Type: PDF
Status: Published
Categories: Energy and Power
Report Code : 20
No. of Pages :
According to the new report published by Zenith Market Insights, the global lubricants market is expected to grow from USD 132.73 billion in 2019 to USD 176.23 billion by 2028 at a CAGR of 3.2% over the forecast period 2020-2028.
Market Overview:
A lubricant is a substance, generally organic, applied to reduce friction between surfaces in mutual contact, which ultimately reduces the heat produced when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or cooling or heating the surfaces. The property of reducing friction is called lubricity. Lubricants are also used to eliminate heat and wear debris, supply additives into the contact, transmit power, protect, seal, depending on its nature. A lubricant can be in liquid, solid, gaseous or even semisolid forms. The liquid lubricants can be classified based on the base oil to mineral, synthetic/semi-synthetic, or environmentally acceptable (biodegradable) oils.
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Key Market Players:
Amsoil Inc., BP p.l.c., Chevron Corporation, ExxonMobil Corporation, Fuchs Petrolub AG, Idemitsu Kosan Co. Ltd, LUKOIL, Pennzoil, Petrochina Company Limited, Philips 66 Company, Royal Dutch Shell Plc., Sinopec Limited, Total S.A. and Valvoline LLC are some of the prominent players in the global lubricants market.
The market is segmented on the basis of below mentioned segments:
On The Basis Of Base Oil: Revenue & Volume
On The Basis Of Product Type: Revenue & Volume
On The Basis Of End Use: Revenue & Volume
On The Basis Of Region: Revenue & Volume
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2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
5. 24*7 Research Support.