Press release
Global Industrial Lubricants Market to grow at a CAGR of 2.80% during 2016-2020
About Industrial LubricantsLubricants play a vital role in sectors such as automotive, manufacturing, aviation, and marine. They are used in both new and old machines and equipment to reduce friction, which increases with time because of wear and tear of surfaces. Manufacturers are focusing on methods to improve efficiency and effectiveness of lubricants as it will reduce the maintenance cost of machines and equipment and increase their lifespan.
Technavios analysts forecast the global industrial lubricants market to grow at a CAGR of 2.80% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial lubricants market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of industrial lubricants in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Lubricants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Download sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/893000
Key vendors
BP
Castrol
ExxonMobil
Shell
Total
Other prominent vendors
Apar Industries
Chevron
CITGO
Columbia Petro Chem
Fuchs Lubricants
Gazprom
Idemitsu Kosan
LIQUI MOLY
Lubrizol
LUKOIL
Pertamina
Petrobras
PetroChina
Sinopec
SK Lubricants
Market driver
Rise in process automation
For a full, detailed list, view our report
Market challenge
Weak global economic outlook
For a full, detailed list, view our report
Market trend
Bio-lubricants: Eco-friendly source of fuel
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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