The global lubricants market size is projected to reach USD 166 billion by 2025, according to a new report by Radiant Insights, Inc. It is expected to expand at a CAGR of 3.7% during the forecast period. Rapidly growing sales of automobiles, primarily in countries such as India, China, U.S., and Brazil is expected drive the growth.
Chemical, construction, textile, infrastructure, and energy sectors for engine oil, hydraulic oil, wire rope and bearings, are the key application areas where lubricants are utilized extensively. Constant research and development for biological counterparts of the product, to reduce the environmental effect is likely to boost the North America lubricants market. Extensive inland shipping network of Europe and further development of inland waterways and their growing importance for trade and passenger travel is expected to drive the demand for marine lubricants.
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Manufacturers use crude oil, Coal Bed Methane (CBM), and other additives for the formulation of different types of lubricants. Prominent companies such as Shell, Chevron, ExxonMobil, Total, BP, and Sinopec have integrated business operations across the globe. Lubricant manufacturers are increasingly venturing into joint business operations with automotive manufacturers to keep steady profit margins for longer time period.
Variety of functions are performed by engine oil, one of which is to reduce friction. Efficiency increases significantly as lighter viscosity oils produce lesser frictions. A few major players such as British Petroleum; Shell; Ashland, Inc.; and ConocoPhillips have established their own subsidiaries Castrol, Pennzoil, Valvoline, and Kendall with broader product portfolios. This allows these companies to mark their presence in the desired application markets.
Further key findings from the report suggest:
• Automotive lubricant accounted for the largest market share of nearly 57% in terms of volume in 2018. Growing sales of consumer automotive such as trucks, buses, and other forms of passenger transport is expected to drive the market over the forecast period
• Major players as well as new entrants are focusing on development of bio based lubricants. These bio derivatives have several limitations such as oxidative stability and temperature resistance hence companies are investing on R&D activities
• Rise in economic condition has led to better infrastructure and enhanced public transport system in regions such as Brazil, India, and China. Furthermore, investments in personal vehicles by regional consumers is on continuous rise, which is expected to boost growth
• The market has witnessed rapid rise in investments by various multinational companies over the past decade. Several initiatives such as expanding product portfolio and strengthening their supply chain efficiency have broadened their business presence globally, thereby catering to a broader market base
• Some of the key participants operating in the lubricants market are ExxonMobil, Royal Dutch Shell, Chevron Corporation, and Total among others
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/lubricants-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Market Segmentation
2.3 Segment Outlook
2.4 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Lubricants Industry Outlook
3.1.2 Outlook on End-Use Industries
3.2 Value Chain Analysis
3.2.1 Raw Material trends
3.2.2 Manufacturing trends
3.2.2.1 Sedimentation
3.2.2.2 Fractionating
3.2.2.3 Filtering & solvent extraction
3.2.2.4 Additives, inspection & packaging
3.2.3 Sales channel analysis
3.2.4 vendor selection criteria
3.2.5 list of key end-users
3.2.6 Operational margin analysis
3.3 Technology Overview
3.3.1 Technology Adaptation by key industry participants
3.4 Regulatory & Policy Landscape
3.5 Market Dynamics
3.5.1 Market Drivers
3.5.1.1 Rapidly growing automotive sales
3.5.1.2 Rapid industrialization in brics nations
3.5.2 Market Restraint
3.5.2.1 rising popularity of hybrid-electric vehicles
3.5.3 Industry Challenges
3.6 Trade Analysis
3.6.1 Trade Balance
3.6.2 Import & Export Statistics, 2012 – 2017
3.6.2.1 Import Statistics
3.6.2.2 Export Statistics
3.7 Industry Analysis Tools
3.7.1 Porter’s Analysis
3.7.1.1 Threat of New Entrants
3.7.1.2 Industry Rivalry
3.7.1.3 Bargaining power of buyers
3.7.1.4 bargaining power of suppliers
3.7.1.5 threat of substitutes
3.7.2 Pestel analysis
3.8 Major Deals & Strategic Alliances
3.8.1 Joint ventures
3.8.2 Mergers & Acquisitions
3.8.3 Licensing Partnerships
3.8.4 Strategic divestments
Chapter 4 Lubricants Application Outlook
4.1 Application Market Introduction
4.2 Lubricants market estimates & forecast, by application
4.2.1 Industrial
4.2.2 Automotive
4.2.3 Marine
4.2.4 Aerospace
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/petrochemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Chemical, construction, textile, infrastructure, and energy sectors for engine oil, hydraulic oil, wire rope and bearings, are the key application areas where lubricants are utilized extensively. Constant research and development for biological counterparts of the product, to reduce the environmental effect is likely to boost the North America lubricants market. Extensive inland shipping network of Europe and further development of inland waterways and their growing importance for trade and passenger travel is expected to drive the demand for marine lubricants.
Download Free Sample Report @ https://www.radiantinsights.com/research/lubricants-market/request-sample
 |
| Lubricants Market |
Manufacturers use crude oil, Coal Bed Methane (CBM), and other additives for the formulation of different types of lubricants. Prominent companies such as Shell, Chevron, ExxonMobil, Total, BP, and Sinopec have integrated business operations across the globe. Lubricant manufacturers are increasingly venturing into joint business operations with automotive manufacturers to keep steady profit margins for longer time period.
Variety of functions are performed by engine oil, one of which is to reduce friction. Efficiency increases significantly as lighter viscosity oils produce lesser frictions. A few major players such as British Petroleum; Shell; Ashland, Inc.; and ConocoPhillips have established their own subsidiaries Castrol, Pennzoil, Valvoline, and Kendall with broader product portfolios. This allows these companies to mark their presence in the desired application markets.
Further key findings from the report suggest:
• Automotive lubricant accounted for the largest market share of nearly 57% in terms of volume in 2018. Growing sales of consumer automotive such as trucks, buses, and other forms of passenger transport is expected to drive the market over the forecast period
• Major players as well as new entrants are focusing on development of bio based lubricants. These bio derivatives have several limitations such as oxidative stability and temperature resistance hence companies are investing on R&D activities
• Rise in economic condition has led to better infrastructure and enhanced public transport system in regions such as Brazil, India, and China. Furthermore, investments in personal vehicles by regional consumers is on continuous rise, which is expected to boost growth
• The market has witnessed rapid rise in investments by various multinational companies over the past decade. Several initiatives such as expanding product portfolio and strengthening their supply chain efficiency have broadened their business presence globally, thereby catering to a broader market base
• Some of the key participants operating in the lubricants market are ExxonMobil, Royal Dutch Shell, Chevron Corporation, and Total among others
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/lubricants-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Market Segmentation
2.3 Segment Outlook
2.4 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Lubricants Industry Outlook
3.1.2 Outlook on End-Use Industries
3.2 Value Chain Analysis
3.2.1 Raw Material trends
3.2.2 Manufacturing trends
3.2.2.1 Sedimentation
3.2.2.2 Fractionating
3.2.2.3 Filtering & solvent extraction
3.2.2.4 Additives, inspection & packaging
3.2.3 Sales channel analysis
3.2.4 vendor selection criteria
3.2.5 list of key end-users
3.2.6 Operational margin analysis
3.3 Technology Overview
3.3.1 Technology Adaptation by key industry participants
3.4 Regulatory & Policy Landscape
3.5 Market Dynamics
3.5.1 Market Drivers
3.5.1.1 Rapidly growing automotive sales
3.5.1.2 Rapid industrialization in brics nations
3.5.2 Market Restraint
3.5.2.1 rising popularity of hybrid-electric vehicles
3.5.3 Industry Challenges
3.6 Trade Analysis
3.6.1 Trade Balance
3.6.2 Import & Export Statistics, 2012 – 2017
3.6.2.1 Import Statistics
3.6.2.2 Export Statistics
3.7 Industry Analysis Tools
3.7.1 Porter’s Analysis
3.7.1.1 Threat of New Entrants
3.7.1.2 Industry Rivalry
3.7.1.3 Bargaining power of buyers
3.7.1.4 bargaining power of suppliers
3.7.1.5 threat of substitutes
3.7.2 Pestel analysis
3.8 Major Deals & Strategic Alliances
3.8.1 Joint ventures
3.8.2 Mergers & Acquisitions
3.8.3 Licensing Partnerships
3.8.4 Strategic divestments
Chapter 4 Lubricants Application Outlook
4.1 Application Market Introduction
4.2 Lubricants market estimates & forecast, by application
4.2.1 Industrial
4.2.2 Automotive
4.2.3 Marine
4.2.4 Aerospace
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/petrochemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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