A11775 | Pages: NA | Jul 2022 | 1377 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Lubricants Market
Request Now !Lubricants are essential for smooth functioning of machines in various industries. They can be said as compounds like oils, greases and fluids. These lubricants prevent metal-to-metal contact in dyes and finished component tooling. Industrial lubricants are used to cool parts, reduce friction, disperse contaminants, minimize wear, prevent corrosion, transmit power and act as a sealant in machineries. They are also crucial in modifying the surface properties, temperature regulation, and removing the debris. Increase in the demand for grease and low viscosity fluids in the automotive sector as well as the growing food industry and rapid industrialization in developing countries are the key factors for the growth of the market in recent years.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Base Oil, Product, End User, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | ExxonMobil Corporation , Idemitsu Kosan Co. Ltd., Royal Dutch Shell Plc., ExxonMobil Corporation, Fuchs Petrolub AG, Chevron Corporation, LUKOIL, BP Plc., Sinopec Ltd., Total S.A., and Petrochina Company Ltd. |
Â
COVID-19 impact analysis
Top Impacting factors
The growing automotive sector and industrial growth are expected to fuel the demand of industrial lubricants market. However, with the increase in the prices of crude oil, the awareness of people of developed and developing countries are opting for electric vehicles. Moreover, electric vehicles are offering various advantages due to consistent technological growth. The increasing adoption of electric vehicles may hinder the growth of automotive sector hence affecting the growth of industrial lubricants market. A small reduction in consumption of energy can save a lot of money of the manufacturers. Thus, with a significant lubrication, a company can save a lot of dollars. Hence, rapid industrialization and strict environment regulations imposed by the authorities are expected to drive the market during the forecast period.
Market Trends
New product launch
Key Segments covered
Base oil
Product Type
End User
Region
Key Benefits of the Report
Questions answered in the industrial lubricants Report
Upcoming Report specific
Key Market Segments
Segments | Sub-segments |
---|---|
By Base oil |
|
By Product Type |
|
By End User |
|
By Region |
|
Key Market Players
Loading Table Of Content...
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers