Industrial Lubricants Market Analysis 2017-2022: Key Findings, Regional Analysis

Posted by Jitendra Magar on December 8th, 2017

Market Scenario

Industrial lubricants are used to reduce friction. Their primary function is to displace solid surfaces with a fluid film. They are used to modify surface properties, regulate temperature, or remove debris. High demand from the automotive sector is the key factor driving the growth of the industrial lubricants market. To ensure smooth working of machines in industries, the demand for grease increasing in industries is also fuelling the growth of the global industrial lubricants market. On the other hand, increasing popularity of hybrid electric vehicles may hamper the growth of the global industrial lubricants market.

 Global Industrial Lubricants Market was valued at USD 56.87 billion in 2016, and is expected to grow at CAGR of 2.4% by 2022.

 Key Players

The key players of global industrial lubricants market are

• ExxonMobil Corporation  (U.S.),
• Royal Dutch Shell Plc. (The Netherlands),
• Chevron Corporation (U.S.),
• BP p.l.c. (U.K.),
• Total S.A. (France),
• Petrochina Company Limited (China),
• Sinopec Limited (China),
• LUKOIL (Russia),
• Fuchs Petrolub AG (Germany),
• Idemitsu Kosan Co. Ltd  (Japan).

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 Regional Analysis

Asia-Pacific region dominates the global industrial lubricants market. Rapid growth in automotive and manufacturing sector in this region is a significant factor that spurs the demand of the market in APAC region. In Asia-Pacific region, global industrial lubricants market is expected to grow at the fastest pace during the forecast period. Saturated regions such as Europe is expected to grow at a moderate pace, owing to increasing output from end-use industries.

 Study Objectives of Global Industrial Lubricants Market

• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global industrial lubricants market.
• To provide insights about factors affecting the market growth
• To analyze the global industrial lubricants market based on various Factors such as Supply Chain Analysis, and Porter’s Five Force Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by type, end users and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the industrial lubricants market