecast to 2023 here

News-ID: 1813510 • Views: 218

More Releases from Market Research Future - MRFR

Portable Data Storage Market Report Perceives A Fabulous Growth Prospects; Unlea …
Portable Data Storage Market The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Portable Data Storage Market. The growth sectors of the Portable Data Storage Market are identified with precision for a better growth perspective. Portable data storage devices stores digital information which can be accessed on a later date. The global portable data storage market is expected
Industry 4.0 Market 2020 Global Leaders Analysis: Daimler AG, Siemens AG, TRUMPF …
Market Research Future published a research report on “Industry 4.0 Market Research Report - Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022. Industry 4.0 Global Market - Overview The data experts from Market Research Future (MRFR), the global industry 4.0 market is slated to generate lucrative levels of revenue, expanding at an incredible CAGR during the forecast period. Growth Drivers and Key Challenges Industry 4.0 results in the
High Temperature Coatings Market Analysis, Key Growth Drivers, Challenges, Leadi …
Market Research Future Published a Half-Cooked Research “Global High temperature coatings Market Research Report- Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023. AkzoNobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries Inc. (U.S.), The Valspar Corporation (U.S.), Axalta Coating Systems (U.S.), Jotun (Norway), Aremco (U.S.), Carboline (U.S.), Hempel (Denmark), Belzona International Ltd. (U.K.), Whit ford (U.S), and Weilburger Coatings GmbH (Germany), among others
Low GWP Refrigerants Market 2019: With Top Key Player and Countries Data: Trends …
Market Research Future has published a half-cooked research report on the Global Low GWP Refrigerants Market. Market Overview The global low GWP refrigerants was valued at USD 17.2 Billion in 2018 growing with the CAGR of 11.12% during the forecast period. The market is driven by limited environmental impact of low GWP refrigerants coupled with increasing demand for air conditioners and refrigeration. Global low (GWP) refrigerants are essential fluid for absorbing heat.

All 5 Releases

More Releases for Construction

How to get an official quotation from Akpo Oyegwa Refrigeration Company? For clarification kindly visit the official website as various sizes of cold rooms have been published with the costs included. As soon as you have made your final decision about the exact size of cold room you need then you can proceed further by filling the quotation request form online and an official quotation will be sent to you via e-mail.
Global Construction Chemicals Market
The driving factor for the Construction Chemicals Market are due to Rising strong demand for construction chemicals, including concrete and cement admixtures, waterproofing chemicals, rise in growth of emerging economies and governments are investing heavily in infrastructure and housing development will be factor of growth in construction chemical market. Lack of awareness and high investment in the product will be the restrains for Construction Chemicals Market. Global Construction Chemicals Market Global Construction
Dam Monitoring During Construction
Intelligent Geo Data Logger Reads Vibrating Wire Sensors A hydroelectric dam under construction in Serbia required monitoring of several environmental and structural properties to guarantee long-term strength and stability. Therefore the dam’s construction engineers put forth a proposal for a large number of geotechnical sensors to be installed and used during construction. These sensors included vibrating wire piezometers, joint meters, fill extensometers, and strain gages. Each sensor needed to interface with
Commercial Construction in Indonesia
Commercial Construction in Indonesia Overview "Commercial Construction Market in Indonesia: Market Size, Growth and Forecast Analytics to 2021" contains historic and forecast market data for the commercial construction market in Indonesia, with a detailed breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition) and by cost type( construction materials, construction equipment and construction services). This report also contains overall values of the commercial construction segments such as
Global Construction Outlook 2022
The Construction Intelligence Center (CIC) has revised upwards its forecast for growth in the global construction industry. In line with improved performance in some major markets and a brighter outlook for the global economy, the CIC now expects the pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018-2022), compared with 3.6% in the December 2017 forecast update. In real value terms
Airhart Construction Grand Opens
Airhart Construction is preparing to unveil a new fully furnished Farmington model on Saturday, October 22 at Fisher Farm, its low-maintenance community of 71 semi-custom single-family homes in Winfield. The debut of the new model—featuring Airhart Construction’s most in-demand floorplan—is good news for buyers who desire a customizable design, open layout, and plentiful standard amenities, said Christy Whelan, director of sales for Airhart Construction. “Even more exciting news is,” Whelan added, “is