In 2014, the industrial lubricants segment gained popularity with a volume of 14.40 million tons. Due to the increasing machinery and maintenance costs in manufacturing industries across the world, there is a rise in the demand of industrial machinery. Other factors that are responsible for this industry’s market growth are hastened industrial output in mining and machining industries along with metal forming and capacity expansions.
The global lubricants market was valued at 37.11 million tons in 2013 and is predicted to reach 44.22 million by 2020, growing at a CAGR of 2.51% from 2014 to 2020. On the basis of product, the global lubricant market industry is sectioned into commercial automotive, consumer automotive and industrial.
Besides, there in an enormous demand for lightweight passenger cars and sizeable commercial vehicles these days. This surge has promoted the production of automotive industry on a global level; this as a result is contributing to the growth of the lubricants market.
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Table of Contents
Chapter 1 Thorough Methodology and Scope
1.1 In-depth Research Methodology and Scope
1.2 Potential Research Scope & Assumptions
1.3 Detailed List of Data Sources
Chapter 1 Executive Summary of the Lubricants Market Industry Report
Chapter 2 Outlook of The Lubricants Industry
2.1 Market Segregation of Lubricants Industry
2.2 Market Size and Possible Growth Prospects
2.3 Industrial Value Chain Analytics of Lubricants Market
2.4 Underlying Structured Regulatory/Legislative Framework of Lubricants market
2.4.1 ECHA (Europe Chemical Agency)
2.4.2 U.S. EPA (United States Environmental Protection Agency)
2.4.3 U.S. FDA (Food & Drug Administration)
2.5 Market Dynamics of the Lubricants Industry
2.5.1 Analysis of the Market drivers
22.214.171.124 Rapid industrialization in BRICS nations
126.96.36.199 Positive automotive outlook
2.5.2 Market constraint analysis
188.8.131.52 Surfacing of bio-based lubricants
184.108.40.206 Rigorous environment regulations
2.6 Raw material analysis
2.7 Prioritized list of Key Opportunities
2.8 Porter?s Industry Analysis
2.9 Company market share analysis of Lubricants Market on Global Level, 2013
2.10 Lubricants - PESTEL Analysis
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Another branch of the lubricants market is sorted on the basis of mineral oil lubricants, bio-based lubricants, synthetic lubricants, and greases. Mineral oil lubricants lead the lubricant market owing to its cost effectiveness and easy availability. Increased awareness amongst the consumers regarding coupled with government regulations, the synthetic lubricants and bio-based lubricants are predicted to record a high CAGR during the forecast period.
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Last updated on: 20/09/2016
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