Pune, Maharashtra -- (SBWire) -- 06/04/2019 --The construction lubricant sales are estimated to surpass 6,400 KT in 2019, according to a recent study of Fact.MR. Resurgence in construction activities and growing investment in infrastructure development projects, particularly in emerging economies, continue to support growth of the construction lubricants industry.
"Extensive analysis of the end-user specifications and requirements continues to be vital for growth in the construction lubricants market. Manufacturers are vying to devise effective strategies for extension of their portfolios with new product developments, while expanding their core product lines", states Fact.MR report.
According to the report, synthetic oil will continue to be preferred over mineral oil, with global sales estimated to exceed 3,300 KT in 2019. Marked preferences for synthetic oil are on account of its superior performance capabilities and higher drain intervals. Stringent emission norms & regulations are also driving demand for synthetic oils.
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The study finds that backhoe loaders account for larger sales of construction lubricants, as they entail relative greater fleet maintenance requirements than other construction equipment.
East Asia is likely to emerge as a highly attractive market for construction lubricants, driven by rapid industrialization across developing economies in the region. In addition, increasing government as well as foreign investments apropos of the construction activities is further underpinning growth of East Asia construction lubricants market.
Growing Demand for Zinc-Free Construction Lubricants - A Key Trend
Growing demand for zinc-free construction lubricants is emerging as a key trend in the industry, owing to their ability of preventing corrosion of construction machinery, and improving the equipment lifecycle. Additionally, zinc-free construction lubricants offer high performance even in high temperature, high pressure, and high moisture conditions, which in turn is fuelling their demand as an ideal type of construction lubricant.
The study opines that leading players in the construction lubricants market are focusing on offering high-performance products, which will help end-users to safeguard expensive machinery and reduce unwanted downtime. In order to serve a larger end-user base and effectively meet their specifications and requirements, players are making headway with value-added services and offerings.
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Manufacturers of construction lubricant are also focusing on diversifying their product portfolios via incorporation of bio-based variants, against the backdrop of rapid end-user inclination toward environment-friendly products. According to the report, companies that hone their digital-marketing skills to engage end-users are likely to gain significant profitability in the long-run, upheld by the fact that most players in the construction lubricants market are already putting immense efforts to gain a competitive edge.
The Fact.MR study offers a comprehensive forecast of the construction lubricants market for the period, 2018 to 2028. The construction lubricants market is expected to register a volume CAGR of approximately 4% through 2028.
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Table of Contents Covered in the report are:
1. Executive Summary
1.1. Market Summary
1.2. Analysis Summary
1.3. Mega Trends in Construction Lubricant Market
1.4. Opportunity Assessment
1.5. Wheel of FortuneTM Opportunity Analysis
1.6. Fact.MR View Point
2. Global Construction Lubricant Market Overview
2.1. Introduction
2.2. Market Definition
2.3. Scope of the Report/Taxonomy
3. Market Dynamics
3.1. Macro - Economic Factors Influencing Demand
3.2. Key Growth Drivers and Impact Analysis
3.3. Industry Challenges and Restraints
3.4. Forecast Factors and Relevance of Impact
3.5. Supply Chain Analysis
5. Global Construction Lubricant Market - Price Point Analysis
5.1. Price Point Assessment by Application
6. Global Construction Lubricant Market Analysis and Forecast, 2013 – 2028
6.1. Global Construction Lubricant Market Outlook
6.1.1 Market Value (US$ Mn), Volume (KT) Forecast and Analysis
6.3. Global Construction Lubricant Market Analysis by Application
6.3.1 Value (US$ Mn), Volume (KT) and Forecast by Application
6.3.2 Y-o-Y Growth Comparison by Application
6.3.3 Market Attractiveness Analysis by Application
6.4. Global Construction Lubricant Market Analysis by Base Oil
6.4.1 Value (US$ Mn), Volume (KT) and Forecast by Base Oil
6.4.2 Y-o-Y Growth Comparison by Base Oil
6.4.3 Market Attractiveness Analysis by Base Oil
6.5. Global Construction Lubricant Market Analysis by Formulation Type
6.5.1 Value (US$ Mn), Volume (KT) and Forecast by Formulation Type
6.5.2 Y-o-Y Growth Comparison by Formulation Type
6.5.3 Market Attractiveness Analysis by Formulation Type
6.6. Global Construction Lubricant Market Analysis by Sales Channel
6.6.1 Value (US$ Mn), Volume (KT) and Forecast by Sales Channel
6.6.2 Y-o-Y Growth Comparison by Sales Channel
6.6.3 Market Attractiveness Analysis by Sales Channel
6.7. Global Construction Lubricant Market Analysis by Equipment Type
6.7.1 Value (US$ Mn), Volume (KT) and Forecast by Equipment Type
6.7.2 Y-o-Y Growth Comparison by Equipment Type
6.7.3 Market Attractiveness Analysis by Equipment Type
And Continue...
Construction Lubricants Market: Analysis and in-Depth Study on Market Size Trends, Emerging Growth Factors and Forecasts to 2023
Fact.MR has announced the addition of the “ Construction Lubricants Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.