Global Lubricants Market Projected to Grow at a CAGR of 2.0% to 2.4% from 2018-2023 - Axiom MRC

Axiom Market Research & Consulting added a “Global Lubricants Market Research Report- By Type, Application & By Geography - Market trends, Market share, Industry Analysis and Forecast Upto 2023”.

Global Lubricants Market is mainly segmented on the basis of Type, Application and by Region/Country. By Type, the lubricants market is segmented into Industrial Lubricants which include Process Oils, Metal Working Fluids, Commercial Automotive Lubricants are Hydraulic & Transmission Fluid and Consumer Automotive Lubricants. On the basis of Application, the market is segmented into Automotive, Industrial, Marine and Others. The report covers all the regions such as Americas, Europe, Asia-Pacific and Middle East & Africa.

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The global lubricants market accounted for approximately 37.50 million tons in 2016 and is projected to grow at a CAGR of 2.0% to 2.4% from 2018-2023.The report includes market size estimation for the regions such as Americas, Europe, Asia-Pacific and Middle East & Africa. Some of the world’s major integrated oil and gas companies are operating in this market, which account for major market share in the global lubricants market. List of companies active in this market are: ExxonMobil Corporation, BP Plc, Chevron Corporation, Royal Dutch Shell Plc., Sinopec Limited, Petrochina Lubricant Company, Total S.A., BASF SE, FUCHS Lubricants and Lukoil Oil Company.

The report includes market size estimation and forecast in terms of revenue (USD Million) and volume (million tons) from 2017 to 2023. Other companies of the lubricant industry are also considered for the competitive landscape of the market in the report like Amsoil Inc., Blaser Swisslube AG, British Petroleum, Buhmwoo Chemical Ind. Co., Ltd., Castrol, Idemitsu Oil & Gas Co. Ltd., Kendall (Phillips 66), Lukoil Oil Company., Nippon Oil, Pennzoil, PetroChina, PetroFer Chemie, Petrobras, Petronas, Quaker Chemical Corporation, Valvoline, Zeller+Gmelin Corporation etc.

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This release was published on openPR.