Lubricants Market, Size, Share, Evaluation, 2021-2028
iCrowd Newswire
24 Nov 2021, 21:33 GMT+10
"The Global Lubricants Market is projected to grow at a CAGR of 3.6% during the forecast period 2021-2028″.
Lubricants are materials that help reduce the friction between moving parts or surfaces to enhance the efficiency of machines. They are used in different applications ranging from automobiles to large multitudes of industries. This report covers factors impacting the market, Lubricants Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The report profiles the major players of this market.
Download free sample: https://www.datamintelligence.com/download-sample/lubricants-market
Drivers and Restraints
Growth in the automotive industry, increasing urbanization and harsh traffic conditions are favoring the growth of Lubricants Market.
Passenger and commercial vehicles are the major consumers of lubricants. This is due to the rising vehicle production and improving standard of living in the developing nations.
Mineral oil to drive the market for lubricants during the forecast period owing to it's low cost.
The increasing industrial investments and the growing automotive sector is projected to fuel the growth of the lubricants market in the Middle East & Africa region.
Market Segmentation
By Base StockBio-Based LubricantsMineral Oil LubricantsSynthetic LubricantsSemi-synthetic LubricantsBy GroupGroup IGroup IIGroup IIIGroup IVGroup VBy Product TypeEngine OilGeneral Industrial OilsGear OilGreasesMetalworking FluidsProcess OilsTransmission & Hydraulic FluidsBy End-User IndustryAutomotive and TransportationChemical ManufacturingFood & BeverageHeavy EquipmentMetallurgy and MetalworkingPower Generation
View full report: https://www.datamintelligence.com/research-report/lubricants-market
Geographical Share
This report segments the market based on geography intoNorth America, South America, Europe, Asia- Pacific and RoW.
Asia-Pacific is a developing and continuously growing region with rapidly expanding Industrial and Automotive sectors. It is the leading consumer of lubricants with a demand of nearly 30% of the global production.
Market Key Players
The Global Lubricants Market Share is predominantly divided between the leading players of the market which include Total Oil Asia-Pacific Pte Ltd, Texas Petrochemical Asia Pacific Pte Ltd, Ro-Quip Asia Pacific Pte Ltd, Fuchs Lubricants India Pvt. Ltd, Paras Lubricants Limited.
Trending Topics
Tags: General Industrial Oils, Automotive and Transportation, Heavy Equipment, Gear Oil, lubricants market, Lubricants, Engine Oil, Greases, Chemical Manufacturing, Total Oil Asia-Pacific Pte Ltd, Texas Petrochemical Asia Pacific Pte Ltd, Ro-Quip Asia Pacific Pte Ltd, Fuchs Lubricants India Pvt. Ltd, Paras Lubricants Limited
See Campaign: https://www.datamintelligence.com/research-report/lubricants-marketContact Information:Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.comTags:Menafn, Reportedtimes, PR-Wirein, Extended Distribution, iCN Internal Distribution, Research Newswire, English
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Philadelphia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philadelphia Herald.
More InformationBitcoin soars to a record on Trump policies, institutional demand
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
Huawei eyes new buyers for AI chips amid U.S. export curbs
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
U.S. food prices at risk as Brazil tariff hits key imports
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
WK Kellogg sold to Ferrero as food giants chase shelf power
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
Filmmaker joins biotech effort to bring back extinct giant bird
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
India seeks WTO nod for retaliatory tariffs on US
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
Sources: Meta won’t alter data model, faces fresh EU charges
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
Trump’s tariff push could push US rates above 20%, ICC says
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
U.S. Urged to Investigate After Israeli Settlers Beat Palestinian-American to Death
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
New Hampshire federal court ruling defies Trump’s citizenship move
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
Houthis attack cargo ship in Red Sea, raising maritime safety fears
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
Trump administration restarts Ukraine arms deliveries
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
