Industrial Lubricant Market Size, Share, Report, Analysis, Trends & Forecast to 2022
May 11, 2017
According to Stratistics MRC, the 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.
Gaithersburg, Maryland, US - May 10, 2017 /MarketersMedia/ —
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.
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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.
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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 .
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Types Covered:
• Metalworking Fluid
o Treating Metalworking Fluid
o Protecting Metalworking Fluid
o Removal Metalworking Fluid
o Forming Metalworking Fluid
• Hydraulic Oil
o Fire Resistant Hydraulic Oil
o Hlp Hydraulic Oil
o Hlp-D Hydraulic Oil
o Hl Hydraulic Oil
• Gear Oil
o Compounded Gear Oil
o Extreme Pressure Gear Oil
o Rust & Corrosion Inhibited Gear Oil
• Turbine Oil
• Grease
o Inorganic Thickener
o Metallic Soap Thickener
o Non-Soap Thickener
o Other Thickeners
• Compressor Oil
• Processing lubricants
• Other Types
o Refrigeration Oil
o Transformer Oil
o Textile Machinery Lubricants
End-Users Covered:
• Power Generation
• Metal Production
o Primary Ferrous Products
o Primary Non-Ferrous Products
o Transport Equipment
• Food Processing
o Bakery
o Dairy
o Food and Beverage
o Sugar
o Meat Poultry & Seafood
o Others
• Pharmaceuticals & Cosmetics
• General Manufacturing
o Automotive
o Marine
o Textile
o Chemical
o Oil & Gas
o Other General Manufacturing
• Construction & Mining
• Other End Users
Base Oil Covered:
• Synthetic Oil
o Esters
o Poly-alpha-olefin (PAO)
o Polyalkylene Glycol (PAG)
o Group III (Hydrocracking)
• Bio-Based Oil
• Mineral Oil
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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Contact Info:
Name: James Lamb
Email: [email protected]
Organization: Stratistics Market Research Consulting Pvt Ltd
Address: SMRC SALES OFFICE, 17049 King James Way, Gaithersburg, MD, 20877, USA +1-301-202-5929
Phone: +1-301-202-5929
For more information, please visit http://www.strategymrc.com/
Source: MarketersMedia
Release ID: 198042
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