Envision Report

Published January 6, 2018

Lubricant Market- Size, Outlook, Trends and Forecasts (2018 – 2024)

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The lubricant is a substance that is mainly used to improve smoothness and reduce friction between surfaces, thereby increasing their operating lifespan. They are usually in liquid, semi-fluid, or in solid state and has various characteristics like high viscosity index, high level of thermal stability. Lubricant market is estimated at USD 144.47 Billion in 2017 and is projected to reach USD 166.61 Billion by 2024, at a CAGR of 2.6% from 2017 to 2024.

Lubricant market share:

The market is segmented by type, product, application, end-user, and geography. Lubricants have been the most significant market for production and consumption in the Asia-Pacific, followed by Europe and Middle East countries.

Lubricant market size:

The Asia-Pacific is the critical lubricant markets for synthetic oils, mineral oils and bio-based lubricants in India, Japan, and China. Due to the developing automobile industry and is expected to grow in roadways, railways, and seaports shortly.

Lubricant market growth:

The rapid infrastructure development, transportation system, increasing disposable income of people and industrial growth in Asia-Pacific has a higher demand for the automotive and industrial sector has been driving the market for lubricants.

Lubricant market industry analysis:

Lubricant market is classified into type, product, application, and geography. In this categorisation, the growth of the market is driven by automobile aftermarket as manufacturing demand is increasing at a quick pace in upcoming years.

Lubricant market outlook:

The automotive industry is mainly using synthetic and bio-based lubricants to replace conventional lubricants. The change is primarily referring to the higher performance of synthetic and bio-based lubricants. The choice of bio-based lubricants to reduce harmful effects in the environment is the current trend in the lubricants market and is boosting the overall growth of the market.

Lubricant market Trends:

Gulf Oil International has to merge with Quaker Chemical to process fluids and speciality chemical in 2017.

BP PLC has agreed to merge their interests in oil & gas production along with Bridas Corp. and Buenos Aries on 2017.

Lubricant market Research reports:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Massachusetts Institute
  • Fuchs Petrolub SE
  • Phillips 66 Lubricants
  • Indian Oil Corp. Ltd.
  • Hindustan Petroleum Corp. Ltd.
  • Gulf Oil Corporation Limited

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Challenges

Chapter 5 Market Segmentation Analysis

Chapter 6 Market Segmentation by Type

6.1 Bio-based oil

6.2Synthetic oil

6.3 Mineral oil

6.4 Others

Chapter 7 Market Segmentation by Product

7.1 Greases

7.2 Compressor Oil

7.3 Gear Oil

7.4 Metalworking Fluid

7.5 Engine Oil

7.6 Hydraulic Fluids

7.7 Turbine Oil

7.8 Others.

Chapter 8 Market Segmentation by Application

8.1 Food & Beverage

8.2 Metallurgy & Metal Working

8.3 Marine

8.4 Chemical Manufacturing

8.5 Aviation

8.6 Others

Chapter 9 Market Segmentation by Geography

9.1 Asia Pacific

9.1.1 Introduction

9.1.2 China

9.1.3 India

9.1.4 Japan

9.1.5 Australia

9.1.6 Others

9.2 Europe

9.2.1 Introduction

9.2.2 Spain

9.2.3 UK

9.2.4 France

9.2.5 Russia

9.2.6 Italy

9.2.7 Others

9.3 North America

9.3.1 Introduction

9.3.2 United States

9.3.3 Canada

9.3.4 Mexico

9.3.5 Others

9.4 South America

9.4.1 Introduction

9.4.2 Argentina

9.4.3 Brazil

9.4.5 Others

9.5 The Middle East and Africa

9.5.1 Introduction

9.5.2 South Africa

9.5.3 Middle East Countries

9.5.4 Others

Chapter 10 Competitive Landscape

10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

10.2 Market Share Analysis

10.3 Strategies Adopted By Top Companies

Chapter 11 Company Profiles

11.1 Lukoil

11.1.1. Company Overview

11.1.2. Financial Performance

11.1.3. Product Benchmarking

11.1.4. Strategic Initiative

11.2 SINOPEC Group

11.3 ExxonMobil Corp.

11.4 BP plc

11.5 Royal Dutch Shell

11.6 Valvoline Inc.

11.7 Chevron Corp.

11.8 JXTG Nippon Oil & Energy Corporation

11.9 Gazpromneft – Lubricants, Ltd.

11.10 PETRONAS Lubricants International

11.11 Fuchs Petrolub SE

11.12 Phillips 66 Lubricants

11.13 Indian Oil Corp. Ltd.

11.14 Hindustan Petroleum Corp. Ltd.

11.15 Gulf Oil Corporation Limited

Chapter 12 Market Estimates and Forecast

12.1 Market Estimates and Forecasting 2018-2024(USD Million)

12.1.1 Market Estimation and Forecasting by Type 2018-2024 (USD Million)

12.1.2 Market Estimation and Forecasting by Product 2018-2024 (USD Million)

12.1.3 Market Estimates and Forecasting by Application 2018-2024 (USD Million)

12.1.4 Market Estimates and Forecasting by Geography 2018-2024 (USD Million)

12.1.5 Market Estimates and Forecasting by Company 2018-2024 (USD Million)

Chapter 13 Market Insights

13.1 Insights of Industry Experts

13.2 Analyst Opinion (Market Understanding)

13.3 Investment Opportunities

Chapter 14 Appendix

14.1 List of Tables

14.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.


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