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Lubricants Market By Product ( Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants, Greases ), By Application ( Transportation, Industrial ) - Growth, Future Prospects And Competitive Analysis 2017 - 2025

This report, titled "Lubricants Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the lubricants market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on product type, application, and geographical distribution.

The global lubricants market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for lubricants.

In addition, several players are also focused on developing their niche in the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on product type, the global lubricants market is categorized into mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases. On the basis of application, the global lubricants market is categorized into transportation, industrial, and others.

In addition, lubricant manufacturing companies, distributors, and academic organizations form the major client types for the lubricant market. This report presents the market size (Mn Tons) (US$ Bn) and forecast for all segments considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global lubricants market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. To elaborate,

The geographical distribution of the global lubricants market is as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global lubricants market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of lubricants.

Based on the product type, the global lubricants market is segmented as follows:

  • Lubricants based on mineral oil
  • Synthetic Lubricants
  • Bio-Based Lubricants
  • Greases

On the basis of product type, the global lubricants market can be segmented into mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases. In 2015, the mineral oil lubricants segment accounted for the largest share of the global lubricants market and was projected to maintain its dominance during the forecast period.

The easy availability of mineral oil lubricants and low prices are the factors projected to drive the growth of the segment during the forecast period. The grease segment is anticipated to witness the fastest growth over the forecast period owing to increasing demand from manufacturing facilities, which is expected to drive the demand for greases over the forecast period (2017-2025).

The global lubricants market is divided into the following segments based on application:

  • Transportation
  • Industrial
  • Others

On the basis of application, the global lubricants market can be segmented into transportation, industrial, and others. In 2016, transportation was observed to be the largest application segment and is projected to maintain its dominance during the forecast period.

The growing use of lubricants in commercial vehicles, passenger vehicles, and other industries such as aviation and marine is anticipated to drive the demand for lubricants over the forecast period.

The industrial segment is anticipated to account for a significant share of the global lubricants market and is expected to witness significant growth during the forecast period. Expansion and installation of new manufacturing facilities are anticipated to spur demand for lubricants, especially in key manufacturing regions.

For the purpose of this study, the global lubricants market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global lubricants market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific accounted for the largest share of the global lubricants market and was projected to maintain its dominance during the forecast period.

Rapid growth in disposable income is fueling the demand for automobiles in the region, which in turn is driving the demand for lubricants in the region during the forecast period. Following it, North America stood in second place and accounted for a significant share of the global lubricants market in 2016.

The region's high volume of automobile sales, combined with robust international trade, are expected to drive demand for lubricants during the forecast period (2017-2025). 

Frequently Asked Question:

The market for Lubricants Market is expected to reach USD$ 75.6 Bn in 2025.

The Lubricants Market is expected to see significant CAGR growth over the coming years, at 3.3%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Royal Dutch Shell plc., Business Description, Financial Information*,Product Portfolio, Key Developments/ Business Strategies, SWOT Analysis. are of the major players in the global market.

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Godaddy
Published Date:  Apr 2017
Category:  Oil & Gas
Report ID:   58413
Report Format:   PDF
Pages:   120
Rating:    4.7 (60)
Delivery Time: 24 Hours to 48 Hours   
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