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Request Now !Gear oil is a lubricant that contains organosulfur compounds. It is usually of high viscosity and made specifically for transfer cases, transmissions, and differentials in transports vehicles and machinery markets. It is widely used for gearing and high maintenance purposes. Some of the additives such as molyconc F, molyconc super 100, and molyconc super 100 are added in gear oil to increase the lubricating properties and to prevent surface fatigue and scuffing. The synthetic gear oil is created artificially from chemical compounds and has higher thermal stability and retention, while other oils are derived from the crude oil as a product of the oil distillation process. The gear oil is widely used as a reduction of friction, wear of the gear tooth surfaces, removal of the heat generated by the operating gear, and protection of the gear parts from the corrosion. The transportation industry, plastic manufacturing, power generation plants, and construction sector are likely to witness high demand for gear oil during the forecast period.
Scope of the report
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Product, Application, End User, and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa |
Companies covered | Royal Dutch Shell Plc, Sinopec Limited, Exxon Mobil Corporation, and Chevron Corporation |
The friction caused due to movement and heat generating by the operating gear in vehicles requires lubrication for smooth function, hence, gear oil is widely used for this purpose. The major driving factor of the gear oil market is rapid industrialization and increase in use of machinery in manufacturing industries. Heavy construction machineries are susceptible to corrosion. The application of gear oil on these machineries will prevent the corrosion, which is anticipated to boost the market growth. Furthermore, increase in rate of construction projects in developed and developing economies is anticipated to fuel the need for gear oil. Introduction of bio-based gear oil is anticipated to notably contribute toward the market growth, owing to its environment-friendly nature, as it does not result in carbon emission. However, higher prices, material compatibility, and limited miscibility of gear oils hamper the growth of the market.
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Key benefits of the report
Questions answered in the global gear oil market research report:
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