Industrial, Manufacturing & Heavy Industry Market News

Lubricants Market worth $192.0 billion by 2027 just published

Industrial and Manufacturing

[180 Pages Report] Lubricants Market by Application (Equipment Transportation and Industrial Machinery), by Type (Bio-Based, Mineral Oil, Synthetic Lubricants and Greases) and by Geography (APAC, EU, NA, MEA, AND SA).

According to the new market research report "Lubricants Market by Type (Mineral Oil, Synthetic Lubricants, Bio-Based, and Greases), by Application (Transportation and Industrial Machinery & Equipment), and by Region (APAC, EU, NA, MEA, AND SA) - Global Forecast to 2027", published by MarketsandMarkets™, the Lubricants market is projected to grow from USD 155.1 billion in 2018 to USD 192.0 billion by 2027.

Download PDF Brochure @…=182046896

Mineral oil lubricants to account for the major share of the lubricants market till 2027

The lubricants market is segmented by type, namely, mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases. Mineral oil lubricants are the most preferred type of lubricant and accounts for major share in the global lubricants market.

Low cost, easy availability, and increased application in all sectors are driving the mineral oil lubricants market.

Growing automotive industry in the emerging regions to drive the transportation application

The transportation application is leading the lubricants market. This is due to the rapid growth of the automotive, aviation, and marine industries in the APAC region.

The increasing demand of automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. This growth in the automotive industry eventually contributes to the growth of lubricants in the APAC region.

Browse and in-depth TOC on "Lubricants Market"
182 - Tables
53 - Figures
180 - Pages

Don’t miss out on business opportunities in Lubricants Market. Speak to our analyst and gain crucial industry insights that will help your business grow:…=182046896

APAC to be the largest market during the forecast period

The lubricants market is broadly segmented into five regions, namely, APAC, Europe, North America, the Middle East & Africa, and South America. APAC is the largest market for lubricants, followed by Europe.

The Middle East & Africa is projected to be the fastest-growing market during the forecast period. Growing industrialization has offered enormous opportunity for the various manufacturing industries to use lubricants in the Middle East & Africa.

Moreover, the increasing number of passenger and commercial vehicles in the region is fueling the growth of the lubricants market.

Currently, the global lubricants market is dominated by various market players such as Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), Petrochina Company Limited (China), Sinopec Limited (China), Total S.A. (France), Lukoil (Russia), BP Plc. (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), Idemitsu Kosan Co., Ltd. (Japan), and others.

Get This Report @…=182046896

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.