Global Lubricant Market Size and Volume - Forecasts to 2025 By End-User Landscape (Consumer Profile), Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants), Application (Industrial Lubricant (Process Oils, General Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive Lubricant (Heavy-Duty Engine Oil, Hydraulic & Transmission Fluid, Passenger Vehicle & Motor Oil, Automatic Transmission Fluid)) and Region
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The Global Lubricant Market is projected to reach USD 179.08 billion by 2027
An oily fluid and semifluid substance responsible to reduce friction and wear & tear between two components is termed as lubricant. Depending on their composition that is, base oil + additives and characteristics such as thermal stability, boiling point, freezing point, high viscosity index,.
they are used for abundant applications.
The prominent industries served by lubricants are automotive, manufacturing, machinery, textiles, transportation, aviation, marine among others.
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End-User Landscape (Consumer Profile): Global Lubricant Market
End-use companies such as Shell, ExxonMobil among others are investing extensively on the manufacturing and sale of lubricants, which presents a huge opportunity to lubricant suppliers. The report provides a detailed list of end-users operating across the world.
The end-use landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others. Growing end-use industries in the emerging economies are expected to increase the demand for the lubricants market.
Mineral oil lubricant is among the major type of lubricant and continues its dominance in the forecast period (2017-2025) Based on the type, lubricants are classified as mineral oil lubricants, bio-based lubricants, and synthetic lubricants. The Mineral oil based lubricants are mineral oil (petroleum by product) based.
The mineral oil is of three types, that is, Paraffinic Oil, Naphthenic Oil and Aromatic oil.
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Global Lubricant Market Drivers
- Automobile Industry: Growing automobile industry in developing economies, specifically APAC region and stable automobile industry of the U.S. and Europe will drive the lubricants market
- Low Viscosity Fluid: Increasing demand for low viscosity fluids from automotive industry will create a demand for industrial lubricants
- Rapid Industrialization: Rapid industrialization especially in developing countries will fuel up the usage of lubricants
- Machinery Development: Development and modernization of machinery for various industrial purposes will create a demand for lubricants in future
- Others: Other application areas such as mining, wind turbine,. will affect the lubricants market positively
Automotive lubricant industry is projected to grow at a considerable rate during the forecast period (2017-2025) Automotive industry is one of the major application area for lubricants, where in lubricants in form engine oil, gear oil, grease, transmission fluid and other fluids are used. Increasing demand of both light duty as well as heavy duty commercial vehicles especially in APAC region is a major driving factor.
The automotive industry has become saturated in few parts of North America & Europe and so the demand from these regions is comparatively low.
Increase in the life span of vehicles encourage the high usage of lubricants for enhanced performance and protection against damage, which is the driving factor for lubricants market. Government stated legislations and OEM requirements encourage the use of high quality lubricants so as to maintain vehicles? and environment?s health.
Also, the frequently changing raw material prices affect the market both positively and negatively.
Asia-Pacific is projected to account for the largest share in the global lubricants market by 2027
Asia-Pacific is the largest market for lubricants as compared to other regions of the world. Over 40% of lubricants demand comes from Asian countries.
The fastest gains in the APAC region, are due to an increase in motor vehicles population and rapid industrialization witnessed in major economies such as China and India. China alone accounts for over 40% of the lubricants demand in APAC region, followed by India (10-12%), Japan (8-10%) among others.
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Emerging economies like China, India, and Brazil among others offer a tremendous potential to the lubricants market growth. Growing environmental concerns will be a good opportunity for bio-based lubricants to grow as well and capture a higher market share.
The report entails key drivers, restraints, opportunities, and challenges that impact the global lubricant market. Players covered in the global lubricant market report include Royal Dutch Shell PLC, Exxonmobil Corporation, and BP PLC among others.
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TABLE OF CONTENTS
1 ABOUT LUBRICANT
2 TECHNOLOGICAL TRENDS
3 DEMAND AND SUPPLY MATRIX
3.2 DEMAND SIDE ANALYSIS
3.2.1 LUBRICANT: MARKET DRIVERS
3.2.2 LUBRICANT: MARKET RESTRAINTS
3.2.3 LUBRICANT: MARKET OPPORTUNITIES
3.2.4 LUBRICANT: MARKET CHALLENGES
3.3 SUPPLY SIDE ANALYSIS
3.3.1 FUTURE SCENARIO (CAGR% VS. COUNTRY)
3.3.2 MAPPING KEY LUBRICANT MANUFACTURERS
3.3.3 PORTER?S FIVE FORCES ANALYSIS
4 GLOBAL LUBRICANT MARKET: END-USER LANDSCAPE (CONSUMER PROFILE)
5 GLOBAL LUBRICANT MARKET, BY TYPE
5.2 MINERAL OIL LUBRICANT
5.3 SYNTHETIC LUBRICANT
5.4 BIO-BASED LUBRICANT
6 GLOBAL LUBRICANT MARKET, BY APPLICATION
6.2.1 INDUSTRIAL LUBRICANT, BY PRODUCT
22.214.171.124 Process Oils
126.96.36.199 General Industrial Oils
188.8.131.52 Metal Working Fluids
7 GLOBAL LUBRICANT MARKET, BY REGION
7.2 NORTH AMERICA
7.2.1 BY TYPE
7.2.2 BY APPLICATION
8 COMPANY PROFILE
8.1 ROYAL DUTCH SHELL PLC.
8.1.1 BUSINESS DESCRIPTION
8.1.2 SWOT ANALYSIS
8.1.3 PRODUCTS OFFERED
8.2 EXXONMOBIL CORPORATION
8.2.1 BUSINESS DESCRIPTION
8.2.2 SWOT ANALYSIS
8.3 BP PLC.
9 RESEARCH METHODOLOGY
9.1 DESK RESEARCH
9.2 PRIMARY RESEARCH
9.3 ANALYSIS AND OUTPUT
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