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Global Industrial Gear Oil Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Lubricant market overview
    • Global industrial gear oil market
  • Market landscape
    • Market overview
      • Table Global industrial gear oil market
    • Market size and forecast
      • Table Global industrial gear oil market 2016-2021 (MMT)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global industrial gear oil market by geography
      • Table Global industrial gear oil market by geography 2016 and 2021 (%)
      • Table Global industrial gear oil market by geography 2016-2021 (MMT)
      • Table Industrial gear oil market in APAC 2016-2021 (MMT)
    • Industrial gear oil market in EMEA
      • Table Industrial gear oil market in EMEA 2016-2021 (MMT)
    • Industrial gear oil market in the Americas
      • Table Industrial gear oil market in the Americas 2016-2021 (MMT)
  • Market segmentation by product
    • Global industrial gear oil market by product type
      • Table Global industrial gear oil market by product type 2016 and 2021 (%)
      • Table Global industrial gear oil market by product type 2016-2021 (MMT)
    • Global industrial gear oil market by mineral based lubricants
      • Table Global industrial gear oil market by mineral-based lubricants 2016-2021 (MMT)
      • Table Properties of mineral oil lubricants
    • Global industrial gear oil market by synthetic based lubricants
      • Table Global industrial gear oil market by synthetic-based lubricants 2016-2021 (MMT)
      • Table Advantages of synthetic oils based on base stock
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global Construction Spend 2016-2021 (%)
      • Table Global population data 2000-2050 (billions in numbers)
      • Table New wind installation targets by 2020 (in GW)
    • Market challenges
      • Table Benefits of automatic lubrication system
  • Market trends
    • Increasing number of industry-specific products
    • Digitization in wind turbine gearboxes
    • Development of bio-lubricants
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • BP
      • Table BP: Key products
    • Chevron Corporation
      • Table Chevron Corporation: Key products
    • Exxon Mobil Corporation
      • Table Exxon Mobil Corporation: Key products
    • Royal Dutch Shell
      • Table Royal Dutch Shell : Key products
    • Total
      • Table Total: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Industrial Gear Oil Market 2017-2021

About Industrial Gear Oil

Lubricants play a vital role in sectors such as automotive, aviation, manufacturing, and marine. These are used in both new and old machines and equipment to reduce friction, which increases with time due to wear and tear of surfaces. Lubricants for industrial gear oil applications are used to minimize wear and tear in gearbox by reducing binding and friction. In some extreme cases, these may also prevent or reduce electrical resistivity, while increasing thermal conduction.

Technavio’s analysts forecast the global industrial gear oil market to grow at a CAGR of 2.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial gear oil market for 2017-2021. To calculate the market size, the report considers the volume consumed in the lubricants market for gearbox applications and excludes aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Gear Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Royal Dutch Shell
  • Total
Other prominent vendors
  • Apar Industries
  • CITGO Petroleum
  • Columbia Petro Chem
  • FUCHS
  • Gazprom
  • Idemitsu Kosan
  • LIQUI MOLY
  • The Lubrizol Corporation
  • LUKOIL
  • Pertamina
  • Petrobras
  • PetroChina
  • Sinopec
  • SK Lubricants
Market driver
  • Growth in the global construction industry
  • For a full, detailed list, view our report
Market challenge
  • Decrease in mining-related investments
  • For a full, detailed list, view our report
Market trend
  • Increasing number of industry-specific products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Gear Oil Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial gear oil market: BP, Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell, and Total.
Other Prominent Vendors in the market are: Apar Industries, CITGO Petroleum, Columbia Petro Chem, FUCHS, Gazprom, Idemitsu Kosan, LIQUI MOLY, The Lubrizol Corporation, LUKOIL, Pertamina, Petrobras, PetroChina, Sinopec, and SK Lubricants.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing number of industry-specific products. One of the major trends in the market is the growing production of industry-specific lubricants. In terms of competitive offerings, two types of players exist in the market. The first constitutes companies that offer generic products and the second includes those companies that manufacture industry-specific products. In the recent years, many vendors have been increasingly focusing on offering specific mining lubricants.”
According to the report, one of the major drivers for this market is growth in the global construction industry. Infrastructure development has a direct impact on various sectors of the global economy. The need for better infrastructure leads to a high demand for heavy construction machinery such as trucks, crane, and others, as these can be useful in a wide range of construction activities. As there will be more demand for heavy machinery, there will be more manufacturing activity which will lead to higher number of manufacturing of heavy machinery, which will lead to a rise in demand of global industrial gear oil market.
Further, the report states that one of the major factors hindering the growth of this market is decrease in mining-related investments. There is a significant decline in the mining-related investments from the past few years. The economies globally where the mining plays an important role by contributing in their own GDPs have all shown a considerable decline in local and the foreign direct investments (FDI). There is a lack of demand for minerals and metals due to lowering of demand from the manufacturing sector. BRICS, which represents one-third of foreign direct investments in the mining sector, has shown a decline due to the weak economy. Only India has shown some respite from this scenario as its economy is stable due to high government spending in the infrastructure sector and the promotion of its manufacturing sector.

Companies Mentioned

BP, Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell, Total, Apar Industries, CITGO Petroleum, Columbia Petro Chem, FUCHS, Gazprom, Idemitsu Kosan, LIQUI MOLY, The Lubrizol Corporation, LUKOIL, Pertamina, Petrobras, PetroChina, Sinopec, and SK Lubricants.

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