Pune, India -- (SBWire) -- 07/10/2018 --Market Insights:-
Growing industrialization, growing demand for goods, and rising economy are the major driving factors generating the growth of the market. The expanse of applications such as growing adoption of industrial lubricants owing to growing intensity of application such as extreme pressure gear lubricants.
High demand from the automotive sector is the key factor driving the growth of the industrial lubricants market. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the global industrial lubricants market. On the other hand, increasing popularity of hybrid electric vehicles may hamper the growth of the global industrial lubricants market. Global industrial lubricants market was valued at USD 56.87 billion in 2016, and is expected to grow at CAGR of 2.4% by 2022.
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Industrial News:
December, 2017 - Maximus international is set to aquire pacific lubricants
November, 2017 - Fuchs Petrolub SE, acquired Ultrachem, Inc., producer of specialty synthetic lubricants used in compressor and industrial maintenance.
Segmentation:
To generate an accurate understanding of the market the global industrial lubricants report has been segmented on the basis of type, state, source, end user and regions.
Based on type, the report has been segmented by hydraulic lubricants, compressor lubricants, gear lubricants, metal working fluids and others. Process oils are the leading segment, accounting for over 30.0 % of market in 2016.
Based on state, the report has been segmented by solid, liquid and others.
Based on source, the report has been segmented by natural, synthetic and compound.
Based on end user, the report has been segmented by automotive, manufacturing, heavy industries, power generation and other
Based on region, the report has been segmented by North America, Europe, Asia-Pacific and Middle East and Africa.
Industry Top Key Players:-
The key players of global industrial lubricants market are ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (The Netherlands), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan).
Major Points of TOC:-
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Industrial Lubricants Market, By Type
4.1 Hydraulic Lubricants
4.2 Compressor Lubricants
4.3 Gear Lubricants
4.4 Metal Working Fluids
4.5 Others
To be continued....
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Regional Analysis:-
Asia-Pacific region dominates the global industrial lubricants market. Rapid growth in automotive and manufacturing sector in this region is a significant factor that spurs the demand of the market in APAC region. In Asia-Pacific region, global industrial lubricants market is expected to grow at the fastest pace during the forecast period. Saturated regions such as Europe is expected to grow at a moderate pace, owing to increasing output from end-use industries.
Industrial Lubricants Market Size, Share, Growth by Top Company, Key Opportunities, Region, Application, Driver and Forecasts by 2022