Lubricant Market Updates 2024-2031 | New Product Launches & Trends - Most Leading Companies - Grauer & Weil (India) Limited, Mosil Lubricants, Anand Engineers Pvt. Ltd., APAR Lubricants

Global Lubricant Market reached USD 161.1 billion in 2022 and is expected to reach USD 196.9 billion by 2031, growing with a CAGR of 2.6% during the forecast period 2024-2031.

Lubricants Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Lubricants are substances typically in the form of oils, greases, or fluids-used to reduce friction, wear, and heat between moving surfaces in mechanical systems. They form a protective film that allows smooth motion, minimizes damage, and extends the lifespan of machinery and engines. Lubricants can also help with cooling, cleaning, sealing, and protecting against corrosion.

List of the Key Players in the Lubricants Market:

Grauer & Weil (India) Limited, Mosil Lubricants, Anand Engineers Pvt. Ltd., APAR Lubricants, Exxon Mobil Corporation., Arabian Petroleum Ltd., JAX Incorporated, Manak Petro Chem (India)., Castrol, Total Engines, Phillips 66, and NANDAN PETROCHEM LTD.

Key Developments:

Goodyear Lubricants Launches BS-6 Compliant Range in India

January 4, 2023 - Goodyear Lubricants has unveiled a new line of BS-6 compliant vehicle lubricants, manufactured in Haryana, India. The product range is set for distribution across South Asia, Southeast Asia, and New Zealand.

HPCL Expands Lubricants Business to Qatar, Strengthening Bilateral Ties

March 5, 2023 - Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas refining company, has launched its range of lubricant products in Qatar. This move reflects the growing trade and commercial relationship between India and Qatar.

Neste Launches Sustainable Lubricants with Renewable and Re-refined Base Oils

February 27, 2023 - Neste is introducing a new line of environmentally friendly lubricants under the Neste ReNewTM brand in Finland, Sweden, the Baltic countries, and Poland. Scheduled for launch in Q1 2023, the lubricants are formulated using renewable or re-refined base oils combined with high-performance additives.

Research Process:

Both primary and secondary data sources have been used in the global Lubricants Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Lubricants Market:

By Base Stock: Bio-Based Lubricants, Mineral Oil Lubricants, Synthetic Lubricants, Semi-synthetic Lubricants

By Group; Group I, Group II, Group III, Group IV, Group V

By Product Type; Engine Oil, General Industrial Oils, Gear Oil, Greases, Metalworking Fluids, Process Oils, Transmission & Hydraulic Fluids, Others

By End-User Industry: Automotive and Transportation, Chemical Manufacturing, Food & Beverage, Heavy Equipment, Metallurgy and Metalworking, Power Generation, Others (Packaging, Oil & Gas (Drilling Fluids)

Regional Analysis for Lubricants Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Lubricants market?

➠ Who are the leading manufacturers in the global Lubricants industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Lubricants industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Lubricants market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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