Lubricants Market Global Industry Trends and Forecast to 2027 | Data Bridge Market Research
Lubricants Market â Global Industry Trends and Forecast to 2027 | Data Bridge Market ResearchGlobal Lubricants Market, By Base Oil (Mineral Oil, Synthetic Oil and Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid, Gear Oil, Compressor Oil, Turbine Oil and Others), End-Use (Transportation and Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027 Lubricants market is estimated to reach at USD 201.58 billion by 2027, and growing at a rate of 2.75% in the forecast period of 2020 to 2027. Rise in the process of automation in most industries and gradual increase in the number of vehicles on road are key factors driving the growth of the market. Lubricant is an organic substance which reduces the friction between the two surfaces in mutual contact. Function of lubricant works on transmitting forces, heating or cooling the surfaces and transporting foreign particle. Growth of the market is due to the consumption of lubricants from the automobile industry. Increased demand for high performance engines is driving the growth of the market. Demand for high performance lubricants which has better and improved properties such as reduced gear wear, reduced flammability and increased service life will act as growth driver for the market and growing prominence for bio-lubricants will create growth opportunities for the lubricants market in the forecast period of 2020-2027. Increasing drain intervals in the automotive and industrial sector will act as a restrain, and further challenge the growth of lubricants market in the forecast period mentioned above. The lubricants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions and technological innovations in the market. Lubricants market is segmented on the basis of base oil, product type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. â¢ On the basis of base oil, the lubricants market is segmented into mineral oil, synthetic oil and bio-based oil. â¢ On the basis of product type, lubricants market is segmented into engine oil, hydraulic fluid, metalworking fluid, gear oil, compressor oil, turbine oil and others. â¢ Based on end-use, lubricants market is segmented into transportation and industrial. Lubricants market is analysed and market size, volume information is provided by country, base oil, product type and end-use as referenced above. The countries covered in the lubricants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. Asia-Pacific is dominating the lubricants market due to the fastest growing market for lubricant, growth in base oil market, rapid industrialization, burgeoning population and urbanization are the reason for growth in the region. The country section of the lubricants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. Lubricants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lubricants market. The major players covered in the global lubricants market report are Shell, Exxon Mobil Corporation, bp p.l.c, Chevron Corporation, Total, PetroChina Company Limited, Idemitsu Kosan Co,Ltd, Sinopec Limited, Fuchs Petrolub SE, Valvoline Inc, LUKOIL, Petroliam Nasional Berhad, Gazprom Neft PJSU, PT Pertamina (Persero), AMSOIL Inc, Phillips 66 Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.