Lubricants Market Expected to Expand at a Steady CAGR Through 2027| AMSOIL, Chevron Corporation, Exxon Mobil, FUCHS, Idemitsu Kosan, Lukoil, Petrobras, Phillips 66 Lubricants

Lubricants are used to control or reduce friction between two bodies in relative motion to prevent heat generation and wear of surfaces in contact. In industries, lubricants improve the efficiency of machine by eliminating any residues collected on mechanical parts and by increasing their shelf-life of the mechanical parts. Lubricants possess thermal stability, high viscosity index, low freezing point and corrosion-prevention properties.

The lubricants market is anticipated to grow in the forecast period owing to increasing automotive industry and massive industrial growth in Asia-Pacific. Lubricating oils are being increasingly used across several industrial applications as well in areas such as air compressors, auxiliary equipment, bearings, food machinery, gas engines, hydraulics, heat transfer systems, paper machines, turbines, metalworking, and natural gas compressors which further propel the growth of the lubricants market. The industrial growth in the Middle East & Africa is likely to showcase opportunities for the untapped markets. However, the high price of synthetic and bio-based lubricants may restrict the growth of the market over the projected period.

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Key Vendors: AMSOIL INC, Chevron Corporation, Exxon Mobil Corporation, FUCHS, Idemitsu Kosan Co Ltd, Lukoil, Petrobras, Phillips 66 Lubricants, Royal Dutch Shell, Valvoline LLC among others.

The global lubricants market is segmented on the basis of group, base-stock, product type, and end user industry. Based group, the market is segmented as Group I, Group II, Group III, Group IV, and Group V. On the basis of base-stock, the market is segmented as bio-based lubricants, mineral oil lubricants, synthetic lubricants, and semi-synthetic lubricants. By product type, the market is segmented as engine oil, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oil, greases, process oils, and others. The market on the basis of the end user industry is classified into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metal working, chemical manufacturing, and others.

Lubricants Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

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The overall Lubricants market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Lubricants market.

Reason to Buy:
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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