Transparency Market Research is Published
new Market Report "Technology trends in Lubricants (Mineral,
Synthetic, and Bio-based) Market for Turbine oil, Compressor oil, Gear oil,
Hydraulic oil, Bearing oil and Heat transfer fluid lubricant
Applications - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2012 - 2018," The global lubricant market was
worth USD 44.0 billion in 2011 and is expected to grow at a CAGR of
5.5% from 2012 to 2018. The global lubricant consumption was 35,605.6 kilo tons
in 2011 and is expected to reach 42,304.7 kilo tons in 2018, growing at a CAGR
of 2.5% from 2012 to 2018.
Browse
the full report at http://www.transparencymarketresearch.com/technology-trends-lubricants-market.html
Increasing automobile demand is expected to fuel lubricant demand over
the forecast period. Increasing regulatory support and the need to reduce crude
oil dependence are expected to support bio-based lubricant market growth over
the next decade. However, volatility in mineral oil prices and high production
cost of bio-based lubricants are key challenges faced by industry participants.
Mineral oil based lubricants were the largest product segment and
accounted for 96.8% of the overall consumption volume in 2011. Industrial and
commercial automotive applications dominated mineral lubricant demand and
accounted for 71.6% of the mineral lubricant consumption in 2011. Automotive
oils dominated the bio-based lubricant market and accounted for 25.7% of the
bio-based lubricant volumes in 2011.
Asia-Pacific dominated the global lubricant market in terms of
consumption, owing to strong demand from China and India, and
accounted for 40.2% of the global market in 2011. The growth in North
America is primarily fuelled by the growth of the U.S. automobiles
market. North America is lubricant demand expected to reach 8,756.3
kilo tons by 2018 while Asia Pacific lubricant market is expected to
grow at a CAGR of 3.4% from 2012 to 2018. The European lubricants market is
expected to continue to be sluggish for conventional lubricant while
simultaneously providing attractive opportunities for their bio-based
counterparts.
Some of the key players in the lubricant industry include Royal
Dutch Shell, Exxon Mobile, British Petroleum, Castrol, Chevron, Total and
Fuchs. The report provides an overview of these companies followed by their
financial revenue, business strategies, products and recent developments.
Related
& Recently Published Reports by Transparency Market Research
- Solvents Market: http://www.transparencymarketresearch.com/solvents-market.html
- Latin America Adhesives and Sealants
Market: http://www.transparencymarketresearch.com/latin-america-adhesives-sealants.html
This research analyzes and estimates the performance and consumption of lubricants
in the global scenario, providing detailed trend analysis of the market by
geography and comprehensive analysis of companies that are dealing in
lubricants.
The report presents a thorough assessment of the strategies
followed by different stakeholders by segmenting the lubricant market as below:
Lubricants
Market: Product Segment Analysis
·
Mineral Lubricants
·
Synthetic Lubricants
·
Bio-based Lubricants
Lubricants Market: Technology Trends
·
Turbine oil lubrication
·
Compressor oil lubrication
·
Gear oil lubrication
·
Hydraulic oil lubrication
·
Fire resistant hydraulic fluid
·
Nuclear resistant lubricant
·
Bearing oil lubrication
·
Heat transfer fluid
·
Re-refined base oils and lubricants
·
Nanomaterials based lubrication
·
Other emerging fields
Lubricants Market: Regional Analysis
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World (Middle East, Latin America,
and Africa)
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