Rising demand for a variety of manufactured finished goods as well as subsequent need for expanding production capabilities has influenced manufacturers to rely on different machinery to automate production process and processing functions.
On the basis of product, industrial lubricants market has been segmented into process oils, general oils, metalworking fluids, engine oils and others. Process oils is estimated to hold more than 20% share in the industrial lubricants market in 2017. Processed industrial lubricant is a special category of oil which finds wide application scope in a range of chemical as well as technical industries. Process oils are used as raw material as well as a processing aid in different end-use industries such as chemicals, rubber, and plastic. Increasing demand for chemicals, primarily in Asia-Pacific, is expected to drive their production.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/industrial-lubricants-market
Asia-Pacific is estimated to hold the largest share in the industrial lubricants market in 2017. The Asia-Pacific region is expected to be the fastest growing industrial lubricants market during the forecast period owing to high growth in the oil market, burgeoning population, rapid industrialization, and urbanization, coupled with strong growth in major end-use industries such as food processing, textiles, chemicals, and metalworking. The market presents several lucrative opportunities to innovators who tap into niche applications and introduce newer products with advantageous product characteristics.
Growth of chemical manufacturing industry, particularly driven by top chemical manufacturing countries such as Germany, the UK, Russia and France are expected to drive the growth of industrial lubricants market. These lubricants are required for variety of applications such as fertilizer production, compressors, and rotatory machines. They help in optimizing the performance and operating life cycle of the equipment which is subjected to severe stress and wear & tear. Increasing demand for processed food & beverages owing to changing consumer preferences and busy lifestyle is expected to fuel the industrial lubricants market growth in food processing applications.
Request For Sample Pages: https://www.psmarketresearch.com/market-analysis/industrial-lubricants-market/report-sample
Growth of energy industry, particularly oil & gas and mining in North America is expected to be a key driving factor for industrial lubricants market growth in the region. These lubricants are required at every stage of the energy generation sector ranging from performance efficiency of the equipment to the availability at all times. Factors such as downtime in the oil & gas industry caused by numerous variables, corrosion, wear & tear and operational inefficiency results in huge loss for the producers, impacting output for a couple of days. These lubricants stimulate the smooth working of machinery and equipment with reduced friction between parts.
Some of the major players operating in the global industrial lubricants industry are ExxonMobil Corp., Fuchs Group, The Lubrizol Corporation, Royal Dutch Shell, Phillips 66, Lucas Oil Products, Inc., Amsoil, Inc., Bel-Ray Co., Inc., Total S.A., Kluber Lubrication, Valvoline International, Inc., Chevron Corp., Clariant, Quaker Chemical Corp., Zeller+Gmelin GmbH & Co. KG, Houghton International, Inc., Castrol, Blaser Swisslube, Inc., Calumet Specialty Products Partners, L.P., Petronas Lubricant International, Idemitsu Kosan Co., Ltd. and Yushiro Chemical Industry Co., Ltd.
On the basis of product, industrial lubricants market has been segmented into process oils, general oils, metalworking fluids, engine oils and others. Process oils is estimated to hold more than 20% share in the industrial lubricants market in 2017. Processed industrial lubricant is a special category of oil which finds wide application scope in a range of chemical as well as technical industries. Process oils are used as raw material as well as a processing aid in different end-use industries such as chemicals, rubber, and plastic. Increasing demand for chemicals, primarily in Asia-Pacific, is expected to drive their production.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/industrial-lubricants-market
Growth of chemical manufacturing industry, particularly driven by top chemical manufacturing countries such as Germany, the UK, Russia and France are expected to drive the growth of industrial lubricants market. These lubricants are required for variety of applications such as fertilizer production, compressors, and rotatory machines. They help in optimizing the performance and operating life cycle of the equipment which is subjected to severe stress and wear & tear. Increasing demand for processed food & beverages owing to changing consumer preferences and busy lifestyle is expected to fuel the industrial lubricants market growth in food processing applications.
Request For Sample Pages: https://www.psmarketresearch.com/market-analysis/industrial-lubricants-market/report-sample
Growth of energy industry, particularly oil & gas and mining in North America is expected to be a key driving factor for industrial lubricants market growth in the region. These lubricants are required at every stage of the energy generation sector ranging from performance efficiency of the equipment to the availability at all times. Factors such as downtime in the oil & gas industry caused by numerous variables, corrosion, wear & tear and operational inefficiency results in huge loss for the producers, impacting output for a couple of days. These lubricants stimulate the smooth working of machinery and equipment with reduced friction between parts.
Some of the major players operating in the global industrial lubricants industry are ExxonMobil Corp., Fuchs Group, The Lubrizol Corporation, Royal Dutch Shell, Phillips 66, Lucas Oil Products, Inc., Amsoil, Inc., Bel-Ray Co., Inc., Total S.A., Kluber Lubrication, Valvoline International, Inc., Chevron Corp., Clariant, Quaker Chemical Corp., Zeller+Gmelin GmbH & Co. KG, Houghton International, Inc., Castrol, Blaser Swisslube, Inc., Calumet Specialty Products Partners, L.P., Petronas Lubricant International, Idemitsu Kosan Co., Ltd. and Yushiro Chemical Industry Co., Ltd.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
No comments:
Post a Comment