Lubricants Industry Global Production,Growth,Share,Demand and Applications Forecast to 2026
May 8, 2019 8:03 PM ET
WiseGuyReports.Com Publish a New Market Research Report On –“ Lubricants Industry Global Production,Growth,Share,Demand and Applications Forecast to 2026”.
Lubricants Industry 2019
Description:-
The lubricants market is anticipated to reach over USD 169.4 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
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The growing manufacturing industry, rapid industrialization, and modernization of industrial machinery drive the growth of this market. Other driving factors include growing automotive production, rising applications in mining industries, and increasing government initiatives to support industrial growth. However, high prices of bio-based and synthetic lubricants are expected to hamper market growth. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.
The demand for lubricants from the industrial sector has increased over the years. The increasing need for automation and strong growth in industries support the adoption of lubricants. In the industrial sector lubricants are used for various applications such as air compressors, transformers, heat transfer systems, auxiliary equipment, metal working, and natural gas compressors among others. Lubricants are also used in wind turbines, refrigeration, paper machines, quenching, and bearings.
Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing growth of automation in manufacturing industries in the region coupled with high disposable income drives the market growth in the region. The rapid industrialization in China, Japan, and India, along with significant growth in transportation, construction, and mining industries would support market growth during the forecast period. The rising trend of bio-based lubricants, and increasing environmental concerns are expected to provide growth opportunities in the coming years.
The different applications of lubricants include industrial, automotive, and others. In 2017, the automotive segment accounted for the highest market share. The increasing demand of lubricants from automotive, marine, and aviation sectors has increased significantly over the years. The growth in automotive industry, especially in Asia-Pacific coupled with growing disposable income and improving living standards support the growth of lubricants in automotive sector.
The well-known companies profiled in the report include Exxonmobil Corporation, Idemitsu Kosan Co. Ltd, Sinopec Limited, Royal Dutch Shell PLC., Chevron Corporation, BP PLC., Amsoil Inc., Nippon Oil, Quaker Chemical Corporation, Fuchs Petrolub AG, Total S.A., and Luk Oil among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Table Of Contents – Major Key Points
- Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders - Executive Summary
2.1. Market Definition
2.2. Market Segmentation - Lubricants Market Insights
3.1. Lubricants – Industry snapshot
3.2. Lubricants – Ecosystem analysis
3.3. Lubricants Market Dynamics
3.3.1. Lubricants – Market Forces
3.3.1.1. Lubricants Market Driver Analysis
3.3.1.2. Lubricants Market Restraint/Challenges analysis
3.3.1.3. Lubricants Market Opportunity Analysis
3.3.2. Industry analysis – Porter’s five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Lubricants Market PEST Analysis, 2017
3.3.4. Lubricants Market Value Chain Analysis
3.3.5. Lubricants Industry Trends
3.3.6. Competitive Ranking Analysis - Lubricants Market Size and Forecast, 2017-2026 by Type
4.1. Key Findings
4.2. Synthetic Lubricants
4.3. Mineral Oil Lubricants
4.4. Bio-Based Lubricants
4.5. Greases
4.6. Others - Lubricants Market Size and Forecast, 2017-2026 by Application
5.1. Key Findings
5.2. Industrial
5.3. Automotive
5.4. Others - Lubricants Market Size and Forecast, 2017-2026 by Region
6.1. Key Findings
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.2.3. Mexico
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.3.4. Italy
6.3.5. Rest of Europe
6.4. Asia-Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.4.4. Rest of Asia-Pacific
6.5. Latin America
6.5.1. Brazil
6.6. Middle East & Africa
Continued……
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