According to a recently published report by Brisk Insights, the Global Lubricants Market is expected to grow at the CAGR of 3.3% during 2017-2025. The global lubricants market is segmented on the basis of product type, application and geography. The report on global lubricants market (by product, application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Lubricants Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/lubricants-market
Lubricants market is expected to witness significant growth with growing transportation sector. Growth in disposable income of middle class resulting in higher spending on various commodities, travel, cars, consumer goods and other services. Rapid growth in number of passenger vehicles and passenger aircraft due to increasing disposable income of the middle class especially in emerging economies such as China, India, South Korea, Brazil and others. Thus, increasing number of passenger vehicles is expected to fuel the demand for lubricant during the forecast period. Further, increasing movement of goods with growing international trade due to growth in demand for consumer goods fueling the demand for road transport, air cargo and marine services is subsequently projected to propel the demand for lubricants during the forecast period.
Expeditious development of industries in emerging economies especially in Asia Pacific and Latin America along with growing industrial production to meet the increasing demand for goods and services globally successively expected to drive the demand for mineral oil lubricants and greases which in turn is anticipated to drive the global lubricants market over the forecast period. However, high prices of bio-based lubricants and synthetic type lubricants are anticipated to restrain the growth of global lubricants market over the forecast period (2017-2025).
Scope of the report
1. Global Lubricants Market, by Product Type, 2015–2025 ($ Million)
1.1. Mineral Oil Lubricants
1.2. Synthetic Lubricants
1.3. Bio-Based Lubricants
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2. Global Lubricants Market, by Application, 2015–2025 ($ Million)
3. Global Lubricants Market, by Geography, 2015-2025 ($ Million)
3.1. North America
3.2.4. Rest of Europe
3.3. Asia Pacific
3.3.3. Rest of Asia Pacific
3.4. Latin America (LATAM)
3.4.3. Rest of Latin America
3.5. Middle East and Africa (MEA)
3.5.2. Rest of Middle East and Africa
4. Company Profiles
4.1. Royal Dutch Shell plc.
4.2. Exxon Mobil Corporation
4.3. BP P.L.C.
4.4. Chevron Corporation
4.5. Total S.A.
4.6. Petrochina Company Limited
4.8. Sinopec Limited.
4.9. Kuwait Petroleum Corp.
4.10. Saudi Arabian Oil Company (Aramco)
4.11. Other Major Players
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