Lubricants Market worth $182.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™ According to the new market research report "Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Biobased Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), End-Use Industry (Transportation and Industrial lubricants), Region - Global Forecast to 2025", published by MarketsandMarkets™, the lubricants market size is projected to reach USD 182.6 billion by 2025, at a CAGR of 3.0% from USD 157.6 billion in 2020. PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=182046896 Browse and in-depth TOC on "Lubricants Market" 399 - Tables 56 - Figures 324 - Pages View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/lubricants-market182046896.html Lubricants are defined as various compounds like fluids, oils, and greases. Lubrication is an essential process for industrial processes, which helps to reduce the friction between moving parts or surfaces to enhance the efficiency of machines. Lubricants are manufactured using base oil, which is categorized as mineral oil, synthetic oil, and biobased oil. Mineral oil and synthetic oil are sourced from petroleum crude, and bio-based oils are sourced from vegetable oil. The major factor that is driving the lubricants market is massive industrialization, the increasing disposable income & rapid urbanization in emerging countries. Mineral oil was the largest segment in the global lubricants market in 2019. Mineral oil was the largest segment in the lubricants industry, in terms of both value and volume, in 2019. Mineral oil-based lubricants are available in light and heavy grades, depending on the usage and requirement. They are produced via petroleum refineries in large quantities because of its high usage in various sectors, such as construction, metal & mining, and cement production, among others. The engine oil segment accounts for the largest share of the lubricants industry in 2019. The engine oil segment accounted for the largest share of the lubricants market in 2019, in terms of both volume and value. Engine oil is used mainly in ICEs, where its primary function includes lubrication and heat removal in the automobile and equipment engine. Engines are the most widely used machines, majorly used in vehicles and transport vessels. These engines form the basis of a vehicle function. It is the most common type of fluid being used in the industry. Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=182046896 Transportation accounts for the largest share of the lubricants industry in 2019. Transportation accounted for the largest share of the lubricants market in 2019, in terms of both volume and value. This is due to the rise in vehicle count both in commercial and passenger segments, influenced by the increasing spending power in the developing nations. The growing emphasis on optimized supply chain and logistics will also have a positive impact on this market. APAC is estimated to be the largest market for lubricants during the forecast period. APAC led the lubricants market in 2019, in terms of both volume and value. The increasing population, the rising expenditure in the industrial sector, and the growing vehicle count in emerging markets of China, India, and ASEAN
are some of the major factors projected to drive the demand for lubricants in the region. This increased demand is expected to consequently drive the growth of the lubricants market in the region. Furthermore, improved lifestyle, an increase in employment rate, a rise in disposable income of the people, and an increase in foreign investments in various sectors of the economy are some of the factors that make APAC an attractive market for lubricants manufacturers. The key market players profiled in the report include Royal Dutch Shell Plc. (Netherlands), ExxonMobil Corporation (U.S.), Chevron Corporation (U.S.), BP p.l.c. (U.K.), Total S.A. (France), Petrochina Company Limited (China), Sinopec Limited (China), LUKOIL (Russia), Fuchs Petrolub AG (Germany), and Idemitsu Kosan Co. Ltd (Japan), among others. Get 10% Free Customization on This Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=182046896 Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting Related Reports : Industrial Lubricants Market by Type (Metalworking Fluid, Grease Hydraulic, Gear, Compressor, Turbine Oil), EndUse Industry (Construction & Mining, Metal, Cement, Power Generation, Manufacturing, Food), Base Oil, and Region - Global Forecasts to 2021 http://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html Construction Lubricants Market by Base Oil (Mineral Oil and Synthetic Oil), Product Type (Hydraulic Fluid, Engine Oil, Gear Oil, Compressor Oil) and Equipment Type (Earthmoving, Material Handling, Heavy Construction Vehicle) Global Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/construction-lubricant-market-163720562.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062
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