The Global Lubricants Market is estimated to reach USD 196.2 Billion by 2027 at a CAGR of 2.2%, states forencis research (FSR).
Lubricant is a substance that is used to reduce friction and wear between surfaces in mutual contact and in relative motion, which directly help to reduce the heat generation when surface move. It also use to eliminate heat and wear debris, transmitting power, supply additives into contact, protect, and seal. Lubricants can be classified based on the base oil to Mineral oil, synthetic oil, and others. Most of the lubricants contain 5 to 30% of additives to improve their performance. Lubricants can be used in a variety of applications such as automotive, industrial, mining, hydraulic and many others. The selection of lubricants is depending on various factors such as exposure to harsh chemicals and temperature.
Market Drivers:
Increasing preference for vehicles for personal mobility and public transportation is increasing sales of automobiles globally. Moreover, a continuously growing replacement market due to growing awareness among consumers is anticipated to boost the demand for lubricants in the automotive sector. Thus the demand for lubricants in the automotive sector is showing considerable growth during the forecast period.
Market Restraints:
The increasing automotive sector is one of the major driver behind the growth of the lubricant market. The electrical vehicle is the major development of the automotive sector. On the other hand, the consumption of the automotive lubricants is more in IC vehicles as compared with EVs. Thus increasing demand for electrical vehicles is expected to hamper the market growth during the forecast period.
The report on the lubricants market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) Volume (Kiloton) |
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Segments Included |
Base Oil, Product Type, Application |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
KEY Companies Covered
For the scope of the report, In-depth segmentation is offered by Forencis Research
Lubricants Market, by Base Oil
Lubricants Market, by Product Type
Lubricants Market, by Application
Lubricants Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Constant Demand Form Automotive Sector
4.2.2. Increasing Demand for High Performance Lubricants
4.3 Restraints
4.3.1. Increasing Demand for Electric Vehicles
4.1 Opportunities
4.1.1. Growing E-commerce Industry
4.1 Challenges
4.1.1. Fluctuation in Crude Oil Prices
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 LUBRICANT MARKET, BY BASE OIL, Market Size in USD Million and Kiloton (2019—2027)
6.1 Introduction
6.2 Mineral Oil
6.3 Synthetic Oil
6.4 Others
7 LUBRICANT MARKET BY PRODUCT TYPE, Market Size in USD Million and Kiloton (2019—2027)
7.1 Introduction
7.2 Grease
7.3 Engine Oil
7.4 Hydraulic Oil
7.5 Gear Oil
7.6 Coolant Liquids
7.7 Compressor Oil
7.8 Others
8 LUBRICANT MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019—2027)
8.1 Introduction
8.2 Automotive
8.2.1 Commercial Vehicle
8.2.2 Passenger Vehicle
8.2.3 Railway
8.2.4 Others
8.3 Industrial
8.3.1 Metal & Mining
8.3.2 Textile
8.3.3 Energy
8.3.4 Chemical
8.3.5 Others
9 LUBRICANT MARKET BY REGION, Market Size in USD Million and Kiloton (2019—2027)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East & Africa
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Royal Dutch Shell plc
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Total
11.3 Exxon Mobil Corporation.
11.4 BP p.l.c.
11.5 Chevron Corporation.
11.6 PetroChina Company Limited
11.7 China Petrochemical Corporation. (Sinopec Corp.)
11.8 Lukoil
11.9 PETRONAS Lubricants International
11.10 Indian Oil Corporation Ltd
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain