Press release
Construction Lubricants Sales Is Likely To Be Valued At US$ 19.38 Billion In By 2032
The potential, resources, and capacities of market actors for construction lubricants have been highlighted by Fact.MR researchers. Another interesting area of inquiry is the distribution of Construction Lubricants-related goods and services among various businesses. In FY 2022, the market for construction lubricants will likely be worth US$ 19.38 billion, up from US$ 18.62 billion in FY 2021. The industry saw a 4% year-over-year growth over the previous 12 months.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:-https://www.factmr.com/connectus/sample?flag=S&rep_id=3472?PJ
Key Segments Covered
โข Construction Lubricants by Application :
โข Engine Oil
โข Gear Oil
โข Automatic Transmission Oil
โข Greases
โข Brake Fluid
โข Hydraulic Fluid
โข Construction Lubricants by Base Oil :
โข Mineral Oil-based Construction Lubricants
โข Synthetic Oil-based Construction Lubricants
โข Construction Lubricants by Sales Channel :
โข Automotive Dealers
โข Independent Garages & Service Stations
โข Retailers/Automotive Part Stores
โข Construction Lubricants by Formulation Type :
โข Conventional Construction Lubricants
โข Bio-based Construction Lubricants
โข Construction Lubricants by Equipment Type :
โข Excavators
โข Backhoe
โข Bulldozers
โข Loaders
โข Graders
โข Articulated Hauler
โข Soil Compactor
โข Cranes
โข Rigid Dump Trucks
โข Others
The Construction Lubricants Report looks closely at each market participant's corporate strategy, including mergers, the introduction of new products, joint ventures, and partnerships.
The current COVID-19 epidemic has had a negative impact on the whole Construction Lubricants business.
Production has been delayed significantly as a result of the temporary suspension of industrial operations in all of the major manufacturing centres. COVID-19 also has an effect on consumer demand and purchasing power. Given the length of the proposed suspension, it is exceedingly difficult to forecast when and how the market for construction lubricants will reopen. The Cov-19 is anticipated to have a substantial impact on the study of Construction Lubricants.
Key Companies Profiled
โข BP Plc.
โข Indian Oil Corporation,
โข TOTAL S.A.
โข Balmer Lawrie & Co. Ltd.
โข PetroChina Company Limited
โข Berg Chilling Systems Inc.
โข Chevron Corporation
โข Eni S.p.A.
Competitive Landscape
Prominent Construction Lubricants providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
โข In December 2021, Aker BP announced its proposed acquisition of the oil and gas business of Lundin Energy, through a statutory merger. This combination would create the largest exploration and production company focused exclusively on the Norwegian Continental Shelf.
โข In April 2022, Indian Oil Corporation announced to invest nearly Rs 840 crores in expanding its Petroleum, Oil, and Lubricant (POL) storage capacities, including setting up a Greenfield facility, in the Northeast.
The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA.
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง:https://www.factmr.com/connectus/sample?flag=RC&rep_id=3472?PJ
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