Report Code: A10797 | Pages: NA | Jul 2023 | 3023 Views | ||
Author(s) : Eswara P | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Construction Lubricants Market
Request Now !Construction lubricants are chemical compounds used in machinery and equipment for smooth running and lowering the friction between the movable parts. Construction sector mainly includes heavy and light equipment including pile driving machines, cranes, and others that require specialized construction lubricants to maintain their efficiency and prevent breakdowns. Depending upon the use of construction lubricants, these are available in different viscosities in the market. It reduces the corrosion and friction and increases the longevity of the movable parts of the machines.
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
With the rapid urbanization across the globe, there is a steep rise in construction activities, which has led to the growth of the construction lubricants market. With the increase in global population, the construction of both residential and commercial buildings is on a rise. The construction companies tend to avoid the breakdown of any machineryas it increases the completion time of the project along with huge monetary losses. As a result, construction lubricants play a major role in the well being of the machineries along with maintaining standard productivity. Moreover, the construction lubricants are gaining popularity as hydraulic fluids as well that are used in heavy load equipment in different construction activities. The major companies are innovating to produce better quality lubricants,which are more efficient and can perform under extreme stress. The introduction of zinc free lubricant technology is one of the key innovations,expected to boost the growth of the construction lubricants market during the forecast period. However, with recent technological innovations, modern formulations of construction lubricant are leading to the development of oil rejuvenation and this might act as a growth barrier for the market.
The North America region caters for the largest share of the global construction lubricant market. This is due to the rapid development in the construction sector and increase in automation of machineries in the developed countries such as the U.S. The market in the Asia-Pacific region is also expected to witness a lucrative growth owing to the rapid infrastructural development and high number of construction projects being planned in the emerging economies of the region.
Key benefits of the report:
Questions answered in the Construction Lubricants Market research report:
Construction Lubricants Market Report Highlights
Aspects | Details |
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By Oil Type |
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By Product Type |
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By Equipment Type |
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By Region |
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Key Market Players | Total, ExxonMobil, PetroChina, LUKOIL, Indian Oil Corporation, Chevron Corporation, Royal Dutch Shell, Sinopec,, BP, Fuchs Petrolub SE |
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