Lubricant Market Report Size Estimation 2019, Industry Value, Opportunities, Share Analysis, Top Companies and Growth Forecast to 2023
The report on the global Lubricant Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis and competitive landscape.
Pune, India – February 28, 2019 /MarketersMedia/ —
Global Lubricant market is expected to witness moderate growth during the forecast period as there are still many untapped markets within developing economies that needs to undergo a major industrial transformation. Lubricant is a fluid which is applied in between moving parts in order to reduce the friction, generated heat and wear & tear of machines. There are various functions of lubricants which are reducing the frictional resistance, reduces wear & tear and surface deformation, acts as a coolant, provides protection against corrosion, and improves the efficiency of the machine. There are certain chemicals which improve the properties of lubricants when added in them. These chemicals include anti-oxidants, foam depressants, corrosion inhibitors, detergent dispensers, and oiliness improvers. Lubricants are applied in the equipment through different lubrication methods including oil can, oil gun, grease packing, wick type, bath type, and circulation.
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Lubricant Market Segments Analysis:
Global Lubricant market has been segmented based on type, application, and region. Based on type, the market is classified into mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases.
Synthetic lubricants segment is leading the market and is expected witness with highest growth rate due to its wide application in the automotive industries. Moreover, rising dependency on private vehicles and increasing consumer affordability are some of the factors which are boosting the use of these lubricants in the automotive industry as well as other industries due to increasing focus on energy efficiency and cleanliness.
Prominent Players
The key players of global Lubricant market are Idemitsu Kosan Co. Ltd, Fuchs Petrolub AG, Lukoil, Sinopec Limited, Petrochina Company Limited, Total S.A, Chevron Corporation, BP PLC., Exxonmobil Corporation, and Royal Dutch Shell PLC, among others.
Regional Outlook:
Region wise, Asia Pacific held the largest market share of the global lubricant Market in 2017. Due to technological advancements in several industries in countries such as China, India, and Japan, among others will drive the market for lubricants. Also, growing activities in industries such as oil & gas, automotive, construction, and other engineering departments, will eventually contribute towards the growth of lubricant market.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List of Assumptions
3.6 Limitations of The Study
4 Market Insights
Continued ..
List Of Tables
Table 1 Global Lubricant Market, By Region, 2016-2023 (USD Million)
Table 2 North America Lubricant Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Lubricant Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Lubricant Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Lubricant Market, By Country, 2016-2023 (USD Million)
Table 6 South America Lubricant Market, By Country, 2016-2023 (USD Million)
Table 7 Global Lubricant Market, By Type, 2016-2023 (USD Million)
Table 8 North America Lubricant Market, By Type, 2016-2023 (USD Million)
Table 9 Europe Lubricant Market, By Type, 2016-2023 (USD Million)
Table 10 Asia-Pacific Lubricant Market, By Type, 2016-2023 (USD Million)
Continued .
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