Industrial, Manufacturing & Heavy Industry Market News

Learn details of the Global gear oil market forecast to 2024

Learn details of the Global gear oil market forecast to 2024

Global Gear Oil Market By Base Oil {Mineral Oil, Synthetic Oil (PAO, PAG, Group III (Hydrocracking), Esters), Semi-Synthetic Oil, Bio-Based Oil)}, Application {General Industrial (Manufacturing, Mining, Construction, Agriculture, Oil & Gas, Others), Transport (Automotive, Marine, Railway, Aviation)}, Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

- Advertising -

The Global Gear Oil Market accounted for USD 7.34 billion in 2016 and is projected to grow at a CAGR of 2.70% during the forecast period of 2017 to 2024.The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

This report consists of below pages:

  • No of pages : 350
  • No of Figures: 60
  • No of Tables: 220

Request for Report @ databridgemarketresearch.com/reque…tm_campaign=Dinar

Major market drivers: Global Gear Oil Market

  • Rising demand from power industry
  • Improved quality of gear oils
  • Growingautomotive industry

Market Restraint:

  • Strict environmental regulations restricting the use of gear oilsRigid environmental regulations pertaining to the sustainability of structures

Global Gear Oil Market is segmented on the basis of type, application and Geography.

Browse Full Report @ databridgemarketresearch.com/repor…tm_campaign=Dinar

On the basis of type, global gear oil market is segmented into mineral oil, synthetic oil, semi-synthetic oil and bio-based oil.Synthetic oilis sub segmented into poly-alpha-olefin(PAO),polyalkylene glycol (PAG) and Group III (hydrocracking).

On the basis application global gear oil market is segmented into general industrial and transportation.

- Advertising -

General industrial is sub segmented into manufacturing, mining, construction, agriculture, oil & gas and others, whereas transportation is sub segmented into automotive, marine, railway, and aviation. Transportation segment accounts for the highest consumption due to increasing usage gear oils in the automotive industry.

Request for TOC: databridgemarketresearch.com/toc/?…tm_campaign=Dinar

On the basis of geography, global gear oil 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.

In 2017, North America is expected to dominate the market..

Access reportt: databridgemarketresearch.com/speak…tm_campaign=Dinar

The Global Gear Oil Market Report is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Some of the major players operating in this market are

Some of the major players operating in global gear oil market are Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell Plc, BP p.l.c., Lukoil, Total Lubrifiants, PetroChina Company Limited, Idemitsu Kosan Co., Ltd, Sinopec Corp., CITGO Petroleum Corporation, Apar Industries Ltd., FUCHS, and The Lubrizol Corporation among others.

Inquiry report @ databridgemarketresearch.com/inqui…tm_campaign=Dinar

News From

Data Bridge Market ResearchData Bridge Market Research
Category: Market Research Publishers and RetailersCompany profile: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wi ...