Press release
Global Analysis of Industrial Lubricants Market Outlook, 2016 - 2022
Global Industrial Lubricants market is estimated at $56.82 billion in 2016 and is expected to reach $69.52 billion by 2022 growing at a CAGR of 3.4% from 2016 to 2022. Increasing demand for low viscosity fluids in automotive sector, growing demand for grease in industries to maintain smooth working of machineries and rising automation in diverse end-use industries are some of the key factors fueling the market. However, factors such as high cost of synthetic and bio-based lubricants, strict environmental regulations are restraining the market growth.Request a sample of Market Research Report @ http://www.orbisresearch.com/contacts/request-sample/255779
Amongst Base Oils, mineral oil segment accounted for the largest market share owing to its low cost and easy availability. In addition, synthetic oil is anticipated to acquire the highest CAGR during the forecast period owing to its advance properties. Amongst End Users, construction & mining held the largest market share due to rising construction activities especially in the residential sector in China and the rising infrastructural developments in India. Asia-Pacific commanded the largest market share which can be attributed to the growing disposable income and high growth of emerging economies in this region. In addition, vast growth in industrial production and increased trade are mainly responsible for high consumption of industrial lubricants.
Some of the key players in the market include Morris Lubricants (U.K.), Rock Valley Oil and Chemical Co. (Illinois, U.S.), Bel-Ray Company LLC. (New Jersey, U.S.), Amsoil (Wisconsin, U.S.), Bharat Petroleum (Mumbai, India), Lubrizol (Ohio, U.S.), Ultrachem Inc (U.S.), Eni S.P.A. (Italy), Peak Lubricants Pty Ltd (Australia), Penrite Oil (Melbourne, Australia), Liqui Moly (Ulm, Germany), Valvoline (U.S.), Indian Oil Corporation (India), Total S.A., Emulsichem Lubricants Pvt. Ltd. (Italy), Phillips 66 Lubricants (Texas, U.S.), Exxonmobil Corporation, Chevron Corporation, Lukoil, Petrochina Company Limited, Fuchs Petrolub AG, Idemitsu Kosan Co. Ltd and Sinopec Limited .
Types Covered:
Metalworking Fluid
Treating Metalworking Fluid
Protecting Metalworking Fluid
Removal Metalworking Fluid
Forming Metalworking Fluid
Hydraulic Oil
Fire Resistant Hydraulic Oil
Hlp Hydraulic Oil
Hlp-D Hydraulic Oil
Hl Hydraulic Oil
Gear Oil
Compounded Gear Oil
Extreme Pressure Gear Oil
Rust & Corrosion Inhibited Gear Oil
Turbine Oil
Grease
Inorganic Thickener
Metallic Soap Thickener
Non-Soap Thickener
Other Thickeners
Compressor Oil
Processing lubricants
Other Types
Refrigeration Oil
Transformer Oil
Textile Machinery Lubricants
End-Users Covered:
Power Generation
Metal Production
Primary Ferrous Products
Primary Non-Ferrous Products
Transport Equipment
Food Processing
Bakery
Dairy
Food and Beverage
Sugar
Meat Poultry & Seafood
Others
Pharmaceuticals & Cosmetics
General Manufacturing
Automotive
Marine
Textile
Chemical
Oil & Gas
Other General Manufacturing
Construction & Mining
Other End Users
Base Oil Covered:
Synthetic Oil
Esters
Poly-alpha-olefin (PAO)
Polyalkylene Glycol (PAG)
Group III (Hydrocracking)
Bio-Based Oil
Mineral Oil
Browse Full Market Research Report@ http://www.orbisresearch.com/reports/index/industrial-lubricants-global-market-outlook-2016-2022
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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