Major drivers for the growth of lubricant market is strong demand from power generation, and higher investment in infrastructure division. As per article published by Gulf Oil Lubricant, there is 55% rise in Q3 net profit.and35 % growth in terms of volumes for motorcycle engine oil. As there is demand of gulf oil lubricant, it will increase demand of lubricant market in future.
Pune, India -- (SBWIRE) -- 09/06/2018 -- There are several recent developments, product launches, joint ventures, merges and accusations by the key market players and brands who will dominate the lubricants market and hence Chemical and Materials industry for the forecast years 2018 to 2025.
This report has all the company profiles for the top players and brands and along with that the report also contains a synopsis of market definition, classifications, applications and market trends, and the lubricants market drivers and restrains that are derived from a well know method called SWOT analysis.
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Global lubricants market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Market Analysis:
The Global Lubricants Market is expected to reach USD 190.94 billion by 2025, from USD 159.18 million in 2017, growing at a CAGR of 2.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Some of the major players operating in the global lubricants market are
- Royal Dutch Shell Plc.,
- Exxon Mobil Corporation,
- PetroChina Company Limited,
- China Petrochemical Corporation,
- Total,
- LUKOIL,
- BP p.l.c.,
- Chevron Corporation.,
- Idemitsu Kosan Co., Ltd..
- Aqua, among others
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Major Market Drivers and Restraints:
- Growing automotive industry in Asia-pacific.
- Increased in massive industrial growth in Asia-pacific and Africa
- Increased consumer awareness coupled with stringent government regulations.
- High price of synthetic and bio-based lubricants
- Increasing popularity of hybrid electric vehicles expected to lead to decline in demand for lubricants.
Market Segmentation:
Based on type
- mineral oil,
- synthetic lubricants,
- bio-based, and greases.
On the basis of application
- transportation,
- industrial machinery
- equipment and others.
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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