MarketResearchReports.Biz include new market research report "Global Lubricants and Base Oils Market: Trends and Opportunities 2014" to its huge collection of research reports. Visit: http://www.marketresearchreports.biz/analysis/217905
Albany, NY -- (SBWIRE) -- 09/23/2014 -- The report titled “Global Lubricants and Base Oil Market: Trends & Opportunities (2014 Edition)” analyzes the global lubricants and base oil market, with exhaustive discussion on demand of lubricants in different region across the globe in volume terms. The key market challenges recognized by the analysts and the major trends of lubricants and base oil market are presented in the report. Further, key manufacturers of lubricants like Exxon, Shell, Chevron and HPCL are profiled in the report.
Metalworking Fluid/Corrosion Preventives and Greases
Exxon Mobil Corporation
Royal Dutch Shell plc
Hindustan Petroleum Corporation Limited (HPCL)
For the lubricants industry, the year 2013 was characterized by oversupply conditions, as companies continued to increase their production capacities while the demand remained stagnant. Asia Pacific is the largest lubricants market followed by North America, Latin America, Eastern Europe, Western Europe, Africa and Middle East. China and India remain the key focus for a number of global lube players for their growth strategy. The automotive lubricants segment is the largest followed by industrial oils, metalworking fluids/corrosion preventives, greases and process oils.
Factors contributing to the growth of lubricants demand include growing vehicle sales, increasing emissions and vehicle safety regulations and rapid industrialization. Bio lubricants and synthetic lubricants are also becoming popular.
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