Lubricants Market Augmented by Automotive LubricantsPosted by niharika on July 23rd, 2019 Global Lubricants Market: Demand Analysis and Growth Forecast The global lubricants market size hovered around 3 billion as of 2018 and is set to grow at a CAGR of 2.8% during the forecast period of 2019 to 2025. The report is published by market research firm IndustryARC, and is titled: Lubricants Market: By Type (Engine Oil, Gear Oil, Hydraulic Fluid, Metalworking Fluids, Greases, Turbine Oil, Compressor Oil, Others) Base Oil (Mineral, Synthetic, Bio-based, Others) Application (Automotive, Industrial, Others) & Geography – Forecast (2019-2025).” Global Lubricants Market: Leading Segments Asia-pacific region held a dominating share that is around 42% in the global lubricants market in 2018. In Sri Lanka, vehicle population has increased to 7,247,122 in 2017 from 6,795,469 in 2016. This increase is due to the growth of automotive lubricants that is it holds 70% sales of the Sri Lanka lubricants market. Automotive lubricants are providing several requirements of an industry by satisfying stringent specification. Therefore automotive application is estimated to be the fastest growing application with a notable CAGR of 5.2% over the forecast period 2019-2025. View Full Table Of Content Of Lubricants Market https://www.industryarc.com/Report/15901/industrial-lubricants-market.html Global Lubricants Market Trends Growing advanced lubrication needs are attracting the OEMs to switch their choice and preference from conventional oils to the synthetic oils as they have exceeding capabilities. Global Lubricants Market: Competitive Landscape Royal Dutch Shell PLC, ExxonMobil Corporation, British Petroleum Plc, Chevron Corporation, Total SA, Petrochina Company Limited, Sinopec Limited, Lukoil, Fuchs Petrolub AG, and Idemitsu Kosan Co. Ltd. are the major strategic players which are holding maximum market share in the global lubricants market Talk to one of our sales representative about the full report by providing your details in the link below: About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Like it? Share it!More by this author |