The Global Industrial Lubricants Market research study published by Emergen research is an extensive collection of insightful information about the Industrial Lubricants industry. The report covers the Industrial Lubricants Market segmentation along with a detailed outline of the Industrial Lubricants market size with regards to volume and valuation. The report provides comprehensive coverage of the Industrial Lubricants market scenario for the current period and forecast timeline of 2020-2027. The Industrial Lubricants market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The industrial lubricants market is estimated to reach value of USD 75.23 Billion by 2027, according to a current analysis by Emergen Research. Increase in the number of trade activities and surge in industrialization in developing countries are estimated to propel the industrial lubricants market in the near future. Industrial lubricants are used to reduce friction between two surfaces. They help machines to work without any glitch and prolong the life of affected parts by lowering the wear and tear. Most of the industrial lubricants used have organic base, such as mineral oil or petroleum fraction. Moreover, increased investments in research and development are also likely to boost the industrial lubricants market during the forecast period.
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
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The report is a comprehensive research study of the global Industrial Lubricants market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.
The research report on the Industrial Lubricants market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Industrial Lubricants business sphere.
The global Industrial Lubricants market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Industrial Lubricants sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Key Highlights of Report
- In December 2020, Nyara Energy, formerly known as Essar Oil, partnered with Shell, a major energy company, to sell the latter’s industrial lubricants through its network of fuel stations in India. Nyara Energy has over 5,900 fuel stations in India and it plans to build new stations to reach 7,300 stations by 2022.
- Hydraulic fluids offer a lubricating film, which reduces the wear and tear on moving parts of an equipment. Effectiveness of the film depends on the balance between viscosity of the lubricants, sliding speeds and loads, and fluid stability.
- Synthetic oil has excellent low-temperature flow performance, it offers enhanced oxidation and thermal stability, and it has excellent wear protection. This type of oil is higher in quality and purity than mineral oils.
Key market participants include The Lubrizol Corporation, ExxonMobil Corp, Royal Dutch Shell, Amsoil, Inc., Valvoline International, Inc., Kluber Lubrication, Clariant, Chevron Corp., Petronas Lubricant International, and Quaker Chemical Corp.
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For the purpose of this report, Emergen Research has segmented the global industrial lubricants market based on product type, base oil, end-use industry, and region:
- Product Type Outlook (Revenue, USD Billion; 2017–2027)
- Hydraulic Fluid
- Metalworking Fluid
- Gear Oil
- Compressor Oil
- Turbine Oil
- Transformer Oil
- Refrigeration Oil
- Textile Machinery Lubricants
- Base Oil Outlook (Revenue, USD Billion; 2017–2027)
- Mineral Oil
- Synthetic Oil
- Polyalphaolefins (PAO)
- Polyalkylene Glycol (PAG)
- Group iii (Hydrocracking)
- Bio-based Oil
- End-use Industry Outlook (Revenue, USD Billion; 2017–2027)
- Metal & Mining
- Cement Production
- Power Generation
- Automotive (Vehicle Manufacturing)
- Oil & Gas
- Food Processing
- Pulp & Paper
- Marine (Deck Manufacturing)
- Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Industrial Lubricants in the near future?
- What is the regulatory framework governing the application of Industrial Lubricants in the food industry?
- Which manufacturing processes are utilized for the production of Industrial Lubricants?
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