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Global Lubricants Market 2025-Expected To Grow Due To Improved Quality Of Lubricants, And Rise In Automation In Various End-User Industries.

03-15-2018 11:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Xpodence Research

Global Lubricants Market 2025-Expected To Grow Due To Improved

Market Highlights

The global lubricants market is expected to garner maximum revenue in the forecast period. Factors such as large industrial growth in Asia-Pacific and Middle East & Africa, improved quality of lubricants, and rise in automation in various end-user industries are expected to fuel the growth of lubricants market.

Industry Overview

Lubricant is a chemical substance that can help to control or reduce friction and wear and tear of the surfaces that come in contact with the bodies in relative motion. Based upon its nature, lubricants are utilized to abolish heat and wear debris, transmit power, supply additives into the contact, and provide protection. Lubricants can be in any form such as liquid (oil, water, etc.), solid (graphite, graphene, molybdenum disulfide), or gas (air) or may be semisolid (grease) forms. Majority of the lubricants comprise of additives that help to improve their performance.

When two rough surfaces roll against each other, the severities of the surfaces come in close contact with each other and thereby result in interlock and produce friction. The aim of a lubrication approach is to distinct the rubbing surfaces with a lubricant layer, that minimizes or prevents direct contact of the bodies

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Market Key Player’s

• Fuchs Petrolub AG
• ExxonMobil Corporation
• Sinopec Limited
• Royal Dutch Shell Plc.
• Petrochina Company Limited
• L Chevron Corporation
• BP p.l.c.
• Total S.A.
• UKOIL
• Idemitsu Kosan Co. Ltd.

Market Segments

The global lubricants market can be classified based on type, application and region. On the basis of type, the global market is classified into mineral oil lubricants, synthetic lubricants, greases, and bio-based lubricants. Depending upon application, it is segmented into transportation, and industrial machinery & equipment.

Among the market segments, the mineral oil is the largest market segment of the lubricants market owing to its ease of availability and low cost. There is a high demand for industrial lubricants in the construction & mining industry owing to rising construction activities particularly in the residential sector in China and increasing infrastructural developments in India.

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Regional Analysis

Based on regions, the global lubricants market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the lubricants market during the forecast period. The Asia-Pacific region is expected to witness the swiftest growth in the lubricants market. Factors such as increased growth of the emerging economies and the rising disposable income in this region make this region an attractive market for industrial lubricant manufacturers. The fabulous growth of industrial production, and increased trade, are chiefly responsible for the large consumption rate of industrial lubricants thereby propelling the growth of lubricants market in the region.

About Us

Xpodence Research has the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organizations and also to the manufacturing companies in taking the best decisions for quality production.

Contact Us

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USA Office
244, Madison Avenue
New York City, NY - 10016
United States
Toll Free +1- 844-445-2861
Email : sales@xpodenceresearch.com

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