Lubricants & Greases Supplier Intelligence by key partivipants - ExxonMobil, BP Plc, Chevron Corporation, ShellPosted by rahul nikade on November 13th, 2023 Lubricants & Greases Procurement Intelligence The lubricants & greases category is anticipated to grow at a CAGR of 4.0% from 2023 to 2030. The growth is attributed to the rising trade of vehicles & spare parts and the demand for automotive oils. There is a significant increase in the utilization of eco-friendly industrial lubricants & greases due to rising environmental awareness which has resulted in the need of more energy-conserving and green industrial solutions. These solutions are made using organic, and biodegradable ingredients and they offer premium protection that increases the life of machinery and reduces waste. Additionally, determining the correct ISO viscosity grade and viscosity index while choosing industrial lubricants is also crucial as it is used to measure the stability, and flow resistance of the lubricants. Order your copy of the Lubricants & Greases category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Lubricants & Greases Procurement Intelligence Report Scope The Lubricants & Greases category is expected to have pricing growth outlook of 4% - 5% from 2023 to 2030, with below pricing models.
Supplier Selection Scope of Report
Supplier selection criteria of Report
Lubricants & Greases Procurement Intelligence Report Coverage Grand View Research will cover the following aspects in the report:
Lubricants & Greases Procurement Cost and Supplier Intelligence Raw material, labor, land, machinery, utility, packaging, transportation, and others are some of the cost components involved in the production of the category. Raw material (base oils, and other additives), labor, and machinery form a major part of the cost component. Raw materials account for approximately 40-45% of the total production cost. The variation in prices of raw materials has a considerable impact on the prices of lubricants. In terms of lubricants & grease production, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some companies have complete in-house lubricants & grease production lines from extraction and refining to packing lubricants & greases into barrels/tankers and transporting to the end destination. Companies such as BP Plc, Chevron Corporation, Shell, and others have complete in-house production lines. However, some suppliers opt for partial outsourcing. They outsource operations such as transportation services. Employing an in-house team for a complete production line from procuring raw material to quality testing, packaging, and transportation can be beneficial for the company. List of Key Suppliers
Add-on Services provided by Grand View Research Pipeline:
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc. Browse through Grand View Research’s collection of procurement intelligence studies: Industrial Robotics Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) Brief about Pipeline by Grand View Research: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. Our services include (not limited to):
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