Lubricants Market Worth $162.3 Billion by 2019 - Report by MarketsandMarkets

Share Article

The global lubricants market was estimated to register a consumption of 37,978.2 KT in 2013, and is poised to witness a CAGR of 2.1% between 2014 and 2019. The market has been segmented into four categories based on the type, namely, mineral oil lubricants, synthetic lubricants, bio-based lubricants, and greases.(http://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html)

MarketsandMarkets

MarketsandMarkets

Major Players in the Lubricants Market: Total S.A. (France), Lukoil (Russia), Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), BP plc (U.K.) and others

The report, “Lubricants Market by Type and Application”, defines & segments the global market with analysis and forecasting in terms of volume.

Browse more than 104 Market Data Tables, 68 Figures spread through 176 Pages and in-depth TOC on "Lubricants Market".
http://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html
Early buyers will receive 10% customization on reports.

The global lubricants market is estimated to be worth of $140.5 billion in 2013 and is projected to reach $162.3 billion by 2019; growing with a CAGR of 2.5% between 2014 and 2019.

The transportation segment accounts for largest share of around 57.0% of the total lubricants market in terms of volume. The transportation industry is increasingly utilizing synthetic and bio-based lubricants to replace conventional lubricants. The shift is primarily attributed to the higher performance characteristics of synthetic and bio-based lubricants and stringent vehicle emission regulations.

Asia-Pacific is the fastest growing lubricants market, at a CAGR of 3.0% between 2014 and 2019. Asia-Pacific and The Middle East & Africa regions are expected to drive the lubricants materials market. These markets together accounted for around 51.0% of the total market in 2013. The growing automotive sector and industrial production have led to an enhanced demand for lubricants. The transportation industry in these regions has a high share in the lubricants market.

Request Sample of this Report: http://www.marketsandmarkets.com/requestsample.asp?id=182046896

The synthetic lubricants significantly increase the drain interval that helps reduce the frequent change of lubricants. The high viscosity index and thermal stability of the synthetic lubricants make them suitable for extreme condition in industries. This lubricant type has huge demand from high-end vehicle users as well. The synthetic lubricants demand is gradually eating into the market share of mineral oil lubricants. The synthetic oil lubricants market is the second largest lubricants market. However, the high price of synthetic lubricants is hindering its market growth.

The Chinese market is the largest lubricants market comprising more than 56.0% of the total Asia-Pacific market in 2013. The market in China for lubricants is estimated to grow at a high rate in the next five years due to increasing industrial activities in the country. It surpassed the top lubricants market the United States in the recent past and is projected to continue to dominate the lubricants market. The North American market has reached its mature stage, and hence, will register a sluggish growth.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=182046896

The growth of the end-user industries in key countries such as China, India, South Africa, Brazil, and Iran is driving the growth of the lubricants market. The lubricants market is estimated to reach 42,780.7 KT by 2019, witnessing a CAGR of 2.1% between 2014 and 2019.

The adoption of bio-based lubricants to reduce harmful environmental effects is the current trend in the lubricants market and is boosting the overall growth of the market. The need to enhance fuel efficiency of vehicles has led to replacement of traditional materials with synthetic lubricants. This trend also has a high influence on the overall market.

Scope of the Report

The global lubricants market is analyzed in terms of volume (KT) by the classifications mentioned below:

By Type

  • Mineral Oil Lubricants
  • Synthetic Lubricants
  • Bio-based Lubricants
  • Greases

By Application

  • Transportation
  • Passenger Vehicles
  • Commercial Vehicles
  • Aviation
  • Marine
  • Industrial Machinery & Equipment

By Geography

  • Asia-Pacific
  • Europe
  • North America
  • The Middle East & Africa
  • South America

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=182046896

The top companies in the lubricants market include Royal Dutch Shell plc (The Netherlands), Lukoil (Russia), Exxon Mobil Corporation (U.S.), BP plc (U.K.), Total S.A. (France) among others. The lubricants market has witnessed number of expansions and new product launches in the recent past.

Browse Related Reports:

Middle East & Africa Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil, and Greases), by Application (Passenger Vehicles, Commercial Vehicles, Aviation and Marine and Industrial Machinery and Equipment) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/middle-east-africa-lubricants-market-241633940.html

Lubricant Additives Market by Function Type (Dispersants, VII, Detergents, Antiwear, Antioxidants, Corrosion inhibitors, Emulsifiers & Others) and Application (Automotive & Industrial Lubricants) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/lubricant-additives-market-172993846.html

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
@marketsmarkets
since: 04/2009
Follow >
Market Research Report
since: 12/2010
Like >
Follow us on
Visit website