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(Transportation-News.com, April 16, 2019 ) Lubricants are used to control or reduce friction between two bodies in relative motion to prevent heat generation and wear of surfaces in contact. In industries, lubricants improve the efficiency of machine by eliminating any residues collected on mechanical parts and by increasing their shelf-life of the mechanical parts. Lubricants possess thermal stability, high viscosity index, low freezing point and corrosion-prevention properties.
The lubricants market is anticipated to grow in the forecast period owing to increasing automotive industry and massive industrial growth in Asia-Pacific. Lubricating oils are being increasingly used across several industrial applications as well in areas such as air compressors, auxiliary equipment, bearings, food machinery, gas engines, hydraulics, heat transfer systems, paper machines, turbines, metalworking, and natural gas compressors which further propel the growth of the lubricants market. The industrial growth in the Middle East & Africa is likely to showcase opportunities for the untapped markets. However, the high price of synthetic and bio-based lubricants may restrict the growth of the market over the projected period.
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The "Global Lubricants Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of lubricants market with detailed market segmentation by group, base-stock, product type, end user industry and geography. The global Lubricants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Lubricants market players and offers key trends and opportunities in the market.
The List of Companies
1. AMSOIL INC
2. Chevron Corporation
3. Exxon Mobil Corporation
4. FUCHS
5. Idemitsu Kosan Co Ltd
6. Lukoil
7. Petrobras
8. Phillips 66 Lubricants
9. Royal Dutch Shell
10. Valvoline LLC
The global lubricants market is segmented on the basis of group, base-stock, product type, and end user industry. Based group, the market is segmented as Group I, Group II, Group III, Group IV, and Group V. On the basis of base-stock, the market is segmented as bio-based lubricants, mineral oil lubricants, synthetic lubricants, and semi-synthetic lubricants. By product type, the market is segmented as engine oil, transmission and hydraulic fluids, metalworking fluids, general industrial oils, gear oil, greases, process oils, and others. The market on the basis of the end user industry is classified into power generation, automotive and other transportation, heavy equipment, food and beverage, metallurgy and metal working, chemical manufacturing, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global lubricants market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Lubricants market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Lubricants market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the lubricants market in these regions.
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The reports cover key developments in the Lubricants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Lubricants market are anticipated to lucrative growth opportunities in the future with the rising demand for Lubricants in the global market. Below mentioned is the list of few companies engaged in the Lubricants market.
Key highlights of the global Lubricants market for the forecast years 2019-2027:
CAGR of the market during the forecast period 2019-2027
Detailed information on factors that will accelerate the growth of the Lubricants market during the next five years
Precise estimation of the global Lubricants market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
Growth of the Lubricants industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of the Lubricants companies
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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