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Published January 6, 2018
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:
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
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
Chapter 5 Market Segmentation Analysis
Chapter 6 Market Segmentation by Type
6.1 Bio-based oil
6.3 Mineral oil
Chapter 7 Market Segmentation by Product
7.2 Compressor Oil
7.3 Gear Oil
7.4 Metalworking Fluid
7.5 Engine Oil
7.6 Hydraulic Fluids
7.7 Turbine Oil
Chapter 8 Market Segmentation by Application
8.1 Food & Beverage
8.2 Metallurgy & Metal Working
8.4 Chemical Manufacturing
Chapter 9 Market Segmentation by Geography
9.1 Asia Pacific
9.3 North America
9.3.2 United States
9.4 South America
9.5 The Middle East and Africa
9.5.2 South Africa
9.5.3 Middle East Countries
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
11.1.1. 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