openPR Logo
Press release

Global Industrial Lubricants Market

The publication is titled, “Global Industrial Lubricants Market 2016–2020.” The market intelligence report delves into the growth trajectory of the global industrial lubricants market along with the prominent trends. It analyses the aspects that are expected to hinder or boost the growth of the market during the forecast period. The study further offers information on the key market player and their shares, strategies, and product portfolio.

According to the report, the global market for industrial lubricants is projected to expand at 3% CAGE from 2016 to 2020. The growth of the market can be attributed to the increase in process automation across the globe. With the incessantly growing population and globalization, the demand for high quality products is increasing extensively. As a result of this, manufacturers across the globe are focusing on automating their production facilities. This is expected to aid in the improvement of the efficiency of the processes and help in increasing productivity to achieve better results. The increasing productivity is bound to increase the run time of machinery, thus resulting in a high demand for industrial lubricants in order to prevent failure of the equipment. However, a weak global economic outlook is anticipated to hinder the progress of the industry.

For Sample Copy, click here:

Over the coming years, the introduction of bio-based lubricants is expected to be a major trend and gain traction successively. Companies are focusing on the production of bio-based lubricants using sources such as vegetable to address issues related to the negative impact of petroleum lubricants on the environment. Based on product, the global industrial lubricants market has been segmented into synthetic oil lubricants, bio-based oil lubricants, and mineral oil lubricants. In 2015, mineral oil lubricants led the product segment by accounting the leading share. These lubricants are basically derivatives of crude oil and are employed in several manufacturing industries such as textile, paper, and rubber industries as processing oils and engine oils. Mineral oil lubricants are inexpensive in nature in comparison to bio-based and synthetic oils and thus this will boost the demand for it across the globe over the coming years.

Geographically, the global industrial lubricants market has been classified into Europe, the Middle East and Africa, Asia Pacific, and the Americas. Among these, the market for industrial lubricants in Asia Pacific is expected to emerge dominant over the coming years owing to the easy availability of raw materials and inexpensive labor in the region. The competition among the players in the market is intense due to constant price wars. Some of the chief companies in the market are SK Lubricants, Sinopec, PetroChina, Petrobras, Chevron, CITGO, Total, Shell, ExxonMobil, Castrol, and BP.

To order report Call Toll Free: 866-997-4948 or send an email on supports your business intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market data sheets in its repository. Our document database is updated by the hour, which means that you always have access to fresh data spanning over 300 industries and their sub-segments.

State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

Toll Free: 866-997-4948

Tel: +1-518-621-2074

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Industrial Lubricants Market here

News-ID: 402818 • Views: 472

More Releases for Asia

Asia IVD Market
According to a new report published by Allied Market Research, the Asia Pacific In-vitro diagnostics market was valued at $12.9 billion in 2015, and is expected to reach $19.0 billion registering a CAGR of 5.6% during 2016 to 2022. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario. Download Free Sample Report @ The Asia-Pacific IVD market is
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According