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Global Industrial Lubricants Market 2016-2020

Global Industrial Lubricants Market 2016-2020

About Industrial Lubricants

Lubricants play a vital role in sectors such as automotive, manufacturing, aviation, and marine. They are used in both new and old machines and equipment to reduce friction, which increases with time because of wear and tear of surfaces. Manufacturers are focusing on methods to improve efficiency and effectiveness of lubricants as it will reduce the maintenance cost of machines and equipment and increase their lifespan.

Technavio’s analysts forecast the global industrial lubricants market to grow at a CAGR of 2.80% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial lubricants market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of industrial lubricants in the market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Lubricants Market 2016-2020, 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
  • Castrol
  • ExxonMobil
  • Shell
  • Total
Other prominent vendors
  • Apar Industries
  • Chevron
  • CITGO
  • Columbia Petro Chem
  • Fuchs Lubricants
  • Gazprom
  • Idemitsu Kosan
  • LIQUI MOLY
  • Lubrizol
  • LUKOIL
  • Pertamina
  • Petrobras
  • PetroChina
  • Sinopec
  • SK Lubricants
Market driver
  • Rise in process automation
  • For a full, detailed list, view our report
Market challenge
  • Weak global economic outlook
  • For a full, detailed list, view our report
Market trend
  • Bio-lubricants: Eco-friendly source of fuel
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Lubricants Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial lubricants market: BP, Castrol, ExxonMobil, Shell, and Total.

Other Prominent Vendors in the market are: Apar Industries, Chevron, CITGO, Columbia Petro Chem, Fuchs Lubricants, Gazprom, Idemitsu Kosan, LIQUI MOLY, Lubrizol, LUKOIL, Pertamina, Petrobras, PetroChina, Sinopec, and SK Lubricants.

Commenting on the report, an analyst from Technavio’s team said: “The development of environment-friendly lubricants due to the negative impact of petroleum-based lubricants on the environment is a significant trend in the global industrial lubricants market. Several tons of lubricants are washed off into the water streams due to leakages and careless disposal, thus leading to health-related issues. This has resulted in the imposition of several national and international standards that specify the allowed level of toxicity, performance, durability, and the renewability.”

According to the report, one of the major drivers for this market is rise in process automation. The demand for products that are superior in quality is increasing due to globalization and population growth. As a result, companies are implementing automation in their manufacturing units. Investment in global process automation is expected to continue to grow at 6% and is projected to reach $120 billion by 2019. This growth is focused in automation of areas such as technology, hardware, software, services, and communication protocol.

Further, the report states that one of the major factors hindering the growth of this market is weak global economic outlook. The global industrial lubricants market is dependent on the manufacturing and industrial business for its sustenance and on the other hand these industries are based on the global economy for its existence. During a strong macro economy, the global appetite for goods increase, thereby fueling the demand for the manufactured products.

Companies Mentioned

BP, Castrol, ExxonMobil, Shell, Total, Apar Industries, Chevron, CITGO, Columbia Petro Chem, Fuchs Lubricants, Gazprom, Idemitsu Kosan, LIQUI MOLY, Lubrizol, LUKOIL, Pertamina, Petrobras, PetroChina, Sinopec, SK Lubricants.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global industrial lubricants market 2015-2020 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global industrial lubricants market by product type
      • Table Global industrial lubricants market by product type 2015 and 2020 (%)
      • Table Global industrial lubricants by product types 2015-2020 (million metric tons)
    • Global industrial lubricants market by mineral oil lubricants
      • Table Global industrial lubricants market by mineral oil lubricants 2015-2020 (million metric tons)
      • Table Properties of mineral oil lubricants
    • Global industrial lubricants market by synthetic oil lubricants
      • Table Global industrial lubricants market by synthetic oil lubricants 2015-2020 (million metric tons)
      • Table Properties of synthetic oil lubricants
    • Global industrial lubricants market by bio-based lubricants
      • Table Global industrial lubricants market by bio-based lubricants 2015-2020 (million metric tons)
  • Geographical segmentation
    • Global industrial lubricants market by geography
      • Table Global industrial lubricants market by geography 2015 and 2020 (%)
      • Table Global industrial lubricants market by geography 2015-2020 (million metric tons)
    • Industrial lubricants market in APAC
      • Table Industrial lubricants market in APAC 2015-2020 (million metric tons)
    • Industrial lubricants market in EMEA
      • Table Industrial lubricants market in EMEA 2015-2020 (million metric tons)
      • Table Industrial production in the EU 2010-2015
    • Industrial lubricants market in the Americas
      • Table Industrial lubricants market in the Americas 2015-2020 (million metric tons)
      • Table Increase in labor wages in Asia by city 2000-2014
  • Market drivers
    • Rise in process automation
    • Government initiatives for industrial development
      • Table Influence of government initiatives on the industrial lubricants market
    • Low crude oil prices
      • Table Global crude oil price 2007-2016 $/bbl
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Weak global economic outlook
      • Table Major countries based on value-addition of their manufacturing units
      • Table Manufacturing purchase manager's index for China February 2015 to January 2016
      • Table Impact of China's declining growth on GDP of Thailand
    • Detrimental effects on environment and health
    • Increasing adoption of automatic lubrication system
      • Table Benefits of automatic lubricant system
      • Table Adoption rate of automatic lubrication system across various end-user industries
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Bio-based lubricants: Eco-friendly source of fuel
    • Emergence of food-grade lubricants
    • Development of low viscosity lubricants for wind turbines
      • Table Wind gear oil production 2015-2020 (metric tons)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation by revenue 2015
      • Table Global industrial lubricants segment portfolio of BP
      • Table BP: Industrial lubricants product portfolio of BP
    • Castrol
      • Table Industrial lubricants segment portfolio of Castrol
      • Table Industrial lubricants product portfolio of Castrol
    • ExxonMobil
      • Table ExxonMobil: Business segmentation
      • Table Industrial lubricants segment portfolio of ExxonMobil
      • Table Industrial lubricants product portfolio of ExxonMobil
    • Shell
      • Table Industrial lubricants segment portfolio of Shell
      • Table Industrial lubricants product portfolio of Shell
    • Total
      • Table Total: Business segmentation by revenue 2015
      • Table Industrial lubricants segment portfolio of Total
      • Table Industrial lubricants product portfolio of Total
  • Appendix
    • List of abbreviations
  • Explore Technavio

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