+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Flourishing Automotive Industry in Asia Pacific to Drive Global Lubricants Market

Posted on Jan 29, 2016

The global lubricants market and its crucial elements are analyzed in a recent market research report published by Transparency Market Research. The report states that the market will expand at a meagre 1.72% CAGR over the period between 2014 and 2020.  As a result, the market, which had a valuation of 39,140.12 kilo tons, will reach 44,165.11 kilo tons by 2020.The report is titled “Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020” and is available on the company website for sale.

Browse the full Lubricants Market (By Product- Mineral oil, Synthetic and Bio-based) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020 report at https://www.transparencymarketresearch.com/lubricants-market.html

The report credits the market’s future growth prospects to the rapid industrialization in Asia Pacific and the rising number of vehicles in the global market. On the other hand, factors such as the advent and rising popularity of hybrid and electric vehicles and the trend of extending engine oil drain intervals beyond the timeframes recommended by engine manufacturers are expected to have a negative impact on the growth prospects of the market to a certain extent.

The report segments the global lubricants market on the basis of three criteria: product type, application, and geography.On the basis of product type, the market has been segmented into biobased, mineral oil, and synthetic lubricants. Of these, the segment of mineral oil held the largest share in the global market, nearly 80% in 2013. Owing to the rising concerns regarding the ill-effects of petroleum-based and a variety of synthetic lubricants on the environment, the market for biobased lubricants is expected to garner increased attention over the report’s forecast period.

On the basis of application, the market has been segmented into automotive oils, grease, metalworking fluids, industrial oils, and others. Of these, the segment of automotive oils led the global market, accounting for over 50% in the market in 2013. Improved GDPs and rising disposable incomes of the population have significantly propelled the automotive market in Asia Pacific, subsequently driving the lubricants market.

On the basis of geography, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific accounted for the largest share in the global market, nearly 40% in 2013. The rising number of infrastructure development activities, coupled with the continuously increasing number of passenger cars in China, has significantly contributed to the overall growth of the lubricants market in Asia Pacific.

The report also presents a detailed overview of the competitive landscape of the global lubricants market, which features the dominance of a handful of MNCs. The report includes detailed business profiles of some of the key market vendors, presents qualitative as well as quantitative data about their finances and business strategies, and analyzes the impact of recent developments on the market’s future growth prospects. The market is difficult to enter for new entrants. Some of the key companies operating in the global lubricants market are Idemitsu Kosan, BP, Chevron, Fuchs Petrolub, ExxonMobil, Total, Lukoil Oil Company, Royal Dutch Shell, Sinopec, and PetroChina.

 The market has been segmented as follows:

Lubricants Market: Product Analysis

  • Mineral oil
  • Synthetic
  • Bio-based

Lubricants Market: Application Analysis

  • Automotive oils
  • Industrial oils
  • Metalworking fluids
  • Grease
  • Others

Lubricants Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • RoW (Rest of the world)

Browse : Our new press releases https://www.transparencymarketresearch.com/pressrelease/global-lubricants-market.htm

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top