Global Lubricants Category - Procurement Market Intelligence Report
About Lubricants Market
Increased use of electromechanical devices in hospitals, which are used for medical examinations and surgical procedures, has driven the demand for lubricating products from this sector over the past five years. This is mainly due to the ability of lubricants to provide benefits such as enhancement in the performance and reduction in wear and tear and noise arising from these devices. Synthetic lubricants, surgical lubricants such as surgilube (made of natural-water soluble gums), K-Y jelly, medicinal castor oil, and greases are the most common types of lubricants that are used in medical examinations and devices used in medical procedures
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Lubricants Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Lubricants Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Lubricants Category - Procurement Market Intelligence ReporT 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Lubricants Category - Procurement Market Intelligence Report: Royal Dutch Shell, ExxonMobil, BP, PETRONAS, and Total.
Commenting on the report, an analyst from SpendEdge said: “Buyers must adopt effective practices that allow them to exert better control over service providers, irrespective of the prevailing market conditions, as this will help them with the improved management of their category spend.”
According to the report, one of the key growth drivers for this market. Technological developments have helped in the invention of medical devices, which is required to address the increasing rate of illness in people across the globe.
Further, the report states that a major key procurement challenge faced by procurement managers is the lack of technical knowledge in selecting appropriate lubricants. In the global lubricants market, numerous suppliers are offering a wide range of lubricating products with different specifications and quality levels.
Royal Dutch Shell, ExxonMobil, BP, PETRONAS, and Total.
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