LONDON, Feb. 26, 2015 /PRNewswire/ -- Lubricants are very
important for the proper functioning of a machine. The primary
function of lubricants is to reduce friction, and wear & tear.
Lubricants protect against sludge formation and residual deposition
over mechanical parts. They are also used to transfer heat, as
seals for gases, transmit power, and prevent rust and corrosion.
Lubricants are manufactured from base oils. The desired properties
are imparted to lubricants by blending base oils with various
additives such as viscosity index improvers, dispersants, and
detergents. Lubricant additives improve the functioning and
lifespan of lubricants.
The global lubricants market study analyzes the demand for
lubricants and provides estimates and forecasts for the market in
terms of consumption. In order to provide a holistic view, the
market has been segmented on the basis of products and
applications. The product segments of the global lubricants market
included in the report are mineral oil, synthetic, and bio-based.
Base oils used for manufacturing mineral oil lubricants are
obtained from refining crude oil. Base oils are of various types:
group I, group II, and group III. These base oils are distinct from
each other in terms of sulfur content (%), viscosity index, and
saturates (%). Group I base oil is the least processed base oil,
and has the lowest quality. Hence, the finished lubricants
containing group I base oils have low performance levels.
Synthetic lubricants are synthesized under controlled conditions to
instill desired properties in them. Bio-based lubricants are
manufactured from animal and vegetable oils. They are the most
expensive lubricants. Key application segments analyzed in the
study include automotive oils, industrial oils, metalworking
fluids, grease, and other lubricants. In this report, the data for
various products and applications has been provided for the period
2013 – 2020. Market data has been provided on a regional level for
North America, Europe, Asia
Pacific, the Middle East,
and Rest of the World (RoW). The regions included in RoW are
Latin America and Africa.
The report also includes value chain analysis of the market along
with Porter's Five Forces model. The value chain of the global
lubricants market provides a glimpse of various raw material
suppliers, downstream players, and distributors involved in the
business as well as their interaction with the ultimate end users
of the product. Porter's Five Forces analysis helps in
understanding the five major forces that affect the industry
structure and profitability of the global lubricants market. The
forces analyzed in the global lubricants market report include
bargaining power of suppliers, bargaining power of buyers, threat
from new entrants, degree of competition, and threat from
substitutes. The company market share analysis provides a
comprehensive competitive landscape. The report analyzes the market
attractiveness by product type. The market attractiveness analysis,
by product, involves benchmarking and ranking of each product
segment on the basis of numerous parameters. The parameters
selected are likely to have a prominent effect on the demand for
each type of lubricants during the forecast period.
Key players in the global lubricants market include Royal Dutch Shell plc., BP p.l.c., Total S.A.,
Chevron Corporation, Lukoil Oil Company, Fuchs Petrolub SE,
Idemitsu Kosan Co., Ltd., PetroChina Company Limited, Sinopec
Limited, and ExxonMobil Corporation. Some of the major companies
such as Royal Dutch Shell Plc. and Exxon Mobil Corporation have a
presence across the value chain of the global lubricants market.
The report provides an overview of these companies along with their
financial details (subject to availability), business strategy, and
recent developments.
Lubricants Market: Product Segment Analysis
Mineral oil
Synthetic
Bio-based
Lubricants Market: Application Segment Analysis
Automotive oils
Industrial oils
Metalworking fluids
Grease
Others
Lubricants Market: Regional Analysis
North America
Europe
Asia Pacific
Middle East
RoW (Rest of the World)
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