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Industrial Lubricants Market by Type, End-Use Industry, Base Oil, and Region - Global Forecasts to 2021

Industrial Lubricants Market: Global Forecasts until 2021

  • March 2017
  • 190 pages
  • ID: 4794248
In this report:
The construction & mining end-use industry accounted for the largest share of ##.##%, in terms of value, in 2015, and is projected to register a CAGR of ##.##% during the forecast period.
The industrial lubricants market in Russia is dominated by the construction & mining end-use industry, which accounted for a share of ##.##%, in terms of value, in 2015.

Summary

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"Global industrial lubricants market forecasted to grow at a compound annual growth rate (CAGR) of 2.5% during the forecast horizon."

The overall industrial lubricants market is forecasted to reach $64.40B by 2021, at a compound annual growth rate of 2.50 percent from 2016 to 2021. The rise is primarily due to the massive industrial increase in Asia-Pac (APAC) and the Middle East area & African continent, along the increase in process automation in most of the sectors. The factors restraining the increase of this market are the high cost of synthetic and bio-based industrial lubricants.

"Hydraulic oil to be the most important type segment in the overall industrial lubricants market."

Hydraulic oil wathe biggest segment in the overall industrial lubricants market, by category in. Its low cost primarily drives the hydraulic oil as distinguished to other types along the increasing demand from the construction & mining market. On the other hand, the metalworking fluid segment is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period. This high increase is mainly attributed to the increasing demand for the metal in the automotive sector.

"Mineral oil was the most important segment of the industrial lubricants market"

Mineral oil was the biggest segment in the overall industrial lubricants market in 2016. The easy availability and low cost of mineral oil based industrial lubricants are forecast to steer the industrial lubricants market in the apparel application. Furthermore, this industry segment is influenced by the increasing demand from APAC and the Middle East (ME) & African continent. Nevertheless, the mineral oil based lubricants segment in North America (NA) and EU will register low increase due to the slow economic increase and change in demand patterns

"Construction & mining was the most important end-use market in the overall industrial lubricants market."

The need for industrial lubricants is high in the construction & mining sector. The growing construction activities especially in the residential market of China and the growing infrastructural developments in India (IN) are anticipated to fuel the industry demand for industrial lubricants in the construction & mining market.

"Asia-Pac is anticipated to be the highest-growing market for industrial lubricants during the outlook period"

Asia Pacific (APAC) is the biggest industrial lubricants market. The high rise of the emerging economies and the rising disposable income in the territory make Asia-Pacific an attractive market for industrial lubricants. The tremendous increase of industrial production and rised trade are primarily responsible for the high consumption of industrial lubricants.

Breakdown of profiles of primary Q&A for the market research

- By Company Type - Tier 1 - 30.0 percent, Tier 2 -43.0 percent, and 1/3 3 - 27.0 percent

- By Designation - C Level - 43.0 percent, Director Level - 30.0 percent, and Others - 27.0 percent

- By area - North america (NA) - 37.0 percent, Europe - 23.0 percent, Asia-Pacific - 26.0 percent, and rest of the world - 14.0 percent

Some of the top firms decribed in this market report are ExxonMobil Corporation, Royal Dutch Shell Plc., Chevron (NYSE:CVX), BP p.l.c. , Total S.A., Petrochina Company Limited, Sinopec Limited, LUKOIL, Fuchs Petrolub AG, Idemitsu Kosan Co. Ltd, and others.

Scope of the Report

The sector is divided on the basis of type, base oil, end-use sector, and area. The main types included in this business report are hydraulic oil (HL hydraulic oil, HLP hydraulic oil, HLP-D hydraulic oil, and fire-resistant hydraulic oil), metalworking fluid (removal, forming, treating and protecting), gear oil (rust & corrosion inhibited gear oil, compounded gear oil, and extreme pressure gear oil), compressor oil, grease (metallic soap thickener, non-soap thickener, and inorganic thickener), turbine oil, and others (transformer oil, refrigeration oil, and textile machinery lubricants). The base oil includes mineral oil, synthetic oil (PAO, PAG, esters, and group III), and bio-based oil. Established on end-user market, the industry has been divided into construction & mining, metal production (transport equipment, primary ferrous products, and primary non-ferrous products), cement production, power generation, general manufacturing (automotive, chemical, marine, oil & gas, textile, others), and food processing (food, beverage, pharmaceuticals & cosmetics, and others). The sector is also broken down on the basis of regions, including Asia-Pacific, Europe (EU), North America continent, Middle East (ME) & African continent, and South America region.

Key Benefits

This industry report includes the following studies:

- Industry segmentation established on category, base oil, end-use sector, and area

- Market dynamics including drivers, market restraints, and alternatives

- Value chain study

- Porter's Five Forces Analysis with respect to the overall industrial lubricants market

- Profile of the main market actors in the overall industrial lubricants market

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