Lubricants Market: Emerging Players with Size and Share, Regional Trends and Strategies Forecast 2021-2024


The “Lubricants Market” Report provides a thorough examination of the market. The Lubricants Market research investigates how firms in the Lubricants Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Lubricants market report.

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Competitor Analysis:

Lubricants market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Amsoil Inc.
  • Bechem
  • Bharat Petroleum Corporation Limited
  • BP PLC
  • Blaser Swisslube AG
  • Caltex Australia Group
  • China National Petroleum Corporation (PetroChina)
  • China Petroleum & Chemical Corporation (Sinopec)
  • Chemtura Corporation
  • Chevron USA Inc.
  • Eni SpA
  • Exxon Mobil Corporation
  • Fuchs
  • Gazprom Neft PJSC
  • Gulf Oil Corporation Limited
  • HPCL
  • Idemitsu Kosan Co. Ltd
  • Indian Oil Corporation Ltd
  • JX Nippon Oil & Energy Corporation
  • Kluber Lubrication
  • Lukoil Lubricants Company
  • Motul
  • Pertamina
  • Petrobras
  • Petrofer Chemie HR Fischer GmbH + Co. KG
  • Petronas Lubricants International
  • Phillips 66 Lubricants
  • Repsol
  • Royal Dutch Shell PLC
  • SK Lubricants
  • Tide Water Oil Co. (India) Ltd
  • Total Lubricants
  • Valvoline LLC

    Market Overview:

  • The market for lubricants is expected to register a CAGR of 2.18% during the forecast period (2019-2024). The major factor driving the market studied is the increasing demand for, and the usage of ,high-performance lubricants (owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life). However, increasing drain intervals in the automotive and industrial sectors are expected to hinder the growth of the market studied.
  • – Engine oil dominated the market in 2018, and is expected to grow during the forecast period, as it is widely used to lubricate internal combustion engines.
  • – Growing prominence for bio-lubricants is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the world, with the largest consumption coming from the countries, such as China and India.<

    Key Market Trends:

    Demand from the Growing Wind Energy Sector

    – Gear oils find application in wind turbines, for lubrication of the main gearbox and other gear motor components.
    – The lubricant requirements in wind turbine gearboxes are more stringent, compared to other industrial gear oils. This is because of the high temperatures, bearing wear, corrosion and oxidation, and load weights involved during the process of power generation.
    – There is a rising demand for synthetic gear oils in wind turbines, due to their enhanced properties, over their mineral-based counterparts, owing to the performance additives used during the formulation of synthetic oils, as per the requirement.
    – Power generation from wind energy is growing at a rapid pace, globally, with continuously increasing installed capacities of wind turbines every year.
    – The decrease in prices in the offshore industry has been one of the major contributors to the growth of the wind power generation market, by generating investments in the offshore industries in the European, North American, and Asia-Pacific regions.
    – According to the Global Wind Energy Council, the cumulative wind power capacity is expected to reach over 790 GW by 2020, with healthy YoY growth rates.
    – Despite facing competition from solar power generation, the wind power sector is expected to continue its growth during the forecast period. This, in turn, is expected to boost the demand for gear oil and overall lubricants in a significant manner.

    Asia-Pacific Region to Dominate the Market

    The Asia-Pacific region dominated the global market share in 2018. With growing automotive production and the increasing need for wind power in countries, such as China, India, and Japan, the usage of lubricants is increasing in the region. China is the largest lubricant consumer in the region, and the world, followed by the United States. Apart from automotive and wind power, the chemical manufacturing is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. These companies have increased their production capacities, which, in turn, may increase the consumption of lubricants. India was the world’s fifth-largest and sixth-largest producer of commercial vehicles and passenger cars, respectively, in 2018, and the automotive sector accounts for the largest share of the lubricant consumption in India. This can be majorly attributed to the diverse aftermarket sales of lubricants in the country. Major OEM manufacturers rely on agreements with different lubricant producers during production ,as well as the aftermarket service. Apart from the existing tie-ups, recent tie-ups made by few manufacturers in the sector are expected to boost the lubricants supplied through this route in India. The aforementioned factors in China and India are contributing to the increasing demand for lubricants consumption in the region, during the forecast period.

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    Scope of the Report:

    This report studies the global Lubricants market size, industry status and forecast, competition landscape and growth opportunity.

    Highlighted points of Lubricants Market Report:

    • Varying dynamics of the Lubricants industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Lubricants market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Lubricants market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Lubricants Market report:

    • The Lubricants market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Lubricants market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Lubricants market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Lubricants Market Report:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Increasing Usage of High-performance Lubricants
    4.1.2 Demand from the Growing Wind Energy Sector
    4.1.3 Expansion of the Global Cold Chain Market
    4.1.4 Stupendous Growth Rates in Sales of Lubricants
    4.2 Restraints
    4.2.1 Increasing Drain Intervals in the Automotive and Industrial Sectors
    4.2.2 Modest Impact of Electric Vehicles (EVs) in the Future
    4.3 Industry Value Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Regulatory Policy Analysis

    5.1 By Group
    5.1.1 Group I
    5.1.2 Group II
    5.1.3 Group III
    5.1.4 Group IV
    5.1.5 Group V
    5.2 By Base Stock
    5.2.1 Bio-based Lubricant
    5.2.2 Mineral Oil Lubricant
    5.2.3 Synthetic Lubricant
    5.2.4 Semi-synthetic Lubricant
    5.3 By Product Type
    5.3.1 Engine Oil
    5.3.2 Transmission and Hydraulic Fluid
    5.3.3 Metalworking Fluid
    5.3.4 General Industrial Oil
    5.3.5 Gear Oil
    5.3.6 Grease
    5.3.7 Process Oil
    5.3.8 Other Product Types
    5.4 By End-user Industry
    5.4.1 Power Generation
    5.4.2 Automotive and Other Transport
    5.4.3 Heavy Equipment
    5.4.4 Food and Beverage
    5.4.5 Metallurgy and Metalworking
    5.4.6 Chemical Manufacturing
    5.4.7 Other End-user Industries [Packaging, Oil and Gas (Drilling Fluids)]
    5.5 Geography
    5.5.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.5.2 North America United States Canada Mexico Rest of North America
    5.5.3 Europe Germany United Kingdom Italy France Russia Turkey Spain Rest of Europe
    5.5.4 South America Brazil Argentina Chile Colombia Rest of South America
    5.5.5 Middle East Saudi Arabia Iran Iraq UAE Kuwait Rest of Middle East
    5.5.6 Africa Egypt South Africa Nigeria Algeria Morocco Rest of Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Amsoil Inc.
    6.4.2 BASF SE
    6.4.3 Bechem
    6.4.4 Bharat Petroleum Corporation Limited
    6.4.5 BP PLC
    6.4.6 Blaser Swisslube AG
    6.4.7 Caltex Australia Group
    6.4.8 China National Petroleum Corporation (PetroChina)
    6.4.9 China Petroleum & Chemical Corporation (Sinopec)
    6.4.10 Chemtura Corporation
    6.4.11 Chevron USA Inc.
    6.4.12 Eni SpA
    6.4.13 Exxon Mobil Corporation
    6.4.14 Fuchs
    6.4.15 Gazprom Neft PJSC
    6.4.16 Gulf Oil Corporation Limited
    6.4.17 HPCL
    6.4.18 Idemitsu Kosan Co. Ltd
    6.4.19 Indian Oil Corporation Ltd
    6.4.20 ITW (ROCOL)
    6.4.21 JX Nippon Oil & Energy Corporation
    6.4.22 Kluber Lubrication
    6.4.23 Lukoil Lubricants Company
    6.4.24 Motul
    6.4.25 Pertamina
    6.4.26 Petrobras
    6.4.27 Petrofer Chemie HR Fischer GmbH + Co. KG
    6.4.28 Petronas Lubricants International
    6.4.29 Phillips 66 Lubricants
    6.4.30 Repsol
    6.4.31 Royal Dutch Shell PLC
    6.4.32 SK Lubricants
    6.4.33 Tide Water Oil Co. (India) Ltd
    6.4.34 Total Lubricants
    6.4.35 Valvoline LLC

    7.1 Industrial Growth in Middle East & Africa
    7.2 Growing Prominence for Bio-Lubricants
    7.3 Shift of Manufacturing Bases to Asia

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    Email: [email protected]

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