Press release
Industrial Lubricants Market 2016: BP, Castrol, ExxonMobil.
Industrial Lubricants
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About Industrial Lubricants
Lubricants 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.
BMR’s 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.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
BMR’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.
Key vendors
• BP
• Castrol
• ExxonMobil
• Shell
• Total
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