Lubricants: Global Markets to 2023
The global market for lubricants should grow from $146.1 billion in 2018 to $166.0 billion by 2023 at a compound annual growth rate (CAGR) of 2.6% for the period of 2018-2023.
- 110 data tables and 23 additional tables
- An overview of the global market for oil and water-based lubricants and their applications
- Analyses of market trends, with data from 2017 to 2018, and projections of CAGRs through 2023
- Country specific data and analysis for US, Germany, Russia, Turkey, China, France, India, Japan, Russia, Brazil, Mexico, UK, Saudi Arabia, Iran, Egypt and Australia
- Coverage of historical overview, key industrial development, and regulatory framework
- Description of properties and manufacturing processes of lubricants
- Detailed discussion regarding impact of electric vehicles on lubricant demand
- Company profiles of the major players of the industry, including Royal Dutch Shell Plc, Exxonmobil Corp., BP Plc, Chevron Corp., Total and Petrochina Company Ltd.
The scope of the report covers the global market scenario for lubricants and analyses of global market trends. The report considers 2017 as the base year and provides estimates from 2018 to 2023 with projections of CAGR in the forecast duration. Market data is provided in terms of volume (kilotons) and value ($ millions) at global and regional levels by product and type. Estimated values are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
The report analyzes the global lubricants market across different geographies and in key countries. The report reviews industrial developments and regulatory frameworks to understand how macro-economic factors affect the global demand for lubricants. The report also identifies stakeholders involved in the value chain and assesses them using Porter’s five forces analysis. Market dynamics such as drivers, restraints, opportunities and challenges also are discussed.
To provide the holistic view, the report segments global lubricants market by type and product. In terms of type, the market covers mineral oil, synthetic oil and bio-based lubricants to understand current market trends and the shift of lubricant manufacturers from mineral-oil based lubricants to synthetic lubricants. The report examines lubricants by products such as automotive lubricants, industrial lubricants, metalworking fluids, process oil, marine lubricants and grease.
The report discusses factors such as increasing new vehicle sales, established vehicle fleet and increasing motorization rate, particularly in emerging economies, and how these are driving demand for lubricants in the automotive sector. The analysis details prominent players by company description, business overview, product portfolio, financial outlook, strategic overview and recent developments.
The report aims to guide tier-one suppliers, base-oil providers, lubricant additive manufacturers, and existing established suppliers in developing their business strategies.
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