Latest Update: Lubricants Market With COVID-19 Impact Analysis, Business Opportunities and Future Outlook 2023 Alcon (Novartis AG), Alltion (Wuzhou) Co., Ltd., ARI Medical Technology Co., Ltd

Global Lubricants Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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The global lubricants market is expected to register a CAGR of 2.19% during the forecast period, 2018 to 2023.

Asia-pacific is the major consumer of lubricants across the globe holding a global share of almost 45%. It is also likely to expand at a faster CAGR during the forecast period 2018-2023. This is due to the presence of largest manufacturing base in Asia-Pacific coupled with shift of manufacturing activities from the United States.

Market By Top Companies:

Alcon (Novartis AG), Alltion (Wuzhou) Co., Ltd., ARI Medical Technology Co., Ltd., Haag-Streit Surgical GmbH, Leica Microsystems (Danaher), Olympus Corporation, Seiler Instrument Inc., Takagi Seiko Co. Ltd, Topcon, Zeiss International

Industry Research Coverage

RISING AUTOMOTIVE PRODUCTION GROWTH IN ASIA-PACIFIC AND EUROPE

Lubricants are primarily used by OEMs during the production of automobiles. These are also used extensively in the automotive refinish and aftermarket. With rising consumer spending and growing population in Asia-Pacific, the global automotive production has been increasing constantly. According to ACEA (European Automobile Manufacturers Association), the global production of motor vehicles was about 96.1 million units in 2016. Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production, with year-on-year growth rates of 7.6% and 2.5% respectively for 2015-16.

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Notable Developments in the Market:

Jul 2017: ExxonMobil Corporation entered an agreement with GE, for the supply of lubricants for GEs Jenbacher gas engines

Jul 2017: Chevron Corporation divested its majority stake in Chevron Oil Nigeria PLC, to another Nigerian indigenous downstream player, MRS Group.

Major points covered in this research are:-

-Lubricants Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers

-Global Market Size (Value) of Lubricants (2020-2023)

-Global Lubricants Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)

-Global Lubricants Production, Revenue (Value), Price Trend by Type

-Global Lubricants Market Analysis by Application

-Global Lubricants Manufacturers Profiles/Analysis

-Lubricants Manufacturing Cost Analysis

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Global Lubricants Market Forecast (2020-2023)

-Competitive Landscape

-Research Findings and Conclusion

Finally, this Lubricants report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Lubricants product development and gives an outline of the potential Global market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.