The newly Lubricant market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
A lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces.
On the basis of products, the various types include Mineral Oil Lubricants, Synthetic Lubricants, Bio-Based Lubricants, and Greases. On the basis of application, the Lubricant market is segmented into Transportation and Industrial Machinery & Equipment.
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Market Insights
According to a new research study, the Lubricant market size is expected to reach USD 65,787 million by 2026 from USD 48,831 million in 2019, with a compound annual growth rate of 4.35% during the forecast period. The growth can be mainly attributed to the increasing demand for Lubricant in Transportation and Industrial Machinery & Equipment applications. The growing need for the vehicle has led to the demand for higher quality products to improve vehicle performance, fuel efficiency, and emissions, which is also projected to propelling the growth of the market. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to drive the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific is the global market leader with a share of 39.71%, followed by North America and Europe, accounting for 29.21% and 28.18%. Asia-Pacific is expected to show the same trend over the forecast period, owing to the significant increase in demand from major countries such as India, China, Indonesia, and Thailand. Moreover, the rising investment for infrastructure development in the developing countries will also boost the growth of the market in Asia-Pacific. Strict government regulations in Europe and the United States are expected to drive market growth in these regions.
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Competitive Players
The Lubricant market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Royal Dutch Shell plc, ExxonMobil Corporation, BP plc, Chevron Corporation, Total S.A., and PetroChina Company Limited. Other prominent vendors in the market are Sinopec Limited, Idemitsu Kosan Co. Ltd., and others.
Target Audience for this Report
l Lubricant manufacturers
l Lubricant importers and exporters
l Lubricant traders, distributors, and suppliers
l Raw material suppliers of Lubricant
l Lubricant industry associations
l Product managers, Lubricant industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Lubricant Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Lubricant Market by Types
4 Segmentation of Lubricant Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Lubricant Market in Major Countries
7 North America Lubricant Landscape Analysis
8 Europe Lubricant Landscape Analysis
9 Asia Pacific Lubricant Landscape Analysis
10 Latin America, Middle East & Africa Lubricant Landscape Analysis
11 Major Players Profile
11.1 Royal Dutch Shell plc
11.1.1 Royal Dutch Shell plc Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 ExxonMobil Corporation
11.3 BP plc
11.4 Chevron Corporation
11.5 Total S.A.
11.6 PetroChina Company Limited
11.7 Sinopec Limited
11.8 Idemitsu Kosan Co. Ltd.
…
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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