Future Market Insights has announced the addition of the “ Open Gear Lubricants Market" report to their offering
Valley Cottage, NY -- (SBWIRE) -- 06/13/2019 -- Open gears are primarily utilized for drive units in the raw materials industry; for instance, tube mills and rotary kilns in gypsum and cement production. The operational safety and also lubrication of these units require a special significance. For the lubrication of these units, various types of open gear lubricants are available in the market. Depending upon the design of open gear as well as method of application, lubricants have certain restrictions.
Open gear lubricants are primarily utilized to lessen wear and provide shock load protection during typical operations. There are various aspects for the selection of open gear lubricants, which include suitability of the lubricant for the existing gear design, production equipment, existing application unit, and process.
Solvent and bitumen containing lubricants such as the asphaltic type have been replaced by graphite containing grease. Owing to their bitumen and solvent content, their utilization has been restricted by many users in order to prevent health and environmental hazards. Graphite containing greases are one of the most widely utilized types of open gear lubricants, because they are approved by prominent machine and gear manufacturers within the cement and other manufacturing industries.
Global Open Gear Lubricants Market: Segmentation
Globally, the open gear lubricants market can be segmented on the basis of type, grade, end-use industry, and application.
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Based on the type, the global open gear lubricants market can be segmented into:
Asphaltic Type or Residual Compounds
Semifluid Grease Cutbacks
High Viscosity Synthetics
Based on the grade, the global open gear lubricants market can be segmented into:
Based on the end-use industry, the global open gear lubricants market can be segmented into:
Global Open Gear Lubricants Market: Dynamics
The stabilization and recovery of the mining industry across the globe is expected to be one of the key factors boosting the demand for open gear lubricants. The mining industry across the globe is cyclical in nature, which depends upon the performance of various down-stream end-use sectors. This makes the mining industry correlated with the overall global economic scenario. Political turmoil, slow economic growth, growing protectionism, etc., are some of the factors which have led to decreased commodity demand and weakened investor confidence, in turn, resulting into subdued growth of the global mining industry in the recent past. Moreover, the growing construction and machinery industry supported by increasing investment in infrastructural development is expected to uplift the open gear lubricants market.
Prominent manufacturers of open gear lubricants are found to be involved in the development of application-specific lubricants based on mineral oils and synthetic hydrocarbons to provide excellent resistance to high pressure, good adhesion and protection against wear.
The introduction of asphaltic- and volatile solvent-free open gear lubricants (graphite-based lubricants) is one of the key trends identified in the global open gear lubricants market.
Global Open Gear Lubricants Market: Regional Outlook
Considering regions, the global open gear lubricant market is expected to be dominated by the Asia Pacific region. Owing to the growing construction, machinery, and mining industries in China and India, the demand for open gear lubricants is expected to rise. Asia Pacific is expected to be followed by Latin America in the market, which is expected to grow at a significant rate over the forecast period, due to increasing investments in the mining industry across Peru, Chile, and Brazil. The open gear lubricants markets in North America and Europe are expected to grow at moderate rates over the near future. Middle East & Africa is expected to account for a small share in the global open gear lubricant market, and is further expected to grow at a slow rate in the near future.
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Global Open Gear Lubricants Market: Market Participants
Examples of some of the market participants involved in the global open gear lubricants market include Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Corporation, CARL BECHEM GMBH, Spanjaard Limited, Lubrication Engineers, Inc., Kluber Lubrication, ROCOL (ITW Division), Whitemore, Texas Refinery Corp., Bel-Ray Company, LLC, and others.