The Lubricant Market Research report provides an in-depth analysis of the industry, including current and future growth patterns, end-user analysis and key data that have been validated by experts. This report examines the market's importance, share and size, demand and supply as well as models, competitive landscape, industry chain analysis and other important factors. It also includes a detailed analysis of the industry's driving factors and the likely micro-economic factors that will affect its future development.
The Lubricant Market Research Report assesses the global Lubricant Marketplace industry market. It includes sales and capacity forecasts for 2021-2028. This report highlights the key factors that are driving industry growth. For a better understanding of the Lubricant market, the report splits it into broad categories, such as forms and applications, end-user, technology, etc. These segments are examined carefully to provide a greater understanding of global and regional markets. The report includes details of key industry players such as company overviews, product portfolios, growth strategies, revenue generation and revenue sharing, market share and size, geographical presence and market size forecast and development.
Lubricant Market
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The market segments and sub-segments have been thoroughly researched and the report has determined which market segment is likely to dominate the market in the future. This report includes detailed information on regional market performance and competitive analysis in order to assist clients in making informed decisions about their investments in the Lubricant market.
The report includes extensive analysis of market leaders, their business overview, expansion plans and strategies. The report covers the following:
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• British Petroleum Plc
• Chevron Corporation
• Total SA
• Petrochina Company Limited
• Sinopec Limited
• Lukoil
• Fuchs Petrolub AG
• Idemitsu Kosan Co. Ltd.
• Pennzoil
• Quaker Chemical Corp
• JX Nippon Oil Energy Corp
• Philips 66 Company
• Castrol
• Volvoline LLC
• The FUCHS Group
• AMALIE Oil Co.
Lubricant Market Segmentation
Transportation segment was estimated as largest of the lubricants market in 2019. Smooth running of vehicles and prolong engine life ask for consistent use of lubricants. Passenger vehicles, commercial vehicles, aviation, and marine are the sub segments of transportation. Passenger and commercial vehicles are the major consumers of lubricants attributed to the rising vehicle production and improving standard of living in the developing nations.
Mineral oil expected is to lead the market for lubricants during the forecast period and dominance of the mineral oil segment is projected to continue during the forecast period, owing to its low cost and easy availability. Mineral oil is produced in large quantities because of its high usage in different sectors such as transportation and industrial machinery and equipment. Gradual shift from mineral oil lubricants to synthetic and bio-based lubricants, the bulk lubricant users, which mainly includes off road vehicles, marine, defense, and aviation sectors, will continue to utilize high volumes of mineral oil lubricants owed to its low cost. Bio based lubricant is gaining popularity owing to sustainability program initiated in regions and carbon count pressure on the industries.
Automotive is the dominant application segment in 2019 with over 57.82 % market share. Rapidly rising demand for commercial as well consumer vehicles across various emerging economies, including China and India. Rapid industrialization and manufacturing industry is driving the industries use of lubricant. Industrial segment is second largest followed by marine and aerospace. Demand for lubricants in the industrial sector is expected to increase significantly during the forecast period. Industrial lubricants possess strong corrosion protection properties and help extend equipment life. They are used in various equipment. Industrial lubricants also help achieve maximum productivity, ease in functioning and improve the efficiency of machineries.
Increasing sales of passenger cars in emerging economies of Latin America is also anticipated to be a major factor driving consumer automotive lubricants demand over the forecast period.
Recovery of the consumer vehicles segment in U.S. is expected to further strengthen growth. Complimentary government regulations in U.S. and Europe are considerably driving the automotive sector across these regions. Varieties of policies to promote investment and partnerships with the private sector have been framed to make most of port and a transportation infrastructure opportunity across the region, which has further, stimulates the market growth. Europe is relatively saturated owing to the maturity of end-use industries. Resurgence of industrial activities along with modernization of industrial machinery is a key factor likely to determine demand in Europe over the next eight years. Asia Pacific is the largest lubricants market during the forecast period attributed to the high growth of the manufacturing and construction industries in emerging countries such as China, India, Japan, and South Korea.
REPORT ATTRIBUTE INFO
For years 2021-2028, market size available
Considered the base year for 2021
Historical data 2015-2020
Forecast Period 2021-2028
Segments covered Types, Applications and End-Users.
Report Coverage Revenue Forecast, Company ranking, Competitive Landscape and Growth Factors and market trends
Regional Scope North America. Europe, Asia Pacific. Latin America. Middle East and Africa.
You can customize your report for free when you purchase. Modification or addition to the country, regional and segment scope.
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Geographic Segment Covered by the Report
The Lubricant Report provides market information, which is further sub-divided into regions and countries. This report includes information on profit potentials, in addition to market share data for each country. This section includes information about the market share, growth rate and economic opportunities for each region, sub-region and countries in the period.
Middle East and Africa (GCC Countries Egypt)
North America (The United States and Canada).
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam. China. Malaysia. Japan. Philippines. Korea. Thailand. India. Indonesia.
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